Business

Fed’s Latest Snapshot Shows Steady Growth Amid Sticky Prices and Geopolitical Jitters
The Federal Reserve painted a picture of modest progress this week. Economic activity picked up across most of the country. Yet inflation refused to fade away completely. The...
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Fed’s Williams Declares Inflation Has Crested at 4%. Markets and Colleagues Aren’t So Sure
New York Federal Reserve President John Williams stepped to the podium this week with a message of cautious optimism. Inflation, he declared, appears to have hit its high-wat...
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Job Market Shifts 2026: Why Millions Are Being Laid Off But New Roles Are Emerging
Recent waves of job reductions across major industries have left workers and analysts searching for patterns and predictions about what lies ahead through 2026. Data compiled by...
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Warsh’s Tight-Lipped Turn at the Fed Helm Leaves Markets Guessing
Federal Reserve Chair Kevin Warsh has made policy silence his signature move. Just seven weeks into the job, he faced lawmakers on Capitol Hill this week. He voiced deep frus...
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Musk Brands Altman ‘Scam Altman’ as Feud Erupts Over Space Data Centers and AI Ethics
Elon Musk didn't hold back. On July 11 he took to X and revived an old barb. "Scam Altman," he posted. The target? Sam Altman, chief executive of OpenAI. One day earli...
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Bank of America’s Erica AI Now Handles 1M Daily Conversations with Advanced Financial Tools
Bank of America has steadily expanded its artificial intelligence capabilities over the past decade, and its virtual assistant Erica stands as one of the most visible examples o...
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Xbox Layoffs Ignite Union Fury: Hundreds Protest at Bethesda HQ
Hundreds gathered under a punishing sun in Rockville, Maryland. They held signs that read "Layoffs… layoffs never change." And "Our players deserve better." The crowd formed...
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Fed Governor Lisa Cook Warns of Rate Hikes as Inflation Risks Eclipse Job Concerns
Federal Reserve Governor Lisa Cook delivered a pointed message on July 15. She stands ready to push interest rates higher. The reason? Persistent price pressures that refuse...
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Workday Settles Retaliation Suit With Ex-Engineer After Claims of Bias and HR Backlash
A federal judge signed off on the end of a contentious employment dispute this month. Workday and a former software engineer reached an agreement to dismiss her claims of gen...
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Chipotle COO’s Weekly Dinners Reveal Next Leaders in a High-Turnover Industry
Jason Kidd scans the room. Three or four Chipotle crew members sit across from him at a local restaurant table. The conversation flows easily over burritos and chips. Yet eve...
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Elon Musk’s Million-Dollar Checks Face Wisconsin Prosecutors’ Scrutiny
WISCONSIN ELECTION OFFICIALS just handed prosecutors a clear signal. Elon Musk likely broke state law. The bipartisan Wisconsin Elections Commission voted 5-1 to refer two co...
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Meta Sued for Mass Layoffs While Shifting Resources to AI Development
Meta has faced a lawsuit from two former employees who claim the company improperly laid them off while directing resources toward artificial intelligence development. The compl...
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Bank of America Spots Dot-Com Echo in AI Stocks as Volatility Split Widens
Stocks face fresh danger. Bank of America sees it clearly. A widening gap between individual company price swings and overall market calm mirrors conditions right before the...
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IBM’s Stunning Q2 Warning: How AI Spending and Supply Shifts Exposed Vulnerabilities in Big Blue’s Core Businesses
IBM shares plunged more than 20% on Tuesday. The reaction came after the company issued preliminary second-quarter results that fell short of Wall Street forecasts. Revenue r...
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Why Tech’s Proven Winners Are Clocking In Again at AI’s Frontier
Tom Blomfield built two fintech unicorns. He spent years guiding the next batch of founders at Y Combinator. Now he reports for duty as a rank-and-file engineer at Anthropic....
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