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Judge Says Former ByteDance Executive Lied in Suit Against Company
Dec 13, 2024, 4:42 PM
A judge said this week that a former executive at ByteDance seemed to have fabricated evidence and submitted false statements in a high-profile 2023 lawsuit against the company.
Milei, Musk and Maga: Is Argentina influencing the US?
Dec 13, 2024, 5:33 PM
As Argentina's libertarian President Javier Milei marks one year in office, his policies are keenly observed in the US.
Tim Cook to Dine With Trump at Mar-a-Lago
Dec 13, 2024, 5:27 PM
The chief executive of Apple is the latest in a series of technology executives who are traveling to Florida to meet with the president-elect.
OpenAI Fires Back at Elon Musk’s Lawsuit
Dec 13, 2024, 6:07 PM
The artificial intelligence start-up argues that Mr. Musk is trying to hamstring its business as he builds a rival company.
Tesla stock rides Trump effect to all-time highs
Dec 13, 2024, 4:12 PM
Tesla stock roared to another all-time on Friday, capping off a huge week for the stock and CEO Elon Musk.
Broadcom stock soars as company touts 'massive' AI opportunity
Dec 13, 2024, 4:00 PM
Broadcom stock soared Friday after the company touted its “massive” opportunity in the AI market during a quarterly earnings call the prior evening.
U.S. Court Denies TikTok’s Request to Freeze Sale-or-Ban Law
Dec 13, 2024, 7:36 PM
TikTok had sought to temporarily freeze a law that requires its Chinese parent to sell the app or face a U.S. ban next month. The case may now head to the Supreme Court.
Matilda Djerf's fashion brand faces backlash over bullying claims
Dec 13, 2024, 7:11 PM
Fans are outraged by allegations of body-shaming and a toxic workplace at fashion company Djerf Avenue.
Gerd Heidemann, Journalist Duped by Fake Hitler Diaries, Dies at 93
Dec 13, 2024, 7:04 PM
What was supposed to be the crowning scoop of his career became his downfall when a trove of notebooks he acquired in Germany turned out to be forgeries.
UK 'doesn't have enough builders' for Labour's 1.5m homes
Dec 13, 2024, 7:04 PM
Builders and developers say reforms are needed to recruit more tradespeople to build the homes being promised.
Stock market today: Dow, S&P 500 cap weekly losses, Broadcom surges 24% to top $1 trillion market cap
Dec 13, 2024, 5:50 PM
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.
Charles Handy Dies at 92; Philosopher Envisioned Today’s Corporate World
Dec 13, 2024, 4:46 PM
Joining a pantheon of management thinkers, he embraced a humanistic path for business and foresaw outsourcing, remote work and a gig economy.
UnitedHealth Group CEO argues for health care reform in op-ed
Dec 13, 2024, 3:15 PM
UnitedHealth Group CEO Andrew Witty wrote in an op-ed that the company wants to continue to push for health care industry reforms following the murder of UnitedHealthcare CEO Brian Thompson.
Fee War Kicks Off for One of Wall Street’s Hottest ETF Trades
Dec 13, 2024, 2:11 PM
(Bloomberg) -- Single-stock ETFs have been one of Wall Street’s hottest trades this year thanks to eye-popping returns and billions of dollars in inflows. Now, one issuer is kicking off a fee war in a bid to stand out and attract new cash. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLeverage Shares, which
Why Anthropic’s Claude Is a Hit with Tech Insiders
Dec 13, 2024, 10:27 AM
A.I. insiders are falling for Claude, a chatbot from Anthropic. Is it a passing fad, or a preview of artificial relationships to come?
You don’t need to be a ‘Silicon Valley entrepreneur' to be rich, financial advisor says. Here's how to retire a millionaire
Dec 13, 2024, 2:13 PM
Almost anyone can build a nest egg of $1 million or more, especially if they start saving early.
Bank of America Flagged Suspicious Payments to Epstein Only After He Died
Dec 13, 2024, 12:15 PM
Senate staff members are urging that Bank of America be investigated for the way it reported payments to Jeffrey Epstein, the disgraced financier.
Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy
Dec 13, 2024, 11:54 AM
Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities.
Chipotle's new CEO wants to overhaul its kitchen with robots
Dec 13, 2024, 11:38 AM
How new CEO Scott Boatwright plans to take Chipotle into the next generation.
Elon Musk’s Playbook for DOGE Has a Precedent: X
Dec 13, 2024, 11:34 AM
Mr. Musk is wielding his X account to single out federal employees and agencies for cuts. He has used this method before.
For tap beer, this Anheuser-Busch brand is now tops
Dec 13, 2024, 11:20 AM
There is a new favorite beer on tap. One of Anheuser-Busch InBev's beers nabbed the top spot last month, according to data from Draftline Technologies.
Stock market today: Dow, S&P 500 cap weekly losses, Broadcom surges 24% to top $1 trillion market cap
Dec 13, 2024, 5:50 PM
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.
Holiday Tipping Guide: Whom to Tip, and How Much
Dec 13, 2024, 9:00 AM
Consumers have said they are confused and frustrated with tipping expectations generally. But, one expert says, “people generally want to feel more generous around the holidays.”
The Fed Is Stuck Fighting the Last War
Dec 13, 2024, 9:00 AM
Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.
The Fed can't just be 'data dependent' in 2025 — it needs to be 'policy dependent'
Dec 13, 2024, 6:00 AM
Fed Chair Jay Powell has taken great pains to avoid politics. But with myriad potential government policies that could affect inflation, the central banker will be forced to once again pay attention not just to the data, but to politics and fiscal policy.
Stock market today: Dow, S&P 500 head for losing week, Broadcom surges after earnings
Dec 13, 2024, 9:30 AM
Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.
Elon Musk and DOGE vs. Regulators
Dec 13, 2024, 8:36 AM
The billionaire has needled government agencies, armed with potential influence over their budgets. But some of these organizations are also looking into his interests.
Trump tariffs could intensify US trucking industry slump, experts say
Dec 13, 2024, 6:08 AM
President-elect Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said. The industry that moves everything Americans make and buy is considered an economic bellwether, and will be among the first to signal any unintended consequences of trade policies that Trump says will help, not hurt, U.S. businesses.
A company is manufacturing the world's most iconic cars, but there is a twist
Dec 13, 2024, 6:00 AM
Hedley Studios secured exclusive rights to legally produce scale models of the world's most iconic vintage cars. It's a tremendous challenge and honor, Hedley Studios founder said,
Broadcom Soars Most Since 2020 to Top $1 Trillion Valuation
Dec 13, 2024, 9:43 AM
(Bloomberg) -- Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a $1 trillion market valuation for the first time after predicting a boom in demand for its artificial intelligence chips.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSales of AI products
Comcast and Warner Bros. Discovery Set the Stage for 2025 Deal-Making
Dec 13, 2024, 5:04 AM
Comcast and Warner Bros. Discovery are rearranging their businesses for mergers and acquisitions. Experts say the next year could transform the media industry.
RFK Jr.’s Lawyer Has Asked the FDA to Revoke Polio Vaccine Approval
Dec 13, 2024, 5:03 AM
Aaron Siri, who specializes in vaccine lawsuits, has been at Robert F. Kennedy Jr.’s side reviewing candidates for top jobs at the Department of Health and Human Services.
Andreessen Horowitz, Benchmark and the Transformation of Venture Capital
Dec 13, 2024, 5:00 AM
The opposing paths taken by two powerful firms — Benchmark and Andreessen Horowitz — embody a profound debate about the future of an industry that funds and fosters American innovation.
Christmas party harassment: Woman awarded £36k after complaint
Dec 13, 2024, 1:48 AM
A woman who works for the Human Rights Commission complained about "unwanted physical contact".
Broadcom forecasts Q1 revenue above estimates on strong AI chip demand
Dec 13, 2024, 4:13 AM
(Reuters) -Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years. Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call he expects a revenue opportunity from AI in the range of $60 billion to $90 billion in fiscal 2027. Tan indicated three "hyperscale" customers are likely to deploy millions of AI chip clusters at the time.
Avanti West Coast strike at Christmas suspended
Dec 13, 2024, 4:08 AM
Train managers will vote on a revised offer from the train company in a dispute over working arrangements
Steven Bartlett sharing harmful health misinformation on Diary of CEO podcast
Dec 13, 2024, 12:56 AM
Disproven health claims are accepted with little challenge by host on number one podcast, BBC investigation finds.
UK economy shrinks for the second month in October
Dec 13, 2024, 2:08 AM
The economy had been expected to return to growth but data shows it contracted by 0.1%.
Royal Mail fined £10.5m for missing delivery targets
Dec 13, 2024, 2:11 AM
It is the second year in a row the company has been fined by the regulator for poor delivery performance.
N Korea made millions from remote work scheme, US says
Dec 13, 2024, 12:33 AM
Fourteen North Koreans have been charged with fraud in the US over the long-running conspiracy