Business news

Business news • Jul 11

Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn

Phia, the shopping startup founded by Bill Gates' daughter, Phoebe, and her friend Sophia Kianni is under fire for a practice known as “cookie stuffing,”...

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Business news • Jul 11

Global oil demand is dropping, but US drivers keep buying more gas

Global oil demand is set to decline this year for the first time since 2020. The International Energy Agency expects a drop of about 1 million barrels per...

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Business news • Jul 10

Meta appeals landmark jury verdict that found it to blame for social media addiction for young users

Meta, the parent company of Instagram and Facebook, is appealing the verdict of a landmark social media addiction lawsuit in Los Angeles.

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Business news • Jul 10

Meta removes controversial AI feature on Instagram after backlash

"Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way," the company...

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Business news • Jul 10

After performing perfectly through the World Cup, Seattle light rail comes to a grinding halt

Timing, like in comedy and delayed light rail trains, is everything. On the day Sound Transit was set to release updated numbers from Monday's...

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Business news • Jul 10

SK Hynix shares jump in marquee US debut as AI euphoria persists

July 10 (Reuters) - SK Hynix's U.S.-listed shares jumped 14% in their Nasdaq debut following ​its $26.5 billion share sale, the latest indication that...

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Business news • Jul 10

Apple Sues OpenAI, Accusing It of Stealing Company Secrets

Apple accused OpenAI on Friday of stealing secrets about products still in development, setting up a legal face-off between two of the world's biggest tech...

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Business news • Jul 10

Apple accuses OpenAI, and former design star Jony Ive's io Products firm, of stealing hardware trade secrets in blockbuster lawsuit

The lawsuit alleges that two former Apple employees now working at OpenAI stole confidential data including information about unreleased hardware products...

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Business news • Jul 10

Sherrill administration will suspend enforcement of new data law

Gov. Mikie Sherrill's administration is trying to walk back the impact of a new state law that could shut off political campaigns' access to key.

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Business news • Jul 10

Apple Sues OpenAI, Alleging It Stole Trade Secrets

Former Apple employees took confidential information to OpenAI to advance the AI company's device efforts, Apple claims.

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Business news • Jul 10

Mega Millions and Powerball pots roll on into the weekend, jackpot surpasses $1B

The jackpots for the Mega Millions and Powerball lottery games have climbed to a combined estimated $1.06 billion after neither game produced a jackpot...

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Business news • Jul 10

F.C.C. Approves Test of Space Mirror to Light Night Sky Despite Outcry

A start-up company has permission to try its plan to bounce solar rays onto the dark side of Earth, turning night to day for a three-mile-wide patch.

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Business news • Jul 10

Mamdani Announces 'Click-to-Cancel' Rule to Combat Subscription Traps, Junk Fees

In a move proponents say will save constituents up to $162.5 million annually, Mayor Zohran Mamdani and other New York City officials on Friday unveiled a...

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Business news • Jul 10

Mayor Mamdani announces 'Click to Cancel' rule to rid NYC of subscription traps and junk fees

The so-called "Click to Cancel" rule will require businesses to make it as easy for you to cancel your subscription as it was to sign up.

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Business news • Jul 10

Apple Goes for OpenAI's Jugular

If their lawsuit is successful, that ChatGPT device may be no more...

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Business news • Jul 10

SpaceX Joins Nasdaq-100, Giving Many 401(k)s Exposure

Many 401(k) participants now own SpaceX—whether they know it or not—due to it being added to major indexes including the Nasdaq-100.

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Business news • Jul 10

Apple accuses OpenAI of telling recruits to bring Apple prototypes to interviews

Apple sued OpenAI, alleging it instructed Apple recruits to bring confidential prototypes and hardware to job interviews as it built its AI hardware...

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Business news • Jul 10

The AI race is shifting from bigger models to cheaper, smarter systems

Companies are starting to choose AI models by task, cost and control, not just leaderboard rank.

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Business news • Jul 10

Why Is Meta (META) Stock Soaring Today

Shares of social network operator Meta Platforms (NASDAQ:META) jumped 5.2% in the afternoon session after a cluster of AI infrastructure and product news...

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Business news • Jul 10

South Korean Memory Chip Maker’s Historic U.S. Debut Jolts Stocks

Major indexes edged higher on Friday, capping a volatile week.

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