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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

Caterpillar's Sales Surge as Construction Booms
Business

Caterpillar's Sales Surge as Construction Booms

Revenue was lifted by higher sales across all three of its major segments. Source link

Uber Delivers First-Ever Operating Profit
Business

Uber Delivers First-Ever Operating Profit

The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link

Meta Offers to Seek Consent for Highly Personalized Ads in Europe
Business

Meta Offers to Seek Consent for Highly Personalized Ads in Europe

Under pressure from privacy regulators, Meta Platforms has proposed asking all users in Europe to decide whether they would like to see ads targeted based