United Airlines grapples with pilots avoiding the captain’s chair

Reuters | July 18, 2023

By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines first officer Phil Anderson has turned down opportunities to be promoted to captain as he does not want the unpredictable schedule that comes with the bigger paycheck. Anderson is one of many who have passed on that promotion at United, and analysts and union officials said […]

Wall St ends higher with earnings poised to ramp up

Reuters | July 17, 2023

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed. Companies scheduled to report earnings this week include Tesla and Netflix, while […]

Tucker Carlson to create a new media company – WSJ

Reuters | July 14, 2023

(Reuters) – Former Fox News host Tucker Carlson and former White House adviser Neil Patel are looking to raise funds to start a new media company that could potentially be anchored on Twitter, the Wall Street Journal reported on Friday. The duo is looking to raise hundreds of millions of dollars to fund the company, […]

US FTC opens investigation into OpenAI over misleading statements – document

Reuters | July 13, 2023

(Reuters) -The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The FTC this week sent a 20-page demand for records about how OpenAI — the maker […]

US airline stock valuations stuck on runway despite travel boom

Reuters | July 12, 2023

By Rajesh Kumar Singh CHICAGO (Reuters) -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of consumer spending. Airline shares have suffered because of bearish sentiment about the broader economy as interest rates are up […]

EV charger maker Tritium wins order from Hawaii under federal funding program

Reuters | July 11, 2023

By Abhirup Roy SAN FRANCISCO (Reuters) – Tritium DCFC said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers – the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. The U.S. government plans to dole out […]

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Reuters | July 11, 2023

By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year […]

Factbox-European companies cut jobs as economy sputters

Reuters | July 7, 2023

(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts since January: AUTOS * AUTOLIV: the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs, which equates […]

Uber, DoorDash sue New York City over minimum wage law

Reuters | July 7, 2023

By Daniel Wiessner (Reuters) -Uber Technologies Inc, DoorDash Inc and other app-based food delivery companies filed lawsuits on Thursday seeking to strike down New York City’s novel law setting a minimum wage for delivery workers. The companies filed separate complaints in New York state court claiming the law, which takes effect July 12, is based […]

Meta takes aim at Twitter with Threads app, millions join

Reuters | July 6, 2023

(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the […]

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