At the time, he placed his sons in charge of the companies’ day-to-day operations but maintained ownership of the businesses, which included the Trump International Hotel in Washington, which became a known haunt for lobbyists, foreign delegations and others.
Yuichiro Chino | Moment | Getty Images Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week. The flagship cryptocurrency was last higher by about 3% at $43,870.01,…
Apple was slapped with its second major stock downgrade of the week on Thursday as fears mount on Wall Street about lukewarm demand for its flagship iPhone. Piper Sandler & Co. lowered its ratings for Apple’s stock to “neutral” from “overweight” on Thursday. The firm’s analysts, who had been bullish on Apple since March 2020,…
OpenAI is offering paltry payouts of as little as $1 million to media outlets in exchange for using their news articles to train the models that power ChatGPT — and the negotiations are playing out even as the company faces a major copyright infringement lawsuit from the New York Times. The proposed licensing fees of…
Jeff Bezos has backed a startup valued at $520 million working to rival Google’s web search dominance by using artificial intelligence to change the way people look for information online. Dubbed Perplexity, its prized product is a forum to “ask anything,” which its San Francisco-based team of less than 40 calls an “answer engine,” according…
The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. Justin Sullivan | Getty Images Qualcomm on Thursday announced a new chip that will be used by Samsung and Google for mixed reality devices that are likely to compete with Apple’s Vision Pro headset….
“Google’s solution, the Chrome Privacy Sandbox, which only works on a Chrome browser, likely doesn’t benefit anyone other than Google,” said Phil Duffield, UK vice president at The Trade Desk, which operates a platform for companies to buy ads online.
Struggling fitness equipment maker Peloton Interactive will bring its workout content to short-form video platform TikTok in an exclusive partnership, the companies said Thursday. The partnership comes as Peloton is pivoting from hardware and transforming into a software-focused company, leaning on its exclusive content to drive subscriber growth. Peloton shares jumped 14% to close at $6.13. Demand for the…
Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of…
Meta boss Mark Zuckerberg pocketed nearly half a billion dollars after selling his company’s shares nearly every day during the last two months of 2023 — a move that coincided with a massive rebound in the Facebook and Instagram parent’s stock price. The Facebook founder sold a total of nearly 1.28 million shares to secure…
