Business News

(NEW YORK) -- Nvidia, a top chipmaker whose products fuel many artificial intelligence agents, released a software platform on Monday designed to prevent security incidents revealed by AI firms in recent months.The software aims to provide a "trust layer" for AI agents that insulates them from inadvertent exposure to other AI agents, digital products and the open internet over the duration of their existence, Nvidia said in a blog post."Recent […]

(WASHINGTON) -- The Department of Transportation is easing fuel economy standards that were put in place during the Biden administration.Transportation Secretary Sean P. Duffy said Monday that changing CAFE (corporate average fuel economy) standards for vehicles will make them more affordable by establishing “commonsense” guidelines for automakers.“This administration is delivering relief to families and reviving the beating heart of American manufacturing,” Duffy said. “With our commonsense standards in place, we […]

(WASHINGTON) -- Consumer sentiment dropped in September close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey, fresh data on Friday showed.Shopper attitudes soured as a monthlong bout of inflation squeezed consumers and an underlying oil supply shock showed little sign of imminent resolution.The final reading of the University of Michigan index registered at 48.1 in September, marking the second-lowest final reading […]

(NEW YORK) -- Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her budget.The monthly out-of-pocket cost of Benson’s name-brand medication for attention deficit hyperactivity disorder jumped from $120 to $500, she said. That sudden expense came at a time she was already struggling with rising rent […]

(NEW YORK) -- A key long-term Treasury rate hit its highest level in nearly two decades earlier this month, even before the Federal Reserve raised benchmark borrowing costs.The Fed hiked interest rates a quarter of a percentage point in an effort to battle back a monthslong surge of inflation. The rise in borrowing costs pushed up rates for loans like credit cards and mortgages, threatening to worsen a budget crunch […]

(Getty Images stock photo) (NEW YORK) -- Converse has discontinued an advertisement following public backlash last week over what critics said appeared to be Ku Klux Klan symbolism and lynching in the shoe and apparel company's ad campaign.One of the images in the ad showed the bottom half of a person wearing a white, calf-length skirt-like garment that some critics said resembled a KKK robe, while holding a pair of […]

(NEW YORK) -- Toys R Us is planning a major expansion in the U.S. with the addition of 120 new standalone stores by the end of 2026.The toy retailer, which currently has 40 standalone stores and Toys R Us shops inside Macy's stores across the country, announced the strategic move, which is being carried out in partnership with Go! Retail Group, on Thursday."This is a major moment for [Toys R […]

Warren Buffett attends 'Becoming Warren Buffett' World Premiere at The Museum of Modern Art on Jan. 19, 2017, in New York City. (Jamie McCarthy/Getty Images) (NEW YORK ) -- Warren Buffett has stepped down as chairman of Berkshire Hathaway, the company announced in a statement published early on Friday, having served in the role since 1970.Buffett, 96, is now chairman emeritus of the company and will remain a director, Berkshire […]

(NEW YORK) -- The average price for a gallon of diesel was still hovering around a record-high of $6.43 as of Friday morning, according to the latest data published by GasBuddy.The historic increase in the price of diesel comes amid continued disruption in the Strait of Hormuz -- sparked by the U.S.-Israeli attack on Iran in February -- and Russia's ongoing invasion of Ukraine, which in recent years has seen […]