BUSINESS

AI startup Cognition Labs seeks $2B valuation amid investor frenzy

AI startup Cognition Labs seeks $2B valuation amid investor frenzy

Artificial intelligence will no doubt change much about our world in the long run. But for now, we may be…
Virginia governor vetoes bill that would have boosted minimum wage from $12 to $15 over two years, saying it wasn’t needed

Virginia governor vetoes bill that would have boosted minimum wage from $12 to $15 over two years, saying it wasn’t needed

Republican Virginia Gov. Glenn Youngkin vetoed two top Democratic legislative priorities on Thursday: bills that would have allowed the recreational retail…
How will AI affect jobs and employment? Survey suggests massively

How will AI affect jobs and employment? Survey suggests massively

It’s been almost a year since AI’s bloom last spring, recalling another flowering: The “tulip mania” of the Dutch Golden…
Canopy Growth surges as Germany decriminalizes cannabis

Canopy Growth surges as Germany decriminalizes cannabis

Last summer, the survival of Canopy Growth was in doubt. This week, the Canadian cannabis company watched its stock rise…
Hertz’s EV and CEO about-face latest saga twist

Hertz’s EV and CEO about-face latest saga twist

It seemed like a good idea at the time. Now we know better. Hertz, reeling from a bankruptcy and the…
Reddit’s planned IPO aims to raise up to $748 million

Reddit’s planned IPO aims to raise up to $748 million

Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the…
Texas fires follow Warren Buffett’s warning on utilities

Texas fires follow Warren Buffett’s warning on utilities

Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to…
Chicago mayor announces $1 billion revamp of empty downtown buildings amid commercial real estate crisis

Chicago mayor announces $1 billion revamp of empty downtown buildings amid commercial real estate crisis

Chicago Mayor Brandon Johnson is proceeding with a revamp of empty downtown buildings initially estimated at $1 billion in an…
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