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Macy’s confirms rogue employee hid $151 million in expenses over three years

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday….
Investing

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between…
Investing

Tokyo government to introduce four-day workweek for its employees

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low…
Investing

Women’s basketball league Unrivaled signs uniform deal with Under Armour

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed…
Investing

OpenAI releases Sora, its buzzy AI video-generation tool

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to…
Investing

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings…
Investing

AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent

When Noah Jackson began his search for a new software engineering job at the start of 2024, there was one quality he…
Investing

Court rejects Boeing plea deal tied to 737 Max crashes

A federal judge rejected Boeing’s plea deal tied to a criminal fraud charge stemming from fatal crashes of its 737 Max aircraft. U.S. District Judge Reed O’Connor…
Investing

Dollar General tests same-day delivery as discounter chases Walmart

Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings…
Investing

What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000

Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about…
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