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Cris Tolomia

Cris Tolomia

Quartz

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Caterpillar is investing $1 billion in a new North Carolina manufacturing plant

The equipment maker plans to build a facility in Sanford to boost production of compact track loaders and telehandlers

yesterday 2

Quartz

Cris Tolomia

Commerce Secretary Howard Lutnick reported more than $250 million in income in 2024

A $192 million distribution from Cantor Fitzgerald made up the largest share of the income Lutnick reported in his first year in government

yesterday 2

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Cris Tolomia

Economist Daniel Lacalle favors U.S. tech and gold over government bonds

The Tressis chief economist says AI fears are misplaced and that human error poses a greater risk than the technology itself

yesterday 0

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Cris Tolomia

House Democrat probing Amazon, Google, Meta, and Oracle over data center NDAs

Rep. Jamie Raskin is demanding the companies hand over secrecy agreements signed with local officials and disclose projected electricity and water use

yesterday 1

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Cris Tolomia

Ford and JPMorganChase launch Michigan manufacturing platform with $3 billion in aspirational commitments

The public-private initiative pairs innovative suppliers with industrial buyers, financing, and state resources to scale domestic production

yesterday 0

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Cris Tolomia

Trump's Section 301 forced-labor tariffs are being challenged in trade court again

A panel of three judges heard arguments Wednesday from small businesses and 25 states who say the duties covering 99.4% of U.S. imports exceed the...

yesterday 0

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Cris Tolomia

Cal-Maine Foods swung to a $58.6 million loss as egg prices collapsed

The largest U.S. egg producer posted a 42% drop in net sales as an industry oversupply drove conventional egg prices down nearly 60%

yesterday 3

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Cris Tolomia

Ford's F-150 supplier disruption is weighing on the company's third-quarter sales

A component shortage halted F-150 production at a Michigan plant for about a week, compounding an already difficult year for Ford truck sales

yesterday 2

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Cris Tolomia

Automaker EV charging coalition IONNA has more than doubled its U.S. network in 2026

The automaker-backed network now has more than 180 sites nationwide and ranked first among DC fast chargers in J.D. Power's 2026 satisfaction study

yesterday 2

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Cris Tolomia

FTC is investigating OpenAI, Anthropic and other AI companies over product safety risks

The agency confirmed the probe on Wednesday; it first opened the investigation this summer, according to CBS News

yesterday 0

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Cris Tolomia

Eli Lilly's weight loss drug combo shed 23% of body weight, topping its own blockbuster

EloraTZP, which pairs tirzepatide with experimental drug eloralintide, outperformed tirzepatide alone in a 48-week Phase 2 trial in patients with...

yesterday 0

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Cris Tolomia

OpenClaw Foundation is launching a free, open-source enterprise control plane for AI agents

The platform, developed with Red Hat and Nvidia, adds security boundaries, governance, and auditing for persistent agents running on company...

yesterday 1

Quartz

Cris Tolomia

Logitech CEO is "begging and borrowing" chips as AI demand tightens supply

Hanneke Faber says she spent the summer scouring Asia and Switzerland for chips and doesn't expect relief for 12 to 18 months

yesterday 1

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Cris Tolomia

The most reliable used cars you can buy under $20,000 in 2026, ranked

These five used cars under $20,000 combine long-term durability, low repair costs, and strong resale value for budget-minded shoppers

yesterday 2

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Cris Tolomia

Senate is set to vote on a stock-trading ban and data center bill before election recess

Neither bill is expected to clear the 60-vote filibuster threshold, with Democrats signaling opposition to both measures

yesterday 2

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Cris Tolomia

9 things to know about the Harry Potter HBO series before Christmas 2026

Everything confirmed about HBO's Harry Potter series, from its Christmas 2026 premiere to the cast, score, and trailer.

yesterday 1

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Cris Tolomia

Hormel Foods is buying family-owned chicken company Brakebush Brothers for $1.06 billion

The deal, expected to close in early 2027, would add roughly $1.2 billion in annual sales to Hormel's foodservice business

yesterday 1

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Cris Tolomia

Target is slashing prices on nearly 2,000 home and apparel items for the holidays

The reductions build on more than 10,000 price cuts Target has made over the past year, with some items now 20% below last year's prices

yesterday 2

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Cris Tolomia

DoorDash is opening its first India office in Hyderabad, with plans to hire 3,000

The food delivery company's new global technology hub will start with 500 workers and scale over two years, the Telangana state government said

yesterday 0

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Cris Tolomia

Bank of England warned that AI valuations remain vulnerable to a sharper correction

The FPC said a bigger shock to earnings expectations could trigger a steeper selloff than July's, with spillovers to sovereign debt markets

yesterday 1

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Cris Tolomia

Six Flags is permanently closing its X2 roller coaster amid brain injury lawsuits

The ride has been linked to at least two deaths and dozens of brain injury claims, with more than 100 new victims coming forward last week

yesterday 1

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Cris Tolomia

Situational Awareness's collapse is revealing record levels of stock market leverage

Hedge funds had borrowed nearly $3.7 trillion from banks as of midyear, the highest amount in more than a decade, according to the Treasury Department

yesterday 1

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Cris Tolomia

Dunkin' is rolling out 12 new Halloween drinks — and skipping the Spider Donut

The chain's Halloween lineup includes a Green Apple Dunkin' Zero energy drink and Purple Marshmallow Cold Foam across a range of new beverages

yesterday 3

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Cris Tolomia

Mattel is replacing its longtime CEO with Condé Nast's Roger Lynch

Lynch, who has served on Mattel's board since 2018, will take over as chairman on Oct. 2 and as CEO no later than Nov. 2

yesterday 2

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Cris Tolomia

Conagra Brands posted earnings of 41 cents, blowing past Wall Street's 28-cent forecast

The packaged foods company reaffirmed its fiscal 2027 guidance despite a 1.4% drop in net sales and continued volume declines

yesterday 3

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Cris Tolomia

DeepSeek and Huawei are partnering to build open-source AI chip software to cut Nvidia reliance

DeepSeek released six software modules for Huawei's Ascend platform, including a version of its TileLang programming language designed to rival...

yesterday 3

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Cris Tolomia

Amazon Web Services is paying Synopsys more than $1 billion for chip design blueprints

The multi-year agreement makes Amazon the lead customer for Synopsys' expanded silicon IP business, which is shifting to a license-plus-royalty model

yesterday 1

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Cris Tolomia

Treasury is auto-enrolling 60 million children in Trump Accounts starting this week

Temporary regulations published Tuesday eliminate the opt-in requirement that had kept participation low, particularly among lower-income families

yesterday 3

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Cris Tolomia

General Mills is naming its COO as CEO, its first woman to hold the role

Dana McNabb, who has spent 27 years at the company, will take over on Jan. 1, 2027, as General Mills works to return to profitable growth

yesterday 2

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Cris Tolomia

Apple launched Apple Pay in India, entering a market dominated by Google Pay

The rollout is limited to Axis Bank Visa and Mastercard credit cards at launch, entering a market dominated by UPI, Google Pay, and PhonePe

yesterday 3

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Cris Tolomia

Trump is sending $500 Obamacare refund checks to nearly 1 million Americans

Treasury Department checks will go to more than 950,000 people across 30 states who used the federal health insurance exchange

yesterday 0

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Cris Tolomia

Hedge funds are holding a record 7% of the $30 trillion Treasury market

Their cash Treasury holdings hit $2 trillion at end of 2025, nearly triple their level five years earlier, raising leverage and stability concerns

yesterday 2

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Cris Tolomia

Ford's CEO warned the U.S. not to repeat Europe's mistake on Chinese automakers

Jim Farley said Europe failed to act deliberately enough as Chinese brands' market share there climbed to 12% by August

yesterday 1

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Cris Tolomia

U.S. private sector added 90,000 jobs in September, beating forecasts, ADP says

The figure topped the Dow Jones consensus estimate of 68,000 and reversed a three-month slowdown in hiring

yesterday 0

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Cris Tolomia

Palantir CEO Alex Karp bought 37,000 acres of Swedish forest — and locals found out when hunters lost their leases

Karp made the purchase through a newly registered company for $22 million; local hunters learned of the deal when their leases were canceled

yesterday 1

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Cris Tolomia

Fed's preferred inflation gauge revised down to 5% in Q2

The Bureau of Economic Analysis also revised second-quarter GDP up to 2.2%, from a prior estimate of 1.5%

yesterday 2

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Cris Tolomia

Alaska Airlines is moving to join American's transatlantic and transpacific revenue-sharing deals

The carriers plan to file for antitrust immunity with the U.S. Department of Transportation, with approval expected to take months

yesterday 2

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Cris Tolomia

Tech analyst Dan Ives is launching a $200 million fund to buy private AI companies

The Ives Ultra AI Opportunities fund priced its IPO on Wednesday and will trade on the NYSE under the ticker IVAI

yesterday 0

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Cris Tolomia

McKinsey says AI might push 11 million U.S. workers into entirely new careers by 2035

The consulting firm's research arm says AI and automation could force a workforce shift larger than any in U.S. history

yesterday 0

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Cris Tolomia

Holiday retail sales are set to top $1 trillion for the first time, powered by inflation

Bain projects holiday sales will top $1 trillion for the first time, but more than half of that nominal growth will come from higher prices

yesterday 2

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Cris Tolomia

Switching to Novo Nordisk's weight loss pill helped people keep shedding pounds

A real-world study of 194 patients found those who switched to the daily pill lost an average of 8.8 pounds over 3 months

yesterday 2

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Cris Tolomia

Canada is threatening to sue Cleveland-Cliffs over Stelco layoffs tied to Trump tariffs

Prime Minister Mark Carney says Cleveland-Cliffs has binding employment obligations from its 2024 takeover of the Canadian steelmaker

yesterday 2

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Cris Tolomia

Meta slashed its federal tax bill nearly 71% by labeling AI data centers experimental

The company's research tax credits trimmed $3.9 billion from its 2025 tax bill, up from $700 million in 2023

yesterday 1

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Cris Tolomia

Eli Lilly's experimental weight loss drug shed 21% of body weight in diabetes trial

Participants with a higher starting BMI lost up to 23% of body weight, the most ever recorded in a drug trial for diabetes patients

yesterday 0

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Cris Tolomia

U.S. is offering the last 40 million barrels from its emergency oil reserve as fuel prices surge

The release completes the U.S. share of a March accord with IEA member nations to put 400 million barrels on global markets

yesterday 3

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Cris Tolomia

Boeing landed a $20 billion Navy contract to build the U.S.'s next-gen fighter jet

The sixth-generation aircraft will replace the F/A-18 Super Hornet and is expected to begin deliveries in the 2030s

yesterday 0

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Cris Tolomia

Robinhood is launching AI trading agents and weekend stock trading for active traders

The brokerage also unveiled perpetual futures and earnings contracts at its annual HOOD Summit event in Houston

yesterday 2

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Cris Tolomia

First-of-its-kind suit seeks to hold OpenAI liable for AI's cyberattack

Legal Advocates for Safe Science & Technology filed suit in San Francisco Superior Court on Tuesday, seeking an injunction against OpenAI's unsafe AI...

yesterday 2

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Cris Tolomia

Mortgage rates just hit a near 3-year high, sending demand down 6%

The average 30-year fixed rate climbed to 7.30% last week, pushing refinance applications down 9% and purchase applications down 4%

yesterday 1

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Cris Tolomia

Ken Griffin pledged a record $3 billion to Carnegie Mellon — including a new Miami campus

The Citadel CEO's gift will fund a new 35-acre campus in Miami's Wynwood neighborhood, with students expected to enroll in 2028

yesterday 1

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Cris Tolomia