A unit of Pennsylvania’s Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part …
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Business
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Business
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
by adminJPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street to examine how it treats its …
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Business
Amazon increases average pay for warehouse workers and adds free Prime membership perk
by adminAmazon announced Wednesday it is raising wages for its hourly warehouse workers and adding a new employee perk that will give them a Prime subscription at no extra cost. Beginning this month, Amazon’s average starting pay for …
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Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday. The furloughs will affect tens of thousands …
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Business
In federal trial, Michael Kors says it’s harder to sell handbags in TikTok and Taylor Swift era
by adminIn a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos …
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Amazon is requiring its workers to return to the office full time. In a note published Monday by the e-commerce giant, Amazon CEO Andy Jassy, who took over from founder Jeff Bezos in 2020, said …
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Business
Charter rolls out new Spectrum pricing and internet speeds, aims to ‘be a better service operator’
by adminCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider. The cable giant told CNBC it is unveiling a series of changes …
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Business
Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
by adminBoeing announced sweeping cost cuts Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike by more than 30,000 factory workers. Boeing …
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Boeing’s factory workers walked off the job early Friday, halting production of the company’s best-selling airplanes after staff overwhelmingly rejected a new labor contract. It’s a costly development for the manufacturer that has struggled to …
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A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. …