Business
Nick Pihakis files for Chapter 7 bankruptcy over $44 million in debt
Nick Pihakis filed Chapter 7 bankruptcy, listing more than $44 million in liabilities against about $10.6 million in assets, as reported by Yahoo Finance.
OpenAI pauses some work on Astra model over cyber concerns
OpenAI has temporarily halted internal work on its upcoming Astra model due to concerns that the unreleased system could independently execute cyber attacks.
Diageo warned by India over misleading whisky cask maturation claims
India's food safety authority has issued a formal warning to Diageo over whisky packaging claiming maturation in American oak casks.
The 24 hours that could change Canada’s economic trajectory
Canada hosts a Toronto summit led by Prime Minister Mark Carney and fund leaders to address national investment deficits and attract global capital.
S&P 500 hits record high as soft jobs report eases rate hike concerns
US stocks advanced to record highs as an unexpected decline in July nonfarm payrolls lowered expectations for Federal Reserve interest rate hikes.
Wall Street hits record highs as weak jobs data eases rate-hike fears
Wall Street major indexes advanced toward strong weekly gains after a surprise drop in US nonfarm payrolls cooled concerns over potential Fed rate hikes.
US unexpectedly lost 23,000 jobs in July as slump in growth continues
The United States labor market suffered an unexpected setback in July as nonfarm payrolls dropped by 23,000 and previous months saw severe downward revisions.
Bristol Airport closed live: Mass cancellations as runway shut for hours
Bristol Airport suspended all operations after an unexpected runway closure, leaving thousands of passengers stranded and forcing incoming flights to divert.
Crude oil prices plunge more than 9 percent as US pauses strikes on Iran
Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signaled restraint, boosting hopes of de-escalation.
New Mexico Court Orders Meta To Pay Nearly $1 Billion In Landmark Child Safety Case
A judge ordered Meta to pay $942 million and implement strict platform overhauls, including teen screen-time caps and nighttime notification blocks.
Meta ordered to pay $567m by New Mexico court over child mental health harms
A New Mexico court has ordered Meta to pay $567 million into an abatement fund and enforce strict feature caps on Instagram and Facebook to protect youth mental health.
US Employers Cut 23,000 Jobs as Unemployment Falls to 4.1
July jobs data showed a 23,000‑job decline and a 4.1% unemployment rate, while wage growth slowed to 3.2% and labour‑force participation fell to a 5‑½‑year low.
Global food prices at three-year high as heatwaves and wars push up crop costs
Global food prices have climbed to their highest level in three and a half years, driven by a combination of severe summer heatwaves and escalating conflicts.
European shares rise and oil climbs on Iran-Oman Strait talks
European equity markets and oil prices edged higher on reports of progress in talks between Iran and Oman regarding Strait of Hormuz shipping traffic.
Brokers downgrade five ASX shares including Endeavour and Northern Star
Equities brokers have issued ratings downgrades for five prominent ASX shares, including Endeavour Group and Northern Star Resources, following recent financial reports.
Dow and S&P 500 slip as investors eye corporate earnings and Middle East talks
Wall Street major indices retreated as traders digested corporate earnings reports and monitored developments surrounding potential US-Iran peace agreements.
Coles moves hundreds of corporate roles to India in Accenture partnership
Coles is shifting hundreds of corporate roles to Accenture in Mumbai to bolster technological capabilities and reduce backroom operation costs.
Meta fined $567m by US judge in child safety case
A US judge in New Mexico ordered Meta to pay an additional $567m for failing to warn the public about dangers to children, bringing total liabilities to $942m.
Asian supermarket T&T to open at Polo Park
Asian supermarket T&T to open at Polo Park
Chipotle and Qdoba pull jalapeños amid CDC salmonella outbreak
Chipotle and Qdoba have pulled fresh jalapeños from their menus after the CDC linked the peppers to a multistate salmonella outbreak sickening 345 people.