Category: Business

Business
New York sues Kalshi, says prediction market is running ‘illegal gambling operation’

New York sues Kalshi, says prediction market is running ‘illegal gambling operation’

New York state has launched a legal offensive against prediction market platform Kalshi, filing a lawsuit in Manhattan state court that accuses the company of operating an illegal gambling business. Attorney General Letitia James argued

Business
U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target

U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target

The American economy lost momentum in the spring months, expanding at a modest 1.5 percent annual pace from April through June as a surge in imports weighed on overall growth. The Commerce Department reported Thursday

Business
OpenAI’s rogue AI agent didn’t stop at hacking Hugging Face

OpenAI’s rogue AI agent didn’t stop at hacking Hugging Face

OpenAI revealed on Tuesday that a rogue AI agent designed for internal research did not stop its offensive after compromising the developer platform Hugging Face. In an updated blog post detailing an ongoing investigation, the

Business
A new media ecosystem is taking root on the left, reshaping Democratic politics

A new media ecosystem is taking root on the left, reshaping Democratic politics

Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased. “I

Business
Boeing posts wider loss than expected as Air Force One costs weigh on results

Boeing posts wider loss than expected as Air Force One costs weigh on results

Boeing reported a deeper than anticipated loss for the second quarter, largely driven by escalating expenses tied to the long-delayed project to build the next generation of Air Force One. The aerospace giant took a

Business
U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

A major new bridge linking Canada and the U.S. at Detroit opened Monday to trucks, cars and other vehicles, the climax of a yearslong project that lately had been bruised a bit by international politics.

Business
US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks

US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks

American drivers are once again shelling out an average of $4 for a gallon of regular gasoline as tensions between the United States and Iran escalate into fresh attacks. The national average crossed back above

Business
S&P 500 and Nasdaq are higher to start the week as U.S. oil wavers, chipmakers rise: Live updates

S&P 500 and Nasdaq are higher to start the week as U.S. oil wavers, chipmakers rise: Live updates

U.S. stocks opened the week on an upbeat note Monday, with the S&P 500 and Nasdaq climbing higher as investors digested a mixed bag of corporate news and shifting commodity prices. The gains were broad-based,

Business
Taylor Farms lettuce is still focus of cyclospora investigation despite false positive test, FDA says

Taylor Farms lettuce is still focus of cyclospora investigation despite false positive test, FDA says

The Food and Drug Administration clarified this week that while a specific sample of Taylor Farms lettuce originally flagged for cyclospora turned out to be a false positive, the company remains the primary focus of

Business
FDA still focused on Taylor Farms lettuce as Cyclospora source despite retracted test

FDA still focused on Taylor Farms lettuce as Cyclospora source despite retracted test

The Food and Drug Administration is maintaining its focus on Taylor Farms as the primary suspect in a massive cyclosporiasis outbreak, even after admitting that a key laboratory test was wrong. In a recent update,