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Apple sued by shareholders who allege it overstated AI progress

Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it…
Investing

Walmart to pay $10 million to settle lawsuit over money transfer fraud

Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring…
Investing

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing…
Investing

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran….
Investing

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said Apple’s folding…
Investing

Nike pushes back Skims launch with Kim Kardashian due to production delays

Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will…
Investing

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions…
Investing

Amazon expects to cut corporate jobs as it relies more on AI

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency…
Investing

Streaming overtakes cable and broadcast as the most-watched form of TV

A new king reigns in TV land. Streaming has officially surpassed broadcast and cable as a share of total television viewing, according…
Investing

Kraft Heinz to remove artificial dyes from U.S. products by end of 2027

Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not…
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