Friday, April 19, 2024

Business

Soaring Egg Prices Prompt Demands For Price-Gouging Probe

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OMAHA, Neb. (AP) — With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging. U.S. Sen. Jack Reed sent a letter Tues...

Crypto Firms Acted Like Banks, Then Collapsed Like Dominoes

NEW YORK (AP) — Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposi...

Twitter Faces Lawsuits Over Unpaid Rent For US HQ, UK Office

LONDON (AP) — More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the lates...

Amazon Launches A Subscription Prescription Drug Service

(AP) - Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription servic...

Two Nof Hagalil Chareidi Girls Invent Remote-Controlled Baby Carriage For Calming Infants While Relaxing

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JERUSALEM (VINnews) — Two 13-year-old chareidi girls from the Chabad school in Nof Hagalil produced a surprisingly simple and ingenious invention during a "patent fair" being held...

Microsoft Invests Billions In ChatGPT-Maker OpenAI

(AP) - Microsoft says it is making a “multiyear, multibillion dollar investment” in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write read...

US Ends Probe Into Ford SUV Exhaust Issues Without A Recall

DETROIT (AP) — The U.S. government's road safety agency has closed a more than six-year investigation into exhaust odors in Ford Explorer passenger cabins, determining that the SUV...

Google Axes 12,000 Jobs, Layoffs Spread Across Tech Sector

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LONDON (AP) — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during t...

Amazon Axes Charity Program Amid Wider Cost-Cutting Moves

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(AP) - Amazon is ending a charity donation program it ran for a decade in its latest cost-cutting move. In a blog post on Wednesday, the company said the program, called AmazonS...

Elon Musk Depicted As Liar, Visionary In Tesla Tweet Trial

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SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delive...

GE Appliances (GEA) Completes Transition Of Refrigerators To OU Kosher

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NEW YORK (VINnews) - Top-Freezer Refrigerators Will Now be Certified with Built-in Enhanced Shabbos Mode through Collaboration between Kosher Certifying Agencies and Zman Technolog...

Party City, Amid Rising Prices, Seeks Bankruptcy Protection

NEW YORK (AP) — Party City filed has for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending. The company, based in Woodclif...

Report: Microsoft Set To Axe 11,000 Jobs Worldwide

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NEW YORK (VINnews) — The Microsoft corporation is apparently seeking to lay off 11,000 employees this week, according to media reports Tuesday. The company is looking to cut 5% of ...

Apple To Inaugurate New Development Center In Haifa

JERUSALEM (JNS) - While U.S. tech giant Intel is canceling the construction of a new development center in Haifa, another U.S. titan, Apple, plans to open a new facility in the sam...

Davos Organizers: Musk Wasn’t Invited Despite What He Says

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DAVOS, Switzerland (AP) — The World Economic Forum says billionaire Elon Musk wasn't on the guest list for the annual meeting of business executives, global leaders and cultural tr...

Elon Musk Drama Shifts From Twitter To Tweets About Tesla

SAN FRANCISCO (AP) — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. ...

Apple CEO Tim Cook To Take More Than 40% Pay Cut

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(AP) - Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation...

Tesla Cuts Vehicle Prices In Bid To Boost Flagging Demand

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DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its m...

Trump Organization Fined $1.6 Million For Tax Fraud

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NEW YORK (AP) — Donald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavis...

US Applications For Jobless Benefits Lowest In 15 Weeks

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WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in 15 weeks as the job market continues to show resiliency in the face of attempts by the F...