A new report found older adults from a Pennsylvania retirement community in the heart of Amish country are just as interested in new technologies as anyone else. Speaking with members of the 2,600-person Willow Valley Communities campus in Lancaster, The Wall Street Journal reported that people there are focused on […]
FOX Business News
GM says 5,000 workers accepting buyouts expected to cost $1 billion in first quarter
A General Motors executive announced Tuesday that roughly 5,000 salaried GM employees accepted buyouts that will probably cost the company about $1 billion in the first quarter of this year. GM offered the buyouts through a program announced last month to cut costs and avoid broader layoffs, as GM looks […]
China’s new tech weapon: Dragging its feet on global merger approvals
The U.S. encouraged China to set up a robust antitrust regime. Now, Beijing is holding back its required green light for mergers that involve American companies as a technology war with Washington intensifies. Chinese regulators recently have slowed down their merger reviews of a number of proposed acquisitions by U.S. […]
Billionaires Bezos, Musk slide in Forbes World’s Richest list
Amazon founder Jeff Bezos and Tesla CEO Elon Musk reportedly both saw their net worths decrease by tens of billions of dollars, causing their rankings on Forbes’ yearly list of the world’s richest people to slide by one spot in 2023. The world has a total of 2,640 billionaires, 25 […]
IRS to unveil $80B spending plan this week, Yellen says
The Internal Revenue Service will release its long-awaited spending plan for $80 billion in new funding this week, according to Treasury Secretary Janet Yellen. Yellen said Tuesday that the tax-collecting agency will outline its spending initiatives in greater detail with the release of its strategic operating plan later this week. […]
Gold nears record on weaker economic data
The price of gold is one step closer to the record futures closing price of $2,069.40 per troy ounce set in 2020 after U.S. government data showed a decrease in job openings and factory orders, further weakening the U.S. dollar and Treasury yields. Comex Gold for April delivery gained $38.30 per […]
Expedia rolls out ChatGPT-powered travel planning feature in app
Expedia Group is further embracing the use of artificial intelligence tools in travel planning for customers, announcing Tuesday the rollout of a new ChatGPT-powered trip-planning feature in its mobile app. The company, which touts on its website that it already uses AI to make over 600 billion predictions annually, announced […]
Prepare for gas price bumps at the pump in ‘the next few days,’ GasBuddy analyst warns
After OPEC members announced surprise production cuts in its oil outputs just before the busy summer travel season, one GasBuddy analyst warned American drivers could see a gas price spike within “the next few days.” “I think it’s just within a matter of the next few days, we’ll start to […]
Apple CEO Tim Cook explains why he met with Donald Trump, Elon Musk
To anyone surprised by Tim Cook dining with former President Trump at the White House or meeting with Twitter CEO Elon Musk despite perceived differences of opinion, the longtime Apple CEO has offered an explanation — and it comes down to his “philosophy.” In an interview published Monday by GQ, Cook […]
Job openings tumble in February to lowest level in 2 years
U.S. job openings tumbled in February to the lowest level in nearly two years, an early sign the Federal Reserve’s aggressive interest-rate hike campaign is beginning to cool the labor market. The Labor Department said Tuesday that there were 9.9 million job openings in February, a decline from the downwardly […]