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Categories Business

Macy’s confirms rogue employee hid $151 million in expenses over three years

December 12, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In

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Categories Business

Albertsons sues Kroger after judge rules against grocery merger

December 12, 2024

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract

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Categories Business

Tokyo government to introduce four-day workweek for its employees

December 11, 2024

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low

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Categories Business

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s

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Categories Business

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

December 11, 2024

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between

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Categories Business

How the New York Mets can justify paying one player $765 million

December 11, 2024

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”

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Categories Business

Women’s basketball league Unrivaled signs uniform deal with Under Armour

December 11, 2024

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a

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Categories Business

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

December 10, 2024

TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings

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Categories Business

AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent

December 9, 2024

When Noah Jackson began his search for a new software engineering job at the start of 2024, there was one quality he

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Categories Business

Court rejects Boeing plea deal tied to 737 Max crashes

December 7, 2024

A federal judge rejected Boeing’s plea deal tied to a criminal fraud charge stemming from fatal crashes of its 737 Max aircraft. U.S. District Judge Reed O’Connor of

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