Business News

Why you should open a long-term CD before the July Fed meeting
2024-07-22 17:16:17
With the next Federal Reserve meeting set for July 30, savers should open a long-term CD right now. Here's why.
Gas leaks cost US fire departments more than half a billion dollars each year, finds study
2024-07-22 17:05:48
Responding to gas leaks cost U.S. fire departments over $564 million in 2018, according to a new study published in Energy Policy. The study, led by PSE Healthy Energy, is the first to estimate the financial burden placed on first responders by gas leaks. In 2018, New York City experienced 22,090 gas leak incidents—more than the next 25 cities combined—conservatively costing the city $70 million.
First megawatt charger for electric trucks unveiled
2024-07-22 17:05:47
With partners from industry and research institutions, the Technical University of Munich (TUM) is trying to make battery-powered trucks viable for long-distance cargo transport. Megawatt charging represents an important step toward this goal.
Q&A: Engineering skills to get a job in the 'new industrial revolution'
2024-07-22 17:05:47
If you want to learn how to get a job as an engineer on the modern manufacturing floor overseeing improvements and collaborating with both people and robots, it helps to ask an expert for her advice.
One small update brought down millions of IT systems around the world—it's a timely warning
2024-07-22 15:56:49
This weekend's global IT outage caused by a software update gone wrong highlights the interconnected and often fragile nature of modern IT infrastructure. It demonstrates how a single point of failure can have far-reaching consequences.
Nigeria's chronic power shortages: Mini grids haven't solved the problem—here's why
2024-07-22 15:06:21
Electricity is a scarce commodity in Nigeria. With just over 4,000 megawatts supplying nearly 220 million people, the electricity access deficit stands at about 40% nationwide. The picture looks even darker in rural areas. There, 73% of the population is off the power grid.
Microsoft-CrowdStrike outage: How a single software update was able to cause IT chaos across the globe
2024-07-22 15:06:21
The world as we know it increasingly relies on digital connectivity that, for the most part, works quietly and invisibly in the background. So how did a single software update bring down half the internet?
Carbon fiber composite sensors offer solution for efficient traffic monitoring
2024-07-22 14:14:38
A breakthrough in traffic monitoring technology has been achieved by a research team affiliated with UNIST. The team unveiled sensors that can monitor traffic and road conditions in real-time, while strengthening buildings and road structures.
Troubled Boeing stays close to the ground at a major UK air show
2024-07-22 13:25:10
European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world's biggest aviation trade fairs. But an ongoing safety and manufacturing crisis has rival Boeing keeping a lower profile at the Farnborough International Air Show.
Korean Air orders 40 Boeing planes
2024-07-22 13:25:10
Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough airshow, handing a boost to the embattled US aviation giant.
Small businesses grapple with global tech outages created by CrowdStrike
2024-07-22 08:46:33
An owner of a consumer insights research firm couldn't pay her employees, make Friday's deadline to sign a contract for a new business or send key research to a key client. A psychiatrist, who runs a virtual mental health practice in Maryland, saw his business hobbled as some of his virtual assistants and therapists couldn't either make phone calls or log on to their computers. And a restaurant owner in New York City was worried about how he was going to pay his vendors and his workers.
Delta Air Lines says cancellations continue as it tries to restore operations after tech outage
2024-07-22 08:46:33
Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights.
Wells Fargo ordered to pay $22 million for firing executive who alleged financial misconduct
2024-07-22 05:09:56
The U.S. Department of Labor concluded that Wells Fargo retaliated against a former executive who alleged financial misconduct. The company disagrees.
FTC orders Credit Karma to pay users $3M after 'falsely' claiming they were preapproved
2024-07-22 05:09:55
Credit Karma is in hot water. The FTC has ordered the company to pay $3 million, alleging they 'falsely' claimed that were preapproved.
Sneak peek: Take an early tour of KLM airlines' new Premium Comfort cabin
2024-07-22 05:09:53
KLM invited USA TODAY to a preview flight in its new Premium Comfort cabin, featuring bigger seats and upgraded onboard service.
We're in the era of celebrity-backed booze: Why it might 'have a lot of room to grow'
2024-07-22 05:09:52
George Clooney. Nicki Minaj. Dwayne Johnson. Snoop Dogg. They've all tapped into the celebrity-backed alcohol market. Many have seen success.
More Hollywood movies could be licensed for Apple TV+ streaming
2024-07-21 22:29:48
Subscribers of Apple TV+ could get a lot more choice of what to watch, with Apple allegedly in talks to license more Hollywood films for the service.
Laureen Powell Jobs pays $70 million to break San Francisco house price record
2024-07-21 22:29:26
Businesswoman and philanthropist Laurene Powell Jobs has bought a 100-year-old mansion in San Francisco's Billionaires Row, spending $70 million on the 17,300-square-foot home.
Microsoft's massive outage now hits Apple Pay terminals worldwide
2024-07-21 22:29:24
The vast majority of corporate IT worldwide is struggling on Friday morning, with things as mundane as point-of-purchase, and as complex as flight management not working because of a bad Windows security patch by security firm CrowdStrike.
Lack of vetting let Figma's AI tool copy Apple's app designs
2024-07-21 22:29:21
Figma's ill-fated Make Designs feature created designs based on existing apps, including some from Apple. Figma says it's because new elements weren't tested enough before its launch.

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