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Newspapers accuse artificial intelligence companies of stealing content
A newly-filed lawsuit targets two of the biggest generative AI platforms in the world, Open AI, the creators of ChatGPT and Microsoft's Copilot AI program.CBS News - Top stories -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
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Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
AMD is the latest company to show that AI is an expensive proposition
Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.MarketWatch - Business -
Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
McKinsey Study: Opportunities to Boost Small Company Productivity
Research on micro, small, and midsize companies offers new ideas about how to close the productivity gap.Inc. - Business -
Futureproofing Your Firm: 5 Vital Tactics for Professional Services Companies
Rules for forward-thinking service firms that want to stay relevant in the age of AI.Inc. - Business -
How to save for retirement if your company doesn't offer a 401(k)
Not every employer offers a 401(k) retirement account, but there are suitable alternatives.CNBC - Business -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
American Express CEO explains how the company is attracting younger consumers
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.CNBC - Business -
AP WAS THERE: Mexico's 1938 seizure of the oil sector from US companies
Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in a move that’s taught to schoolchildren and celebrated as a great patriotic victoryABC News - World -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
Most Companies Lack Tech Needed to Meet Sustainability Reporting Requirements
Almost nine out of 10 tech and sustainability leaders say they need to adopt better technology, according to a Bain & Co. survey.The Wall Street Journal - World -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Business - Russia -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Top stories - Russia -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business -
Kellanova’s profit falls short of estimates but company strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”MarketWatch - Business -
Train companies make fresh bid for talks ahead of Aslef rail strike
Rail Delivery Group proposes informal discussions to try to end nearly two years of disruptionFinancial Times - World -
Peloton CEO Barry McCarthy Steps Down as Company Cuts 15% of Workers
Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.The New York Times - Business -
Why The Founder of This Fast-Growing Company Takes Off Four Times a Year to Think
Every entrepreneur needs time to really sit down and think; how Allan Njoroge from Actriv Healthcare bakes it into his year.Inc. - Business -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock jumped 9% in initial trades on the New York Stock Exchange on Wednesday.MarketWatch - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.CNBC - Business -
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.The Wall Street Journal - World -
Russia breached chemical weapons ban in Ukraine, U.S. says as it sanctions Chinese companies over war
The United States accused Russia of violating the international chemical weapons ban by deploying the choking agent chloropicrin against Ukrainian troops.NBC News - Top stories - Ukraine -
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”MarketWatch - Business -
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.CNBC - Business -
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”NBC News - Top stories -
Novo Nordisk says starter doses of weight-loss drug surge as company hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after the company boosted supplies to meet insatiable demand.MarketWatch - Business -
Ahead of election, Lyft CEO details company's newest efforts to boost voter turnout
Ahead of the upcoming election in November, Lyft announced a partnership that its CEO said he hopes continues the company's mission to bring more people to the polls.ABC News - Top stories