LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, says he intends to take the newspaper public in the coming year. During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public…… MORE
Investors Breathe Life Into New Batch Of Meme Stocks As Kohl’s And Opendoor Technologies Surge
NEW YORK (AP) — Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest meme stocks are Kohl’s and Opendoor Technologies, two companies with struggling businesses. Kohl’s shares have surged nearly 50% this week even though the company has endured weak sales and frequent leadership changes. The department store…… MORE
More Americans Shift Money From Checking And Savings To Accounts With Investment Income, Study Says
WASHINGTON (AP) — New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income. The trend helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by the JPMorganChase Institute…… MORE
OpenAI’s Sam Altman Warns Of AI Voice Fraud Crisis In Banking
WASHINGTON (AP) — Open AI CEO Sam Altman warns of a looming fraud crisis in the financial industry due to AI’s ability to mimic voices. Speaking at a Federal Reserve conference on Tuesday, Altman criticized financial institutions still using voiceprints for authentication. He called this practice outdated, as AI can now create voice clones that…… MORE
Heavy Metal Icon Ozzy Osbourne Dies at Age 76.
ASSOCIATED PRESS (WBAP/KLIF)- the gloomy, demon-invoking lead singer of the pioneering band Black Sabbath who became the throaty, growling voice — and drug-and-alcohol ravaged id — of heavy metal, died Tuesday, just weeks after his farewell show. He was 76. “It is with more sadness than mere words can convey that we have to report that our…… MORE