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Business

U.S. economy grew faster over the summer, as consumers keep spending despite high prices

U.S. economy grew faster over the summer, as consumers keep spending despite high prices

U.S. economic growth accelerated over the summer, the government said Thursday in a report showing consumer spending remains strong despite inflation grumbles that challenge President Trump and his Republican Party...

Sam Altman wants MBA grads to use AI to think outside the box in their careers

Sam Altman wants MBA grads to use AI to think outside the box in their careers

OpenAI CEO Sam Altman said business school graduates should become more innovative with their career choices since artificial intelligence is handling menial tasks once handled by people.

Bay Area Detroit-style pizza chain axes Palo Alto shop on car-free road

Bay Area Detroit-style pizza chain axes Palo Alto shop on car-free road

A Detroit-style pizza chain is slicing one of its locations for the first time after just one year.

US economy grows at surprising  3.4% rate, powered by consumer spending, AI investment

US economy grows at surprising 3.4% rate, powered by consumer spending, AI investment

The better-than-expected increase in GDP was in stark contrast to households’ downbeat assessment of the economy.

DoorDash buys Instacart for $17B in massive food delivery merger

DoorDash announced Thursday it is buying Instacart in a $17 billion deal, combining a massive restaurant takeout service with the nation’s top grocery delivery app.

U.S. investigated Chinese spy plot aimed at Nvidia CEO

U.S. investigated Chinese spy plot aimed at Nvidia CEO

A top executive of a Singapore AI cloud company that was accused of illegally selling Nvidia chips to China could also have been a Chinese spy, sources have told the...

Ford’s new electric truck can do more than drive – and it could save owners money

Ford’s new electric truck can do more than drive – and it could save owners money

Ford said its upcoming Fathom electric truck will make bidirectional power more accessible by eliminating the need for a separate wall-mounted inverter to supply electricity to a home.

How CEO Tony Xu Led DoorDash to Delivery Dominance

How CEO Tony Xu Led DoorDash to Delivery Dominance

DoorDash is buying Instacart for $17 billion, adding more grocery delivery to its growing arsenal of services.

Iran says 3 oil tankers struck mines in the Strait of Hormuz

Iran says 3 oil tankers struck mines in the Strait of Hormuz

Iran says three tankers struck mines and exploded while attempting to exit the Strait of Hormuz through an unauthorized route.

DoorDash to Buy Instacart for $17 Billion

DoorDash to Buy Instacart for $17 Billion

DoorDash said the deal values Instacart at $65 a share.

Altria Lifts Earnings Outlook as Profit, Revenue Climb

Altria Lifts Earnings Outlook as Profit, Revenue Climb

The tobacco company posted a third-quarter profit of $2.52 billion, or $1.51 a share, compared with $2.38 billion, or $1.41 a share, a year earlier.

Amazon updates Alexa to help you manage shopping lists and subscriptions and update delivery instructions

Amazon updates Alexa to help you manage shopping lists and subscriptions and update delivery instructions

The update allows you to use Alexa to create lists, register them, see what’s on them, and add or edit items. You can also manage subscriptions.

Alphabet stock plummets as AI spending turns cash flow negative

Alphabet stock plummets as AI spending turns cash flow negative

Google’s parent company, Alphabet, saw its shares fall as much as 13% in early trading Thursday after it missed profit expectations and reported negative free cash flow as artificial intelligence...

SuperMe raises $20M for its network of AI expert profiles

SuperMe is a network of AI profiles built from the knowledge of real-life experts. When you ask a question, the platform determines which experts are best suited to answer and...

New $51M affordable-housing project opens in Henderson

For its first time, the developer set up a program to have people aging out of foster care move in.

DoorDash Agrees to Buy Instacart in $17 Billion Deal to Expand Grocery Delivery

DoorDash Agrees to Buy Instacart in $17 Billion Deal to Expand Grocery Delivery

A person makes a delivery with DoorDash in San Francisco in April 2024. (Illustration by Emily Dulla/Getty Images for DoorDash)

Google faces a $500 billion stock wipeout — one of the biggest-ever market cap drops

Google faces a $500 billion stock wipeout — one of the biggest-ever market cap drops

Alphabet shares plunged by over 13% in early trading, paving the way for Google’s parent company to suffer the second-worst market-cap decline ever.

We live on a ‘family compound’ with my parents and siblings. These 7 things have surprised me most about the arrangement.

We live on a ‘family compound’ with my parents and siblings. These 7 things have surprised me most about the arrangement.

My husband, daughter, and I live in a separate house on my parents’ property. We’ve encountered lots of surprises about our unique living arrangement.

My kids bring home bags of Halloween candy. I let them keep just 5 pieces each.

My kids bring home bags of Halloween candy. I let them keep just 5 pieces each.

I’m a dietitian and mom of 2. I use the Candy Fairy to manage Halloween candy without making my kids feel deprived.

Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt.

Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt.

Amendment 3’s passage could add momentum to other states’ efforts to slash property taxes

Looking for income? These dividend stocks have high yields that seem well supported.

Looking for income? These dividend stocks have high yields that seem well supported.

Ford, Pfizer and Verizon are among 11 stocks that passed a screen of the S&P 500 for high dividend yields that are expected to be well covered by the companies’...

ING Launches Buyback But Flags Job Cuts and Unit Restructuring

ING Launches Buyback But Flags Job Cuts and Unit Restructuring

The Dutch bank launched a new buyback program of $1.84 billion and set out plans to restructure its wholesale banking unit.

Key inflation gauge heats up  thanks to high gas prices — day after Fed hits pause on rate hikes

Key inflation gauge heats up thanks to high gas prices — day after Fed hits pause on rate hikes

Consumer prices rose 3.6% in September from a year earlier, the Commerce Department said, up from 3.4% in August.

Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last with prices still rising.

Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last with prices still rising.

Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work...

Wall Street law firm that handled Enron, Lehman Brothers bankruptcies plans to dissolve after nearly a century

Wall Street law firm that handled Enron, Lehman Brothers bankruptcies plans to dissolve after nearly a century

Major law firm Weil, Gotshal & Manges plans an orderly wind-down after losing top attorneys, with partners expected to vote on the proposal in the coming days.

DoorDash to Buy Instacart for $17 Billion

DoorDash to Buy Instacart for $17 Billion

DoorDash said the deal values Instacart at $65 a share.

Conservative groups warn letting AI giants ‘recklessly crawl the internet’ would jeopardize news outlets, national security: court filing

Conservative groups warn letting AI giants ‘recklessly crawl the internet’ would jeopardize news outlets, national security: court filing

Conservative groups are urging a Manhattan federal court not to allow AI giants to ‘recklessly crawl the internet’ without compensating news outlets and other content providers — warning that it...

Mark Cuban says communities are falling victim to ‘contractual terrorism’ in data center deals

Mark Cuban says communities are falling victim to ‘contractual terrorism’ in data center deals

Mark Cuban said many communities have been “really dumb” in data center deal negotiations, adding they’ve fallen for “contractual terrorism.”

Bluesky blocks links to leaked DHS employee data as government seeks takedowns

Bluesky blocks links to leaked DHS employee data as government seeks takedowns

The social networking site is facing criticism for blocking access to the site, which identifies thousands of ICE agents and other employees working for Homeland Security.

Consumers are spending more, but they’re not getting their money’s worth due to inflation

Consumers are spending more, but they’re not getting their money’s worth due to inflation

Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.