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Categories Economy

Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

Author August 9, 2024

LONDON — 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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Categories Economy

Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor

Author August 9, 2024

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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Categories Economy

‘People are stretched’: Average consumer now carries $6,329 in credit card debt

Author August 9, 2024

Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The

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Categories Economy

Costco cracks down on sharing membership cards

Author August 9, 2024

The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on sharing

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Categories Economy

Costco cracks down on membership card sharing

Author August 9, 2024

The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on membership

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Categories Economy

NTSB grills Boeing execs on safety culture and retaliation allegations

Author August 8, 2024

Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of retaliation linked

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Categories Economy

Why ‘wardrobing’ retail fraud soars in the summer

Author August 8, 2024

A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with

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Categories Economy

Stocks fall as comeback rally falters; Dow lower by 100 points

Author August 8, 2024

Stocks slipped into the red as markets closed Wednesday, losing gains from earlier in the day as Wall Street failed to recoup

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Categories Economy

In a reversal, Disney’s media assets are starting to generate more excitement than its parks

Author August 8, 2024

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Categories Economy

Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers

Author August 8, 2024

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