47% of parents still financially support adult children, study finds. Here’s how much they spend
On average, parents who financially support grown children give them more than $1,300 a month for expenses such as food, rent, cellphones and car insurance.
Reddit targets valuation of close to $6.5 billion in upcoming IPO
Reddit and selling shareholders aim to raise roughly $750 million as part of the company’s upcoming IPO at a valuation of almost $6.5 billion.
Biden team brings in $10 million in the 24 hours after the State of the Union
First to NBC News: The financial haul dwarfs some of the president’s biggest fundraising days in 2023, before his rematch with Donald Trump was set.
Salesforce’s behind-the-scenes co-founder is tackling Slack as software company turns 25
As the lesser-known co-founder of Salesforce, Parker Harris has led some of the company’s most important projects since helping launch the company 25 years ago.
McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
As the population of the Sun Belt grows, restaurant chains such as McDonald’s and Portillo’s are looking to those states for future sales growth.
Senate passes major government funding bill just in time to prevent a shutdown
The chamber approved a package of six appropriations bills ahead of a late-Friday deadline, sending it to President Joe Biden to become law after some haggling over amendments.
Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
Sam Altman rejoined OpenAI’s board of directors and the company added three new board members, along with announcing the results of an internal investigation.
Biden says he’ll ban TikTok if Congress passes bill, but he’s campaigning on it until then
President Joe Biden’s election campaign is active on TikTok at the same time lawmakers are urging ByteDance to divest the app or to ban it.
Inflation will be on investors’ minds next week as worries over sky-high valuations grow
Investors will weigh inflation data and the consumer at a time when record highs in stocks have some on edge.
Microsoft begins blocking some terms that caused its AI tool to create violent, sexual images
Microsoft has made changes to its artificial intelligence guardrails after a staff AI engineer wrote to the FTC with concerns about Copilot’s image generation.
