This Week In Layoffs: Automakers, Tech Giants Lead Jobs Cuts
Lots of layoffs across corporate America this week as the auto industry and technology giants led the cuts.
Governors, Biden Administration Push for More Heat Pump Installations
The U.S. Climate Alliance, which includes 25 state governors, is leading a push to significantly increase the number of American homes using heat pump systems for heating and air conditioning.
Amazon to Add Ads to Prime Video Starting Early 2024 — Unless You Pay More
Amazon Prime Video will include advertising during shows and movies starting early next year.
UAW Targets Stellantis, General Motors With 38 New Strike Locations
The United Auto Workers president said Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis sites in 20 states.
Biden Says Norfolk Southern Must Be Held Accountable For Ohio Derailment
President Joe Biden ordered federal agencies to ensure accountability of Norfolk Southern for derailment in February, and appoint a FEMA official to oversee East Palestine’s recovery.
Microsoft's Activision Deal Gets Preliminary Approval from UK Regulator
British competition regulators gave preliminary approval Friday to Microsoft’s restructured $69 billion deal to buy video game maker Activision Blizzard.
Florida's Agriculture Loss From Hurricane Idalia at Least $78M
Florida agriculture loss from Hurricane Idalia are estimated at between $78 million and $371 million, according to a preliminary report from University of Florida.
Neuralink Readies Human Trials
It's like something out of sci-fi, moving and controlling items with your mind. That could be a reality sooner than you may think with Neuralink moving into human trials, but according to a new report, it has not been smooth sailing.
Average U.S. 30-Year Mortgage Rate Has Edged Up to 7.19%
The average long-term U.S. mortgage rate edged up again this week, continuing financial challenges for prospective homebuyers navigating the housing market.
Brightline High Speed Passenger Rail to Link Miami and Orlando
A test of whether privately owned high-speed passenger train service can prosper in the United States begins Friday when Florida's Brightline launches Miami-Orlando service.
Rupert Murdoch, Creator of Fox News, Stepping Down As Head of News Corp.
Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of Fox's parent company and his News Corp. media holdings.
US Applications For Unemployment Benefits Fall to Lowest Level in Nearly 8 Months
U.S. applications for unemployment benefits fell to the lowest level in eight months.
Sweden's Central Bank Hikes Key Interest Rate, Citing Lingering Inflation
Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high.”
Bank of England Leaves Interest Rate Intact As Inflation Spike Eases
The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about prices.
Airbnb Announces Crackdown on Fake Listings, Has Removed 59K in 2023
Airbnb has removed 59,000 fake listings and prevented another 157,000 from joining the platform in 2023.