Qantas Airlines Will Pay Fines for Selling Seats on Canceled Flights
Qantas Airways agreed to pay 120 million Australian dollars in compensation and a fine for selling tickets on thousands of cancelled flights, the airline and Australia’s consumer watchdog said Monday.
Warren Buffett Says AI May Benefit Scammers More Than Society
Warren Buffett cautioned shareholders at his annual meeting that artificial intelligence scams could become "the growth industry of all time."
Google, Justice Department Make Final Arguments Whether Search Engine is Monopoly
Google’s dominance as an internet search engine is an illegal monopoly, U.S. Department of Justice argued. Google says its ubiquity flows from its ability to deliver results customers seek.
US Expands Tax Credit Rules for Electric Vehicle Purchases
The U.S. government has rewritten some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500.
Nippon Acquisition of US Steel Delayed
Nippon Steel said Friday it has postponed the expected closing of a $14.1 billion takeover of U.S. Steel by three months.
US Employers Scaled Back Hiring in April
The nation’s employers pulled back on hiring in April but still added 175,000 jobs.
Tesla Invokes Layoffs in EV Charging Department
Elon Musk's decision to lay off the department responsible for Tesla's electric vehicle chargers has raised concerns that other automakers will have trouble joining Tesla's EV network.
Peloton Cutting 400 More Jobs; CEO Stepping Down
Peloton is cutting about 400 jobs, with CEO Barry McCarthy stepping down, as the company continues a restructuring effort.
J&J Subsidiary Proposes Paying $6.48B Over 25 years to Settle Cancer Lawsuits
A subsidiary of Johnson & Johnson is proposing to pay $6.48 billion over 25 years as part of a settlement to cover allegations that its baby powder containing talc caused ovarian cancer.
Federal Reserve Holds Interest Rates Steady at Two-Decade High
The Federal Reserve on Wednesday said it doesn’t plan to cut interest rates until it has 'greater confidence' that price increases are slowing sustainably to its 2% target.
Ford Recalls Maverick Pickups Due to Tail Light Flaw
Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate.
Walmart Launches Largest Private Grocery Brand in Decades
The launch from the country’s largest retailer comes as the company seeks to appeal to younger customers who are not loyal to grocery brands.
Increasing Wildfire Risk Leaves States Studying How to Address Insurance Gaps
Insurance providers, state officials and researchers are balancing how to keep property insurance companies in operation, but still keep residents and businesses protected, in wildfire risk areas.
Former Binance Founder Changpeng Zhao Sentenced to Four Months in Prison
Former Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing money laundering on the world’s largest cryptocurrency exchange.
Walmart to Close All Health Clinics, Shut Down Virtual Care Service
Walmart is closing its health centers and virtual care service after struggling to find success, the U.S. retailer said Tuesday.
