Today's Top Story
26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leave
A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems that disproportionately targeted those on medical or family leave for layoffs Read More
Business News
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Inflation cools more than expected in June as gas costs fall, underlying prices ease
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected
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Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps
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Banks rake in big profits as both Wall Street and the US consumer stay strong
Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty
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Economic News
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World shares are mixed and oil prices climb as Iran threatens to block Middle East energy exports
World shares are mixed and oil prices have climbed after Iran threatened to block Middle East energy exports now that the U.S. has resumed its blockade of Iranian ports
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26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leave
A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems that disproportionately targeted those on medical or family leave for layoffs
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US reimposes its blockade on Iran after Tehran's attacks on ships in the Strait of Hormuz
The U.S. military has reimposed its blockade of Iranian ports in response to Iran’s attacks on commercial ships in the Strait of Hormuz
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Money News
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You just retired (or are about to). Now what?
If there’s one group likely to be experiencing the most consternation over inflation and economic uncertainty, it’s those who have just retired or are about to
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Strained Ohio county seeks help to care for 16 siblings from squalid home and prosecute their family
The discovery of 16 siblings who authorities say were held at a home for years in squalid conditions is straining their rural Ohio county’s resources as it works to prosecute their parents and two grandparents and address the needs of so many children at once
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PepsiCo says economic concerns weighed on customers in North American during recent quarter
PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns
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