Business News

Stealing Apple trade secrets can get you 120 days in prison and a boatload of debt
2024-02-09 01:19:28
A former Apple engineer who pled guilty to stealing trade secrets related to Apple Car has finally been sentenced to 120 days in prison, three years probation, and $146,984 in restitution.
Google rebrands its AI services as Gemini, launches new app and subscription service
2024-02-08 22:03:09
Google on Thursday introduced a free artificial intelligence app that will enable people to rely on technology instead of their own brains to write, interpret what they're reading and deal with a variety of other task in their lives.
Microsoft's Nadella woos Indian developers to the company's AI tools
2024-02-08 22:03:07
Microsoft CEO Satya Nadella urged in a speech to more than a thousand Indian computer code developers on Thursday that they use the company's artificial intelligence tools being deployed across its products.
For legacy media studios, streaming has dried up revenue. Can they change the channel?
2024-02-08 22:02:08
The world's most successful entertainment companies are under economic siege from tech titans such as Netflix, Apple and Amazon, forcing traditional media players to make hard decisions about merging, selling assets or limiting production.
Power outages leave poor communities in the dark longer: Evidence from 15M outages raises questions about recovery times
2024-02-08 19:30:02
Electricity is essential to just about everyone—rich and poor, old and young. Yet, when severe storms strike, socioeconomically disadvantaged communities often wait the longest to recover.
Biden's 'hard look' at liquefied natural gas exports: How exactly does natural gas fit with US climate goals?
2024-02-08 19:30:02
The Biden administration has frozen pending decisions on permit applications to export liquefied natural gas, or LNG, to countries other than U.S. free trade partners. During this pause, which will last for up to 15 months, the administration has pledged to take a "hard look" at economic, environmental and national security issues associated with exporting LNG.
Federal Trade Commission, Amazon spar over antitrust lawsuit that could 'alter' the company
2024-02-08 13:24:26
In the months since the Federal Trade Commission sued Amazon over allegations of anti-competitive and monopolistic behavior, the two parties have debated the schedule, the scope and the rationale of the case itself.
Tech companies slash more than 3,900 Bay Area jobs in 2024 as layoffs widen
2024-02-08 13:24:25
Tech companies have revealed decisions to slash more than 3,900 jobs in the Bay Area so far in 2024, cutbacks fueled by hundreds of staffing reductions in February that hint at a forbidding year for the crucial industry.
Microsoft Is Undermining Activision's Independence With Latest Layoffs, FTC Says
2024-02-08 11:03:37
Microsoft contradicted its own representations of what would happen post-merger, the FTC says.
Diversity in hiring is working for the 49ers, and other NFL teams don't like it
2024-02-08 10:53:04
The league is showing its true self again as some owners seem to think that being rewarded for doing the right thing is unfair
Disney beats forecasts as streaming struggles improve
2024-02-08 10:22:17
Disney on Wednesday reported higher than expected profit in the final three months of last year as it strives to adapt to a shift from television to streaming.
EU court backs Ryanair in Dutch aid case for KLM
2024-02-07 23:43:29
A top EU court on Wednesday again annulled the approval of a pandemic state aid program for Dutch airline KLM, handing a fresh victory to its Irish rival Ryanair.
Vanguard quietly embraces AI in $13 billion of quant stock funds
2024-02-07 23:43:25
Vanguard Group, famous for its old-school investment ethos and reluctance to chase newfangled technologies like crypto, has been quietly using machine learning across several active stock funds with a combined $13 billion under management.
An expert discusses the state of cryptocurrencies
2024-02-07 23:38:21
Cryptocurrencies like Bitcoin were created to circumvent the monopoly on money held by nation states and central banks. The digital currencies were to function more democratically and be widely disseminated. But the opposite has happened, blockchain researcher Claudio Tessone notes.
In a first for Uber since becoming a public company, an annual profit.
2024-02-07 19:10:30
Uber posted its first full-year profit since going public in 2019 and its stock hit an all-time high Wednesday as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations.
Save up to $2,500 on a TV at the Best Buy Super Bowl sale: Our top picks
2024-02-07 19:10:30
Bring the biggest event in sports to your home with show-stopping savings on larger-than-life TVs.
3 smart money moves to make this Labor Day
2024-02-07 15:05:17
Getting your finances in order can be a great way to reduce stress on Labor Day — and these money moves can help.
UAW presses Big 3 with "audacious" demands, edging closer to strike as deadline looms
2024-02-07 15:00:54
The automakers, which are making billions in profits, have dismissed union's desired 46% pay raise, 32-hour workweek and pensions as "unrealistic."
Last chance to save big at Wayfair's Labor Day closeout sale: Save up to 70% on kitchen appliances, furniture and more
2024-02-07 15:00:46
Save big on refrigerators, bed frames, mattresses, washing machines and more at the Wayfair Labor Day Sale.
Dollar General to donate $2.5 million and remodel store in wake of Jacksonville shooting
2024-02-07 15:00:19
Retailer is donating to local nonprofits and will provide matching donation of up to $1 million to its Employee Assistance Foundation.

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