A group of Amazon delivery drivers hold a labor strike at the DAX7 Amazon Sortation Center in South Gate. The police became involved due to the hold up of Amazon vehicles. Zoe Cranfill | Los Angeles Times | Getty Images Amazon should be considered a “joint employer” of some of its contracted delivery drivers, a … Read more
Vice President Kamala Harris boards Air Force Two at Joint Base Andrews in Maryland, Sept. 4, 2024. Erin Schaff | The New York Times | Via Reuters Vice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income of $1 million or more, lower than the … Read more
Global online shopping platform Temu. Bloomberg | Bloomberg | Getty Images Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of “foreign-owned” e-commerce platforms like Shein and Temu, specifically the alleged sale of “deadly baby and toddler products.” In a letter late Tuesday, CPSC Commissioners Peter Feldman and Douglas … Read more
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot’s debut, designed for businesses looking to integrate Anthropic’s artificial intelligence. The Amazon-backed AI startup, founded by former OpenAI research executives, is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in … Read more
Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain … Read more
Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer … Read more
Anna Barclay | Getty Images Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker’s stock continued to slide ahead of the date when majority-owner Donald Trump can begin selling his stake. The DJT slump, which followed a brief surge in mid-July spurred by the … Read more
Microsoft’s generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record high of $467 on July … Read more
Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. The department’s closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month, off 237,000 from June’s downwardly revised number and … Read more
speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target. Previously one of the more hawkish policymakers, or in favor of tighter policy to … Read more
