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Categories Economy

Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’

April 12, 2025

New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular

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Categories Economy

Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

April 7, 2025

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit

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Categories Economy

Buffett denies rumors after Trump shares wild claim that investor backs president crashing market

April 6, 2025

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan

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Categories Economy

Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal

April 3, 2025

WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including

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Categories Economy

Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

April 3, 2025

Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of

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Categories Economy

Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout

April 2, 2025

Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of

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Categories Economy

Meta’s head of AI research announces departure

April 2, 2025

Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company.  Joelle Pineau, the company’s vice president of AI research,

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Categories Economy

Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

April 1, 2025

Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it

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Categories Economy

Trump commutes sentence of Ozy Media founder Carlos Watson

March 30, 2025

President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term

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Categories Economy

FCC is investigating Disney and ABC for DEI initiatives

March 29, 2025

The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and

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