Business
The AI bubble is about to burst — and a big market correction is coming
On Jan. 1, 2000, the world got a reprieve from a much-hyped technological Armageddon when it turned out the Y2K crisis wasn’t a crisis after all.
Pickleball company files for bankruptcy as founder acknowledges business mistake: ‘I own it’
Pickleball franchisor The Picklr filed for Chapter 11 bankruptcy after lease guarantees mounted, securing $4.5M in financing to reorganize.
David Ellison’s Skydance deal was approved — but it may not be smooth sailing
With $80 billion in debt and a sprawling media empire to combine, David Ellison will have his hands full with the now court-approved combination of Paramount and Warner Bros Discovery, known as Skydance.
US jury says Apple owes record $5.7 billion in patent case against San Diego company
A US jury ruled that Apple owes Taction over $5.7 billion for infringing haptic technology patents in iPhones and Apple Watches.
Michigan credit union CEO out after posting AI photo with ‘Lake America’ sweatshirts: ‘Disappointment and pain’
The CEO of a Michigan-based credit union is no longer with the company after she posted an AI-generated image of her family wearing “Lake America” sweatshirts during a trip to Canada.
Mortgage rates top 7% for first time since January 2025 in blow to homebuyers
The average long-term US mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases.
Ex-Disney CEO Bob Chapek says in new book ‘sniper’ Bob Iger sabotaged him: ‘It pisses me off’
Former Disney CEO Bob Chapek is accusing Bob Iger of sabotaging his brief run atop the House of Mouse — portraying his onetime mentor as a “sniper” and writing of his ouster, “In truth, it pisses me off.”
AI risk is real. Ceding the technology to the Chinese is an even bigger danger
Halting AI poses a greater risk than embracing it. Policymakers must ignore the fears of tech leaders like Sam Altman and take calculated risks.
Microsoft, OpenAI workers privately worried their work is ‘largest theft of labor in human history’
Microsoft and OpenAI workers privately shared concerns that their use of millions of news articles to develop AI bots could represent the “largest theft of labor in human history,” according to newly unsealed court docs.
Warren Buffett stepping down as Berkshire Hathaway chairman, names his son to replace him
Warren Buffett, 96, has been named chairman emeritus of Berkshire Hathaway, with his son Howard Buffett succeeding him as the company’s chairman.