Business news

Business news • Apr 13

LinkedIn is quietly testing a new AI job marketplace where workers can earn up to $150 an hour

LinkedIn is launching an AI labor marketplace, offering up to $150 an hour for AI training, challenging startups like Mercor and Surge AI.

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Business news • Apr 13

Stanford report highlights growing disconnect between AI insiders and everyone else

Stanford's latest AI Index shows a widening gap between experts and the public, with rising anxiety over jobs, healthcare, and the economy.

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Business news • Apr 13

Meta warned by dozens of organizations that facial recognition on its smart glasses would empower predators

Dozens of civil rights organizations have written a letter to Meta CEO Mark Zuckerberg to warn of the dangers in bringing facial recognition technology to...

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Business news • Apr 13

LVMH Moët Hennessy Q1 revenue slips 6% as Middle East conflict weighs on luxury sales (LVMHF:OTCMKTS)

Shares of LVMH Moët Hennessy Louis Vuitton (LVMHF) (LVMUY) are trading defensively on Monday as first quarter sales data showed declines in all segments on...

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Business news • Apr 13

Revolution Medicines Stock Is Soaring 39%. Here’s Why.

Revolution Medicines stock soared after the company announces positive Phase 3 clinical trial results for its pancreatic cancer treatment.

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Business news • Apr 13

What A Mess: Lufthansa Pilots & Flight Attendants Stage Back-To-Back Strikes

Lufthansa pilots and flight attendants are staging back-to-back strikes, so the airline will shut down for four consecutive days.

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Business news • Apr 13

Louis Vuitton Owner Misses Revenue Views as Middle East War Dims Rebound Hopes

LVMH made revenue of $22.42 billion for the first three months of the year.

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Business news • Apr 13

IBM folds to Trump anti-DEI push, admits no misconduct but pays $17M penalty

IBM agreed to pay $17 million to the US government to resolve the Trump administration's claim that the firm's diversity, equity, and inclusion (DEI)...

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Business news • Apr 13

LVMH reports sales hit from Iran war in blow to hopes for luxury revival

French luxury giant LVMH said the Iran war shaved at least 1% off its total group ​sales in the last quarter due to lower spending in the Gulf region,...

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Business news • Apr 13

“Force Multiplier”: Microsoft Stock (NASDAQ:MSFT) Jumps as It Calls Out AI in Cyberattacks

First, tech giant Microsoft ($MSFT) was frantically trying to shoehorn artificial intelligence (AI) into just about everything it made.

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Business news • Apr 13

US existing home sales hit nine-month low in March, rising mortgage rates cloud outlook

WASHINGTON, April 13 (Reuters) - U.S. existing home sales fell to a nine-month low in March amid tight inventory and growing concerns over the labor market,...

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Business news • Apr 13

LVMH sales hit as Middle East conflict delays luxury recovery

The conflict in the Middle East hit sales at LVMH in the first quarter, as shoppers and tourists in the region curbed their spending, denting hopes of a...

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Business news • Apr 13

SaaS Stocks Try To Recover — 'Software Empire Strikes Back'

SaaS stocks are trying to stage a modest rebound after a rough stretch. Jim Cramer said the "software empire" attempts to strike back.

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Business news • Apr 13

Meta Is Warned That Facial Recognition Glasses Will Arm Sexual Predators

More than 70 organizations, including the ACLU, EPIC, and Fight for the Future, say the AI smart glasses feature would endanger abuse victims, immigrants,...

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Business news • Apr 13

LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.

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Business news • Apr 13

LVMH Sales Suffer After Middle East War Weighs on Vuitton Demand

Sales at LVMH's biggest division fell at the start of this year as the war in the Middle East crimped demand for Louis Vuitton and Dior products.

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Business news • Apr 13

Revolution Medicines' experimental cancer pill boosts survival in late-stage study

Revolution Medicines' experimental oral drug ‌helped patients with pancreatic cancer live nearly twice as long as those treated with chemotherapy in a...

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Business news • Apr 13

Conagra Hires John Brase to Replace Sean Connolly as President, CEO

Conagra says its board determined that Connolly will no longer serve as president and CEO as of May 31 and will also leave the board.

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Business news • Apr 13

Delta unveils new suite design, posh plane; plans upgrade for old, dated cabins

Delta Air Lines has announced that a next-generation Delta One product is coming to its newest plane next year. Retrofits are also in the works for its...

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Business news • Apr 13

Middle East oil production plunges due to Iran war, OPEC data shows

Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC's monthly report.

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