More From Ann Resuma
Biden Administration Weighs Capping Nvidia AI Chip Exports To Some Countries: Report
This new strategy would establish a cap on export licenses for some countries for national security reasons, particularly focusing on Persian Gulf countries.
Oct 15, 2024
California Governor Signs Legislation Aimed At Preventing Spikes In Gas Prices
Opponents say the new law may actually lead to higher prices.
Oct 15, 2024
Blue Cross Blue Shield To Pay $2.8 Billion To Settle US Healthcare Antitrust Lawsuit
In addition to the financial settlement, the agreement includes significant operational changes aimed at enhancing transparency and improving the efficiency of BCBS's claims processing system.
Oct 15, 2024
Deadline To File Claim For Oracle Settlement Fast Approaching
The deadline to file a claim for the settlement payout if Oracle in violation of privacy class action suit is on Thursday.
Oct 14, 2024
Man With Gun Arrested Near Trump Campaign Rally In California; Trump Not In Danger
The suspect, 49-year-old Vem Miller, denied any claims of attempting to harm the Republican presidential candidate. He called himself "100% a Trump supporter."
Oct 14, 2024
Delta Suspends Hot Meal Service On Detroit Flights Amid Food Safety Concerns
"Delta and its catering partner immediately shut down hot food production and subsequently suspended all activity from the facility. Hot food and other onboard provisioning will be managed from other facilities," the airline said in a statement.
Oct 14, 2024
AMD Launches New AI Chip Challenging Nvidia
AMD said that the chip, called the Instinct MI325X, is set to go into production before the end of 2024. The chip aims to provide developers and cloud service providers with a strong alternative to Nvidia's offerings.
Oct 11, 2024
Hurricane Milton To Push 2024 Insured Losses Beyond $100 Billion: Fitch
Fitch said that they estimate that the insured losses will be ranging from $30 to $50 billion. This will be the largest insured loss after Category 4 Hurricane Ian in 2022.
Oct 11, 2024
Boeing Strikes Back At Union With Unfair Labor Practice Charge
The strike of about 33,000 union members from the U.S. West Coast factory of the company has already entered its 5th week.
Oct 11, 2024
AppleTV+ To Become Available On Amazon Prime Video In US
AppleTV will be available on Amazon later this month as an add-on subscription.
Oct 10, 2024
Marriott Agrees To Pay $52 Million Penalty, Boost Security After Data Breaches
The Federal Trade Commission (FTC), attorneys general from 49 states, and the District of Columbia, confirmed having reached separate settlement agreements with the hotel giant on Wednesday.
Oct 10, 2024
Stellantis CEO Plans Management Rejig After Profit Warning: Bloomberg Reports
Stellantis CEO plans to make management changes amid financial battles of the company, Bloomberg reported.
Oct 10, 2024
Rio Tinto To Become One Of World's Top Lithium Producer With $6.7B Arcadium Buy
Rio Tinto will be acquiring Arcadium in an all-cash $6.7 billion deal that would cement it as one of the world's top lithium producers.
Oct 09, 2024
OpenAI Accuses Elon Musk Of Harassment Following New Lawsuit
OpenAI accused Elon Musk for harassing the company following the lawsuit filed by Tesla's owner.
Oct 09, 2024
PepsiCo Slashes 2024 Revenue View On Slower Snack Sales In America, Tepid International Markets
Previously, the company had anticipated a 4% growth, but it now expects a low-single-digit increase in organic revenue for 2024. However, PepsiCo has maintained its forecast for core constant currency earnings per share, projecting at least an 8% increase.
Oct 09, 2024
Apple May Enter Smart Ring Arena By 2026 In Health-Tech Push: Report
"Given how deeply and personally invested Tim Cook is in health, I think that a ring is a very complimentary extension to Apple," said CCS Insight Chief Analyst Ben Wood.
Oct 08, 2024
House Committee Investigates FCC's Denial Of Starlink's $885 Million Subsidy
U.S. House committee is investigating the decision of the FCC denying $885.5 million funding for Starlink.
Oct 08, 2024
Judge Gives FTC Green Light In Antitrust Lawsuit Against Amazon; Rejects Some State Claims
The ruling of the court is a setback for Amazon, since it has been trying its best to toss the case out of court and avoid a full-blown trial. The court scheduled the trial for the case for October 2026.
Oct 08, 2024
SpaceX's Falcon 9 Set To Return To Flight Monday After FAA Clearance
The U.S. FAA gave SpaceX's Falcon 9 the green light to return to flight on Monday.
Oct 07, 2024
Activist Starboard Takes $1 Billion Stake In Pfizer, Seeks Former Execs' Support: Reports
Starboard has reached out to former Pfizer CEO Ian Read and ex-finance chief Frank D'Amelio, and both have expressed interest in supporting the activist investor's turnaround efforts, reports said.
Oct 07, 2024
Boeing, Union To Resume Wage Talks After Two Weeks Of Stalemate
Boeing and the union were summoned by the federal mediator to go back to the negotiation table.
Oct 07, 2024
Toyota Delays Production Of EVs In US On Slower Sales: Reports
Toyota will be delaying the production of its EVs in the U.S. amid design issues and slow EV sales.
Oct 03, 2024
Tesla Discontinues Most Affordable Model 3 Standard Range In US
Now, Tesla's Model 3 Long Range Rear-Wheel Drive is the most affordable, with a price of $42,490.
Oct 03, 2024
OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation
OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.
Oct 03, 2024
CVS Health To Eliminate Almost 3,000 Jobs To Cut Costs
The cuts will affect about 1% of its workforce.
Oct 02, 2024
US Labor Board Accuses Apple Of Imposing Illegal Workplace Rules
The National Labor Relations Board claims that Apple required its U.S. employees to sign illegal confidentiality agreements and non-disclosure as well as non-compete agreements. Apple also imposed overly broad social media policies, it said.
Oct 02, 2024
Airlines Struggle To Reroute Flights After Iran Missile Strike
Airlines diverted flights following a missile attack over Israel from Iran.
Oct 02, 2024
Federal Court Grants Amazon Partial Dismissal Of US FTC's Antitrust Lawsuit
The FTC alleges in its lawsuit that Amazon employs anti-competitive tactics to maintain dominance among online marketplaces and superstores. In December, Amazon sought to dismiss the case, stating that the FTC had provided no evidence of consumer harm.
Oct 01, 2024
US Buys 6 Million Barrels Of Oil For Strategic Petroleum Reserve
The government is trying to replenish the sale of 180 million barrels from the reserve in 2022.
Oct 01, 2024
Tesla, Musk Win Shareholder Lawsuit Over Self-Driving Technology
U.S. judge dismisses without prejudice the lawsuit filed by shareholders of Tesla against the company and Elon Musk.
Oct 01, 2024
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