Here is a rundown of the trending stories in the business world this week.
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The $36 Billion Trading Loss You’ve Never Heard Of
Archegos's Bill Hwang turned $10 billion into $160 billion into nothing. Plus: Intuit's layoffs, Elon's travails, Boeing's bad week, Jerome Powell, and mor
Costco Raises Annual Membership Fees for the First Time Since 2017
Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the warehouse chain prepares to raise its membership fees.
¡Aprende Idiomas En 2024 Con Babbel! Say "¡Hola!" To New Adventures!
Language learning apps surged in 2024, with Babbel offering interactive lessons, vocabulary practice, and grammar exercises for effective language acquisition.
AI's Dual Impact on Jobs: Displacement and Creation Worldwide
AI is poised to transform global employment by replacing 300 million jobs while creating new ones, potentially boosting GDP by 7%.
Jenius Bank Report Reveals Financial Impact on Mental Health
The Mind-Money Connection explores how managing finances can boost happiness and uncover the real impact personal finances have on mental health and well-being.
Milk, Eggs and Now Bullets for Sale In Grocery Vending Machines
A company has installed vending machines that sell ammunition in grocery stores in Alabama, Oklahoma, and Texas, raising gun control concerns.
Tax Prep Firm Intuit to lay off 1,800 as Part of AI-Focused Re-org
WASHINGTON (AP) — Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off abou
Microsoft Quits OpenAI Board Amidst Antitrust Scrutiny of AI pacts
Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the firm has improved its governance.
Are Personal Checks Done? Target Will Stop Accepting Them Next Week
Target will no longer accept personal checks from shoppers as of July 15 in a sign of how a once ubiquitous payment method is going the way of the dodo.
