Fed launches FedNow service to help you get your paychecks faster
The Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive...
Existing home sales tumble to 5-month low in June
Sales of previously occupied US homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and...
Sean ‘Diddy’ Combs accuses former business partner Diageo of ‘illegal retaliation’ in liquor brands feud
Sean “Diddy” Combs accused his former business partner Diageo of “illegal retaliation” on Wednesday, heightening the legal battle between the mogul musician and the spirits...
Netflix adds 6M new subscribers in Q2 after password-sharing crackdown
Netflix handily beat Wall Street earnings forecasts on Wednesday as a password-sharing crackdown and an ad-suported option helped bring in 5.9 million new streaming subscribers in...
Apple tests AI tools, including ‘Apple GPT,’ to rival ChatGPT: report
Apple is working on offerings based on artificial intelligence similar to OpenAI’s ChatGPT and Google’s Bard, Bloomberg News reported on Wednesday, citing people with knowledge of the matter,...
Disney CEO Bob Iger in ‘damage control’ mode over possible sale of ABC, ESPN
Disney’s Bob Iger was forced to do “damage control” after spilling plans to possibly sell all or part of money-bleeding channels ABC and ESPN, The...
Goldman Sachs profits plunge 58% in second quarter
Goldman Sachs on Wednesday said earnings fell by a whopping 58% in the second quarter as the Wall Street giant blamed a retreat from consumer...
Titanic exhibit company hosting memorial service for Titan passenger
The company that owns the sole salvaging rights to the historic Titanic shipwreck is hosting a memorial service for its former employee and late Titan...
Morgan Stanley earning tank on weak trading, dealmaking
Morgan Stanley’s earnings tanked 13% as trading and dealmaking dried up — but the banking giant’s boss believes the post-pandemic funk has “bottomed” out. The...
FTC, states begin crackdown on illegal robocalls, telemarketing scams
US regulators on Tuesday announced a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls. The...