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Categories Business

Wealthy investors find opportunities in stock market sell-offs

Author August 12, 2024

Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in

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Categories Business

Trump Media reports $16 million loss for quarter as revenue falls

Author August 12, 2024

Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a net loss of more than $16 million

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Categories Business

JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

Author August 12, 2024

JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase

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Categories Business

Stocks close higher, clawing back some losses from Monday’s sell-off

Author August 11, 2024

Stocks ticked up Friday as the stock market built on its incredible comeback from Monday’s violent rout. The broad market index ended

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Categories Business

An interest rate cut is coming. Here’s what to do with your money beforehand.

Author August 10, 2024

The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with

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Categories Business

Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck

Author August 10, 2024

DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an

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Categories Business

Three Disney films could top $1 billion this year after box office rut

Author August 9, 2024

After years of starts and stops at the box office, Disney appears to have hit a groove in 2024. Its latest Pixar film, “Inside Out

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Categories Business

Delta says chaos after CrowdStrike outage cost it $550 million

Author August 9, 2024

Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is

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Categories Business

Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

Author August 9, 2024

LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and

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Categories Business

Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor

Author August 9, 2024

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal

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