World News
Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term
Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in…
Read More »First the token, now the swipe: NYC’s subway system to stop selling MetroCards
The Metropolitan Transit Authority will stop selling and refilling those formerly-ubiquitous MetroCards by the end of the year in favor of the OMNY system, MTA Chair and CEO Janno Lieber told Crain’s New York Business Wednesday. MetroCards have been around since 1994, but now seem destined to go the way of the subway…
Read More »Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges
The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a “passive income” scheme, which spun up Amazon storefronts on their behalf and promised “insane returns” that were higher than the stock market. The FTC said Tuesday it filed a lawsuit against the…
Read More »AI that can match humans at any task will be here in five to 10 years, Google DeepMind CEO says
LONDON — Artificial intelligence that can match humans at any task is still some way off — but it’s only a matter of time before it becomes a reality, according to the CEO of Google DeepMind. Speaking at a briefing in DeepMind’s London offices on Monday, Demis Hassabis said that he thinks…
Read More »Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay,…
Read More »Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?
Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla. Shares in the once-trillion-dollar company saw their worst day in five years this week. Year to date, Tesla’s stock has plunged 41% — though it is still up by about 36% over…
Read More »Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?
Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla. Shares in the once-trillion-dollar company saw their worst day in five years this week. Year to date, Tesla’s stock has plunged 41% — though it is still up by about 36% over…
Read More »‘RFK’ing the french fries’: Steak ‘n Shake becomes a MAHA darling
Over a double cheeseburger and fries, Robert F. Kennedy Jr. told Fox News host Sean Hannity earlier this month of his plans to improve the country’s health by incentivizing companies to step away from processed foods. From across the red high-top table of a Florida Steak ’n Shake, the health…
Read More »PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion. While soda consumption has broadly fallen over the last two decades in the U.S., prebiotic sodas, fueled by industry newcomers Poppi and Olipop, have won over health-conscious consumers over the last five years. The category’s growth makes…
Read More »Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Almost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more than 50 years, American consumers could count on Southwest Airlines letting them check bags for free. Dallas-based Southwest is ending the policy in May. Customers are not happy. “It was the only reason I flew Southwest,” said MaKensey Kaye Alford, a…
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