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Categories Business

Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

Author January 28, 2025

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus

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Categories Business

DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

Author January 28, 2025

DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will

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Categories Business

Government workers dismayed by Trump’s return-to-office mandate

Author January 27, 2025

When the Trump administration announced a return-to-office mandate this week, it stated Americans “deserve the highest-quality service from people who love our

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Categories Business

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Author January 27, 2025

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed

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Categories Business

Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

Author January 25, 2025

Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release two

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Categories Business

American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

Author January 25, 2025

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped

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Categories Business

Target rolls back DEI initiatives, the latest big company to retreat

Author January 25, 2025

Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise

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Categories Business

Elon Musk and Sam Altman spar over Trump’s Stargate AI investment announcement

Author January 25, 2025

A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in

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Categories Business

UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

Author January 24, 2025

UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in

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Categories Business

Store closures hit highest level since pandemic — see who’s shutting down the most locations

Author January 24, 2025

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to

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