Big Tech isn’t backing down from its big AI spending
Tech giants appeared to defend their heavy AI investments during their latest earnings calls.Both Meta and Microsoft plan to spend over $60 billion on building out AI infrastructure this…
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Why Costco’s new pay hike could backfire as union strike looms
Some 18,000 Costco workers might walk off the job on Saturday when their contract expires.Ahead of the deadline, Costco announced pay raises for non-union employees.That move might have unintended…
UnitedHealthcare names a new CEO after Brian Thompson’s fatal shooting
UnitedHealthcare named Tim Noel as its CEO, seven weeks after Brian Thompson's fatal shooting.Noel joined the company in 2007 and was most recently the head of its Medicare and retirement…
As it unfolded — 24 hours of Elon Musk and Sam Altman’s public exchanges since Trump
Sam Altman's new AI joint venture, Stargate, has drawn criticism from Elon Musk.Musk said on X that Stargate didn't have the funds to build AI infrastructure. Altman has responded.The exchange between…
Hanging out at Starbucks will cost you as company reverses its open-door policy
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something.Starbucks on Monday said it was reversing a policy that invited everyone into its stores. A new code…