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Categories Business

Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival

November 24, 2024

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new

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Categories Business

CFPB expands oversight of digital payments services including Apple Pay and Cash App

November 23, 2024

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes

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Categories Business

SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

November 23, 2024

Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald

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Categories Business

India’s 2nd-wealthiest person charged by U.S. in $250 million bribery scheme

November 22, 2024

U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay

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Categories Business

McDonald’s preparing a 2025 ‘McValue’ offering

November 21, 2024

McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company

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Categories Business

Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say

November 21, 2024

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with

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Categories Business

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

November 21, 2024

Walmart raised its forecast on Tuesday, as its customers bought more discretionary merchandise, ordered more deliveries to their homes and started their holiday

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Categories Business

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

November 21, 2024

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed

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Categories Business

Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring

November 21, 2024

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the

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Categories Business

Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement

November 21, 2024

Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Health and

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