Economy

Illustration of U.S social network Instagram’s logo on a tablet screen. Kirill Kudryavtsev | AFP | Getty images Meta apologized on Thursday and said it had fixed an “error” that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page. “We have fixed an error that […]

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anatolia | Getty Images Salesforce shares fell in extended trading Wednesday on mixed quarterly results and weak guidance. However, the enterprise software giant’s AI business is picking up steam, which should propel the […]

Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions step by step. “The amount of computation necessary to do that reasoning process is 100 times more than what we used to do,” Huang […]

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much of the deflation […]

An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. Etienne Laurent | Reuters Crude oil futures fell on Friday, snapping a four-week winning streak as the recent rally lost momentum. Prices rose earlier in the session after two days of gains, as June consumer inflation eased to around its […]

U.S. President Joe Biden waves at a press conference during NATO’s 75th anniversary summit, in Washington, U.S., July 11, 2024. Nathan Howard | Reuters The reelection campaign of President Joe Biden faced calls by an increasing number of Democrats in Congress to quit the race against former President Donald Trump and allow a new nominee […]

The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is delaying a potential initial public offering until after Labor Day, according to a person familiar with the deal. The online ticketing service had been eyeing a summer IPO, aiming for a valuation of at […]

US House Minority Leader Hakeem Jeffries speaks to press at the White House after a meeting with President Joe Biden and Vice President Kamala Harris on funding the government and avoiding a shutdown in Washington D.C., United States on February 27, 2024. Celal Gunes | Anadolu | Getty Images House Minority Leader Hakeem Jeffries met […]

Budweiser beer in an IGA grocery store in Montreal, Quebec, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Getty Images Shares of the world’s largest brewer Ab Inb. jumped nearly 9% on Wednesday after the company posted better-than-expected fourth-quarter sales despite an annual decline in volumes. The drinks maker, whose brands include Budweiser, Corona and […]

Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings. The mutlinational conglomerate, which […]