Business

Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported.The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is only in an early stage, according to individuals familiar with the issue, the outlet reported. The moves could impact about 20,000 […]

Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that she’s penciled in multiple rate cuts before the end of the year."I'm still concerned about the job market," Bowman, considered one of the more hawkish members of the Federal Open Market Committee, said during an interview on FOX Business Network's "Mornings with Maria." I want to see a little bit of recovery there. But, of course, I've written […]

The U.S. Mint is moving forward with a gold commemorative coin featuring President Donald Trump after a federal arts commission approved a design Thursday, with Treasury officials citing a legal authority that allows the inclusion of a sitting president despite longstanding restrictions.FOX Business confirmed with a source familiar with the Commission of Fine Arts that the design shown is the mock-up approved by the panel, clearing a key step toward […]

Four Delta Air Lines flight attendants were injured on Friday after a flight bound for Australia experienced what the airline described as "brief turbulence."The flight, carrying 245 passengers and 15 crew members, was headed from Los Angeles, California, to Sydney, Australia, when the turbulence began.The Airbus A350 was hit by the turbulence as it descended, but Delta said the aircraft landed "safely and normally" at the Sydney airport.US FLIGHT CANCELLATIONS, […]

Bizarre footage has captured the chaotic moment a service robot appeared to spin out of control at a restaurant near San Jose, California, violently striking a customer’s food and tableware without warning before abruptly breaking into a series of erratic dance moves. The wild incident was captured in a viral video in Cupertino at a Haidilao hot pot location, a chain known for integrating artificial intelligence and robotic technology to help […]

A University of Pennsylvania Wharton professor published a paper that claims Zillow users don’t know who they’re being connected with when they select an agent, alleging that Zillow-affiliated agents drive users to Zillow’s home mortgages. Professor Jerry Wind’s study showed only 0.3% of users understood they would not be connected with the listing agent when selecting the tabs "Contact an agent" or "Request a tour.""This study provides empirical evidence that Zillow's […]

Rivian and Uber on Thursday announced a partnership worth up to $1.25 billion to accelerate the two companies' plans for autonomous vehicles and deploy up to 50,000 fully autonomous robotaxis in the years ahead.Under the agreement, Uber will invest up to $1.25 billion in Rivian through 2031, subject to achieving autonomous performance milestones by specific dates. The two companies have agreed to an initial $300 million investment following the signing of the […]

Iranian strikes have cut about 17% of Doha’s liquefied natural gas (LNG) export capacity, QatarEnergy’s CEO told Reuters in an interview on Thursday.Saad al-Kaabi said the disruption could result in an estimated $20 billion in lost annual revenue and threaten supplies to Europe and Asia.The CEO of the state-owned energy company, who is also Qatar’s minister of state for energy affairs, told Reuters that damage to two LNG trains and […]

A top TSA union leader warned Thursday that airport security risks linked to the ongoing government shutdown are set to "get worse," pointing to a critical issue he says has largely gone unaddressed."TSA has been under a . . . hiring freeze since last year, so when you look at what we had in the fall, the 50 days that we had off of shutdown, we have people that left, […]