A new report said the private sector added 103,000 jobs in November while refinance applications climb as mortgage rates dip. Plus, the FTC is once again looking to block the Microsoft-Activision deal and McDonald's is looking to buy 10,000 new locations by 2027.
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The European Union is escalating its scrutiny of the artificial intelligence industry, including taking a fresh look into Microsoft's OpenAI deal.
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Smart Balls! Cryogenic Recovery! Tech is Changing Soccer at Euro 2024
The world’s most popular sport continues to be impacted by rapidly-developing technologies on display at the European championship.
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Months Before the Election, the Candidates Are Impacting the Economy
Americans won’t go to the polls until November, but election years tend to benefit stocks – and so far, this year is no exception.
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BBTW: Nvidia’s Nvulnerability, Rivian Avoids the Void, and Piracy Is Back!
Our weekly roundup of the biggest stories about the biggest companies in the world's biggest economies.
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Mother Jones Publisher Sues OpenAI and Microsoft For “Exploitation”
Another news organization is suing ChatGPT maker OpenAI and its business partner Microsoft for alleged copyright infringement.
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US Economic Growth for Q1 Revised Up to 1.4%
The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, in a slight upgrade.
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Which Retailers Are Out & Proud... And Which Are Not
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Good News? Your Bank Is Prepared for Economic Disaster
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Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
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