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Categories Business

Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases

Author October 2, 2024

As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a

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Categories Business

East and Gulf coast ports shut down as thousands of workers go on strike

Author October 2, 2024

Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and

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Categories Business

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

Author October 2, 2024

PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five

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Categories Business

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Author September 30, 2024

With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight

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Categories Business

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Author September 30, 2024

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake”

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Categories Business

Trademark dispute emerges over Tiger Woods’ new logo

Author September 30, 2024

Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company that makes cooling

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Categories Business

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Author September 29, 2024

Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight words that underscore how contentious the bank’s relationship with the government has

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Categories Business

Promises of ‘passive income’ on Amazon led to death threats for negative online review, FTC says

Author September 27, 2024

Jamaal Sanford received a disturbing email in May of last year. The message, whose sender claimed to be part of a “Russian

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Categories Business

How birria took over restaurant menus across the country

Author September 26, 2024

Birria, which was once known as a regional Mexican food, has taken on a life of its own in the U.S., becoming

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Categories Business

Surging AI demand could cause the world’s next chip shortage, research says

Author September 26, 2024

A surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according

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