AMD mulls making AI chip for China
AMD has an opportunity to build AI solutions for customers in China and is working in that direction, company president and CEO Lisa Su said in a company earnings call on Tuesday.
Trump Jan 6 indictment 'shrugged' off by US capital markets in what financial experts consider a 'nonevent'
Experts say former President Donald Trump's Jan. 6 indictment was a "nonevent" for capital markets, and so was the Fitch AAA U.S. downgrade.
Biden administration official blames Trump, Jan. 6 for Fitch AAA US downgrade
An official in President Biden's administration blamed former President Donald Trump and the Jan. 6 riots for the downgrade in the U.S.' credit rating.
Uber shares sink despite first profitable quarter
Uber forecasted third-quarter operating profit above Wall Street’s predictions on expectations of growing travel demand and a return to in-office work, the rideshare company said on Tuesday.
BlackRock, MSCI being investigated by House Select Committee on China
The House of Representatives’ Select Committee on the Chinese Communist Party filed a letter Monday announcing a probe into asset management titan BlackRock.
Mortgage rates increase as home price growth slows
The average 30-year fixed-rate mortgage rate was 6.81% for the week ending July 27, 2023, Freddie Mac reported. That’s an increase from last week’s 6.78% rate. The news comes following the Fed’s decision to increase interest rates again to slow inflation.
Microsoft faces antitrust investigation by European regulators over Teams, Office bundling
Microsoft is under fire from European Union antitrust investigators over the software company’s bundling of its chat and video app Teams with its Office product.
Billionaire Leon Black accused of raping autistic teen in Jeffrey Epstein's home: lawsuit
A new lawsuit accuses former CEO of Apollo Global Management of raping a 16-year-old autistic girl at Jeffrey Epstein's New York City townhome in 2002.
Bitcoin on track to challenge U.S. dollar?
Despite a recent dip, Draper Associates founder Tim Draper says bitcoin is beginning to separate itself from other cryptocurrencies and digital assets.
Biogen to cut 1,000 jobs as focus turns to Alzheimer's drug Leqembi launch
Biogen said on Tuesday it expects to eliminate roughly 1,000 positions in the U.S. to save money ahead of launching a new drug to treat Alzheimer's disease.
US Treasury sanctions Mali’s defense minister, other officials over links to Russian mercenary group Wagner
The U.S. Treasury on Monday sanctioned several Malian defense officials for their alleged ties to Wagner, the Russian mercenary group who staged a short-lived mutiny last month.
American Airlines investigator allegedly tried to blame worker's on-the-job death on suicide: report
Texas police ruled an American Airlines employee who died on the tarmac in April perished due to an accident, not suicide as an airline investigator allegedly suggested.
Michigan man wins nearly $193K lottery after finding missing tickets in car: 'Nowhere to be found'
Greg Escue, a Michigan native, has taken home a lottery jackpot worth nearly $193,000 after he said he lost his winning tickets in his car. He feared they were "nowhere to be found."
American Express reports record spending: ‘We feel really confident’
American Express said on Friday it took in a record $15.1 billion over the second quarter as card members spent more on its credit cards. Its results beat Wall Street estimates.
Want to get your finances in order? Enroll in a personal finance class, seminar or retreat this summer
Knowledge about personal finance can be gained through courses, seminars and retreats. Some of these are free, while others require a fee to attend.
California court rules against Uber, says company must face employee's lawsuit
The California Supreme Court ruled on Monday that Uber Technologies must face a lawsuit claiming it should have covered Uber Eats drivers' work-related expenses.
10 years after filing for bankruptcy, Detroit boasts balanced budget, improved services
It has been 10 years since Kevyn Orr helped the city of Detroit, Michigan, file for bankruptcy. Now the city boasts a balanced budget and improved services.
EU prepares to probe Microsoft for ‘unfair bundling’ of Teams with Office: report
European Union antitrust authorities will reportedly investigate Microsoft to determine if it unfairly bundled its Teams video conferencing app with its Office service.
Here’s why wedding insurance should be on your marriage to-do list
Wedding insurance protects soon-to-be brides and grooms from unforeseen circumstances – like weather and vendor issues – that may arise on the day they tie the knot.
JPMorgan Chase profit jumps, helped by First Republic purchase
JPMorgan Chase said on Friday that the bank’s profits moved 67% higher over the second quarter, as borrowers' interest payments increased from the purchase of First Republic Bank.