Business

Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman Sachs is sounding a cautious note on the U.S. economy, raising its inflation forecast and trimming its growth outlook in response to...

Jury holds Bill Cosby liable for sexual assault in 1972, awards $60 million

A civil jury in California found Monday that Bill Cosby was liable for drugging and sexually assaulting a woman in 1972 and awarded her $59.25...

Having paid $11M to voice creators to date, ElevenLabs launches Music Marketplace to let its users monetize their AI-generated tracks

AI audio startup ElevenLabs has launched a new platform called Music Marketplace, which lets musicians and creators publish tracks made with the company’s...

Markets wait for Trump and Iran to follow through on Hormuz threats

Wall Street is bracing for a Monday deadline that President Donald Trump set for Iran to reopen the Strait of Hormuz while the...

Trump gives Iran 48 hours on Hormuz, threatens power plants

President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic...

Gen Z can’t afford a house. Some parents are choosing to fund down payments over college funds

A parent wants to see their kid make it in life. Maybe that’s going to a good school. Maybe it’s curing some disease...

Streaming fraud man who pocketed $8m using hundreds of thousands of AI songs streamed billions of times by bots pleads guilty

The man at the center of what’s been described as the first-ever criminal prosecution for AI-assisted streaming fraud in the United States has...

Global recorded music revenues hit $31.7B in 2025, up 6.4% YoY; users of paid music subscriptions reach 837M

Global recorded music revenues reached USD $31.7 billion in 2025. That’s according to the IFPI, the organization that represents the recording industry worldwide.Figures...

Recession odds hit 49% for next 12 months says Moody’s Mark Zandi

With alarming headlines coming out of the Middle East, economists will be wary of sharing forecasts that might unnecessarily spook consumers or investors....
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