Brandy Melville — one of the leading brands in the world of fast fashion — has sued one of its rivals, the online platform Temu, for allegedly selling counterfeits and infringing on intellectual property. The July 21 filing continues a trend of fast-fashion titans clashing in the courts. What happened? In the federal lawsuit filed…
OMAHA, Neb. (AP) — Berkshire Hathaway revealed four new investments Thursday in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders — Lennar and DR Horton — but it’s not clear if the investments are big enough to ensure that legendary investor Warren Buffett handled them. Buffett, who plans to retire as CEO…
CEOs with major controlling stakes in their billion-dollar companies have the power to make themselves richer and richer, but one 82-year-old tech leader isn’t cashing in for herself. Judy Faulkner, the CEO of Epic Systems, has been selling her non-voting shares back to the company—and redirecting the profits elsewhere. “I’ve never cashed a single share…
DeepSeek announced what appeared to be an update to its older V3 artificial intelligence model on Tuesday, declaring an enhanced version ready for testing. The V3.1 has a longer context window, according to a DeepSeek post to its official WeChat group, meaning it can consider a larger amount of information for any given query. That…
Elon Musk hated HBO’s “Silicon Valley” so much that he reportedly felt compelled to gripe about its satirical portrayal of lame “tech bro” parties — and brag to the show’s star about the superior shindigs he has attended himself. Kumail Nanjiani said that the world’s richest mogul complained to him that the tech gatherings depicted…
The global fast-fashion industry is built on speed, low costs, and constant turnover, but beneath the bargain price tags, there’s a hidden toll on both people and the planet. What’s happening? A former garment engineer, once part of the very system that churns out cheap, trendy clothing, publicly shared his firsthand account of how the…
Lip-Bu Tan, CEO of Intel, departs the White House in Washington, DC, U.S., on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images The Trump administration is discussing taking a 10% stake in Intel, according to a Bloomberg report on Tuesday, in a deal that could see the U.S. government become the chipmaker’s…
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When DeepSeek R1 launched in January, it sent shock waves through the tech world. Here was a large language model (LLM) capable of rivalling ChatGPT yet developed at a fraction of the cost. The breakthrough shifted global attention from Silicon Valley to Hangzhou, underscoring China’s emergence as a leader in artificial intelligence. This development was…
NEW YORK (AP) — After a shaky four years on Wall Street, Soho House is ready to go private again. The luxury members club operator has struck a deal with an investor group led by hotel giant MCR, which will buy its outstanding shares for $9 each in cash. Soho House’s Executive Chairman Ron Burkle…