Business

[ad_1] Republican presidential candidate Ron DeSantis is refusing to condemn Elon Musk ‘s post endorsing an antisemitic conspiracy theory, maintaining Sunday that he wasn’t familiar with the post despite it prompting major companies to pull advertising from the billionaire’s X social media platform. “I did not see the comment,” DeSantis, the governor of Florida, said on CNN’s “State of the Union.” “And so, I know that…

[ad_1] OpenAI just underwent an abrupt, dramatic leadership shakeup. A key figure at the center of the turmoil is also a big reason that Tesla CEO Elon Musk is no longer friends with Google cofounder and former CEO Larry Page.  On Friday, OpenAI announced that cofounder and CEO Sam Altman had been fired by the board of directors, and that…

[ad_1] Investors were given plenty of opportunities to fret about the outlook for technology giants this earnings season. Instead, they doubled down on a strategy that has worked all year: piling into the biggest stocks. That buying spree has fueled an abrupt U-turn in the Nasdaq 100 Stock Index that went from correction territory to a 15-month high in a matter of…

[ad_1] Why we like this card: The Credit One Bank Amex card offers a modest 1% back on all eligible purchases to cardholders—even those with less-than-stellar credit scores. Plus, you’ll get the perks of being an Amex cardholder. Pros Available to cardholders with average credit scores  Access to Amex offers, travel perks, and entertainment deals Cons $39 annual fee Rewards…

[ad_1] After months and months of stubborn inflation crushing the mood of investors and consumers alike, government data show prices may finally be stabilizing. Wholesale prices fell sharply in October, their largest monthly decline since COVID-19 forced travel restrictions and business closures in April 2020.  Wall Street was quick to celebrate the news, with many arguing it’s another sign that…

[ad_1] New York City Mayor Eric Adams kept a busy public schedule Monday, but sidestepped questions about the FBI investigation that prompted agents to seize his phones and raid the home of his chief campaign fundraiser. Speaking at Manhattan helipad where an air taxi company was demonstrating electric aircraft, Adams laughed, then walked away, when a reporter asked whether anyone…

[ad_1] PepsiCo is on course to take over as the biggest US beverage company by market value, supplanting rival Coca-Cola, which has held the spot largely uninterrupted for the better part of two decades. That’s according to Wall Street analysts including Kaumil Gajrawala at Jefferies, who has initiated coverage of PepsiCo with a buy rating, calling it the sector’s “most…

[ad_1] Consumers gearing up to buy the latest imported appliances, clothes or electronic gadgets this holiday season might want to spare a thought for the companies that will struggle to make money for the next few years hauling products across the ocean. That’s because the container shipping industry, cast as the Grinch that spoiled Christmas over the past two years with…

[ad_1] Novo Nordisk A/S unveiled details from a closely watched study that support use of Wegovy, its blockbuster weight-loss drug, to cut heart attacks and strokes in obesity patients with a history of cardiovascular disease. People taking the highest dose of Wegovy saw a drop in blood sugar levels and inflammation — two harbingers of heart disease — that help explain…

[ad_1] The White House has said for weeks that it anticipated Biden and Xi would meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, but negotiations went down to the eve of the gathering, which kicks off Saturday. White House press secretary Karine Jean-Pierre said in a statement the leaders would discuss the “continued importance of…