A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images A cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. About 70,000 incidents […]
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Novavax stock jumps after company settles dispute over canceled Covid vaccine purchase
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Shares of Novavax jumped about 20% on Thursday after the company said it will […]
Nearly 1 in 4 Americans with debt are putting less money toward credit card payments: ‘People are really struggling’
Total credit card debt in the U.S. has reached a record high — but people are putting less money toward paying it down. Americans collectively hold $1.13 trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt […]
Nvidia shares pop 15% after AI-fueled bumper earnings
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia shares jumped 15% on Thursday morning, a day after the chip giant posted bumper earnings that beat Wall Street […]
Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% […]
Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. The IRS, with billion of dollars in new funding from Congress, […]
Intuitive Machines stock has surged 300%. How Wall Street reads the moon-fueled rally
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Much like Intuitive Machines’ spacecraft, its stock has been flying to the moon the past week. In a little over a month since hitting all-time lows, and with […]
Economic confidence among small business owners hits highest level since Biden took office
Momo Productions | Digitalvision | Getty Images Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest […]
Novavax to settle dispute over canceled Covid vaccine purchase agreement
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Thursday said it will settle a bitter arbitration dispute with Gavi, a […]
Google pauses Gemini AI image generator after it created inaccurate historical pictures
Betul Abali | Anadolu | Getty Images Google on Thursday announced it is pausing its Gemini artificial intelligence image generation feature after saying it offers “inaccuracies” in historical pictures. Users on social media had been complaining that the AI tool generates images of historical figures — like the U.S. Founding […]