Intuit announced it will lay off 1,800 employees as part of an AI-focused reorganization, with plans to rehire at least that many in fiscal 2025.
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Archegos Founder Bill Hwang Found Guilty of Securities Fraud
Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.
Australian State Requires Retailers to Close for Anzac Day, Retailers Slam Decision
The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.
Elon Musk Wins the $500 Million Severance Lawsuit Filed by Terminated Twitter Employees
Elon Musk was held not liable for failing to pay at least $500 million in severance to thousands of Twitter employees he laid off after buying the firm.
Costco to Increase Membership Fees, Marking the First Price Hike in 7 Years
Costco will raise membership fees starting in September, the first in 7 years. A worker pushes carts outside a Costco Wholesale store May 31, 2006 in Mount Prospect, Illinois.
Latest News
CNN's new CEO Mark Thompson initiated his first major restructuring effort by laying off 100 employees, marking a significant move as he attempts to revitalize the struggling cable channel.
The UK Supreme Court's ruling against British Airways on flight delays entitles passengers to compensation for cancellations due to staff illness, potentially benefiting tens of thousands annually.
A newly disclosed state report reveals that raw milk from Raw Farm in Fresno, California, has been linked to the largest salmonella outbreak in a decade, sickening at least 165 people.
A US pharmacy study found that most patients prescribed Wegovy or Ozempic for weight loss discontinue their use within two years.
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Delta Air Lines and startup Riyadh Air have entered into a partnership to connect the US and Saudi Arabia with regularly operated flights.
The Federal Trade Commission (FTC) took a historic step by prohibiting the online messaging platform NGL from catering to users younger than 18.
Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.
Yonge Street Capital co-founder Nathanael Anthony Aikman has been found guilty of fraud charges by a Canadian provincial court for accepting millions of dollars from investors.
