SAN FRANCISCO (AP) — Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling after the historic antitrust trial [...]
DUBAI, United Arab Emirates (AP) — FlyDubai, the lower-cost sister carrier of Emirates, said it ordered 75 additional Boeing 737 MAX aircraft in a deal worth $13 billion. The announcements came after FlyDubai earlier at the Dubai Air Show made a major Airbus A321neo purchase of 150 aircraft for $24 billion. Since its first flight [...]
SACRAMENTO, Calif. (AP) — A U.S. appeals court has paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially. Another new law requiring major companies to annually disclose their carbon emissions can stay in place for now, the court [...]
WASHINGTON (AP) — The U.S. Education Department is handing off some of its biggest grant programs to other federal agencies as the Trump administration accelerates its plan to shut down the department. It represents a major step forward for the administration’s dismantling of the department, which has mainly involved cutting jobs since President Donald Trump [...]
WASHINGTON (AP) — National Public Radio will receive approximately $36 million in grant money to operate the nation’s public radio interconnection system under the terms of a court settlement with the federal government’s steward of funding for public broadcasting stations. The settlement partially resolves a legal dispute in which NPR accused the Corporation for Public [...]
WASHINGTON (AP) — The nation’s trade deficit fell by nearly 24 percent in August as President Donald Trump’s sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said that the gap between what the United States buys from other countries and [...]
Microsoft has announced that it is partnering with artificial-intelligence company Anthropic and chipmaker Nvidia as part of an AI infrastructure deal that moves the software giant further away from its longtime alliance with OpenAI. Anthropic, maker of the chatbot Claude that competes with OpenAI’s ChatGPT, said it is committed to buying $30 billion in computing [...]
WASHINGTON (AP) — The Federal Reserve’s top banking regulator last week released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to “not become [...]
NEW YORK (AP) — Target’s third-quarter profit fell as the retailer struggles to lure shoppers. The Minneapolis company earlier this week said that it expects its sales slump to extend through the holiday shopping season. The company also announced that it’s planning to invest another billion dollars next year to remodel stores, build new ones, [...]
Home Depot’s third-quarter results were mixed due to fewer violent storms reaching shore, more anxiety among consumers and a sluggish housing market, company officials said. The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth. For the three months that ended Nov. 2, Home Depot earned $3.6 billion, or [...]