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Costco Boosts Hourly Pay To Over $30 Amid Union Tussle, DEI Backlash

Costco Wholesale plans to raise hourly wages for most U.S. store workers to over $30 as part of a phased approach over three years, despite ongoing contract negotiations with the Teamsters union and scrutiny from Republican attorneys general regarding its DEI policies.

Jan 31, 2025 3:56 AM EST


OpenAI Targets $340B Valuation In New Funding Round

Global tech investor SoftBank Group is in discussions to lead the round, with plans to contribute between $15 billion and $25 billion.

Jan 31, 2025 3:55 AM EST


Meta Agrees to $25 Million Settlement with Donald Trump Over Account Suspension

Meta has agreed to a $25 million settlement with Donald Trump over his suspended accounts following the Capitol riot, amid rising tensions between tech firms and political figures.

Jan 30, 2025 11:07 AM EST


Microsoft and Meta CEOs Defend Substantial AI Investments Amid DeepSeek's Market Disruption

Microsoft and Meta defend their significant AI investments, despite challenges posed by DeepSeek's cost-effective models disrupting the industry.

Jan 30, 2025 11:01 AM EST


Wells Fargo's Co-CEO of Corporate and Investment Banking, Jon Weiss, Announces Retirement

Wells Fargo's Jon Weiss to retire as Co-CEO of Corporate & Investment Banking, with Fernando Rivas set to assume sole leadership.

Jan 30, 2025 10:46 AM EST


European Central Bank Reduces Interest Rates, Signals Potential for Further Easing

ECB cuts interest rates by 25 basis points, signaling potential further easing amid economic uncertainty and persistent inflation concerns in the Eurozone.

Jan 30, 2025 10:36 AM EST


Trump's First Law: What The Laken Riley Act Means For Immigration And Crime

New law mandates detention of illegal immigrants accused of serious crimes, regardless of whether they have been convicted.

Jan 30, 2025 6:05 AM EST


SEC Asks Public To Comment On Proposed $LTC ETF, Pumping Litecoin Near $130

The SEC has "acknowledged" Canary Capital's filing for a Litecoin ETF, pushing $LTC prices higher and triggering a wave of excitement among Litecoin users who believe $LTC is the better coin than Bitcoin.

Jan 30, 2025 6:04 AM EST


Federal Unions Urge Workers To 'Say NO' To Trump's Deferred Resignation Program, Lawsuit Filed

Trump administration's "Fork in the Road" email offers federal employees the option to stay on payroll until Sept. 30 without working in person. Workers have until Feb. 6 to decide on the offer.

Jan 30, 2025 6:01 AM EST


Trump Media & Technology Group Ventures into Cryptocurrency with Truth.Fi

Trump Media & Technology Group launches Truth.Fi, expanding into cryptocurrency and financial services, sparking investor enthusiasm and political scrutiny.

Jan 29, 2025 12:44 PM EST


U.S. Goods Trade Deficit Widens Sharply in December Amid Import Surge

U.S. goods trade deficit widened sharply in December as imports surged, raising economic concerns amid potential trade policy shifts under Trump.

Jan 29, 2025 12:35 PM EST


Alibaba Unveils Qwen 2.5-Max AI Model, Claiming Superiority Over DeepSeek-V3

Alibaba unveils Qwen 2.5-Max AI model, claiming superiority over DeepSeek-V3, intensifying competition in China's rapidly evolving AI landscape.

Jan 29, 2025 12:18 PM EST


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