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Fitch Downgrades U.S. Credit Rating
Business

Fitch Downgrades U.S. Credit Rating

The agency said that the downgrade reflects an “erosion of governance.” The rating on the U.S. now stands at AA+, or one notch below the

TSA's New Tech Can Make Airport Screening Faster. Travelers Aren't So Sure.
Business

TSA's New Tech Can Make Airport Screening Faster. Travelers Aren't So Sure.

Passengers blame new screening machines for slowing them down at airport security, while the TSA says crowds are a bigger factor. Source link

Yellow's Shutdown Could Cost Taxpayers Money
Business

Yellow's Shutdown Could Cost Taxpayers Money

Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by

Jobs Market Shows Signs of the Gradual Cooling the Fed Wants
Business

Jobs Market Shows Signs of the Gradual Cooling the Fed Wants

Employer demand for workers slipped slightly in June to its lowest level in more than two years. Source link

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Business

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease

Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle another disease: a rare autoimmune condition that

Companies Weigh Growing Power of Cloud Providers Amid AI Boom
Business

Companies Weigh Growing Power of Cloud Providers Amid AI Boom

A wave of partnerships between AI model makers and cloud providers is leading tech chiefs to assess the benefits of convenience versus becoming too reliant

TSA's New Tech Can Make Airport Screening Faster. Travelers Aren't So Sure.
Business

TSA's New Tech Can Make Airport Screening Faster. Travelers Aren't So Sure.

Passengers blame new screening machines for slowing them down at airport security, while the TSA says crowds are a bigger factor. Source link

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall
Business

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said. Source link

Americans' Thirst for Diageo's High-End Spirits Slows
Business

Americans' Thirst for Diageo's High-End Spirits Slows

The owner of Johnnie Walker scotch said sales of its $50-a-bottle liquor are growing more slowly as pandemic-era spending patterns fade. Source link