Business

Congressional lawmakers on Wednesday questioned the balance between speed and safety when discussing artificial intelligence (AI) regulations and the need for the U.S. to dominate China in the race to develop the emerging technology.Bipartisan lawmakers of the House Select Committee on the Chinese Communist Party were adamant that the U.S. must lead the AI revolution, and not an authoritarian power like China, during the hearing on Capitol Hill."China is making […]

Boeing and the Federal Aviation Administration (FAA) caused "multiple system failures" that led to an Alaska Airlines door blowing off mid-flight in January 2024, the National Transportation Safety Board (NTSB) said during a meeting on Tuesday.The incident with the Boeing 737 Max 9 occurred on Flight 1282 shortly after takeoff from Portland, Oregon, and was caused by door plug bolts that were removed during repairs and never reinstalled. The missing […]

Microsoft is planning another round of cuts at Xbox as part of the tech giant's ongoing reorganization.Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division in the past 18 months, the outlet reported. Several video game studios at the company's Xbox division were shuttered in 2024, […]

President Donald Trump tore into Spain over its refusal to adhere to the North Atlantic Treaty Organization’s (NATO) new 5% defense spending target during a press conference Wednesday. "They’re the only country that won’t pay up, they want to stay at 2%," said Trump. "I think it’s terrible. And you know, they’re doing very well, the economy." Trump said that as a result of Spain’s refusal, the U.S. was negotiating a […]

Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of parts detaching while driving, the U.S. National Highway Traffic Safety Administration said on Tuesday.FORD USES ITS DEALERSHIP EMPIRE TO REVAMP HOW CORPORATE AMERICA HELPS CHARITIESThe recall, which affects 132,914 Lincoln Aviator models between the years of 2020 and 2025, is due to possible insufficient adhesive bonding of the C-pillar trim […]

Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators. The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, President Donald Trump’s proposed tariffs, and the outlook for interest rate cuts. While those issues are likely […]

Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company's stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC).Huang's stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions on Friday and Monday.The stock sales are part of a plan that Huang and Nvidia disclosed in their most recent quarterly […]

General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas. "I'm actually looking forward to working with the president and with the administration, because I think we can grow the importance of the auto industry and […]

E-commerce giant Amazon is investing more than $4 billion to triple the size of its delivery network by 2026 with a focus on expanding delivery services across rural America.Tens of millions of U.S. customers in more than 4,000 smaller cities, towns and rural communities will get access to same-day and next-day delivery by the end of the year, the company announced on Tuesday. It's the latest development in its effort […]