Business News

Microsoft blames European Commission for global CrowdStrike catastrophe
2024-07-28 01:06:33
The worldwide outage of Windows PCs was because of European Commission demands, says Microsoft, and we should get used to it.
Unionized Apple Store workers to vote on three-year agreement
2024-07-27 17:07:41
Some 85 employees of the first unionized Apple Store in Towson, Maryland will vote on the first union-negotiated agreement with Apple to improve working conditions on August 6th, 2024.
Most Americans still not sold on EVs despite push from Biden, poll finds
2024-07-27 15:54:01
Lack of easy-to-find charging stations continues to be a major reason why many adults do not purchase electric vehicles.
Ikea is hiring real people to work at its virtual Roblox store
2024-07-27 15:53:58
Ikea says it's the first brand to launch paid work on the gaming platform to "showcase how we do careers differently."
Video game makers see actors as AI 'data,' says union on strike
2024-07-27 09:54:33
Artificial intelligence was key to last year's Hollywood strikes, and it has now sparked a second walkout by those actors who work in a far larger industry, at the heart of advancing technology—video games.
US defends law forcing sale of TikTok app
2024-07-27 09:54:32
The Justice Department late Friday filed its response to TikTok's civil suit aimed at derailing a law that would force the app to be sold or face a US ban.
Senators call on Federal Trade Commission to investigate automakers' sale of driving data to brokers
2024-07-27 09:54:32
Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers' driving data to brokers who package it and then sell it to insurance companies.
Warner Brothers Discovery sues NBA over Amazon rights deal
2024-07-27 09:54:31
Warner Brothers Discovery filed a lawsuit against the NBA on Friday, claiming the US professional basketball league broke a contract by refusing a new media rights deal to accept an offer from Amazon.
Six banks settle European bond price fixing litigation in New York
2024-07-27 02:49:59
By Jonathan Stempel NEW YORK (Reuters) - Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Nomura and UBS was filed late Friday in Manhattan federal court, and requires a judge's
Musk plans largest-ever supercomputer for xAI startup: Report
2024-07-26 22:01:34
Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of compute" to support the development of his artificial intelligence startup xAI, an industry news outlet reported Saturday.
Airbus and Boeing supremacy secure despite turbulence
2024-07-26 21:42:24
Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their domination of the commercial airliner market.
US stocks in rally mode as cooling inflation boosts rate-cut hopes
2024-07-26 20:21:19
Investing.com-- U.S. stocks jumped Friday, as data showing inflation continued to cool boosted hopes for a sooner interest rate cut, pushing Treasury yields lower and stoking dip-buying action in battered tech stocks. At 14:30 ET (18:30 GMT), Dow...
3 ways your credit card debt can be forgiven
2024-07-26 16:09:12
If you're dealing with high-rate credit card debt, there are multiple routes you can take to have it forgiven.
3 ways mortgage interest rates could drop this August
2024-07-26 16:09:09
Buyers hoping for mortgage rates to drop may not need to wait much longer. Here's how it could happen in August.
How old, inefficient housing and time-of-use electricity rates are leaving some households worse off
2024-07-26 15:52:18
Australia was slow to introduce minimum building standards for energy efficiency. The Nationwide House Energy Rating Scheme (NatHERS) only came into force in 2003.
Gaming sector recovery on flamboyant display at ChinaJoy expo
2024-07-26 14:41:32
A long-haired sorcerer wearily checked his smartphone as elves and androids bustled past at the digital entertainment expo ChinaJoy on Friday, the crowds a testament to the local gaming industry's tentative recovery after a period on pause.
Electric car woes force German supplier ZF to axe jobs
2024-07-26 14:41:30
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition.
Apple agrees to abide by White House AI safeguards
2024-07-26 14:41:30
The White House on Friday said that Apple has joined more than a dozen tech firms committed to following safeguards intended to curb the risks of artificial intelligence.
Second-hand goods sellers might use coded words for sex services · TechNode
2024-07-26 13:57:56
Individuals may be using the guise of selling second-hand air conditioners to buy and sell sexual services on the Alibaba-operated second-hand goods and services platform Xianyu, according to app users who posted about an alternative use of the keyword “second-hand air conditioners” on Chinese X-like platform Weibo.
E-commerce platform East Buy’s top influencer quits, takes namesake venture for free · TechNode
2024-07-26 13:57:23
High-profile Chinese influencer Dong Yuhui has left East Buy, the e-commerce unit of private tutoring giant New Oriental, due to his “career aspirations,

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