America’s AI race among U.S. tech titans got suckered after Chinese AI app DeepSeek crashed onto the scene, sending investors into reverse.   The tech-heavy Nasdaq Composite nearly erased its gains for the year, falling 3% on Monday.  DeepSeek’s model appears able to match the capability of chatbots like OpenAI’s ChatGPT and Meta’s Llama but

Target’s decision to scale back its diversity, equity and inclusion (DEI) programs is being met with backlash from the LGBTQ+ community on the Minneapolis-headquartered retailer’s home turf. Target announced Friday that it will implement some changes to its “Belonging at the Bullseye” strategy, including ending its three-year DEI goals and ending its Racial Equity Action

The latest artificial intelligence (AI) models launched by Chinese startup DeepSeek have spurred turmoil in the technology sector following its emergence as a potential rival to leading U.S.-based firms. DeepSeek wrote in a paper last month that it trained its DeepSeek-V3 model with less than $6 million worth of computing power from what it says are

President Donald Trump, inaugurated Monday, didn’t miss a beat in getting right to work. In just five days, he has signed a slew of executive orders related to artificial intelligence; cryptocurrencies; and diversity, equity and inclusion, also known as DEI, and he’s promising a shakeup within the federal workforce.  In this edition of the FOX

Costco shareholders have roundly rejected a proposal calling for a report on the risks associated with keeping its diversity, equity and inclusion (DEI) efforts in place, the wholesale club said Thursday. Preliminary results show that some 98% of shareholders voted against the measure, according to the company. Last month, Costco’s board of directors came out

UnitedHealth Group on Thursday announced the new leader of its insurance division, UnitedHealthcare, after last month’s alleged targeted killing of former CEO Brian Thompson.  Tim Noel, who most recently served as CEO of UnitedHealth Group’s Medicare and retirement business, will step into the top job at UnitedHealthcare after Thompson’s killing. Noel has worked for the

Oracle founder Larry Ellison said the massive artificial intelligence (AI) infrastructure project dubbed Stargate is helping to fuel the development of a cancer vaccine.  President Donald Trump announced this week that Oracle, OpenAI and Softbank joined forces to launch Stargate, which will build data centers in the U.S. to power AI. Ellison, also Oracle’s chief

President Trump was sworn in amid much fanfare and celebration, and then he got right to work Monday. He started with a hiring freeze for federal workers and a regulatory freeze as part of a slew of executive orders, but taming the U.S. fiscal situation may prove more challenging.  “The biggest headwind is probably the

The relationship between Wall Street’s top cop and the U.S. cryptocurrency industry is on the mend following more than four years of friction. On Tuesday, the Securities and Exchange Commission announced it is spearheading efforts to establish a regulatory framework for digital assets with the creation of a new crypto task force. The initiative, which

President-elect Trump took the $3.5 trillion cryptocurrency industry by surprise Friday night, announcing the launch of his own crypto token called $Trump coin. The launch is on its way to becoming one of the most successful in history. In less than 24 hours, $Trump coin rose from just a few cents to around $30, a