Business and Finance

Inside the rise of Gen Z’s plush-toy craze as they delay adulthood

A guest poses for a photograph during the Jellycat Road Trip to Joy at Nordstrom Michigan Avenue in Chicago, Illinois. Jeff Schear / Stringer/ Getty Images Christmas is just around the corner and if you’re stuck on what to gift your Gen Z family members, a cuddly plush toy might be the answer this year. […]

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H-1B visa applicants face more disruptions amid social media checks

H-1B applicants face a challenging year ahead as political pushback to the visas is reinforced with a slew of actions from the U.S. administration. On Monday, the U.S. Embassy in India posted on X that since Dec. 15, it has started conducting online presence reviews of all H-1B and H-4 visa applicants in a bid

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Nvidia buying AI chip startup Groq for about $20 billion, biggest deal

Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy assets from Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO

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What a Russia-Ukraine peace deal could mean for Europe’s gas supplies

Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being

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U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial

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Next AI pivot will be to lower costs, ex-Facebook privacy chief says

Former Facebook Chief Privacy Officer Chris Kelly said Tuesday that the next phase of the artificial intelligence boom will focus on becoming more efficient. As major AI players race to churn out the infrastructure needed to support AI workloads, Kelly told CNBC’s “Squawk Box” that the industry will need to streamline these power-intensive buildouts. “We

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Fed chair candidate Hassett says U S behind the curve on lowering rates

National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even though the U.S. economy grew at a much faster-than-expected pace in the third quarter. Hassett, a leading contender to succeed Federal Reserve Chair Jerome Powell when his term ends in May, said the artificial intelligence

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Gold and silver reach fresh highs for second day running

Gold and silver have rallied this year — and prices keep climbing. Gold futures for February delivery rose settled 0.8% higher at $4,505.7, after hitting a record of $4,530.80 per ounce. Spot gold was up 1.03% to $4,491.23 per ounce. Meanwhile silver futures for March advanced 4.46% and was last seen at $71.62 per ounce, while spot silver was last trading

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