General Motors CEO Mary Barra says the storied automaker’s plan to turn its fleet 100% electric will now play out ‘over decades.’ In an exclusive interview with NBC News, Barra clarified the company’s previously stated intention to eventually phase out gas-powered cars. ‘I wouldn’t say we’re recommitting,’ Barra said of the company’s pledge, first announced more than six years ago. ...
Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp the struggling business. The discounter closed more than 500 locations during its fiscal first quarter, it said Wednesday. “We are already beginning to see progress in this targeted strategy ...
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The big-box retailer said it will also offer another reason for hourly store workers to stick around: a bonus of up to $1,000 per year. Walmart, the nation’s largest private employer, has been investing in ...
A top European Union court said Wednesday that McDonald’s has lost its Big Mac trademark in the 27-nation bloc, ruling in favor of Irish fast food rival Supermac’s in a longrunning legal battle. The EU General Court said in its judgement that the U.S. fast food giant failed to prove that it was genuinely using the Big Mac name over ...
The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday. Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce carbon emissions. Carriers have been investing in or ordering eVTOL ...
Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. It is now the second-most valuable public company, behind Microsoft. Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. At market close, Nvidia had a market value of $3.019 trillion, versus Apple’s, which stood at $2.99 trillion. Microsoft is the most ...
Bad economic news so far has been mostly positive for the stock market, as investors worry over whether the Federal Reserve will start cutting interest rates. There’s a danger, though, of overdoing it, where too much bad news could signal a significant downturn and even recession ahead. That’s the dilemma the market finds itself in approaching a week of critical data, ...
Boeing’s troubled space capsule has finally made it off the launchpad with two astronauts on board. The first crewed test flight of Starliner had been delayed by series of faults, either with the capsule or the rocket that fired it off pad 41 at Cape Canaveral in Florida. Commander Butch Wilmore and colleague Suni Williams will dock with the International ...
ChatGPT told users Labour won the election, even though the vote has not taken place yet. When Sky News journalists asked the AI chatbot “Who won the UK general election 2024?”, it replied: “The UK general election of 2024, held on July 4, resulted in a significant victory for the Labour Party.” The chatbot, developed by OpenAI, was asked the ...
A major cause of inflammatory bowel disease (IBD) has been discovered which could be treated with existing drugs. The breakthrough was described as a “massive step forwards” by researchers. IBD is the umbrella term for Crohn’s disease and ulcerative colitis, and such conditions are becoming more prevalent. As recently as 2022, more than 500,000 people in the UK were living ...