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MIT-educated brothers charged with stealing $25M in crypto in just 12 seconds
Federal prosecutors called the scheme "novel" and said the case marked the first time that such a fraud had ever been the subject of US criminal charges.
Wall Street banker and former soldier dead at 35 wanted new job over grueling 100-hour work weeks
Leo Lukenas reportedly contacted an executive recruiter about a new job before he died on May 2 of what the medical examiners called an acute coronary artery thrombus.
FDIC Chair Martin Gruenberg apologizes for toxic workplace culture amid calls to resign
Chairman Patrick McHenry argued Gruenberg would not tolerate similar behavior from bank executives at firms his agency oversees.
McDonald's confirms $5 value meals to lure back low-income customers after price hikes
A McDonald's spokesperson told The Wall Street Journal that the $5 offering is part of a strategy to offer nationally advertised value deals.
Neuralink suffered brain-chip issues for years before problem with human implant: report
The company knew from animal testing it had conducted ahead of its US approval last year that the wires might retract, and Neuralink deemed the risk low enough for a redesign not...
Uber launches bus shuttle service, expands Costco tie-up to woo price-conscious users
The initiatives were unveiled at Uber's GO-GET annual event for new products and are meant to maintain growth at the ride-share and delivery giant after a strong 2023.
Red Lobster hired auction company 'very recently' before shutting 50 restaurants, may file for bankruptcy next week: sources
“We’ve never seen as many locations be closed and auctioned off at the same time and we’ve been doing this for 37 years.”
NYT reporters slam executive editor for 'unwillingness to tolerate dissent': report
Executive editor Joe Kahn was recently quoted as saying young people are "less accustomed" to "open debate" and a "robust exchange of views."
GameStop, AMC plunge as 'Roaring Kitty'-led meme stock rally cools off
The two firms had gained more than $11 billion combined in market value since the start of the week.
Billionaire preparing bid for TikTok, aims to make app more transparent
TikTok's parent company ByteDance has already said it does not plan to sell the platform. The Chinese government is also unlikely to approve a sale.
JPMorgan Chase CEO Jamie Dimon warns of ballooning fiscal deficit: 'America has spent a lot of money'
In fiscal year 2024 which began last October, the Biden administration has spent $855.1 billion more than it has collected.
OpenAI chief scientist who helped lead coup against CEO Sam Altman quits
In November, Sutskever joined forces with other board members including Adam D'Angelo, Helen Toner and Tasha McCauley to remove Altman.
Inflation cooled in April to reignite hopes for Fed rate cut -- Dow breaks record
Inflation cooled down in April after a hotter-than-expected start to the year, boosting bets that the Federal Reserve will finally start cutting rates this fall -- and leading to a...
Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes
The Justice Department has determined that Boeing violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft.
TikTok creators sue to block law forcing divestment or ban: 'Part of American life'
Last week, TikTok and its Chinese parent company ByteDance filed a similar lawsuit, arguing that the law violates the US Constitution on a number of grounds.
NYC's cops, firefighters, teachers and city worker pension funds have millions sunk in TikTok parent ByteDance
As TikTok's future in the US remains murky, dozens of venture capitalist firms have invested millions of dollars from US pensions funds – including those of New York's police officers...
Ken Griffin rips Biden for 'incoherent' policy on China tariffs, says Trump would be a strong president
Ken Griffin, an influential Republican donor, also criticized the Biden administration over its energy policy.
McDonald's is getting rid of free drink refills — and more fast-food chains may follow
McDonald's customers are bidding a bitter farewell to free drink refills, one of the latest casualties from the brand already facing an identity crisis over extreme prices.
Google upgrades search engine with ‘AI Overviews’ – risks revenue drain for media companies
Google maintains a 90% market share in search. Its alleged monopoly led to a landmark lawsuit by the federal government against the company.
Mark Zuckerberg appears to celebrate 40th birthday on $300M 'Launchpad' superyacht
Zuckerberg currently ranks as the fourth-richest person in the world with an estimated net worth of $167 billion.