Apple acknowledges that it deliberately slows down some older iPhones as their batteries age. The company sayd its software "throttles" apps and processes, such as Snapchat filters, that require more computing power, in order to keep the phones from unexpectedly shutting down.
Another day., another health scare at Chipotle. The Los Angeles health department is investigating reports that customers got sick after eating at one of the chain's restaurants. Concerns sent Chipotle stock down more than 3 percent on Wednesday.
Some major corporations are already making good on President Trump's promise that corporate tax cuts will help middle-class Americans.
AT&T and Comcast say they will give employees a thousand dollar bonus following the passage of tax reform. Meanwhile, banking giants Wells Fargo and Fifth Third bank saying they'll raise the minimum wage they pay employees once the bill is signed into law.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
