Halo app and band Source: Amazon Amazon will no longer sell its Halo health and fitness tracker, the company announced Wednesday. Amazon unveiled the health-tracking bracelet in 2020, marking its first foray into wearable devices and a deeper move into the health care space. Halo, in combination with an app, …

Suriyapong Thongsawang | Moment | Getty Images How long economic recessions last Yet the next slowdown may not leave so quickly. Federal Reserve economists are predicting that there will be a mild recession later this year, “with a recovery over the subsequent two years,” according to the minutes of the …

Walt Disney Co. sued Florida Gov. Ron DeSantis on Wednesday, alleging the Republican has waged a “relentless campaign to weaponize government power” against the company amid a protracted fight over a controversial classroom bill. The federal lawsuit alleges that DeSantis “orchestrated at every step” a campaign to punish Disney that now …

Illumina CEO Francis deSouza on Wednesday touted the company’s controversial acquisition of Grail after revenue from the cancer test developer doubled in the last year.  The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe …

Chiquita Brooks-LaSure testifies before the Senate Finance Committee during her nomination hearing to be administrator of the Centers for Medicare & Medicaid Services in Washington on Thursday, April 15, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images Medicare will cover the new Alzheimer’s treatment Leqembi for all patients …

Momo Productions | Digitalvision | Getty Images A new bipartisan bill unveiled Wednesday would require parental consent for anyone under 18 to use social media. The Protecting Kids on Social Media Act would also bar platforms from using algorithms to feed content to minors and would set the minimum age …

Favorable climate conditions and a decrease in the cost of natural gas are fueling a European market rally, a stark contrast to energy crisis fears of last year. “We anticipated that [natural gas] costs would go up, but it’s been a pretty significant sell-off this year in terms of the …

Target is dangling a new perk to get shoppers to swing by its stores: customers can make returns without leaving their car. The curbside-returns service, which began last week at roughly a quarter of Target’s nearly 2,000 stores nationwide, will be available across the chain by the end of summer.  …

Google launched Bard AI, it’s own chatbot to rival Microsoft and OpenAI’s ChatGPT. Jonathan Raa | Nurphoto | Getty Images Google last year had a “Kodak moment” when it came to artificial intelligence, giving rival Microsoft an edge with the technology, one strategist told CNBC on Wednesday. Cyrus Mewawalla, head …

The U.S. Chamber of Commerce seal is displayed during restoration at the headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The U.S. Chamber of Commerce pitches itself as representing the interests of millions of businesses of all shapes and sizes. But lately its funding has been largely …