Apple Card's credit risk manager leaves for credit card startup X1
An executive who develops policies around creditworthiness for the Apple Card has left the tech giant to join credit card startup X1.
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Disney CEO Bob Chapek says he'd like to own all of Hulu 'tomorrow' but says chances of an early deal are slim
Disney CEO Bob Chapek said he'd love to own Comcast's 33% stake in Hulu "tomorrow" but acknowledged the chances of an early deal are "less and less."
This map shows where Amazon is closing warehouses across the country
Amazon went on a building binge between 2020 and 2022 that left it with too much space, causing the company to scale back its warehouse network.
Disney CEO Bob Chapek says ESPN will never take bets
Disney Chief Executive Bob Chapek said Thursday that the company's sports network ESPN is looking for a partner to help it step into sports gambling.
'It's belt-tightening time' — How to save as food inflation jumps more than 11% in a year
Food costs climbed again in August, bringing the year-over-year gain to 11.4%, according to the latest consumer price index figures.
Tesla struggles with Elon Musk’s strict return-to-office policy
The company is now surveilling employees' attendance, with Musk receiving detailed weekly reports on absenteeism.
Ford unveils new gas-powered Mustang, while muscle car rivals go electric
Ford on Wednesday unveiled the redesigned 2024 Mustang hardtop and convertible with two gas-powered engines.
Newsom boasts California avoided rolling blackouts in extreme heat, says anti-green critics want to 'double down on stupid'
Newsom debunked claims by media outlets and Republican politicians that California failed to keep the power on during the heat wave.
United Airlines partners with one-time foe Emirates, will launch Dubai flights
United Airlines and Emirates announced a codeshare partnership, which allows the carriers to sell seats on each other's flights.
Short-term bond yields continue climbing, 2-year Treasury briefly tops 3.8%
The bond market has been volatile after a hotter-than-expected inflation reading on Tuesday.
Ford asks dealers to invest in EVs as it chases Tesla-like profit
The automaker is asking its nearly 3,000 dealers to invest upward of $1 million for upgrades to sell all-electric vehicles.
Northrop Grumman exec says SpaceX's Starship rocket has 'awesome' potential but 'not there yet'
The leader of a Northrop Grumman subsidiary sees exciting potential in the massive Starship rockets that Elon Musk's SpaceX is developing.
U.S. monkeypox outbreak is slowing, CDC director says
The rate of new monkeypox cases in the U.S. is slowing, according to CDC Director Dr. Rochelle Walensky.
Wholesale prices fell 0.1% in August amid inflation fears
The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report.
Amazon union election in Albany to begin in October
Amazon said the election will take place between Oct. 12 and 17, though a spokesperson for a federal labor agency said the dates are still being finalized.
Cisco ex-CEO John Chambers is taking on his former company with new networking startup called Nile
Rather than make companies predict how much gear they'll need, Nile sells hardware and software subscriptions based on the number of users accessing the network
Secondhand shopping is booming: Here’s how much you can save
With the pandemic came a surge in 'thrifting' and secondhand shopping. Now the resale market is growing even faster than traditional retail.
Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%
Rates are surging due in large part to the Fed's hawkish inflation policies, and that's weighing on mortgage demand.
Inflation isn't just about fuel costs anymore, as price increases broaden across the economy
Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it.
Twitter whistleblower testifies to Senate of major security flaws: 'They don't know what they have'
Twitter's former security chief Peiter "Mudge" Zatko told a Senate panel on Tuesday that his former employer prioritized profits over security concerns.
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