The S&P 500 rose 1.97%, its best day since May as it rebounded from a week of dramatic selling, triggered by fears of how the AI boom will change the economy.
Category Archives: business
Uber ordered to pay $8.5 million in trial over driver sex assault claims
A U.S. jury ordered Uber on Thursday to pay $8.5 million after finding it liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver when she was 19, a verdict that could influence thousands of similar cases against the ride-hailing company
Layoff announcements and fewer job openings draw comparisons with 2009
New data on jobs and layoffs this week highlights rising job cuts and lackluster hiring plans.
Crypto crash accelerates as investors flee risky assets
Bitcoin has lost nearly half its value since a high last year, intensifying fears about just how vulnerable crypto can be when investors flee risk.
Wanna bet? Super Bowl gamblers find a way around bans thanks to prediction markets
New “prediction market” platforms like Kalshi and Polymarket are allowing anyone across America to wager on the Super Bowl despite bans on sports betting.
Brad Karp resigns as chairman of law firm Paul Weiss amid Epstein files fallout
Brad Karp, the chairman of the law firm Paul, Weiss, Rifkind, Wharton & Garrison, resigned Wednesday after the most recent batch of Epstein files released by the Justice Department included correspondence between him and Jeffrey Epstein.”Recent reporting has created a distraction and has placed a focus on me that is not in the best interests of the firm,” Karp said in a statement released by the firm, which said his resignation was effective immediately.
Washington Post cuts more than 300 journalists
The Washington Post announced layoffs affecting approximately one-third of its workforce. Semafor media editor Max Tani spoke with NBC News’ Ellison Barber about what this means for the future of the 150-year-old newspaper.
Trump talks Minneapolis, Joe Rogan, the Fed, AI and 2028 in a wide-ranging interview
President Donald Trump said Wednesday that he hopes to push his immigration crackdown into five more cities, previewing an ongoing and growing footprint for federal agents around the country.
Trump says he’ll stay out of the Netflix-Paramount fight over Warner Bros.
President Donald Trump said he plans to stay out of Netflix and Paramount Skydance’s battle over Warner Bros.
Trump administration alleges Nike discriminated against white workers
The EEOC is investigating whether Nike’s mentorship and training programs amounted to discrimination against white workers.