Japanese tech giant Toshiba accepts $15B tender offer
Japanese tech company Toshiba has accepted a tender offer worth $15 billion from Japanese Industrial Partners.
Boeing personnel working on Air Force One planes had lapsed security clearances
About 250 Boeing employees worked on the secretive Air Force One planes with expired security clearances before the lapse was discovered and they were temporarily suspended.
Jerome Powell's favorite bond market gauge flashes recession warning sign
A recession may be in the cards for the U.S. economy, and the Fed could soon cut interest rates, according to Jerome Powell's preferred bond market indicator.
Citigroup CEO says banking system ‘pretty sound’ after failures of Silicon Valley Bank, Signature Bank
Citigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.
A 16-month-old chatbot startup with no revenue is now a $1 billion unicorn
Noam Shazeer and Daniel de Freitas founded Character.AI in Nov. 2021. After a $150 million funding round, their AI startup is valued at over $1 billion.
Apple reportedly planning $1B in annual spending to bring films to theaters
Tech giant Apple will reportedly spend up to $1 billion annually to make films for theatrical release, Bloomberg reported on Thursday. Apple has the streaming service Apple TV+.
SEC cautions investors about crypto investments
The U.S. Securities and Exchange Commission issued an investor alert on Thursday, saying some crypto asset securities might not be compliant with U.S. laws.
New home sales rise in February for the third month in a row
A decline in mortgage rates helped to fuel a burst of new home sales in February as potential buyers rushed to take advantage cheaper borrowing costs.
TikTok CEO grilled over internal memo instructing senior managers to 'downplay the China association'
Rep. Kat Cammack, R-Fla., on Thursday grilled TikTok CEO Shou Zi Chew over a purported internal corporate memo coaching senior management to "downplay the parent company Bytedance" and China ties.
State financial officers call on JPMorgan Chase to address politically motivated de-banking
A group of state financial officers is writing to JPMorgan Chase CEO Jamie Dimon to call for transparency and an end to political or religious bias in decisions to de-bank clients.