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These older Ford cars, SUVs pose unreasonable safety risks, NHTSA says
DETROIT -- The National Highway Traffic Safety Administration on Monday upgraded a defect investigation in older Ford cars and SUVs over what it believes to be "unreasonable risk to motor vehicle safety."
Of concern is a risk that the timing belt may fail and cause the vehicles to lose power. The U.S. auto safety regulator opened the ...Read more
US and Japan aim to transform yen landscape with joint moves
U.S. and Japanese officials warned investors they’re determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years.
It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and ...Read more
Stocks close near record as Amazon tops $3 trillion market cap
U.S. stocks rose on the first trading day of the month as attention turned to this week’s heavy slate of earnings reports.
The S&P 500 Index closed 1.5% higher, close to a record high, while the Nasdaq 100 Index advanced 1.8%. The Philadelphia Semiconductor Index, known as the SOX, added 1.1%.
U.S. stocks had closed out July with a gain on...Read more
FAA certifies Boeing's 737 MAX 7, its smallest MAX model
SEATTLE — After nearly a decade, federal safety regulators have cleared Boeing’s 737 MAX 7 to fly with passengers.
The Federal Aviation Administration said Monday it completed an “extensive review,” and issued an amended type certificate and updated Production Limitation Record for the MAX 7, the smallest variant of Boeing’s MAX ...Read more
Drones bring packages, plus noise and privacy concerns in Michigan
PONTIAC, Mich. — A drone lifts off from an Amazon facility with a package secured tightly beneath. It climbs over Metro Detroit neighborhoods on its way to a customer's doorstep — and into a growing debate over noise, privacy and who controls the skies.
Amazon is betting drones will reshape package delivery. Amazon Prime Air launched in the...Read more
Struggling to survive, South LA's MLK hospital seeks greater share of county funds
LOS ANGELES — Martin Luther King Jr. Community Hospital in Willowbrook is the main emergency medical care option for hundreds of thousands of South Los Angeles residents, but space is so tight that many patients are treated in large metal-frame tents on the pavement outside.
On a recent summer day, loud air conditioners blew cool air as ...Read more
Ag industry sounds off on California packaging law changes. Who really benefits?
SACRAMENTO, Calif. — There’s a lot of talk in the agriculture industry these days around Senate Bill 54 — California’s Plastic Pollution Prevention and Packaging Producer Responsibility Act.
Lawsuits are flying. Letters are being sent to Gov. Gavin Newsom’s administration and the state Legislature. Public comments are in abundance.
A...Read more
Driverless cars have touched down in Tampa. Here's what to know
TAMPA, Fla. – Fleets of autonomous, unmanned cars have descended upon Tampa.
Elon Musk’s robotaxis hit the streets last week, and curious passengers are already hitching rides in the self-driving vehicles. But Tesla – which touted the technology as the next best thing to its investors – isn’t the only company launching driverless cars...Read more
US and Japan aim to transform yen landscape with joint moves
U.S. and Japanese officials warned investors they’re determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years.
It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and ...Read more
AI weeds out older and minority job applicants, lawsuit against Workday claims
A lawsuit claiming that Workday, the dominant human resources platform, uses artificial intelligence tools that discriminate against older, minority and disabled applicants could have far-reaching consequences here and elsewhere.
With Maryland’s largest private employer, Johns Hopkins, preparing to shift much of its hiring process onto ...Read more
AI and chips are turning Malaysia into Asia's growth standout
Joel William is about to begin a feasibility study for a Chinese client weighing a chemical plant in Sarawak, Malaysia’s biggest state on the northern coast of Borneo.
Just two years ago, the manufacturer, whose products are used in chip production, had planned to build the factory in the Middle East after securing funding there. The conflict...Read more
AI isn't a catch-all trade for stocks in this earnings season
Equity investors are learning a harsh lesson this corporate earnings season: Not all artificial intelligence trades are created equal.
While profits at S&P 500 and Stoxx Europe 600 constituents as a whole are tracking one of the best quarterly increases in years, traders have been much more discerning about how much cash is being spent on ...Read more
Big nuclear fusion project makes progress with components from San Diego's General Atomics
A massive nuclear fusion project in France recently completed inserting six critical sector modules built and tested by San Diego-based General Atomics that form the core of ITER — an ambitious international effort to try and unlock the vast potential of fusion as a global energy source.
Stacked atop one another, the modules make up what’s ...Read more
Paramount, state attorneys general spar over antitrust trial date
Paramount Skydance Chairman David Ellison and California Attorney General Rob Bonta are clashing again — this time over when the antitrust trial to determine whether Paramount can complete its nearly $111-billion takeover of Warner Bros. Discovery should begin.
In court documents Friday, Bonta and his coalition of 11 other Democrat attorneys ...Read more
Apple suffers worst rout since 2025 on disappointing outlook
Apple Inc. suffered its worst stock decline in 16 months after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.
Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings ...Read more
Elon Musk's fortune slumps to pre-SpaceX IPO levels after rout
SpaceX pulled off a successful launch last Friday evening at its Starbase facility in South Texas, sending its Starship rocket into orbit. It hasn’t stopped Elon Musk’s fortune from falling back to Earth.
The world’s first trillionaire is now poorer than he was before SpaceX’s initial public offering priced last month, according to the...Read more
Amazon to pass on some of its $600 million tariff refunds to customers
Amazon told Wall Street it received around $600 million in tariff refunds last quarter and plans to pass on some to customers.
The Seattle-based e-commerce giant disclosed the refund in its earnings call with analysts on Thursday, when Amazon announced it beat Wall Street’s expectations with a 20% revenue increase from last year.
The $600 ...Read more
Kashkari: It's time for the Fed to raise interest rates
Federal Reserve Bank of Minneapolis President Neel Kashkari wants the Fed to start raising interest rates as inflation stays high.
Kashkari was one of three regional bank presidents to oppose a Federal Open Market Committee (FOMC) decision Wednesday to leave rates unchanged, saying the central bank should instead raise rates a quarter point.
�...Read more
UAW presidential hopefuls attack Shawn Fain during candidate forum
WASHINGTON — Six candidates seeking to become president of the United Auto Workers faced off in an online forum Thursday night filled with critiques and attacks against current union leader Shawn Fain.
Fain, in an opening statement, touted his accomplishments since winning a 2023 election to head the organization and preempted criticisms of ...Read more
Taco Bell was crushing it--then cyclosporiasis hit
Taco Bell was sitting solidly in the sweet spot for fast food in troubled times.
The Irvine-based chain had developed a menu that was affordable enough for consumers worried about inflation and also fun enough for those looking for more than just hamburgers and pizza. Its sales and stock price were soaring. Then came cyclosporiasis.
A massive ...Read more
Popular Stories
- AI weeds out older and minority job applicants, lawsuit against Workday claims
- Big nuclear fusion project makes progress with components from San Diego's General Atomics
- Drones bring packages, plus noise and privacy concerns in Michigan
- Driverless cars have touched down in Tampa. Here's what to know
- AI isn't a catch-all trade for stocks in this earnings season
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