Business

It’s been almost a year since AI’s bloom last spring, recalling another flowering: The “tulip mania” of the Dutch Golden Age, one of the most infamous examples of a financial bubble in economic history. But will ChatGPT blossom, with ramifications for any worker’s job, or will it wither as the petals fall off the proverbial plant?  Even if people are…

Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of a $454 million civil fraud judgment while he appeals, suggesting the former president’s legal losses have put him in a serious cash crunch. Trump’s lawyers wrote in a court filing that “obtaining an appeal bond in…

On Monday, a federal judge took the unprecedented step of imposing sanctions on the Securities and Exchange Commission related to a lawsuit the agency brought against the Utah-based crypto company DEBT Box in July. The case drew widespread attention after the defendants accused the SEC of misrepresenting key facts when the agency obtained a temporary restraining order to freeze assets…

A top law firm faced allegations that it broke UK money-laundering rules by being too polite to ask a politically connected banker from a former Soviet republic how he got his cash. Dentons overrode an internal warning urging “extreme caution” in dealing with him as a client and failed to ask the banker where his wealth came from in case…

Boeing’s tumultuous year went from bad to worse on Monday after a “technical event” led a 787-9 Dreamliner to nosedive, injuring 50 people on a flight from Sydney to Auckland, New Zealand. One passenger, Brian Jokat, told the BBC that the plane “dropped unlike anything” he had ever experienced before, causing some passengers to hit the roof and break the…

The first over-the-counter birth control pill will be available in U.S. stores later this month, allowing American women and teens to purchase contraceptive medication as easily as they buy aspirin. Manufacturer Perrigo said Monday it has begun shipping the medication, Opill, to major retailers and pharmacies. A one-month supply will cost about $20 and a three-month supply will cost around $50, according…

Shares of Coinbase Global, the biggest U.S. cryptocurrency exchange, have nearly doubled over the last month—and were up some 265% over the last year—through trading on Monday, which saw the biggest single-day gain since January 2022. The stock closed at $229.15 after reaching as high as $236.46. Shares within the last year had fallen to as low as $46.43. Investors…

BYD Co. has been contacted by the Italian government as part of the country’s efforts to attract a second car manufacturer beyond Fiat maker Stellantis NV.  “We have some contacts to discuss about that,” Michael Shu, managing director of BYD Europe, said in an interview at the Geneva International Motor Show. The need for a second European plant “depends on…

BYD Co. is underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle that can float on water. The Yangwang U8 plug-in hybrid — which is also able to make a 360-degree “tank turn” on the spot — would compete with the Mercedes-Benz G-Class and the Land Rover…

Vaccines that protect against severe illness, death and lingering long Covid symptoms from a coronavirus infection were linked to small increases in neurological, blood, and heart-related conditions in the largest global vaccine safety study to date. The rare events — identified early in the pandemic — included a higher risk of heart-related inflammation from mRNA shots made by Pfizer Inc., BioNTech SE, and Moderna Inc., and an increased…