Chinese artificial intelligence startup company DeepSeek stunned markets and AI analysts with its claim that it built its popular chatbot at a fraction of the cost of those made by American tech titans. That immediately called into question the billions of dollars American tech companies are spending on a massive expansion of energy-hungry data centers [...]
The number of Americans filing for jobless benefits fell, a sign that economists say is representative of a strong labor market. Applications for jobless benefits fell by 16,000 to 207,000 for the week ending Jan. 25, the Labor Department said. Analysts were expecting 225,000 new applications. Weekly applications for jobless benefits are considered a proxy [...]
LONDON (AP) — Oil company Shell said that it was still mulling moving its stock market listing from London to New York, but that it wasn’t a “live discussion” at the moment. After announcing a 16 percent decline in full-year earnings of $23.7 billion from $28.3 billion, CEO Wael Sawan was asked if he was [...]
An aircraft developed by Boom Supersonic became the first independently funded jet to break the sound barrier last week. The XB-1 aircraft accelerated to Mach 1.05 at about 35,000 feet during a test flight in the Mojave Desert in California. The flight was a step toward reviving supersonic commercial travel, which has been on hiatus [...]
TOKYO (AP) — Nissan is slashing production at its United States plants and offering buyouts to factory workers as part of the Japanese automaker’s efforts to return to profitability. The move is part of Nissan Motor Corp.’s plans, announced two months ago, to slash 9,000 jobs globally, including in China, after it racked up a [...]
A Franklin County appeals panel affirmed the conviction and sentence of a 56-year-old Reynoldsburg man whom the court noted “gambled away” more than $450,000 of an elderly cousin’s bank accounts. Finding no merit to the claims raised by Mark Mattox, Tenth District Court of Appeals Judge Michael Mentel upheld his conviction on a first-degree felony [...]
NEW YORK (AP) — Get ready for an onslaught of ads full of celebrities, cute animals and snack brands during breaks in the action at Super Bowl 59 on Feb. 9, when the Philadelphia Eagles face the Kansas City Chiefs at the Caesars Superdome in New Orleans. Anheuser-Busch, Meta, PepsiCo, Frito-Lay, Taco Bell, Uber Eats [...]
Starbucks this week reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts have apparently started to deliver results. The Seattle coffee giant said its revenue was flat at $9.4 billion for the 13-week period ending Dec. 29. That beat Wall Street’s forecast of $9.3 billion, according to analysts polled by [...]
Smithfield Foods’ CEO says he hopes that everything the company has done to make working in its plants more attractive ever since COVID-19 tore through the industry during the pandemic will help it increase profits in the future. Smithfield went public last week more than a decade after the world’s largest pork producer was bought [...]
Rev1 Ventures has named Kristy Campbell president and chief operating officer of the venture capital investment entity, according to a news release. Since joining Rev1 in 2014, Campbell has been instrumental in the strategic vision of Rev1 Ventures, including building out the innovation programs which have supported nearly 1,500 innovators who have raised more than [...]