Business news

Business news • Aug 08

OpenAI to pause some work on AI model Astra due to security concerns | AI (artificial intelligence)

Agent found to be able to find and exploit vulnerabilities without human intervention, and to carry out cyber-attacks.

6 0 0

Business news • Aug 08

Berkshire Hathaway Just Did Something It Hasn’t Done in More Than 3 Years

For three years, Greg Abel sat on one of the largest cash piles in corporate history while the market ran without him. Something just changed, and the new...

4 0 0

Business news • Aug 08

Local $150k winning Powerball ticket still unclaimed

As the Powerball jackpot continues to balloon, three tickets sold recently in Ohio remain unclaimed.

7 0 0

Business news • Aug 08

U.S. Postal Service reports $2.5 billion quarterly loss

The U.S. Postal Service reported a $2.5 billion net loss for the fiscal third quarter, nearly $600 million less of a loss than the same quarter last year,...

7 0 0

Business news • Aug 08

Berkshire accelerates buybacks, lowers cash stake as profit tops forecasts

Investors and ​analysts have been eager to see how Greg Abel's approach to ​managing Berkshire's ⁠capital differs from that of Warren Buffett.

6 0 0

Business news • Aug 08

Buc-ee’s dodges John Oliver to sue another small business

Buc-ee's became something of a viral sensation during the World Cup, but it has a troubling history of suing small gas stations and convenience stores.

5 0 0

Business news • Aug 08

Jewel-Osco food recall: Store recalls fresh salsa products with jalapenos amid salmonella outbreak

Jewel-Osco said its Chefs Kitchen Fresh Salsa and Ready Meals Fresh Salsa have jalapeños that were recalled by Taylor Farms distributor Direct Roots.

4 0 0

Business news • Aug 08

U.S. Declared An Energy Emergency, Then Paid $4 Billion For Less Energy

Trump's administration paid energy firms nearly $4 billion to cancel offshore wind projects during a declared energy emergency. Less power, later, at higher...

5 0 0

Business news • Aug 08

Investigation underway after 1 person dies at Ryobi plant in Shelbyville

SHELBYVILLE, Ind. — An investigation is underway after a person died at a plant in Shelbyville on Friday. According to the Shelby County Coroner's Office,...

5 0 0

Business news • Aug 08

Private Credit Squeezed By Bank Refinancings: Credit Weekly

Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark...

6 0 0

Business news • Aug 08

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

Collateralized loan obligations may become the next big push in the exchange-traded fund industry.

4 0 0

Business news • Aug 08

Rivian's make-or-break R2 midsize EV delivers: Road test

While the R1T and RTS were highly acclaimed, they didn't make money. Rivian needs R2 to succeed not just for its reputation, but for survival.

4 0 0

Business news • Aug 08

Now it’s got real for AI as Demis Hassabis steps down at Google

On a sun-splashed May morning in Mountain View, California, Sir Demis Hassabis, Nobel prizewinner and chief executive of Google DeepMind, waxed lyrical...

3 0 0

Business news • Aug 08

Stock Market Week Ahead: Bullish Signals Amid 'Dirty' Volume

The stock market rides some bullish signals into the coming week, but it required some careful detective work to sort them out.

7 0 0

Business news • Aug 08

Berkshire Hathaway, Under a New CEO, Starts to Spend Its Cash Pile

The conglomerate struck a $6.8 billion deal, repurchased shares and was a net buyer of other stocks while more than doubling quarterly profit.

5 0 0

Business news • Aug 08

Cruise ship helps stranded skiff and crew in Southeast Alaska as Zuckerberg yacht stands by

A small cruise ship operating in Southeast Alaska made an unexpected detour on Monday night to help a 21-foot skiff that ran out of fuel between Petersburg...

5 0 0

Business news • Aug 08

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.

5 0 0

Business news • Aug 08

Cloudflare says humans could become a "rounding error" as bots generate 1,000 times more internet traffic

Crystal ball: Just a couple of months after Cloudflare revealed that bots have officially surpassed human traffic online, the company has given its view on...

6 0 0

Business news • Aug 08

Devs to Anthropic, OpenAI, Cursor, and friends: Make security and privacy the default

Researchers scour social media to measure developer concerns about AI coding tools.

4 0 0

Business news • Aug 08

Greg Abel finally puts Buffett’s cash pile to work

Berkshire Hathaway chief executive Greg Abel ploughed a net $19.8bn into the stock market in the second quarter, ending a more than three-year selling...

6 0 0