US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
Net neutrality restored as FCC votes to regulate internet providers
SAN FRANCISCO — The Federal Trade Commission on Thursday voted to restore “net neutrality” rules that prevent broadband internet providers such as Comcast and Verizon from favoring some sites and apps over others.
Boeing’s financial woes continue, while families of crash victims urge US to prosecute the company
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.
Once praised, settlement to help sickened BP oil spill workers leaves most with nearly nothing
When the BP Deepwater Horizon drilling rig exploded in 2010 and spewed many millions of gallons of oil into the Gulf of Mexico, the disastrous spill damaged the economy, devastated the environment and required thousands of regular people to help clean it up.
Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups
Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in.
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
HELSINKI — An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on manual work.
First major attempts to regulate AI face headwinds from all sides
DENVER — Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction.
India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election
NEW DELHI — Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global manufacturing hub as companies shift away from China, as he unveiled his Hindu nationalist party’s election strategy.
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
LOS ANGELES — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season.
AI-generated fashion models could bring more diversity to the industry – or leave it with less
CHICAGO — London-based model Alexsandrah has a twin, but not in the way you’d expect: Her counterpart is made of pixels instead of flesh and blood.
Aviation industry tackles safety issues as travel picks up
A series of troubling airline incidents and upheaval at aircraft manufacturer Boeing have raised questions about air safety, as more travelers take to the skies this spring and look toward summer trips.
Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year.
Internet providers must now be more transparent about fees, pricing, FCC says
NEW YORK — Much like nutritional labels on food products, “broadband labels” for internet packages will soon tell you just what is going into the pricing of your service, thanks to new rules adopted by the Federal Communications Commission this week.
Content creation holds appeal for laid-off workers seeking flexibility
With a compact mirror in one hand and an eyelash curler in the other, Grace Xu told her roughly 300,000 TikTok followers she was likely about to be laid off.
Two years after its historic win, a divided Amazon Labor Union lurches toward a leadership election
Two years after clinching a historic victory at a warehouse in New York City, the first labor union for Amazon workers in the United States is divided, running out of money and fighting over an election that could determine who will lead the group in the near future.
Even in the age of Google Earth, people still buy globes. Here’s why they remain so alluring
LONDON — Find a globe in your local library or classroom and try this: Close the eyes, spin it and drop a finger randomly on its curved, glossy surface.
A Dubai company’s staggering land deals in Africa raise fears about risks to Indigenous livelihoods
ABUJA, Nigeria — Matthew Walley’s eyes sweep over the large forest that has sustained his Indigenous community in Liberia for generations. Even as the morning sun casts a golden hue over the canopy, a sense of unease lingers. Their use of the land is being threatened, and they have organized to resist the possibility of losing their livelihood.
Victims of Montana asbestos pollution that killed hundreds take Warren Buffett’s railroad to court
LIBBY, Mont. — Paul Resch remembers playing baseball as a kid on a field constructed from asbestos-tainted vermiculite, mere yards from railroad tracks where trains kicked up clouds of dust as they hauled the contaminated material from a mountaintop mine through the northwestern Montana town of Libby. He liked to sneak into vermiculite-filled storage bins at an adjacent rail yard, to trap pigeons that he would feed, during long days spent by the tracks along the Kootenai River.
Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company
SAN FRANCISCO — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board.