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Categories Business

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

Author admin October 23, 2024

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance

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Categories Business

New Boeing CEO to give clues about company’s future, while striking workers vote on new contract

Author admin October 23, 2024

Boeing has already braced investors for a rough quarterly report. Now, new CEO Kelly Ortberg has the chance to share his vision for the troubled manufacturer,

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Categories Business

Amazon to shut down speedy brick-and-mortar delivery service

Author admin October 23, 2024

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. The company has stopped any new

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Categories Business

Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts

Author admin October 22, 2024

Chicken sandwiches, waffle fries, milkshakes — and now TV shows and podcasts? Chick-fil-A plans to launch a new app on Nov. 18, with

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Categories Business

Boeing workers to vote on new proposal that could end strike

Author admin October 22, 2024

Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long

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Categories Business

Disney will name Bob Iger’s replacement in early 2026

Author admin October 22, 2024

Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the

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Categories Business

Microsoft to roll out new autonomous AI agents next month, fending off challenge from Salesforce

Author admin October 22, 2024

LONDON — Microsoft will allow businesses to start making their own autonomous artificial intelligence agents starting next month, taking the fight back to Salesforce, which

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Categories Business

TikTok parent company dismisses intern who it says ‘maliciously interfered’ with its AI technology

Author admin October 22, 2024

TikTok’s parent company says it has dismissed an intern who it found had ‘maliciously interfered’ with its artificial intelligence technology effort. In a

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Categories Business

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

Author admin October 21, 2024

Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, a spokesman for the supplier

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Categories Business

Embraer CEO says jet maker studying possibilities for a new aircraft

Author admin October 21, 2024

Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO Francisco Gomes Neto

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