You might be surprised to learn that wholesale prices didn't jump as high as expected in December. This is good news for those worried about inflation. The Producer Price Index, which tracks changes in what producers pay, only went up by 0. 2% month-to-month and 3. 3% over the year. However, expert
Imagine this: the dollar is taking a dip in the global market. This happened after Bloomberg News stirred some headlines about President Trump's economic team playing with the idea of gradually raising tariffs. Instead of a massive, sudden change, they're thinking about a slow and steady approach.
In the midst of a potential ban on TikTok in the US, China is considering a unique move. They're discussing the possibility of using Elon Musk, the billionaire tech mogul, as a middleman to broker a deal. The goal? Keep TikTok operating in the US without being forced to shut down. This comes just da
A young French AI startup, Bioptimus, has snagged $41 million to build a special AI model for biology. Think of it like a super-smart tool for understanding and predicting biological stuff, from tiny molecules to whole organisms. The challenge? Biological data is sensitive and not easy to get. But B
Daniel Pinto, who has been with JPMorgan Chase for over four decades, will step down as Chief Operating Officer and President in June. He plans to retire by the end of 2026. This move has sparked discussions about succession planning for current CEO Jamie Dimon. Jennifer Piepszak, the co-head of the
Big changes are happening at the Louisville-based Brown-Forman Corporation, one of the largest spirits and wine companies in the U. S. They're closing their barrel-making cooperage, which currently employs around 210 people, by April 25. This is part of a bigger plan to cut jobs globally and restruc
Eli Lilly, a company based in Indianapolis, recently faced a blow when its stock prices dipped. The reason? Their weight-loss drugs, Zepbound and Mounjaro, didn't sell as well as expected. The company predicted they'd make about $13. 5 billion in the December quarter, which is less than what experts
Starbucks has decided to end its open door policy. This means that customers will now need to buy something to use the bathroom or hang out in the cafes. The company is hoping this will improve the experience for paying customers and employees. This change comes after years of allowing everyone to u
Mark Zuckerberg, the head of Meta, has announced that the company will be laying off more employees who aren’t performing well. This move comes as Meta focuses on developing cutting-edge technologies such as AI, augmented reality glasses, and the next generation of social media platforms. Zuckerberg
Jennifer Rubin, a well-known columnist at The Washington Post, has decided to leave the newspaper. She's joining a new startup, but not without some harsh words for the paper's owner, Jeff Bezos. Rubin feels that big media owners like Bezos have let down their readers by trying to play nice with pol
