Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal…
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Business
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Business
Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation
by adminLONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and…
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Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per…
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Stock indexes had a mild rebound following a significant sell-off Monday that resulted in the market’s worst day in almost two years. The…
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Alex Ingrim knows a lot about how to move to a new country. He was studying in San Diego when a study abroad trip…
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Business
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice.
by adminDETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor.…
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Business
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
by adminMicrosoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the wake of last…
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Business
Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
by adminMortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and…
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Business
Markets are counting on the Fed to head off recession with sizable interest rate cuts
by adminIn the market’s eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat the mistakes of…
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Business
Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
by adminIn ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most…