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Business
Global central bank leaders back Fed Chair Powell amid federal investigation
A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal…
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Data center boom powering AI revolution may drain US grids — and wallets
The rapid expansion of artificial intelligence (AI) data centers is raising alarms over how much power and water they consume — and what that could mean for Americans’ utility…
Report reveals which Costco items can pay for the annual membership
A handful of discounted staples can effectively offset the cost of a Costco membership, according to a recent report on the retailer’s biggest savings. The club’s $65 annual…
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Jamie Dimon warns Federal Reserve subpoena 'not a good idea'
JPMorgan Chase CEO Jamie Dimon said Tuesday that Justice Department grand jury subpoenas issued to the Federal Reserve risk undermining the central bank’s independence and…
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Meta cuts over 1,000 jobs in major metaverse retreat
Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metaverse products. "We said last…
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Chipotle clarifies Bill Ackman 'not affiliated' with chain after billionaire's ICE agent donation
Chipotle moved to distance itself from billionaire hedge fund manager Bill Ackman after he donated to a fundraiser aimed at supporting the ICE agent involved in the fatal…