Job market slowdown looms over Biden reelection bid
President Biden and Democrats are in economic purgatory with less than a year until the pivotal 2024 election. The US economy is slowing down after...
Amazon made more than $1B using secret algorithm called ‘Project Nessie,’ FTC says
Amazon made more than $1 billion in excess profits by employing a secret algorithm codenamed “Project Nessie” that inflated prices, according to newly unredacted portions...
Musk says new AI company will debut technology on Saturday
Elon Musk said his new artificial intelligence startup will make its debut on Saturday. “Tomorrow, xAI will release its first AI to a select group,”...
SEC subpoenas PayPal over stablecoin
The Securities and Exchange Commission (SEC) has subpoenaed PayPal over its dollar-backed stablecoin, the company revealed in a regulatory filing Thursday. PayPal said it received...
US added 150k jobs in October as jobless rate ticked higher
The US economy added 150,000 jobs and the unemployment rate rose to 3.9 percent in October, according to new data released by the Labor Department...
Biden administration investing $653M in ports to improve supply chains, keep costs down
The Biden administration announced on Friday morning that it is investing more than $653 million to fund port projects with the goal of improving US...
Sam Bankman-Fried found guilty on all counts as jury returns swift verdict
Beleaguered cryptocurrency king and FTX founder Sam Bankman-Fried was convicted on seven counts in his fraud trial in New York Thursday, ending a storied ascendancy...
Head of National Association of Realtors resigns
The chief executive of the National Association of Realtors (NAR) resigned from his position Thursday, two days after a federal jury ruled that the organization...
Retailers expect holiday sales to rise despite economic headwinds
Retailers are expecting Americans to spend more money than ever this holiday season despite economic and geopolitical headwinds, the National Retail Federation (NRF) declared Thursday....
Condé Nast slashing more than 250 jobs
Condé Nast, the media conglomerate that owns and operates Vogue, The New Yorker and Vanity Fair, along with a number of other properties, has plans...