Business
New minimum-wage hike threatens to hit California shoppers: ‘Couldn’t have come at a worse time’
Assembly Bill 2646 establishes a minimum hourly wage of $19.75 for covered agricultural workers.
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Kalshi probes shady bets on new White House press secretary: report
Kalshi is probing a series of shady bets about the new White House press secretary, according to a report published hours after Katie Zacharia was named to the high-profile job.
Americans’ debt soars near Great Recession levels, even as wealth levels rise: Fed data
Americans’ debt has soared near levels not seen since the wake of the Great Recession – a cause for concern even as most families have seen their wealth increase and consumer spending has remained strong, according to federal data released…
Here are 10 terms you need to know to understand artificial intelligence
From AGI and recursive self-improvement to p(doom), we’ve got you covered.
Widespread IT woes hit Southwest Airlines, causing long lines and forcing old-school passenger check-in
Southwest Airlines flights were temporarily grounded Friday after a widespread computer outage knocked out the “IT backbone” for a number of major airlines – causing havoc for some fliers.
Walmart’s multibillion-dollar push to replace workers with robots hits snags on dog food, cardboard boxes: report
Walmart expects its spending on automation to peak this year and next, but it also believes the new tech will eventually require fewer warehouse workers, cutting down costs.
Other IPOs on ice as investors await Anthropic’s mega public debut
Wall Street’s market for new stocks has suddenly stalled, but big investors aren’t out of cash, experts say — they are simply hoarding their funds for a historic mega-deal while refusing to overpay for the rest of the pack.
OpenAI rejects researchers’ claim they were fired over safety warnings, says they committed ‘breach of trust’
OpenAI defended its firing of three safety researchers who raised concerns about AI societal threats, saying the trio committed a “significant breach of trust.”
Major retailer opens new high-tech California facility, creating hundreds of jobs
The new 900,000 square-foot facility will allow Walmart to fulfill online orders.
SpaceX takes major step toward offering cell service, putting big telecom on edge
Elon Musk’s SpaceX is moving to get into the cell phone business — scooping up billions of dollars’ worth of spectrum licenses and putting traditional telecom giants on the defensive.
Stock bull market nears 4-year anniversary driven by AI spending — but there are looming risks
As bull markets go, the current one could be classified as middle-aged.
Trump establishes committee to investigate Fed Governor Lisa Cook’s mortgage fraud statements
President Trump has created a “committee of inquiry” to investigate allegations that Federal Reserve Governor Lisa Cook made false statements after the White House accused her of mortgage fraud.
Crypto platform Webull is getting slammed over its alleged China ties
The worry is that the firm collects sensitive customer data on Americans that could be shared with Chinese spies — something the company has steadfastly denied.
Dow soars as tech shares rebound on SpaceX deal, oil prices slip after Trump vows not to strike Iran before midterms
The Nasdaq jumped 0.3% by approximately 10:00 a.m. ET – rebounding from a losing session on Thursday following reports that OpenAI had recorded $50 billion in annualized revenue, far below estimates of a reported $68 billion figure.
Why prediction market execs could face an existential threat in Supreme Court
“It’s now a foregone conclusion that the Supreme Court will rule on this,” said one top industry executive.
Yes, David Zaslav is reaping a massive windfall from the Skydance deal — but he’s not alone
Zaslav, who walks away with about with $1 billion, made sure that the wealth effect of the deal more than trickled down through WBD, and not just among senior executives.
Meta bans social media TikTok ads across the US
Meta has banned advertisements from TikTok’s parent company ByteDance on Facebook and Instagram in the US, Canada, Egypt, Indonesia, Japan, Thailand, and Vietnam.
Trump unveils $2.4B in pledges from tech giants including Nvidia, OpenAI; doubles down on ‘super intelligence’ moniker
President Trump on Thursday announced a $2.4 billion commitment from major tech giants including Nvidia, OpenAI and Anthropic to support federal agencies’ AI-driven scientific research.
Anthropic to users: be nice to Claude AI — new policy bars ‘abusive or cruel behavior’ to tech
Anthropic on Thursday updated its usage policy to bar people from “abusive or cruel behavior” behavior toward its Claude AI – even though it’s not, ya know, actually alive.
Peter Thiel accuses Obama, Pope Leo of AI fearmongering: ‘No ideas’
Billionaire tech investor Peter Thiel reportedly slammed former President Barack Obama and Pope Leo XIV for stoking the public’s fears about artificial intelligence just so they can “boost their own popularity.”
Blue Origin IPO could come in next few years, Jeff Bezos says in wake of rocket disaster
The public listing push follows a May disaster in which one of Bezo’s $150 million rockets exploded into a massive fireball, setting back Blue Origin back in the race to catch up to Elon Musk’s SpaceX.
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