Wrestling icon Vince McMahon resigns from WWE parent company after former employee files sex abuse lawsuit
Wrestling icon Vince McMahon resigns from WWE parent company after former employee files sex abuse lawsuit
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Volodymyr Zelensky is used to getting his way when it comes to money. Look at the untold billions US taxpayers have given his country to defeat Russian aggression. Money from the private sector has been much less easy. Witness the chilly reception he received from bankers this past week at the World Economic Forum in…
Apple will open iPhone to alternative app stores, lower fees in Europe to comply with regulations
Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start. The announcement Thursday comes as Apple moves to comply with upcoming European regulations…
Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year…
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was “open to opportunities.” The bidders, Arkhouse Management and Brigade Capital, are seeking to acquire Macy’s stock they do not already own at…
OpenAI CEO Sam Altman shrugs off NY Times copyright lawsuit
OpenAI CEO Sam Altman insisted he’s not concerned about a copyright infringement lawsuit filed by The New York Times alleging that his company has used the newspaper’s content to train its AI models. At the World Economic Forum in Davos, Switzerland, on Thursday, Altman claimed OpenAI was not concerned about a lawsuit brought by The…
Boeing 757 lost nose wheel preparing for takeoff during a very rough stretch for the plane maker
A Boeing 757 jet operated by Delta Air Lines lost a nose wheel while preparing for takeoff from Atlanta, potentially creating more uncertainty around one of the nation’s top manufacturers after a troubling string of incidents involving its planes. Delta Flight 982 — headed to Bogota, Colombia — was taxiing for departure at Hartsfield-Jackson Atlanta…