Business News

Philips looks to AI as seeks to turn the page on defective respirators
2024-03-19 21:06:16
Medical device manufacturer Philips is betting on innovation as artificial intelligence (AI) transforms the health care industry, its chief executive told AFP in an interview on Tuesday, as the company looks to turn the page on a massive recall of defective sleep respirators.
As the US government and record labels go after TikTok, musicians get the squeeze
2024-03-19 18:35:03
For much of the year, TikTok has been on the defensive.
What'll happen when Facebook stops paying for news? Here's what happened when radio stopped paying for music
2024-03-19 18:35:02
Why are musicians so keen to get played on the radio?
Renault CEO urges 'Marshall Plan' for Europe electric vehicles
2024-03-19 18:30:01
The chief executive of French automaker Renault called Tuesday for a European "Marshall Plan" to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of Chinese competition.
Sam Bankman-Fried deserves 40 to 50 years in prison for "historic" cryptocurrency fraud, prosecutors say
2024-03-19 16:55:56
Sam Bankman-Fried, 32, is scheduled to be sentenced on March 28 following his November conviction on fraud and conspiracy charges.
Mortgage rates unlikely to dip this year, experts say
2024-03-19 16:11:45
Although some Wall Street analysts think mortgage rates may have peaked, they don't expect a sharp drop in home loan costs.
Alibaba to pour $1.1 billion into South Korean market in chase for growth · TechNode
2024-03-19 15:27:32
Alibaba is planning to invest over $1 billion in South Korea in the next three years according to the country’s news outlet Yonhap, in a quest to tap
MrBeast’s $5 million game show for Prime Video could one-up Netflix’s Squid Game
2024-03-19 15:25:45
From YouTube to Prime Video.
Google has a new head of Search — and she’s all in on AI
2024-03-19 15:25:19
The AI folks are starting to take over the Search team at Google.
Nvidia reveals Blackwell B200 GPU, the “world’s most powerful chip” for AI
2024-03-19 15:25:07
Twenty petaflops of AI performance, says Nvidia.
We’re one step closer to a global cybersecurity standard for smart home devices
2024-03-19 13:33:07
The Product Security Verified Mark will tell you if that smart home device is secure.
Alibaba’s grocery unit head steps down in latest overhaul: report · TechNode
2024-03-19 13:32:32
Hou Yi, who founded Freshippo in 2016 as a new retail practice for Alibaba, announced on Monday his decision to step down as chief executive in a surprise
China reaffirms EV commitment with new measures amid doubts · TechNode
2024-03-19 13:31:41
The comments came after a slew of international carmakers scaled back their EV plans and Chinese automakers cut prices amid demand pressure.
The Fed is meeting this week. Here's what experts are saying about the odds of a rate cut.
2024-03-19 12:27:35
After two years of rate hikes, Americans are coping with higher costs for all kinds of loans. Here's what to expect from the Fed this week.
FTC to send nearly $100 million in refunds to customers of Benefytt's fake health plans
2024-03-19 12:27:35
Nearly half a million U.S. consumers lured into buying sham insurance from Benefytt Technologies will get refunds.
Unilever bought Ben & Jerry's 24 years ago. Now it's exiting the ice cream business.
2024-03-19 12:27:34
Unilever said it's spinning off iconic ice cream brand Ben & Jerry's to focus on its other businesses.
The average Wall Street bonus fell a bit last year — to $176,500, New York state's comptroller says
2024-03-19 12:27:33
The average Wall Street bonus fell 2% last year — to $176,500, New York state officials say. The bonus' high water mark was $240,400 in 2021, and its relative low was $111,400 in 2011.
AI titan Nvidia ramps up collaboration with Chinese auto giants
2024-03-19 11:25:15
Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles.
Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth
2024-03-19 11:25:15
Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest "Loud and Clear" report.
UnitedHealth says it has made progress on recovering from a massive cyberattack
2024-03-19 08:57:57
UnitedHealth is testing the last major system it must restore from last month's Change Healthcare cyberattack, but it has no date yet for finishing the recovery.

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