×

Money & Markets

Fed’s Powell: Strong hiring could force further rate hikes

WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell’s remarks followed the ...

Big tech job cuts keep coming; Dell latest to trim headcount

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said Monday that it’s cutting about 6,600 jobs. Large and small tech companies went on a hiring spree in over the past ...

Ford returns to Formula One in partnership with Red Bull

Formula One’s booming popularity in the United States has lured another American brand to the series as Ford said Friday it would return to the globe-trotting series as the engine provider for Red Bull Racing. The partnership begins with immediate technical support this season, but Ford ...

Apple suffers 1st quarterly sales decline in nearly 4 years

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion for the October-December period represented a 5 ...

FTC fines GoodRx for sharing of health data

In a first-of-its-kind enforcement, the Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent. Under a ...

Cheaters beware: ChatGPT maker releases AI detection tool

SAN FRANCISCO — The maker of ChatGPT is trying to curb its reputation as a freewheeling cheating machine with a new tool that can help teachers detect if a student or artificial intelligence wrote that homework. The new AI Text Classifier launched Tuesday by OpenAI follows a weeks-long ...