Economy

Aravind Srinivas, chief executive officer Perplexity AI, during a news conference at the SK Telecom Co. headquarters in Seoul, South Korea, on Wednesday, Sept.4, 2024. SeongJoon Cho | Bloomberg | Getty Images Perplexity AI on Thursday announced that its artificial intelligence-powered web browser Comet is available worldwide, and will be free to users. The Comet […]

President Donald Trump on Thursday said Democrats have given him an “unprecedented opportunity” to slash federal agencies, signaling plans to harm his political opponents during the 2-day-old government shutdown while blaming them for causing it. Trump’s warning came a day after his administration froze about $18 billion for two major infrastructure projects in New York […]

Fair Isaac the creator of the FICO score, saw shares rally more than 20% on Thursday after it unveiled a new pricing model that will allow mortgage lenders to bypass credit bureaus for credit scores. The Montana-based data analytics company said it would license its credit scores directly to mortgage resellers who can then distribute […]

BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan ($160,000).CNBC | Evelyn ChengSHANGHAI — Fully autonomous driving is “basically impossible” and the technology would be better applied to manufacturing, according to Chinese battery and electric car company BYD.Many electric car and tech companies are working on… […]

Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr.a prominent vaccine skeptic, to lead the Department of Health and Human Services. The stocks fell in the final hour of trading as reports emerged about Trump’s […]

A worker delivers Amazon packages in San Francisco on Oct. 24, 2024. David Paul Morris | Bloomberg | Getty Images Amazon on Thursday announced Prime members can access new fixed pricing for treatment of conditions like erectile dysfunction and men’s hair loss, its latest effort to compete with other direct-to-consumer marketplaces such as Hims & […]

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy’s effort to rein in costs, the company confirmed.Paul Kotas, Amazon’s senior vice president of advertising,… […]

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech […]

Multiple Republican senators gave a chilly reception to President-elect Donald Trump’s selection of Matt Gaetz for U.S. attorney general, putting the former Florida congressman’s odds of being confirmed by the Senate in question. The surprise announcement Wednesday, and Gaetz’s swift resignation from Congress, also drew attention to a House Ethics Committee probe into allegations that […]

The new Wynn Casino and Lisboa Casino in Macao, China. Bob Henry | Universal Images Group | Getty Images Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the U.S. Securities and Exchange Commission. The filing indicates a passive position, though multiple people familiar with the […]