Amazon wants everyone back in the office 5 days a week
Amazon is ordering workers back to the office five days a week and wants corporate managers to oversee more employees in a move it says will improve the company’s culture. Read more...
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Check out this week's auction block roundup
Each week Quartz highlights the upcoming and ongoing sales at auction houses across the world. Among the items available are works of art, historical artifacts and pop culture memorabilia that collectors won’t want to miss out on. While some of these objects go for millions,
Chipotle uses ‘autocado’ robot to make guacamole in Calif. where fast-food pay is $20 an hour
Chipotle said feedback will determine whether it makes a broader rollout of the technology.
Amazon orders employees to return to office 5 days a week, warns of corporate restructuring
The return-to-office mandate is a sharp change from its current hybrid policy, which requires employees to work from the office at least three days a week.
Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours: ‘Interesting work’
Orszag, a Democrat party kingmaker and donor, said fresh-faced financiers enjoy the buzz of "working on important things" such as money-spinning M&A deals.
EU official Thierry Breton, who clashed with Elon Musk, abruptly quits post
Breton, a French member of the European Union’s powerful executive branch, suggested that he was a victim of political machinations.
Wall Street bets surge for jumbo half-point cut by Fed — here’s what that means for your wallet
The odds of the Fed issuing a half-point cut have increased to 61%, according to CME FedWatch.
TikTok's owner wants to design its own AI chips
As China advances its artificial intelligence industry — much to the frustration of the U.S. — competition is brewing between its homegrown AI developers. Now, one is reportedly working on its own chips with a major chipmaker. Read more...
Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout
American Electric Power Ohio said it needs the tech companies to pay up in order to prevent the utility from passing on the rising costs to consumers.
Boeing has to cut a big check to an upstart rival
Boeing ( BA ) might be half of the global duopoly for commercial airliners, but there was a chance it could have been even bigger if a tie-up with Embraer ( ERJ ), a Brazilian commercial planemaker, had gone through. The incomplete deal has cost Boeing $150 million, Reuters
Inside the futuristic new way to take your money: Ads inside your car
The car of the future will use in-vehicle cameras to see who is on board, then use that information to introduce carefully curated ads in partnership with big business.
Boeing warns of job losses and cuts spending after strike
The strike at Boeing has sent the company scrambling to save cash.
Apple iPhone 16 pre-orders are slumping because of Apple Intelligence delays, analyst says
Pre-orders for the latest iPhone models fell short of expectations as Apple’s ( AAPL ) artificial intelligence push failed to drive early demand for its new smartphone lineup. Read more...
Boeing freezes hiring after strike spurs drastic measures to save cash
Boeing Chief Financial Officer Brian West said the "strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future."
Dow hits all-time high as stocks jump ahead of crucial Fed rate decision
Markets have been in a bull run since the start of this year on expectations the Fed would kick off its monetary policy easing cycle soon.
Apple shares slump after alarming data showing weak demand for iPhone 16
"The key factor is the lower-than-expected demand for the iPhone 16 Pro series...the major selling point, Apple Intelligence, is not available at launch alongside the iPhone 16 release," said Ming-Chi Kuo, an Apple analyst
Elon Musk deletes his X post about ‘no one’ trying to kill Kamala Harris after latest Trump assassination attempt
Billionaire Elon Musk faced backlash on X after he posted that "no one" is trying to assassinate President Joe Biden and Vice President Kamala Harris, soon after a second assassination attempt on former president Donald Trump.
Americans are falling behind on credit card bills, auto loans — and Wall Street is getting worried
A recent survey by the Federal Reserve Bank of New York found that around 9.1% of credit card balances turned delinquent over the past year.
Disney, DirecTV end blackout of ESPN, ABC as football season ramps up
Disney and DirecTV reached a deal over the weekend to restore service to the Mouse House’s “entire portfolio of networks,” including ESPN and ABC, as the college and pro football seasons kick into high gear. The agreement follows a two-week blackout of Disney-owned networks for
The 'next wave' of Microsoft's Copilot AI is here
Microsoft ( MSFT ) has released “the next wave” of its Copilot artificial intelligence tools in its suite of work apps. Read more...
Check out which networks and streamers won big at the Emmys
TV’s biggest night is over — and one network is walking away dominant. Read more...
Wall Street raises bets that Google won’t escape antitrust battles unscathed: report
Wall Street analysts are issuing warnings about a potential Google breakup as the Big Tech giant tries to wriggle out of a pair of major federal antitrust lawsuits that could devastate its business model.
The Boeing strike is putting it one step closer to junk bond territory
Although the productive hit from Boeing’s ( BA ) machinists being on strike remains clear, there is another complication lying in wait for the company. Read more...
Target plans to hire 100,000 workers this holiday season
Target said on Monday that it plans to hire 100,000 seasonal workers as it prepares for the busy holiday season. Read more...
Banks are at a 'crossroads of challenge and opportunity' with a Fed interest rate cut coming
The Federal Reserve’s expected interest rate cut later this week could create new challenges — and opportunities — for banks over the coming months. Read more...
Johnnie Walker Blue Label now comes in the world’s lightest glass whisky bottle
After five years of experimentation, Johnnie Walker ( DEO ) recently revealed a 180 gram (6.35 ounce) bottle for its acclaimed Blue Label — making it the lightest glass bottle ever used in commercial whisky distribution. Read more...
US orders Starbucks to reopen 2 New York stores company shut down after workers unionized
A labor judge ruled that the Seattle-based coffee giant illegally shut down the locations last year in order to "chill unionism."
Trading stocks right now is like Bruce Willis walking barefoot on glass in 'Die Hard,' Bank of America says
Markets will be volatile for the next couple of weeks, with the Federal Reserve set to launch an interest rate cutting cycle and the presidential election around the corner. Read more...
A man tried to choke a Frontier flight attendant and said the plane was 'going down,' authorities say
A man is facing federal charges after allegedly choking a Frontier Airlines flight attendant and screaming that a San Francisco-bound plane was “going down” before threatening to kill all the passengers on board. Read more...
'Please take our money': Larry Ellison on begging Nvidia CEO Jensen Huang for AI chips
It seems even billionaires have to beg for the most coveted items in the world. Oracle ( ORCL ) co-founder Larry Ellison says he spent a dinner “begging” for more of Nvidia’s ( NVDA ) artificial intelligence chips. Read more...
Nvidia, Microsoft, and other tech stocks could rally after the Fed cuts interest rates
With the Federal Reserve set to begin cutting interest rates this week, analysts believe tech stocks could get a big boost. Read more...
Elon Musk's post about the Trump assassination attempt is condemned as 'appalling and indefensible'
Elon Musk has once again proved that some things are better left off of social media. Read more...
