Intel spins off its corporate venture arm, Intel Capital, into a standalone fund - TechCrunch

Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an "anchor investor."

Microsoft, OpenAI ask federal judge to toss news orgs’ copyright claims - Courthouse News Service

A coalition of news organizations led by The New York Times claim the exploitation of their online news stories to train artificial intelligence-driven chatbots amounts to copyright infringement.

US FTC finds major pharmacy benefit managers inflated drug prices for $7.3 billion gain - Reuters

The nation's three largest pharmacy benefit managers have significantly marked up the prices of certain medicines, including for heart disease, cancer and HIV, at their affiliated pharmacies, the U.S. Federal Trade Commission said on Tuesday.

U.S. Steel Takeover by Cleveland-Cliffs and Nucor Reported. Trump Is Key. - Barron's

Southern California city receives massive $14 million grant to build electric vehicle charging stations - KTLA Los Angeles

San Bernardino is set to construct more than 100 new electric vehicle charging stations after it received a federal grant, the city announced. The grant, which comes from the U.S. Department of Transportation Federal Highway Administration, totals more than $…

Goldman Sachs, JPMorgan Lead Slew Of Bank Earnings. These Stocks Are Basing. - Investor's Business Daily

Big banks kick off Q4 results with Goldman Sachs, JPMorgan Chase, Wells Fargo, BlackRock, Citi reporting. Some names are basing.

Boeing delivers likely last 777-300ER - The Air Current

A quiet end to the best-selling widebody aircraft of all time.

JPMorgan’s view on Wednesday's inflation reading and how the stock market will react - CNBC

JPMorgan's trading desk focused on the monthly core CPI number and dissected how the S&P 500 might move depending on the numbers.

Capital One sued by US watchdog alleging bank cheated customers out of $2 billion - ABC News

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result

Zuckerberg plans Meta layoffs as company culls ‘low performers’ faster - The Washington Post

Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.

Internal Meta memo tells managers how performance-based job cuts will work - Business Insider

CEO Mark Zuckerberg starts another year by focusing even more on efficiency. This time he's targeting low-performing employees.

Boeing Stock Is Dropping on December Deliveries. This Number Was Crucial. - Barron's

Budget deficit rose in December and is now 40% higher than it was a year ago - CNBC

For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a year prior.

Top BlackRock executive Mark Wiedman to depart - Financial Times

Move scrambles asset management giant’s plans to eventually replace founder Larry Fink

Boeing sees big drop in output after strikes and safety problems - BBC.com

The troubled manufacturer says deliveries fell by a third last year.

USDA documented insects, slime and ‘general filth’ at Boar's Head plants, records show - WTHR

Inspectors documented meat and fat residue on equipment and walls, dripping condensation, mold, insects and other problems.