The Federal Reserve is scheduled to meet this week, when U.S. central bankers will decide whether to raise interest rates for the second time this year in a bid to subdue inflation. Most economists and Wall Street analysts expect the Fed to leave its benchmark rate unchanged at 3.75% to 4% when officials release the…
Starbucks shot down reports that the coffee giant was considering acquiring restaurant chain Chipotle Mexican Grill. A spokesperson for Starbucks said it is not buying Chipotle, which has a market worth of $47 billion, saying that the company is focused on its strategic plan to boost growth. “Our team is laser-focused on executing our Back…
Chipotle Mexican Grill’s stock jumped as much as 8% on Thursday after the Financial Times reported that Starbucks has explored a deal to buy the “fast-casual” restaurant chain. A potential merger would represent one of the largest restaurant acquisitions in history, according to industry analysts. In 2014, Burger King acquired Canadian chain Tim Hortons in…
Layoffs in the U.S. have fallen to a four-year low, while employers’ hiring plans are up 3% this year, according to new labor data. Employers have announced 573,195 job cuts through September this year, a nearly 40% decline from the first nine months of 2025, Challenger, Gray & Christmas said on Thursday. On a monthly basis,…
The world is awakening to the potential threats posed by artificial intelligence amid a barrage of reports about AI agents defying their human creators. In reality, however, the story stretches back to Silicon Valley, where AI was born. So how did we get here, exactly? That’s the question technology journalist Kevin Roose seeks to answer in his new…
A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development. The lawsuit, which was filed Friday in the U.S. District Court for the Northern District of California, argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts, and…
Borrowing is likely to get more expensive for Americans, and soon, according to economists. The Federal Reserve is expected to raise its benchmark interest rate on Wednesday for the first time in more than three years as the central bank battles stubborn inflation fueled by high energy prices. Some Wall Street forecasters also pencil in…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Weijia Jiang: Michigan Senate candidate Abdul El-Sayed, a Democrat Utah Gov. Spencer Cox, a Republican CBS News executive director of news and surveys Anthony Salvanto CBS News executive director of news and surveys Anthony Salvanto, CBS News senior White House and political correspondent Ed…
“I won’t lie to you – there are real dangers,” said Anthropic CEO and cofounder Dario Amodei about the development of artificial intelligence. “And I think for too long the industry lied to people about the fact that this technology had risks.” And the biggest risk could be the end of humanity, former Anthropic researcher…
A key inflation reading tomorrow could determine whether the Federal Reserve issues its first interest rate hike in more than three years. The August Consumer Price Index report, scheduled for release at 8:30 a.m. ET on Friday, is the last major inflation snapshot Fed officials will receive before announcing their next interest rate decision on…
