US Labor Secretary Intervenes In Boeing Strike
Boeing announced it will reduce 17,000 jobs and to issue 60-day layoff notices next month to thousands of employees in its commercial aviation division. The company plans to implement the layoffs in mid-January.
Trump Woos Auto Industry With Proposed Car Loan Tax Breaks
His latest proposal adds to a series of tax incentives Trump has offered to appeal to key voter groups.
OpenAI Report Reveals Over 20 AI-Driven Election Disruption Attempts This Year
The increase in AI-generated content has raised significant concerns about election misinformation. According to data from Clarity, a machine learning firm, the number of deepfakes has skyrocketed by 900% year over year.
DOJ Mulls Google Breakup; Google Calls Proposed Android/Chrome Spinoff 'Radical'
DOJ said the proposals also aims to prevent Google's past dominance from extending into the rapidly growing AI sector. The Justice Department is also considering seeking a court order requiring Google to share its search indexes, data, and AI models with competitors.
Sam's Club To Launch First Fully Digital Store Without Checkout Lines
Shoppers can use a smartphone app called Scan & Go to scan their items as they shop.
National Debt May Rise Under Harris, But Could Surge Under Trump: Study
Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.
Texas Sues TikTok Over Illegal Sharing Of Minors' Personal Data
The lawsuit, filed in Galveston County, is seeking civil penalties of up to $10,000 for each violation and injunction against further breach
Mark Zuckerberg Becomes World's Second Richest Person, Closing In On Elon Musk
As Meta's shares closed at a record $582.77 on Thursday, which is a 68% rise from early January when its shares were trading at $346.29, Zuckerberg topped Bezos' $205.1 billion net worth.
Samsung To Axe Thousands Of Jobs Amid AI Struggles: Report
Samsung is reportedly implementing workforce reductions in Southeast Asia, Australia and New Zealand as part of a broader strategy to cut thousands of jobs globally.
Verizon Restores Services After Major Outage
Users in Chicago and Seattle were among the worst hit, with some iPhone users reporting that their devices displayed "SOS" mode.
California Governor Vetoes Controversial AI Safety Bill, Calls For Science-Based Solutions
The bill's author, Democratic State Senator Scott Wiener, criticized the veto, saying that it could make California vulnerable as the companies involved in creating "extremely powerful technology face no binding restrictions."
Trump Promotes $100K 'Swiss Made' Luxury Watches Branded With His Name
The watches are the latest products Trump has introduced since the start of his third campaign including Bibles, sneakers, photo books and cryptocurrency.
Harris Proposes 'America Forward' Plan, Offers Tax Credits To Boost Domestic Manufacturing
Positioning herself as a "capitalist" who believes in "free and fair markets," Harris said her policies are pragmatic rather than ideologically driven.
US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs
Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.
California Files Lawsuit Against ExxonMobil For Misleading Public On Plastic Recycling
The lawsuit comes two years after the California attorney general launched an investigation into the fossil fuel and petrochemical industries, examining their involvement in the ongoing global crisis of plastic waste and pollution.
Citigroup's China Expansion Plans Hit After Failing To Fix Data Management, Risk Control Issues: Report
The fines have hindered the bank's ability to comply with licensing regulations in China. And, to expand its operations into China, the bank needs a clearance letter from the U.S. Federal Reserve.
Macy's Announces Plans To Hire 31,500 Seasonal Workers For Holiday Rush
The seasonal hirings to prepare for the holiday season rush will take place at Macy's, Bloomingdale's and Bluemercury stores, as well as its distribution centers. The company has also planned four nationwide in-person holiday hiring events at all stores and supply chain locations.
Amazon Raises Warehouse Workers' Minimum Pay To $22/Hour
Amazon has also announced an increase in wages for contract delivery drivers to around $22 an hour as part of its $2.1 billion investment this year in a third-party logistics program.
DOT grants conditional approval for Alaska-Hawaiian airlines merger
The merger between Alaska, the fifth-largest domestic U.S. airline, and Hawaiian, the 10th-largest carrier will bring together a 360-airplane fleet serving over 130 destinations.
Federal Court To Hear Appeal From TikTok On US Law That Could Lead To Its Ban
The court will hear arguments from TikTok's attorney, the creators' attorney and the Justice Department, which is defending the law. The parties have requested the court to decide by Dec. 6 so that the losing party gets time to appeal with the Supreme Court before the law takes effect in January.
Mastercard Boosts Cyber Resilience By Acquiring Recorded Future For $2.65 Billion
Recorded Future has been supporting Mastercard with its AI-powered analytics to spot potential threats since the beginning of this year.
Norfolk Southern CEO Alan Shaw Replaced By CFO Over Workplace Misconduct
Finance chief Mark George will be the new president and chief executive, while Jason Zampi will serve as acting CFO.
US House Advances Bill Targeting Hong Kong Trade Offices
Under the bipartisan Hong Kong Economic and Trade Office (HKETO) Certification Act, if the trade offices fail to comply with the provisions, they will have to shut down within 180 days after the certification is delivered to Congress.
US Electric Utilities Eye Additional Rate Hikes For 2024
Since 2023, regulators have approved 58% of the rate increase requests amounting to a total rate of $12.7 billion, based on the latest figures by the Regulatory Research Associates (RRA), which is part of S&P Global Commodity Insights.
Musk Denies Tesla And xAI Collaboration On AI Technology And Revenue Sharing
"The xAI models are gigantic, containing, in compressed form, most of human knowledge, and couldn't possibly run on the Tesla vehicle inference computer, nor would we want them to," Elon Musk said on X.
Major US Airlines Face Federal Probe Over Loyalty Program Practices
The four largest U.S. air carriers — Delta Air Lines Inc., American Airlines Group Inc., United Airlines Holdings Inc. and Southwest Airlines Co.— have to submit detailed reports on their reward programs within 90 days.
Harris Proposes Smaller 28% Capital Gains Tax, $50K Tax Deduction For Small Businesses
Harris pointed out her recommendation on lowering the cost of starting new businesses would help achieve her ambition about having 25 million new small business applications filed by the end of her first term.
HPE To Pursue $4B Damages Claim In UK Against Mike Lynch
HPE has now stated it will pursue his family estate for $4 billion damages. Lynch's widow, Angela Bacares, could be liable to pay the damages.
Harris Maintains Slight Lead Over Trump, Unchanged From Before The DNC: Poll
Harris surpassed Trump, securing 50% of the vote compared to Trump's 46% among all adults and registered voters. When it came to likely voters, Harris's lead widened slightly to 52% against Trump's 46%, according to a new ABC News/Ipsos poll released Sunday.
Vice President To Slam Trump For Supporting Abortion Bans In Florida
Democrats optimistic about competing in Trump's home state, Florida, as the debate on the six-week abortion ban rages.