President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects. The…
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Business
Kroger and Albertsons are spending billions to reward shareholders after their blocked merger
by adminWithin a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share repurchases to boost their stock prices and…
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The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large chains — among them Costco, Kroger and Total Wine & More — much…
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Star real estate agents Alexander brothers arrested in Miami after sex assault claims
by adminFederal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The brothers were arrested in Miami Wednesday on…
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A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a statement accompanying its quarterly earnings results,…
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Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow through on commitments to help…
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The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a multiyear deal for Under Armour to become its official…
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OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s image-generation AI tool, DALL-E: A user types…
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TikTok says ban would cost U.S. small businesses and creators $1.3B in first month
by adminTikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings in just one month if the popular app…
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AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent
by adminWhen Noah Jackson began his search for a new software engineering job at the start of 2024, there was one quality he knew he wanted in his next employer: office…