Business news

Business news • Jul 14

What smart people are saying about IBM's AI warning and SaaSpocalypse fears

IBM CEO Arvind Krishna wrote a letter to shareholders about a revenue miss. It's renewing months-old fears about a SaaSpocalypse.

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Business news • Jul 14

Billionaire Warren Buffett stops donations to Bill Gates charity

Billionaire investor Warren Buffett has stopped giving donations to Bill Gates' charitable foundation weeks after the Microsoft co-founder detailed his...

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Business news • Jul 14

Warren Buffett ends $48 billion in Gates Foundation donations to boost his children’s foundations

Buffett is directing his fortune to charitable organizations run by his family instead of the Gates Foundation.

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Business news • Jul 14

Powering up economies, WVU with Pitt and Carnegie Mellon will recharge energy security and resilience with $320M for new technology, AI, infrastructure, and jobs

The Resilient Energy Technology and Infrastructure Consortium, led by West Virginia University in collaboration with the University of Pittsburgh,...

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Business news • Jul 14

Warren Buffet Declines to Donate to Gates Foundation Amid Epstein Revelations

The decision by the Berkshire Hathaway founder comes in the wake of Epstein revelations that have troubled the Gates Foundation.

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Business news • Jul 14

Is United (UAL) Turning Extra-Space Economy Seats Into a Durable Premium-Brand Advantage?

United Airlines announced in the past that its new Airbus A321XLRs will feature an Economy Plus row with extra elbow room, a shared table across an open...

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Business news • Jul 14

Inside South Korea's world-beating bear market

When South Korean President Lee Jae Myung set a 5000-point target for the KOSPI last year, it looked wildly ambitious and needed a market that was going...

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Business news • Jul 14

Meta used AI to target workers with medical conditions for layoffs, lawsuit claims

Twenty-six employees of Meta ‌Platforms have filed a novel lawsuit accusing the tech giant of using AI-powered software that disproportionately targeted...

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Business news • Jul 14

Meta used AI to target workers with medical conditions, lawsuit reportedly alleges

(KRON) — Meta allegedly used artificial intelligence to target people with disabilities or medical conditions for layoffs, according to a lawsuit that was...

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Business news • Jul 14

New Social Security COLA projections released for 2027 adjustment

(NEXSTAR) — A new projection estimates Social Security recipients may still be in line for a modest Cost of Living Adjustment (COLA) later this year,...

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Business news • Jul 14

Oil's Oversupply Narrative Just Died

Renewed U.S.-Iran hostilities have pushed Brent above $85, ending the oversupply narrative and reviving fears of a global oil shortage.

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Business news • Jul 14

Warren Buffett is accelerating his charitable donations with aim to give away Berkshire wealth by 2034

Warren Buffett is speeding up the pace of his annual donations of Berkshire Hathaway shares to four family foundations, giving them a total of almost $6...

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Business news • Jul 14

Warren Buffett drops Gates Foundation from his annual donations

Warren Buffett didn't give anything to the Gates Foundation this year, instead directing nearly $6 billion in shares of Berkshire Hathaway to four...

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Business news • Jul 14

These Volkswagen EVs could soon disappear, including Audi and Porsche models

With plans to slash its lineup by up to 50%, several Volkswagen EVs, including those under the Audi and Porsche brands, may not be around for much longer.

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Business news • Jul 14

JPMorgan notches record quarter as CEO Jamie Dimon calls the banking environment 'close to as good as it gets'

The country's largest bank just raked in more quarterly profit than any US bank ever. JPMorgan Chase (JPM) said profits jumped 41% to $21.2 billion in its...

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Business news • Jul 14

Traders expect Fed to skip July rate hike as inflation cools

July 14 (Reuters) - Federal Reserve ‌policymakers are far more likely to wait to increase interest rates than to do so later this month, traders bet on...

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Business news • Jul 14

An experimental Alzheimer's drug shows promise targeting a different brain protein, new study shows

An experimental drug might help slow early Alzheimer's disease in a markedly different way than current treatments — by lowering the brain's production of a...

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Business news • Jul 14

IBM is on pace for its worst day ever

An extraordinary warning from IBM CEO Arvind Krishna sent shares plunging – on pace for their worst day in the 115-year-old company's history.

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Business news • Jul 14

Inflation cooled off in June as energy prices slid

Growth in consumer prices cooled more than expected in June — albeit from an already high level — as drivers saw some relief at the pump.

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Business news • Jul 14

United Airlines' new upsell: Keeping other travelers out of the middle seat

United Airlines will charge more to customers who want to keep the middle seat open on the roomier seats of its Airbus A321XLR, long-range narrow-body...

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