Business

(NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%. Shrinking car sales, major setbacks in […]

(NEW YORK) — Walmart shoppers may be entitled to up to $500 in cash after the retail giant agreed to pay $45 million to settle a class action lawsuit over “weighted goods.” The company, which has denied any wrongdoing, was accused of overcharging customers for sold-by-weight items such as meat, poultry, pork, seafood and bagged […]

(NEW YORK) — In the wake of a recent cyberattack on Omni Hotels & Resorts that prompted a “shut down [of] its systems to protect and contain its data,” experts are reminding people of the actions guests can take to preserve their digital safety and weighing in on risks facing the hospitality industry at large. […]

(NEW YORK) — Artificial intelligence commands the attention of corporate giants and political leaders but a global race is underway to develop what some experts consider the next transformative technology: quantum computing. The computers, which draw on theoretical physics, could drive advances in everything from drug research to stock investing to encryption, promising an economic […]

(ROCHESTER, N.Y.) — Seven years ago, Debra Ross wondered why she should care about an eclipse. Her daughter, Ella, vowed that she would get her driver’s license and that they would take a road trip to Missouri to see the 2017 total solar eclipse that stretched across the U.S. “I was still skeptical about this,” […]

(NEW YORK) — Boeing has paid Alaska Air Group approximately $160 million in compensation following the door plug incident on Alaska flight 1282, according to an SEC filing from the carrier. Alaska said the money is “initial compensation” from Boeing “to address the financial damages incurred as a result of Flight 1282 and the 737-9 […]

(NEW YORK) — As avian flu continues to spread in birds across the United States, a major chicken egg manufacturer has temporarily halted production after the highly contagious disease was detected at its facilities. Cal-Maine Foods, Inc., the nation’s largest producer and distributor of fresh eggs, announced the positive test result for highly pathogenic avian […]

(NEW YORK) — A fully booked hotel in Maine said it received its first request from a solar eclipse tourist five years ago. A portable toilet vendor in Indiana said it is doing 10 times more business than it usually would at this time of year. A botanical garden in Texas already sold out its […]

(WASHINGTON) — The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday. Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price increases while acknowledging that such headway had stalled in recent […]

(NEW YORK) — Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz, ending a combative, months-long proxy battle centered on the company’s navigation of the topsy-turvy onset of the streaming era. A majority of shareholders instead voted in support of a 12-person slate of board nominees put forward by Disney, the […]