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Browsing: Business

Business

Jack Dorsey cuts nearly half of Block workforce amid major AI overhaul

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout...

Business

OpenAI's $110B funding round draws investment from Amazon, Nvidia, SoftBank

OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that sig...

Business

FCC chair warns 'The View' faces 'uphill climb' in equal-time probe

ABC’s "The View" is under Federal Communications Commission (FCC) review after Chairman Brendan Carr said the long-running talk show faces an "uphill...

Business

Netflix follows Warren Buffett's playbook: Don't overpay, walk away

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquir...

Business

eBay cuts 800 jobs across company operations just days after dropping $1.2B on trendy Gen Z fashion app

E-commerce giant eBay announced Thursday it is slashing hundreds of jobs, just days after the company dropped $1.2 billion in cash to acquire a trendy...

Business

Federal judge allows Trump’s $400M White House ballroom to move forward

A federal judge on Thursday denied a legal challenge to President Donald Trump's White House ballroom project, clearing the way for construction on th...

Business

Ford recalls over 4.3 million vehicles due to software issue

Ford is recalling more than 4.3 million pickup trucks and SUVs due to a software issue that could cause trailer brakes not to function.The recall affe...

Business

Netflix backs out of Warner Bros bidding war after Paramount made 'superior' offer

Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior.""The transactio...

Business

FedEx says it will return any tariff refunds to customers, shippers who paid them

FedEx announced Thursday that it will return any tariff refunds it may receive to its customers who paid them as it seeks compensation from the federa...

Business

Netflix backs out of Warner Bros. bidding war after Paramount made 'superior' offer

Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior.""The transactio...

Business

Florida man arrested over alleged $328M crypto Ponzi scheme

A Florida man was arrested on federal charges related to an alleged cryptocurrency "Ponzi scheme" that defrauded investors of at least $328 million.Th...

Business

Ford recalls over 4.3 million vehicles over software issue

Ford is recalling more than 4.3 million pickup trucks and SUVs due to a software issue that could cause trailer brakes not to function.The recall affe...