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Categories Business

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

Author October 22, 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

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

Author 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

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

Author 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

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

Author October 21, 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

Disney will name Bob Iger’s replacement in early 2026

Author October 21, 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

Boeing workers to vote on new proposal that could end strike

Author October 21, 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

Embraer CEO says jet maker studying possibilities for a new aircraft

Author 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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Categories Business

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

Author 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

CVS replaces CEO as profits, share price suffer

Author October 19, 2024

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS

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Categories Business

Amazon makes first foray into live news with election night special hosted by Brian Williams

Author October 18, 2024

Amazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company’s first foray into live news

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