Business News

Elon Musk launches his own AI company to compete with ChatGPT

Carol Yepes/Getty Images(NEW YORK) -- Billionaire entrepreneur Elon Musk launched an artificial intelligence company called xAI on Wednesday, vowing to…

1 year ago

Founder of cryptocurrency lending platform Celsius Network arrested

Catherine Falls Commercial/Getty Images(NEW YORK) -- The founder of cryptocurrency lending platform Celsius Network was arrested Thursday on federal charges.…

1 year ago

SAG-AFTRA negotiating committee votes unanimously to recommend strike as Hollywood talks stall

Mario Tama/Getty Images(LOS ANGELES) -- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) negotiating committee has voted…

1 year ago

Powerball jackpot jumps to $875 million after no winners in Wednesday’s drawing

LPETTET/Getty Images (NEW YORK) -- The Powerball jackpot is now an estimated $875 million for Saturday's drawing, after no winners…

1 year ago

SAG-AFTRA strike looms as union and studios meet with federal mediators

Mario Tama/Getty Images(LOS ANGELES) -- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is expected to strike at…

1 year ago

Bob Iger to stay on as CEO of Walt Disney Company through 2026

Vittorio Zunino Celotto/Getty Images(NEW YORK) -- The Walt Disney Company has announced that Bob Iger will remain CEO for two additional…

1 year ago

San Francisco’s retail exodus goes beyond crime, experts say

Barry Winiker/Getty Images(SAN FRANCISCO) -- The slew of closures of retail stores in San Francisco in recent months doubles as…

1 year ago

Inflation cooled significantly in June, bringing price hikes close to normal levels

Javier Ghersi/Getty Images(WASHINGTON) -- Consumer prices rose 3% last month compared to a year ago, marking a significant slowdown and…

1 year ago

Inflation data expected to show significant slowdown of price increases

Javier Ghersi/Getty Images(WASHINGTON) -- Inflation data to be released on Wednesday will show whether the U.S. economy extended a monthslong…

1 year ago

Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards

Spencer Platt/Getty Images, FILE(NEW YORK) -- Bank of America was ordered to pay more than $100 million to customers for…

1 year ago