Two major Hollywood studios are suing Midjourney, a popular AI image generator, over its use and distribution of intellectual property. Disney and NBCUniversal (NBCU) have teamed up to file a
Tag: business times
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soonJPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing. “I think there’s a chance real
Grocery chain’s distributor suffers cyberattack, disrupting operationsGrocery chain’s distributor suffers cyberattack, disrupting operations
United Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations. The company announced
McDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack WrapMcDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack Wrap
McDonald’s recently added McCripsy Strips to its U.S. menu and, according to one analyst, they might not be hitting the mark with all customers. The fast-food giant first launched the
States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcyStates take legal action as 23andMe attempts to sell customer genetic information amid bankruptcy
Bankrupt 23andMe is facing a lawsuit over its plans to sell customer genetic information. Twenty-seven states and the District of Columbia took legal action this week against 23andMe in the
GM doubles down on American manufacturing with $4B investmentGM doubles down on American manufacturing with $4B investment
General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles. With the multibillion-dollar investment, the Michigan-based
Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates. “The president has been saying this for a while, but it’s
Treasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debtTreasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debt
Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the
Kevin O’Leary reveals the hidden cost of LA riots that’s hurting small businessesKevin O’Leary reveals the hidden cost of LA riots that’s hurting small businesses
“Shark Tank” investor Kevin O’Leary described Los Angeles as a “war zone” with “horrific” consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city
Inflation increased slightly on an annual basis in MayInflation increased slightly on an annual basis in May
Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said
Inter Milan partners with Fanatics to elevate fan experience for over 530M worldwideInter Milan partners with Fanatics to elevate fan experience for over 530M worldwide
FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and
US, China reach ‘framework’ to implement trade deal, Lutnick saysUS, China reach ‘framework’ to implement trade deal, Lutnick says
The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. The development comes
Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deductionGoldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction
A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and local tax (SALT) deduction, those potential tax savings are unlikely
Real estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyersReal estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyers
Two major real estate marketplaces are making big changes to what home listings can appear on their websites. Zillow and Redfin are both taking aim at listings of homes up
Paramount slashes jobs as streaming wars intensifyParamount slashes jobs as streaming wars intensify
Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a
LARRY KUDLOW: Law & order crushed L.A. riotsLARRY KUDLOW: Law & order crushed L.A. riots
Donald Trump chose criminal deportation, law and order, and tough-on-crime. California Democrats chose lawsuits and states’ rights. Who do you think won this latest round? I’d say Trump 10-Democrats 0.
Meta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: reportMeta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: report
Meta CEO Mark Zuckerberg is reportedly building a team of experts to develop artificial general intelligence (AGI) that can meet or exceed human capabilities. Bloomberg News reported Zuckerberg is looking to
Multiple Los Angeles businesses ransacked during anti-ICE riotsMultiple Los Angeles businesses ransacked during anti-ICE riots
Retail stores and at least one restaurant are being caught in the crosshairs of ongoing anti-ICE riots in Los Angeles. A T-Mobile, Adidas, Apple Store and a sushi restaurant were
OpenAI says this state will play central role in artificial intelligence developmentOpenAI says this state will play central role in artificial intelligence development
New York is poised to play a central role in the development of artificial intelligence (AI), OpenAI executives told key business and civic leaders on Tuesday. OpenAI CEO Sam Altman spoke at
Apple digital feature to make travel easier for domestic fliersApple digital feature to make travel easier for domestic fliers
Tech giant Apple is on day two of five of its annual Worldwide Developers Conference (WWDC), where announcements are being made about what is ahead for its devices. One of
Chipotle using AI to open new locations with astoundingly short time frameChipotle using AI to open new locations with astoundingly short time frame
Artificial intelligence is helping Chipotle rapidly grow its footprint, according to CEO Scott Boatwright. On Monday, Boatwright told Fortune at the outlet’s COO summit that the company “will open a new
LA Apple Store looted in anti-ICE riotsLA Apple Store looted in anti-ICE riots
Rioters in downtown Los Angeles looted a prominent Apple store amid protests against ICE raids in the city. Images from the scene show rioters in hoodies and masks ransacking the
DOGE hails $263M savings from nixed contracts, including FM in Zambia and executive coachingDOGE hails $263M savings from nixed contracts, including FM in Zambia and executive coaching
The Department of Government Efficiency announced in a Monday post on X that agencies had recently nixed “111 wasteful contracts,” resulting in millions of dollars in savings. “Great work by
The $22 monster toy that’s causing chaos worldwide and making its Chinese creator billions overnightThe $22 monster toy that’s causing chaos worldwide and making its Chinese creator billions overnight
They’re scary, but cute – and taking the internet by storm as customers race to get their hands on Labubus. Distributed exclusively by Chinese-based retailer Pop Mart, it’s become near
Apple unveils ‘Liquid Glass’ design in iOS 26 that transforms how you’ll use your iPhoneApple unveils ‘Liquid Glass’ design in iOS 26 that transforms how you’ll use your iPhone
Apple introduced a bunch of updates and new features for iPhones through its upcoming iOS 26 operating system. The tech giant provided a preview of the new iPhone operating system