Business

Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve's target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% on a monthly basis in January and trended down to 2.4% on a year-over-year basis. That […]

Federal regulators said nearly 23,000 pounds of raw ground beef are being recalled over potential E. coli contamination.The U.S. Department of Agriculture (USDA) announced the Class1 recall Wednesday, warning that the product poses a high risk of causing "serious, adverse health consequences or death."The affected packages were produced on Jan. 14 by Idaho-based CS Beef Packers and were shipped to distributors in California, Idaho and Oregon.Officials said the products were intended for […]

Russia has blocked the U.S.-based messaging app WhatsApp, the Kremlin announced Thursday, claiming the Meta-owned company failed to comply with local laws.The move follows six months of pressure on WhatsApp and comes after Meta-owned Facebook and Instagram were banned in Russia in 2022 following Moscow’s invasion of Ukraine."Due to Meta's unwillingness to comply with Russian law, such a decision was indeed taken and implemented," Kremlin spokesperson Dmitry Peskov told reporters.RUSSIAN […]

President Donald Trump fired Gail Slater, his top antitrust enforcer, on Thursday over concerns she was failing to aggressively pursue his affordability agenda, according to multiple sources.Slater announced her departure on X on Thursday, saying she was leaving with "great sadness and abiding hope" and that it was the "honor of a lifetime to serve" in her role. But her ouster was unsurprising to those familiar with the antitrust division.Slater, […]

After years of controversies and tepid results at the box office, Disney’s 2025 live-action "Snow White" remake has reportedly netted an approximately $170 million loss.Forbes reported on Tuesday that filings indicate the recent controversial live-action "Snow White" remake cost a whopping $336.5 million, yet met with low returns after years of controversy.The outlet explained that this can be discerned thanks to the fact the movie was filmed in the United Kingdom. […]

Elon Musk on Thursday slammed Anthropic, accusing the artificial intelligence (AI) company's models of being "misanthropic and evil."Musk's comments came in response to a post on X in which Anthropic — led by CEO and co-founder Dario Amodei and best known for its Claude family of large language models — announced it had closed a $30 billion funding round at a $380 billion post-money valuation. In his reply, which drew at […]

Budget-conscious Americans are returning to McDonald’s as the fast-food giant doubles down on value meals, discounted bundles and limited-time promotions aimed at stretching diners’ dollars.The strategy appears to be working as U.S. sales rose 6.8% in the fourth quarter – the biggest jump in about two years – and lower-priced offers and aggressive promotions drove traffic back into restaurants. Analysts had expected a smaller 4.9% gain.McDonald's CEO Chris Kempczinski said […]

Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms.Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is a public backing of Zuckerberg’s pivot from the "Metaverse" to superintelligence, with Meta as the beneficiary of AI integration.Pershing Square started […]

The National Labor Relations Board (NLRB) is reportedly giving up on a multi-year legal fight with Elon Musk's SpaceX and signaled it will refrain from bringing cases against the company in the future.Bloomberg News reported on Monday, citing a letter from the board, that it would dismiss a case brought against SpaceX two years ago after the company fired eight engineers who were involved in an open letter that was […]