Paramount Global cuts 25% of staff, shuts down MTV News: report
Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic...
Fox tops profit predictions as revenue rose nearly 20% in Q3
Fox Corp. bested estimates for third-quarter revenue and adjusted profit due to a huge boost from the Super Bowl and advertising-supported streaming service Tubi, the...
Consumer Price Index rose 4.9% in April as Fed weighs more rate hikes
The pace of inflation eased slightly last month, but still remained high as the Federal Reserve weighs whether to continue hiking interest rates to bring...
AI will create a ‘serious number of losers’ in job market, DeepMind co-founder warns
The rise of advanced artificial intelligence will upend the white-collar job market and result in a large number of “very unhappy” workers who will be...
Dating app launching this month will have users chatting with AI bots
A new dating app uses artificial intelligence to create chatbots that mimic users’ interests and personalities — a feature meant to reduce “ghosting” by handling...
Anheuser-Busch stock downgraded over Bud Light ‘crisis’
The stock of Bud Light parent company Anheuser-Busch has been downgraded by analysts at HSBC who say the brand is in the midst of a...
Elon Musk makes a surprising offer to ex-CNN host Don Lemon
Elon Musk invited Don Lemon — who last month was fired from CNN following a string of gaffes as co-host of “CNN This Morning” —...
Wells Fargo VP Carl Nelson ‘invited subordinate to exercise and shower with him’: lawsuit
A former Wells Fargo executive gave unwanted massages to a female subordinate because she “looked tense,” invited her to his house to “exercise and shower...
Carl Icahn’s company stock falls 20% as feds seek records
Shares of billionaire Carl Icahn’s hedge fund tumbled 20% on Wednesday after it revealed that federal prosecutors sought documents from the company just a day...
US labor department releases photos of children working in slaughterhouse
Disturbing photos show kids — some possibly as young as 13 — being put to work at a Nebraska slaughterhouse after being hired by a...