Tag: business news

Anastasiia Krivenok | Moment | Getty ImagesOnline spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to ...

Binance CEO Changpeng Zhao pleads guilty to federal charges, steps down

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Binance chief Changpeng Zhao pleaded guilty Tuesday to criminal charges and stepped down as the company's CEO as part of ...

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

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Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at ...

Some OpenAI customers are thinking about switching to rivals amid chaos

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Jaap Arriens | Nurphoto | Getty ImagesWhen there was a companywide protest at OpenAI after its CEO Sam Altman was ...

Small music venues fight to keep prices affordable as inflation eats into profits

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Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. ...

Why cautious investors may want to look beyond high-yield savings accounts

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Cautious investors piling into cash may want to consider other options.According to SPDR Exchange Traded Funds' Matthew Bartolini, active management ...

A growing number of tech execs think AI is giving Big Tech ‘inordinate’ power

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Tech execs have voiced concern that the development of artificial intelligence is concentrated in the hands of too few companies, ...

China’s Alibaba shakes up cloud unit management after scrapping the division’s IPO

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The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba has begun an overhaul of its cloud ...

China’s property sector needs more government support as crisis deepens

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Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China.Qilai Shen | Bloomberg | Getty ImagesBEIJING — ...

Nvidia shares close down on report it delays China AI chip designed to comply with U.S. export rules

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