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AI a 'fire accelerator' for Big Tech antitrust abuses, international regulator warns
Powerful AI systems “will make all the problems only worse,” said Andreas Mundt, who cited fears that users won’t be able to avoid Big Tech platforms in favor of alternative...
Paramount Global set to ax more employees after 'unacceptable' profit drop
The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.
Southwest cuts revenue outlook despite booming summer travel
Southwest said the revenue per mile outlook is worsening mostly due to the difficulty of adapting its pricing to “current booking patterns in this dynamic environment.”
New home sales plummet to lowest level since November as mortgage rates stay high
The median new house price fell 0.9% to $417,400 in May from a year ago. Nearly half of the new homes sold last month were priced under $399,000.
Rivian soars as Volkswagen plows $5B into struggling EV maker
VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both...
Housing market won't come 'unstuck' until 2026, economists predict — here's why
The economists cited a "one-time shift" in demand duringThe economists said they predict home prices will rise by about 4.5% in 2024 and 5% in 2025, then fall back to...
Why 9-to-5 businesses do not meet Americans’ local necessities
Nine-to-five businesses aren’t ‘good enough,’ suggests a new study. Instead, Americans want businesses to operate 24/7.
16 Nobel Prize-winning economists warn Trump policies will reignite inflation
"We believe that a second Trump term would have a negative impact on the US's economic standing in the world, and a destabilizing effect on the US's domestic economy," the...
Fans fume as Disney World makes major change to its ride reservation system: 'Trash!'
Guests staying at a Disney Resort hotel will have the option of booking the three experiences and times a week in advance.
NYPD clears out dozens of 'unlawful' delivery bikes from front of Roosevelt Hotel shelter
Dozens of delivery bikes parked outside The Roosevelt Hotel have been cleared away by NYPD as part a stepped-up crackdown on unregistered and illegal mopeds and e-bikes.
Delta launches its most luxurious lounge ever at JFK, with fine dining, massages and showers at massive 'Sky Club'
The airline is set to open up its exclusive, 39,000-square-foot Delta One lounge, the largest of its "Sky Club" offerings, on Wednesday.
Tesla recalls 11K Cybertrucks over faulty windshield wipers, loose trim
Both recall notices impact more than 11,000 Cybertrucks. In both cases, Tesla will make the repairs free of charge and owners will be notified by Aug. 18.
Consumer confidence takes hit on worries about US economic outlook
"Strength in current labor market views continued to outweigh concerns about the future,” said Dana Peterson, the Conference Board’s chief economist.
Home prices hit new record high as shortage deepens pain for would-be buyers
Prices increased 6.3% nationally in April when compared with the previous year, the S&P CoreLogic Case-Shiller index showed and 0.3% on a monthly basis.
Judge rejects Visa, Mastercard $30B settlement over controversial swipe fees
The settlement announced in March was intended to resolve most litigation that began in 2005 over so-called swipe fees, also known as interchange fees, that merchants pay to accept Visa and Mastercard,...
Software giant says US ban of TikTok would hurt its profits
The law “will make it unlawful to provide internet hosting services to TikTok,” an annual report published Monday read.
Uber locking out NYC drivers to avoid paying them for 'idle time'
Uber drivers in the Big Apple are fuming over the move, saying their income has dropped by as much as 50%, according to Bloomberg News.
Microsoft hit with antitrust charges by EU over 'possibly abusive' business practices
The European Commission said Monday it informed Microsoft of its preliminary view that the US tech giant has been “restricting competition.”
Apple reportedly rejected iPhone AI partnership with Meta months ago
The companies are not in discussions for an AI partnership involving Meta's Llama chatbot and only held brief talks in March, the report said.
The one trait shared by extremely successful people — and it's a 'muscle' you can build
Stay flex for success.