Recent News
Native American Tribe Teams Up With Kalshi on New Prediction Market
The Tunica-Biloxi of Louisiana plan to release a platform that uses infrastructure by Kalshi, the industry leader. Other tribes have taken aim at the company.
Trump Promotes Program to Reduce Medicaid Drug Prices
Ahead of the midterm elections, the president said that all states had opted in to an effort to align Medicaid’s prices for medicines with those in other wealthy countries.
Who Is Howard Buffett, the New Berkshire Hathaway Chairman?
Mr. Buffett, 71, is succeeding his father, Warren, but will not be running the company’s day-to-day operations.
Uber to Pay $40 Million to Parents of Woman Fatally Hit by Car
Emily Normandin-Parker, 23, was struck and killed on a California freeway after an Uber driver ordered her and a friend out of his car in August 2023.
S.E.C. Seeks to End Shareholder Proposals Process Commonly Used by Activists
Activists have often used the rule to push for changes in companies’ governance and environmental and social policies.
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
Ryanair boss Michael O'Leary apologises over 'high-fare rapists' remarks
O'Leary described his choice of language as "careless" and said "it won't happen again".
What Set Off the Rise in Interest Rates? Mainly, the Iran War.
The Federal Reserve is trying to catch up with the leap in bond rates as the Middle East conflict unnerves world markets.
The A.I. Industry’s New Worry: ‘Liability Exposure’
The prospect of artificial intelligence tools being used to do significant harm presents the companies and their leaders with a legal challenge.
Disney Hires Its First CTO Amid Industry Push to Embrace A.I.
Karandeep Anand, an expert in building artificial intelligence and consumer technology products, will become Disney’s first chief technology officer.
Use of GLP-1s Like Ozempic Is Forcing Food Companies to Adapt
People on medications for weight loss are buying less food, shrinking their portion sizes and purchasing smaller clothes. Businesses are trying to adjust.
Flight chaos caused by 'millisecond' software defect, report says
The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
Kremlin Moves to Seize Control of Nestlé’s Russia Operations
The Swiss maker of KitKats and Nescafé said it was assessing the situation after the Kremlin issued a presidential decree.
Officials: Xi's instruction offers guidance for advanced manufacturing
Speaking to CMG, officials and industry insiders across various sectors have responded actively to Xi's remarks, stressing that the instruction has charted the course and provided fundamental guidelines for building a manufacturing powerhouse on the new journey, and pledging to place the development of advanced manufacturing as a key strategic task.
Amodei, Anthropic’s Leader, Exposed A.I.’s Dangers. It’s Time to Act.
Times columnist Kevin Roose sees reasons for optimism — and worry — as the world wakes up to what Silicon Valley has been talking about for years.
Dragon Deborah opens with a terrible negotiation tactic
Deborah Meaden makes a bold opening move in response to a pitch.
'Insufficient funds' to pay Brewdog creditors after takeover deal
Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.
China Stockpiled Oil, and Now It Could Dominate the Energy Landscape
The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
British Steel plan lacks credibility, MPs say
A committee report says the government has not set out how British Steel will become profitable.
Economy minister accuses SoS of 'mischief making' in social media exchange
Dr Caoimhe Archibald posted on X about a new one-off electricity bill reduction, which Sir Chris Bryant reposted saying the UK government funded it.
The Takaichi Fallout: The BOJ's reluctant hike
The BOJ just raised interest rates by 25 bps to 1.25% — a 31-year high. With household spending down for eight straight months, raising rates isn't a simple choice. Swipe through the graphics to see why the Bank of Japan is running out of good options.
We bought our £242,000 home without a deposit - here's how
The share of UK mortgages with smaller deposits is the highest it's been since 2008. The BBC spoke to borrowers about how they manage the risks.
The Takaichi Fallout: Japan's rate hike can't fix what politics broke
On Friday, the Bank of Japan delivered a long-anticipated yet highly reluctant interest rate hike, pushing its policy rate to 1.25%, the highest level in 31 years, in a difficult move aimed at countering the persistent downward pressure on the yen and stabilizing the country's exchange rate.
Academic: Higher rates could widen US wealth divide
Academic: Higher rates could widen US wealth divide
Economist: Fed rate hike will not curb US inflation
Economist: Fed rate hike will not curb US inflation
Former shoplifter ran 'steal-to-order' Whatsapp group
Keeley Knowles ran a Whatsapp group with about 200 people asking her to steal specific designer items.
Why Europe Really, Really Needs a Mild Winter
The economy has been resilient despite higher prices stemming from the war in the Middle East, but that could change quickly if cold weather forces countries to tap depleted gas reserves.
The Working Class Face a ‘Class Ceiling’ in Elite Occupations
Being female or a person of color has long been seen as a disadvantage in hiring and promotion. A new study of college professors shows that class may loom as large.
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