LONDON — Artificial intelligence that can match humans at any task is still some way off — but it’s only a matter of time before it becomes a reality, according…
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Business
Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
by adminSwedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just disclosed its intention to go…
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Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla. Shares in the once-trillion-dollar company saw their worst day in five years…
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After surging for much of the year, egg prices have declined sharply over the past week as consumers pulled back on purchases, allowing supplies to resettle at more normal volumes.…
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Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better
by adminDollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year. On the company’s fourth-quarter earnings call, Vasos said…
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Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
by adminSpirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take…
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Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at the Italian luxury fashion empire’s helm. Versace, 69, took on…
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FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
by adminThe Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints. Attorneys…
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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
by adminIt’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk…
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Business
Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
by adminDick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers…