Everyone basically agrees: if you want people to transition from polluting gas guzzlers to electric cars, you have to make them more affordable. The luxury EVs, with their big battery packs and fine leather interiors, are all well and good,…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures were little changed on Sunday as investors gear up for a data-heavy week that includes two closely watched readings on inflation. Futures tied to the…
AI company Anthropic has agreed to settle a lawsuit from authors. The cost: $1.5 billion. A judge still needs to approve the settlement, but lawyers representing the group of authors celebrated the major update in the case. “As best as…
This week, Ford Performance announced a major change to give its image an overhaul. From now on, Ford Performance will be known as Ford Racing, as it continues to venture further into motorsport. In a press release, Will Ford, the…
Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former…
After a disappointing spring and summer, the housing market could start to heat up as fall approaches with the latest plunge in mortgage rates. Bond yields tumbled on Friday as the weaker-than-expected jobs report raised expectations for rate cuts from…
Private jets are a controversial topic, often sparking outrage due to their status as a symbol of growing economic inequality and climate destruction. A recent sighting of Kid Rock’s private jet at an airport in Michigan prompted criticism from a…
Computer scientist and Nobel laureate Geoffrey Hinton predicted artificial intelligence will spark a surge in unemployment and profits as companies replace workers with AI. But it’s not the technology’s fault, he told the Financial Times, attributing it instead to capitalism.…
DES MOINES, Iowa (AP) — A Powerball drawing will be held Saturday for what would be second highest lottery jackpot on record: an estimated $1.8 billion. The prize ballooned after the lottery held more than 40 consecutive drawings without anyone…
The European Commission announced this week that it’s fining Google €2.95 billion (just under $3.5 billion). The commission found that Google had violated European Union antitrust rules by favoring its own advertising services. Specifically, the commission said Google “abused” its…