Business

Members of Congress grilled a senior executive of security company CrowdStrike on Tuesday, demanding to know why it triggered a cascading, multibillion-dollar tech failure in July that shut down 911 call centers, handicapped hospitals and stranded airplane passengers around the world.

Paramount Global cut more jobs on Tuesday as part of a previously announced plan to reduce its US workforce by 15%, or about 2,000 positions.

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News.

Rajpal Singh sweltered on his routes, delivering hundreds of packages every day for Amazon to homes on twisty dirt roads in the hills and valleys surrounding Lancaster and Palmdale, California. Temperatures in his van commonly climbed above 100 degrees.

Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company’s laboratory in San Jose, California, where he dons safety glasses and wields an array of saws and shears against EV chargers. The goal: to approximate the rash of vandalism sweeping the 65,000 U.S. cords under ChargePoint’s care.

Boeing on Monday made what it called its “best and final” offer to the union representing 33,000 striking workers, a deal that would include a 30% pay increase, the restoration of an annual bonus program and a $6,000 signing bonus if the contract is approved before midnight Friday.

Just as U.S. policymakers shift focus from curbing inflation to shoring up the job market, the economy faces a jolt that threatens the kind of supply-chain disruption and consumer discontent rife during the pandemic — and possibly puts your daily dose of bananas at risk.

Federal Reserve Bank of Atlanta President Raphael Bostic said starting the central bank’s cutting cycle with a large move will help bring interest rates closer to neutral levels as the risks between inflation and employment become more balanced.

Goldman Sachs Group Inc. has lowered its forecasts for the dollar against a wide range of currencies after the Federal Reserve slashed interest rates.

US equities climbed and Treasuries fell after data showing US business activity is robust even as growth moderates, further stoking confidence the world’s largest economy can nail a soft landing.

The CEO of Novo Nordisk is set to appear before a Senate panel Tuesday to be grilled on the high cost of Ozempic and Wegovy, the popular drugs used to treat diabetes and obesity.

For more than a few globetrotters, booking holiday airfare is a dreaded chore. Because let’s face it, who enjoys being gouged on ticket prices in order to spend Thanksgiving or Christmas with loved ones?

A juicy lawsuit was finally settled between Spokane’s No-Li Brewhouse and Seattle’s Redhook Brewery, leading to a change in Redhook’s labeling for one of its imperial IPA’s.

Amazon wants its third-party sellers to know they are appreciated.

A remodel of a portion of the Davenport Hotel lobby was unveiled to the public Friday – and nothing about it is minimalistic.

Five years after a nuclear reactor at the Three Mile Island plant in central Pennsylvania closed amid financial troubles, its owner wants to bring it back online. Baltimore-based Constellation Energy Corp. said Friday that it has signed a 20-year agreement with Microsoft under which the technology company will purchase power from Three Mile Island Unit 1. That reactor is located at an independent facility from Unit 2, which closed in 1979 after experiencing a partial meltdown.