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The Federal Trade Commission is suing the bargain chain Dollar General for what it says are "long-running deceptive pricing practices" by charging customers more once they reach the register than the prices that are displayed on shelves and in advertisements.
Twenty states joined in the complaint, filed by the U.S. District Court for the Middle District of Tennessee. It said that Dollar General failed to correct the issue despite what it said was "extensive corporate knowledge of the problem."
Anthropic files for possible biggest IPO ever
Artificial intelligence giant Anthropic has filed paperwork for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity.
Monday's filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion. An Anthropic IPO would also put the company ahead of OpenAI in going public.
Anthropic expands AI support for nonprofits
Anthropic expands its support for nonprofits as it files to sell shares publicly for the first time.
The AI company introduced a new Claude for Nonprofits plugin on Monday, developed with 30 nonprofits, to better meet their specific needs. It is also broadening its Claude Corps program, which embeds fellows with nonprofits and will soon offer consultants for smaller projects.
Wall Street rises as AI stocks keep swinging
U.S. stocks climbed amid a shaky day for markets worldwide, as AI stocks kept swinging and Brazilian stocks tumbled.
The S&P 500 rose 0.7% Monday. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite climbed 0.8%. AI-related stocks remained unsettled following weeks of sharp swings.
Microsoft offers voluntary buyouts to 60K workers
Microsoft has offered 60,000 employees, or about 27% of its global workforce, voluntary buyouts as the software giant spends heavily on artificial intelligence.
Chief People Officer Amy Coleman said in a blog post Monday that the company's voluntary exit offer was available to eligible employees in Canada, India, the United Kingdom and the United States.
Home sellers lowering prices in stagnant market
A stagnant housing market hampered by surging mortgage rates, years of soaring home prices and an economy undercut by rising inflation has many sellers stuck in limbo as homes go months without an offer.
Many have put their life on hold, unable to relocate for a new job, buy their next home or follow through with other major plans. Sellers are lowering their asking price and offering other incentives to entice buyers. But data showing there are many more sellers than buyers in the market suggests many aspiring homebuyers may not be able to afford to buy with mortgage rates climbing -- or that sellers may need to cut prices further.
Cybersecurity issue disrupts hospital
The University of New Mexico Health System is racing to fix a cybersecurity issue that has disrupted its operations.
On Monday, the hospital network had to redirect ambulances to other facilities, leaving the state without a Level 1 trauma center for treating the most serious injuries. UNM Health System has advised people not to show up at its main hospital in Albuquerque and has canceled appointments at over 30 clinics.