After coming under pressure early in the session, stocks remained mostly lower throughout the trading day on Tuesday. The major averages all moved to the downside on the day after ending Monday’s trading narrowly mixed. The tech-heavy Nasdaq slid 77.36 points or 0.6 percent to 12,179.55 and the S&P 500 fell 18.95 points or 0.5 percent to 4,119.17. The narrower […]

Stocks have moved mostly lower in morning trading on Tuesday, with the major averages all moving to the downside after ending yesterday’s choppy session narrowly mixed. Currently, the Nasdaq is down 69.63 points or 0.6 percent at 12,187.29 and the S&P 500 is down 18.19 points or 0.4 percent at 4,119.93. The narrower Dow is posting a more modest loss, […]

A.I. takes center stage on the Hill As the C.E.O. of OpenAI, Sam Altman has become one of the most prominent evangelists for the next generation of artificial intelligence offerings. ChatGPT, his company’s most notable product, has captured the public’s imagination like no tech product has in years, inspiring hopes and fears about its transformative powers. As Mr. Altman prepares […]

Vice Media filed for bankruptcy on Monday, punctuating a yearslong descent from a new-media darling to a cautionary tale of the problems facing the digital publishing industry. The bankruptcy will not interrupt daily operations for Vice’s businesses, which in addition to its flagship website include the ad agency Virtue, the Pulse Films division and Refinery29, a women-focused site acquired by […]

India’s stiff labour laws were one key issue that Apple CEO Tim Cook discussed with Prime Minister Modi on his recent visit. It came as a bolt in the blue. Confronted by stiff opposition from trade unions and political parties of all hues, from the Congress to the Communist Party of India and Communist Party of India-Marxist, Tamil Nadu Chief […]

The Bureau of Labor Statistics released the consumer price index for April. The results were a surprise. After over a year of relatively high inflation, the pace slowed considerably. Consumer prices were only 0.4% higher from March and only 4.9% higher year over year. This is still above the Federal Reserve’s inflation target of 2%, though the slower pace may […]

In what could result in a complete overhaul of the Insolvency and Bankruptcy Code (IBC), the insolvency regulator has sought public comments on the regulations it notified under the code to date. The Insolvency and Bankruptcy Board of India (IBBI) has given a window of eight months ending December 31 to all stakeholders to share their views on its regulations. […]

SAG-AFTRA President Fran Drescher has told her members that as the union prepares for its upcoming contract negotiations, which start June 7: “We must focus on modernizing our outdated and conservative contract. It is essential that we reshape our agreement to better reflect the new digital and streaming business model that is rapidly changing our industry.” In a message posted […]

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, with traders looking to pick up stocks at reduced levels following recent weakness. Data showing a bigger than expected in US jobs addition in the month of April has fueled hopes that the US Fed will hold rates steady in the […]