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British regulators have opened a preliminary investigation into Microsoft’s hiring of an AI startup’s key staff over concerns that it could thwart competition in the booming artificial … more
The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide … more
Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development. OSF is the … more
Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of … more
A London judge who found that an Australian computer scientist falsely claimed to be the mysterious creator of the bitcoin cryptocurrency says he will refer the case to British prosecutors for … more
UnitedHealth Group topped second-quarter expectations but stayed cautious on its outlook for the year, as it continued to eat costs from a massive cyberattack to its Change Healthcare business. The … more
Walmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America. Now, the nation’s largest retailer is seizing the back-to-school … more
Hong Kong’s government is testing its own ChatGPT-style tool for its employees, with plans to eventually make it available to the public. The city's innovation minister discussed the project after … more
Amazon Prime Day is here. And experts are reminding consumers to be wary of scams. Deceptions such as phony emails from people impersonating online retailers like Amazon are nothing new. But the … more
In a typical presidential campaign, Donald Trump's selection of J.D. Vance as his running mate on the Republican ticket would have dominated media discussions for a week or two. But it was just one … more
An Israeli drone strike on a car near the Lebanon-Syria border has killed a prominent Syrian businessman who was sanctioned by the United States and had close ties to the government of Syria’s … more
Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is … more
Bolivia’s embattled president has announced the discovery of vast natural gas reserves just north of the capital, describing it as the biggest find in nearly two decades that could help the … more
Goldman Sachs has posted a 150% jump in its second quarter profits. Its bottom line was helped by a resurgence of dealmaking and underwriting that has revived investment banking after the slowdown of … more
At the heart of J.D. Vance’s journey from venture capitalist to vice presidential candidate is a memoir he first thought of in graduate school, “Hillbilly Elegy.” Vance’s bestseller about his … more
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords. That's according to a person familiar with the plan who insisted on anonymity to discuss the … more
Tesla CEO Elon Musk appears to be confirming a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. Musk didn’t give a new date, … more
Tense deliberations over how and if to allow deep sea mining are unfolding in Jamaica as at least one company threatens to apply for permission before rules and regulations are in place. More than … more
The pet rail project of President Andrés Manuel López Obrador could wind up costing as much as $30 billion. The Maya Train is only half finished as he heads into the final two months of his term … more
Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually … more
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