Business News

ZeroEyes raises $53 million, employs over 150 as demand for gun scans grows
2024-07-12 12:05:55
At a 24-hour computer center in Conshohocken, technicians for ZeroEyes monitor software tied to surveillance cameras in 42 states, checking automated reports of possible guns where they aren't supposed to be, and other security threats to crowds of commuters, students, and other groups.
China carmakers to be dominant globally despite tariffs: AlixPartnersTechNode
2024-07-12 11:44:03
Chinese brands’ market share in Europe is unlikely to reach the previously anticipated percentage of 15% by 2030, as forecasted a year ago by AlixPartners.
Here are the most and least affordable major cities in the world
2024-07-12 09:55:33
Four major cities in California were included in a Chapman University study of housing affordability around the world.
Ericsson posts $1bn quarterly loss on Vonage write down
2024-07-12 08:05:27
Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.
Evictions surge in Phoenix as rent increases prompt housing crisis
2024-07-12 04:34:59
Since March of last year, Maricopa County has led the nation in the number of eviction filings.
Having a passenger present could improve safety for drivers in semi-autonomous cars
2024-07-11 23:00:00
A simulator study shows the presence of a passenger can improve drivers' focus on the road and help them to decide when manual control is needed in self-driving vehicles, but taking back control is still difficult.
Half a million Houston-area homes and businesses still won't have power into next week
2024-07-11 22:23:36
A utility company executive warns that about half a million Houston-area homes and businesses still won't have electricity into next week as wide outages from Hurricane Beryl drag on.
Metro extension for Olympic Games
2024-07-11 21:36:38
French President Emmanuel Macron (third from right) and local officials inaugurate the extension of the Paris metro’s line 14 at the new Saint-Denis-Pleyel metro station, North of Paris, on June 24, 2024. After months of racing against time, the extension of line 14 will welcome passengers on this day, one month before the opening of the Paris 2024 Olympic Games. Photo: VCG
Analyzing cross-border and domestic early-stage financial investment in 3D printing
2024-07-11 18:03:09
Professor Silvia Massini and co-author Eugene D. Hahn analyze early-stage financial investment in 3D printing, examining key drivers and geographic patterns. Their work is published in the Journal of International Management.
Delta profits drop despite solid demand, hitting airline shares
2024-07-11 17:19:14
Delta reported lower quarterly profits Thursday despite still-strong travel demand as it moderated a plan to add capacity in the fall in light of industry overcapacity.
AI supercharges data center energy use, straining the grid and slowing sustainability efforts
2024-07-11 17:19:14
The artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.
Apple’s WWDC may include AI-generated emoji and an OpenAI partnership
2024-07-11 17:01:18
Siri won’t be your AI chatbot friend.
Boeing's fraud case shows that some businesses are still too big to fail
2024-07-11 16:40:36
In January, Alaska Airlines flight 1282 nearly fell out of the sky when it lost a door plug at an altitude of more than 10,000ft, leading to rapid decompression of the main cabin of the plane.
Why the new inflation report is good for homebuyers
2024-07-11 16:34:58
As inflation continues to cool homebuyers could finally be in store for some positive news. Here's what to know now.
Steward Health Care under federal investigation for fraud and corruption, sources tell CBS News
2024-07-11 16:34:57
The Dallas-based company, which owns hospitals in Massachusetts and seven other states, has been accused of putting profits over patients.
EU accepts Apple pledge to let rivals access 'tap to pay' iPhone tech to resolve antitrust case
2024-07-11 15:28:19
The European Union says it’s accepting Apple’s pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potential hefty fine.
Best deals you can still shop at Target's competing Prime Day sale, Target Circle Week
2024-07-11 15:27:21
Shop the best deals at Target's rival Prime Day sale, Target Circle Week, and save up to 56% on home essentials.
Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits
2024-07-11 15:27:20
Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response.
Sale of US Steel kicks up a political storm, but Pittsburgh isn't Steeltown USA anymore
2024-07-11 15:26:14
Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom.
Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion
2024-07-11 15:24:47
Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter.

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