SAN FRANCISCO — The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators began cracking down on tech powerhouses such as Google and Facebook during … Read more
Americans need to earn nearly $108,000 a year to afford a single-family home in most cities now, according to a new economics report. Oxford Economics revealed this week that a household in 2024 needs an average annual income of $107,700 to afford a new single-family home, including property taxes and home insurance. This number was … Read more
Bus services in every part of England will be boosted by nearly £1bn of new funding, the government is pledging. The Department for Transport last month announced the investment for 2025. Confirming details of its plans, the government said the money will be allocated based on need, population and levels of deprivation – instead of … Read more
“Inside the NBA” will appear on ESPN and ABC beginning next season as part of a settlement between Warner Bros. Discovery and the NBA. Warner Bros. Discovery, the parent company of TNT Sports, sued the NBA in New York state court after the league did not accept the company’s matching offer for one of the … Read more
SEATTLE — Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists’ union. The pink slips went out last week to members of … Read more
Takata filed for bankruptcy amid “the largest and most complex safety recall in U.S. history,” according to the National Highway Traffic Safety Administration (NHTSA). Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple … Read more
Olive oil prices are about to dip. The largest producer of olive oil plans to slash prices in half now that the weather-fueled crisis that has caused the “liquid gold” to skyrocket in recent months appears to be over. Harvests in southern Europe are slowly recovering from a prolonged period of extreme weather and drought, … Read more
President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as Energy secretary in a second Trump administration WASHINGTON — President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty … Read more
The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid … Read more
LIMA, Peru — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years. The 21 leaders from … Read more