Caller ID said Charles Schwab. It was a scammer who stole nearly $3K

A Sandy man thought his financial institution was calling to warn him about fraud. Instead, he was talking to a crook who stole nearly $3,000 from his account — now it's gone.

Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes

Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory filings published this week.

Microsoft develops AI tool that can diagnose 'sequentially' like a doctor

Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was ​more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.

City council approves zoning changes for Provo Towne Centre redevelopment

The Provo City Council approved some zoning changes on Tuesday that will allow the redevelopment of Provo Towne Centre to move forward.

Mexico's Bimbo lifts lower end of full-year EBITDA outlook

Mexico's Grupo Bimbo, among the ​world's top distributors of baked goods, on Thursday raised the lower end ‌of its adjusted EBITDA margin expansion guidance for the ⁠year.

Australia's Whitehaven Coal beats quarterly output estimates on Queensland strength

Australia's Whitehaven Coal beat market estimates for quarterly output on ​Friday, supported by robust production from its Queensland operations, and said it expected stronger cash generation through ‌the remainder of the year.

SK Hynix puts US IPO of chip unit Solidigm on hold after Seoul authorities raise concerns

SK Hynix on Friday put on hold a planned US listing for its Solidigm chip unit due to market volatility — ​a move which also comes after South Korean authorities raised concerns that the deal could undermine shareholder interests.

Hanksville businesses feeling effects of lower water levels at Lake Powell

For most people, Hanksville is a place to pass through. But for the people who live and work in this small Wayne County town, Hanksville isn't just a stop along the way. It's home, and they're proud of it.

Gilead to buy PepStar's inflammation drug program in $1.28 billion deal

Gilead Sciences said on Thursday it will ​acquire PepStar Therapeutics' oral inflammation drug program, including an experimental bowel disease treatment, for $1.275 ‌billion in cash upfront.

Apple's foldable iPhone hits stores with $2,000 price tag and scarce supply

Apple's first folding phone, the iPhone Duo, hit stores around the world on Friday with a price tag of about $2,000 and less of the fanfare that accompanied previous iPhone launches.

Moderna sheds about $24 billion as cancer vaccine data triggers 'sell-the-news' retreat

Moderna's shares sank over 25% on Thursday as late-stage trial data for its ​personalized melanoma vaccine, developed with Merck, triggered what analysts called a "sell-the-news" reaction after a months-long stock surge.

Millions in cheese revenue lost as protest torpedoes Italy's buffalo mozzarella output

A truckers' protest in southern Italy has halted the production of buffalo mozzarella, causing an estimated loss of over $3 million in just 24 hours.

Taco Bell sticks with Pepsi as sister chain switches to Coke

KFC dumped PepsiCo last week, but its sister chain Taco Bell announced Thursday it's keeping the Mountain Dew Baja Blast maker on for another decade.

Merck/Moderna cancer vaccine cuts melanoma death or recurrence risk by 42%, shares fall

Moderna and Merck said on Thursday that their mRNA cancer vaccine when combined with Merck's widely used immunotherapy cut the risk ​of melanoma death or recurrence by 42% in a large trial, potentially paving the way for a new era of personalized treatment.

Merck/Moderna cancer vaccine cuts melanoma death or recurrence risk by 42%, shares fall

Moderna and Merck said on Thursday that their mRNA cancer vaccine when combined with Merck's widely used immunotherapy cut the risk ​of melanoma death or recurrence by 42% in a large trial, potentially paving the way for a new era of personalized treatment.

External evaluators find flaws in OpenAI's AI monitoring system in pilot review

AI safety evaluators METR and Redwood Research found several new vulnerabilities in ​OpenAI's internal system, including an exploit agents could have used to keep hundreds of their actions from being monitored, in a pilot ‌review earlier this year.

Gucci sales slip again in latest blow to Kering recovery plan

Gucci sales fell in the third quarter as shoppers stayed away from its stores, its ​owner Kering said on Thursday, blowing hopes of a rapid return to growth for Luca de Meo, who took over as CEO last year.

Nippon Steel to spend $3 billion in U.S. Steel plant equipment upgrade, Nikkei reports

Nippon Steel will invest about $3 billion ​in the U.S. Steel-operated Mon Valley works in Pennsylvania to ‌upgrade the plant's hot rolling facility, the Nikkei ⁠newspaper reported on ​Thursday.

AI stocks tumble and drag down markets worldwide as oil prices climb

AI stocks are tumbling and dragging stock markets down around the world, as oil prices are rising on renewed fears of a return to war in the Middle East.

Meta's credit risk indicator hits record high on increased AI spending plan

The cost of insuring Meta Platforms' debt against default touched an all-time high ​on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out.

EBay to cut about 9% of global workforce

EBay said on Thursday it will cut about ​9% of its global workforce as part of a restructuring plan to move resources ‌to its top strategic priorities, confirming an exclusive Reuters report from ⁠earlier this week.

Airbnb rule change frees guests from chores involving 'significant effort'

Airbnb has revised its rules to reduce the tasks a host can expect a guest to perform at the end of their stay — and washing dishes has been wiped from the to-do list.

Wall St opens lower as AI jitters return, oil rises

Wall Street's ​main indexes opened lower on Thursday as ‌growth stocks came under ⁠renewed pressure ​after earnings ⁠from mega-caps ‌Tesla and ‌Meta did little to ⁠dispel ⁠doubts about AI outlook, while a rebound in oil prices added to market jitters.

Jobless claims fell to 194,000 last week, lowest since July

Unemployment claims fell to 194,000 last week, the fewest in three months and another sign that layoffs remain low and most Americans enjoy extraordinary job security.

Short sellers make $6 billion in unrealized profits as neoclouds slide on AI debt fears

Investors betting against US neocloud and data center companies have raked ​in $6 billion in paper profits so far this month, after fears their debt-fueled AI buildout was becoming unsustainable sparked ‌a selloff.

IBM falls as analysts question staying power of software rebound

IBM shares fell 6.5% in premarket trading on Thursday, as analysts said ​part of the company's third-quarter software rebound was driven by deals delayed from the previous quarter, raising questions about how ‌sustainable the boost would be.

Anthropic IPO stands alone as AI market jitters sideline others

(Corrects paragraph 11 to remove erroneous reference to Elice's listing plan)

Union Pacific tops estimates on pricing strength, flags hit from high fuel costs

Union Pacific beat Wall Street estimates for third-quarter profit on ​Thursday, helped by core pricing gains, but flagged a hit from higher fuel prices.

Comcast flags over $1 billion in restructuring charges in fourth quarter

Comcast on Thursday flagged more than $1 billion in charges for the fourth ​quarter as it changes its organizational structure, ahead of the planned spinoff of its NBCUniversal business in mid-2027.

Spotify forecasts strong profit as AI features start to pay off, shares surge

Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, banking on its AI-powered features to drive user growth ​ahead of the crucial holiday season.

S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff

US stocks tumbled on Thursday and the Nasdaq posted its steepest daily drop since early June as a batch of high-profile earnings reports ignited fresh ​fears about the AI spending race.

Samsung Electro-Mechanics gets $2.8 billion chip investment from Tesla, Nvidia, report says

South ​Korea's Samsung Electro-Mechanics will receive investment valued ‌at 3.7 trillion won ($2.8 ⁠billion) from ​Tesla ⁠and Nvidia to ‌build facilities ‌making advanced chip substrates, ⁠known ⁠as FC-BGA for AI semiconductors, the Maeil Business Newspapera reported on Thursday.