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Former Abercrombie CEO Mike Jeffries charged with sex trafficking, interstate prostitution

File: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty Images Former Abercrombie & Fitch CEO Mike Jeffries and two other men were arrested on charges of sex trafficking and interstate prostitution that allegedly occurred when Jeffries was leading the iconic clothing brand, authorities said Tuesday. Jeffries, 80, and […]

Asian shares decline as bonds extend selloff

Asian equities declined for a second day as Wall Street stocks took a breather after notching their longest weekly rally this year. Bonds tumbled on cooling expectations of Federal Reserve rate cuts. Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That’s after equities in […]

Meta’s Threads suspends accounts showing private jet travel of billionaires like owner Mark Zuckerberg, Elon Musk and Taylor Swift 

Several Threads accounts showing publicly available data regarding the private jet travel of some of the world’s wealthiest and most famous people have been silenced. The year-old social media platform, owned by Meta, on Monday abruptly suspended an account showing flight paths of the private jet owned by Mark Zuckerberg, CEO and co-founder of Meta, […]

AI firm Nebius, split from Russia’s Yandex, plunges 26% on Nasdaq return By Reuters

By Alexander Marrow (Reuters) -Shares in Amsterdam-based Nebius Group plunged 26% when trading for the first time since February 2022 on Monday, as the AI infrastructure firm’s Nasdaq listing, formerly held by Yandex (NASDAQ:), often dubbed “Russia’s Google (NASDAQ:)”, went live.  Trading was suspended soon after Russia’s invasion of Ukraine, when the stock traded under […]

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Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images LONDON — Microsoft will allow businesses to start making their own autonomous artificial intelligence agents starting next month, taking the fight back to Salesforce, which introduced its own configurable […]