The US has imposed sanctions against a Russian businessman, and three companies based in Russia allegedly used in a scheme to evade US sanctions connected to Russian tycoon Oleg Deripaska.
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Wall Street Records Historic Highs for Stock Market as US Inflation Rate Drops to 3.4%
Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.
Average Gas Price Hits $3.61 per Gallon and Will Keep Rising Despite Inflation Ease
Gasoline prices surged in April, driving up consumer prices, while overall inflation eased; the national average for gas stood at $3.61 per gallon on Wednesday, down $0.02 from the previous month but up by over $0.40 since the start of the year.
Meta Takes Down Workplace App for Businesses to Focus on AI and Metaverse
Meta has decided to shut down its Workplace app to focus on AI and metaverse technologies. This move aligns with CEO Mark Zuckerberg's push for long-term investor patience amidst stock declines triggered by increased AI investment and slower sales growth.
Amazon to Show Ads on Prime Video, Aiming For $3 Billion in Ad Revenue
Amazon is expanding its advertising strategy by introducing ads on its Prime Video streaming service. The company aims to generate $3 billion in revenue and compete with traditional media giants.
Latest News
Samsung is rumored to limit its offering for its Galaxy Z Fold 6 for the summer version of Galaxy Unpacked this year.
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
Former President Donald Trump's Boeing 757 plane reportedly hit a parked corporate jet at West Palm Beach International Airport in Florida.
In an X post, former OpenAI chief scientist Ilya Sutskever left the company to pursue a ‘personally meaningful’ project.
Financial markets have focused on Trump Media & Technology Group, the parent company of Truth Social, and its spectacular stock rise, reflecting investor mood and political dynamics.
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
An Ohio bar has stirred outrage after prohibiting persons under 30 on weekends following a brawl in the establishment.
US small business confidence improved in April, but inflation remains a top concern for owners, according to a new survey.
Global climate database thinktank InfluenceMap has ranked Toyota dead last in climate lobbying and third-worst in EV production in its 2024 report.
