Business

Tom Petty's former Malibu home has hit the market for just over $15 million.The listing, which is held by Nourmand & Associates, says the property spans 2.6 acres in a four-home Malibu enclave above Escondido Beach and Paradise Cove.The primary residence, which Petty lived in prior to his death in 2017, has seven bedrooms, 10 bathrooms and spans nearly 8,000 square feet.Petty's former music studio, which was created from a […]

Voters are expressing more optimism about artificial intelligence than they did two years ago, but many are still skeptical. However, tech companies are pushing forward with the latest artificial intelligence technology.OpenAI's ChatGPT has more than 800 million weekly active users. According to the platform, large language models or LLMs are used for a wide variety of tasks like business, education, software development and content creation.Before many of the chatbots we […]

It wasn’t the Hamburglar this time.On July 6, several unidentified suspects entered a McDonald’s restaurant in Pennsylvania and brazenly walked out with the fast-food eatery’s iconic Ronald McDonald bench statue."RONALD MCDONALD IS MISSING!" the Nesquehoning Police Department announced in a Facebook post featuring the suspects caught on camera apparently kidnapping the beloved clown. "We’re not clowning around. This was a full-blown McNapping."MCDONALD'S SNACK WRAP RETURNS TO MIXED REVIEWS AFTER 9-YEAR […]

The wife of Lufthansa airlines CEO Carsten Spohr is accused of running down a babysitter while on vacation on an Italian island before flying home to Germany while under investigation for vehicular homicide, according to reports.Vivian Alexandra Spohr, 51, was driving a BMW X5 Tuesday when she struck Gaia Costa, 24, at a crosswalk in the upscale Italian resort town of Porto Cervo in Sardinia, according to Corriere News.Spohr allegedly […]

Recruit Holdings is eliminating about 1,300 jobs at Indeed and Glassdoor through layoffs.The Japan-based parent company announced the layoffs at the two websites Thursday, saying the move will trim the workforce of its HR technology segment by roughly 6%.Recruit Holdings and Indeed CEO Hisayuki Idekoba said in an email to employees that the company "must adapt by ensuring our product delivers truly great experiences for jobseekers and employers" as artificial […]

There are any number of rumors that Jay Powell is being forced to resign. President Donald Trump, of course, is on his case daily for not dropping interest rates in line with low inflation.Just a few moments ago, William Pulte, head of the Federal Housing Finance Agency that regulates Fannie Mae and Freddie Mac and oversees the eleven federal home loan banks, issued a statement, saying: "I'm encouraged by reports […]

Real estate agents are reporting a surge in wealthy New Yorkers heading south after Zohran Mamdani's historic win in the city's mayoral primary. Mamdani, a far-left assembly member from Queens, ran on a campaign pushing progressive policies like a citywide rent freeze, taxpayer-funded childcare and "fast and free" public buses. It garnered him 565,639 votes. However, the city's wealthy, including business owners, are concerned about the financial effects of some of […]

President Donald Trump is slated to meet energy and tech titans in Pennsylvania next week as the state seeks to leverage growing national demand for energy and artificial intelligence.Pennsylvania Republican Sen. Dave McCormick's inaugural Energy and Innovation Summit in Pittsburgh will convene on Tuesday. Carnegie Mellon University — a bellwether in computer science, artificial intelligence and robotics engineering — will host the forum.Trump has made energy dominance and the race […]

A Trump administration official is demanding answers from Federal Reserve Chair Jerome Powell over the central bank's renovations project amid the president's pressure on the Fed chair to cut interest rates.Office of Management and Budget (OMB) Director Russell Vought sent a letter to Powell on Thursday saying that President Donald Trump is "extremely troubled by your management of the Federal Reserve System."Vought wrote that the Fed has "plowed ahead with an ostentatious […]