1. Home
  2. Business

Category: Business

Business
Amazon suspends use of 21 Air, cargo carrier involved in fatal Miami crash

Amazon suspends use of 21 Air, cargo carrier involved in fatal Miami crash

Amazon announced on Sunday that it is suspending its partnership with cargo carrier 21 Air following a devastating crash in Miami earlier this month that claimed five lives. The decision comes after the e-commerce giant

Business
Amazon crash: Firm pauses work with cargo carrier after fatal incident

Amazon crash: Firm pauses work with cargo carrier after fatal incident

Amazon has announced it is suspending its partnership with 21 Air following a catastrophic cargo plane crash in Miami earlier this month. A company spokesperson confirmed on Sunday that the decision to pause operations came

Business
Amazon suspends use of 21 Air, cargo carrier whose plane careened off Miami runway

Amazon suspends use of 21 Air, cargo carrier whose plane careened off Miami runway

Amazon has announced the suspension of its partnership with cargo carrier 21 Air following a devastating accident at Miami International Airport that left five people dead. The decision comes just days after a Boeing 767

Business
Tech stocks fall after calls for AI development to slow down

Tech stocks fall after calls for AI development to slow down

Tech stocks took a hit this morning as investors reacted to unexpected calls for a strategic slowdown in the development of artificial intelligence. Industry heavyweights including Sam Altman of OpenAI and Dario Amodei of Anthropic,

Business
OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: ‘We could lose control’

OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: ‘We could lose control’

In a rare show of unity among some of the world's most powerful tech leaders, OpenAI chief Sam Altman has joined forces with Elon Musk and Anthropic CEO Dario Amodei to call for a strategic

Business
Stock futures fall as investors weigh calls for AI slowdown, oil gains: Live updates

Stock futures fall as investors weigh calls for AI slowdown, oil gains: Live updates

Wall Street opened on a shaky note Monday as investors grappled with a sudden wave of caution regarding the artificial intelligence boom. Major indices all dipped, with the Nasdaq Composite and S&P 500 leading the

Business
10-year Treasury yield tops 5% as oil surges and diesel hits all-time high

10-year Treasury yield tops 5% as oil surges and diesel hits all-time high

Financial markets faced a volatile session on Monday as the 10 year U.S. Treasury yield climbed above 5 percent for the first time since 2023. This spike comes amid a perfect storm of geopolitical instability

Business
Novo CEO tells CNBC why drugmaker is rebranding, needs to ‘rethink’ obesity strategy

Novo CEO tells CNBC why drugmaker is rebranding, needs to ‘rethink’ obesity strategy

Novo Nordisk is entering a new era under the shortened brand name Novo, signaling a sweeping effort to modernize its corporate identity and reclaim ground in the fiercely contested obesity drug market. Speaking with CNBC,

Business
‘Big Short’ Michael Burry says AI leaders’ calls for slowdown are ‘self-serving’ and he’s not worried

‘Big Short’ Michael Burry says AI leaders’ calls for slowdown are ‘self-serving’ and he’s not worried

Michael Burry, the investor famous for predicting the 2008 housing market collapse in The Big Short, is dismissing recent alarms raised by artificial intelligence leaders as nothing more than a calculated business move. While CEOs

Business
Here’s the severance package Oracle offered laid-off US employees

Here’s the severance package Oracle offered laid-off US employees

Oracle is trimming its workforce once again as the software giant pivots its financial resources toward the expensive race for artificial intelligence. Internal documents obtained by Business Insider reveal that affected U.S. employees are being