Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
U.S. Retail Sales Fall in January as Consumers Pull Back
U.S. retail sales unexpectedly declined 0.2% in January, marking the biggest drop since May as weak consumer confidence and severe winter weather affect sales.
U.S. Jobs Report Shows February Payroll Decline
The U.S. economy lost 92,000 jobs in February, worse than expectations, as severe winter weather and a major health care strike contributed to payroll declines.
Meet One of the World’s Best Chess Players. She’s 14 Years Old
International Master Alice Lee defeated grandmaster Irina Krush to win the American Cup – becoming one of the best women players in the world in the process – but she’s not stopping there.
A.I.-Powered ‘Smart Headphones’ Will Leave Your AirPods in the Dust
You can track your sleep habits or heart rate, but how about your brain? Neurable's MW75-Neuro headphones turn your focus and productivity into data you can use to avoid burnout – here's how they do it.
Yes, the Economy Could *Still* Pull Off a Soft Landing
Inflation continues to tick slightly higher – but look beyond the ‘Magnificent Seven’ and you’ll see there are plenty of companies still doing well.
March Madness: Inflation Rate Surges to a 6-Month High
The Bureau of Labor Statistics released the much anticipated March Consumer Price Index on Wednesday morning. And, uh, it doesn't look great.
How Businesses Can Best Protect Themselves from Deepfakes
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Will the U.S. Ban TikTok? Chinese-American Diplomacy Holds the Answer
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Revolutionizing Retail: Cust2Mate's Smart Carts Enhance Security and Shopping Experience
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
Spirit Airlines Defers Airbus Orders, Furloughs Pilots
Spirit Airlines will defer the delivery of some airbus planes in order to boost the company's cash reserves. The planes, originally set to be delivered in 2025 and 2026, will now be delivered between 2030 and 2031. The company says this will increase liquidity by $340 million dollars. Spirit will also receive between $150 million and $200 million dollars in monthly payments to compensate for faulty planes due to an engine recall.
