iab-business and finance

A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …

A first generation iPhone going up for auction hopes to fetch $50,000 Read More »

Shell posts nearly $40 billion in profit, announces $4 billion in buyouts

Hong Kong/London CNN — Shell made a record a profit of nearly $40 billion in 2022, more than double what it made the year before after oil and gas prices spiked following Ukraine’s invasion of Ukraine. Russia. Europe’s biggest oil company by revenue reported adjusted annual profit of $39.9 billion on Thursday – more than …

Shell posts nearly $40 billion in profit, announces $4 billion in buyouts Read More »

Biden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets

CNN — President Joe Biden on Wednesday announced further progress on his administration’s “competition agenda,” specifically targeting unwanted fees while calling on Congress to pass legislation targeting hidden fees in multiple sectors. These costs can “drain hundreds of dollars a year from the pockets of hard-working American families, especially people who are already struggling to …

Biden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets Read More »

ChatGPT creator deploys ‘flawed’ AI detection tool to help teachers spot potential fraud

CNN — Two months after OpenAI pissed off some educators with the public release of ChatGPT, an AI chatbot that can help students and professionals generate surprisingly compelling essays, the company is unveiling a new tool to help teachers adapt. OpenAI announced on Tuesday a new feature, called “AI Text Classifier”, which allows users to …

ChatGPT creator deploys ‘flawed’ AI detection tool to help teachers spot potential fraud Read More »

GM shares rise after record profits and new stake in lithium company

New York CNN — General Motors reported much stronger-than-expected fourth-quarter earnings, lifting annual results to record highs for the second year in a row. The largest U.S. automaker also announced on Tuesday that it is buying a $650 million stake in Lithium Americas, which will give it access to the raw material needed to build …

GM shares rise after record profits and new stake in lithium company Read More »

Mustang Mach-E: Ford lowers the price of its competitor Tesla

CNN — Ford is increasing production of its popular Mustang Mach-E electric SUV and lowering its target price weeks after Tesla cut prices for its vehicles. The move represents a substantial step back from price increases Ford announced last summer on 2023 models – but buyers may still be paying a bit more than before …

Mustang Mach-E: Ford lowers the price of its competitor Tesla Read More »

Adani Group slams ‘Hindenburg’s attack on India’ as stock rout hits $70bn

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-electricity conglomerate. Hindenburg Research published its report on the affairs of billionaire Gautam Adani last week, accusing the group or “brazen stock manipulation and accounting fraud …

Adani Group slams ‘Hindenburg’s attack on India’ as stock rout hits $70bn Read More »

Trader Joe’s asked its customers to rank their top nine products. Here they are

New York CNN — Trader Joe’s asked its customers a simple question: if you were to spend the rest of your life on a desert island, which nine Trader Joe’s products would you take with you? More than 18,000 customers responded to its 14th annual survey ranking the grocery store’s most popular items in nine …

Trader Joe’s asked its customers to rank their top nine products. Here they are Read More »

In Japan, pet fish playing Nintendo Switch run up bill on owner’s credit card

CNN — Here’s something you don’t see everyday. Pet fish playing a video game in Japan managed to log on to the Nintendo Switch store, change their owner’s avatar, set up a Pay Pal account and rack up a credit card bill. And it was all seemingly livestreamed, in real time, on the internet. The …

In Japan, pet fish playing Nintendo Switch run up bill on owner’s credit card Read More »