7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company
Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and…
Category: Economy
Thoma Bravo founder vows to ‘never touch’ crypto again after disastrous bet on FTX
Orlando Bravo, the founder of buyout firm Thoma Bravo, said he's learned plenty from his failed investment on crypto exchange…
OpenAI gives artists access to unreleased tools like Sora for New York gallery exhibit
OpenAI on Friday announced an art gallery collaboration, allowing artists access to its unreleased artificial intelligence tools for a New…
Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
The letter is meant as a political show of force for Kamala Harris in a tight race with Donald Trump.…
AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
With the biggest companies in the world throwing billions of dollars at generative AI startups, traditional VCs are struggling to…
Google’s second antitrust trial could help shape the future of online ads
In its second antitrust trial against the Justice Department, Google will claim that it's allowed for plenty of competition in…
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
Nonfarm payrolls were expected to expand by 161,000 in August while the unemployment rate fell to 4.2%. ...
Seven Republican-led states sue to block Biden’s sweeping student loan forgiveness plan
Seven Republican-led states sued the Education Department to try to block the Biden administration from carrying out its new student…
Water shortages are likely brewing future wars — with several flashpoints across the globe
Growing competition for water in already arid areas, alongside the compounding effect of climate change, has led to a flurry…