Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim
Two nonfiction book authors sued Microsoft and OpenAI in a would-be class action complaint alleging that the defendants “simply stole”…
Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note
The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data…
Second set of Jeffrey Epstein court filings unsealed in New York
A second batch of court filings related to sex predator Jeffrey Epstein were unsealed in New York on Thursday. The…
Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks
Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person…
Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat…
From FedEx to airlines, companies are starting to lose their pricing power
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which…
Man pleads guilty in stock fraud case involving $100 million New Jersey deli
A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company…
Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what could happen next
Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow…
SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million
Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5…
