Disney’s fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks. The Walt Disney Co. earned $1.31 billion, or 73 cents per share, for the three months ended Sept. 25. It earned $460 million, or 25 cents per share, [...]
Artificial-intelligence company Anthropic last week announced a $50 billion investment in computing infrastructure that will include new data centers in Texas and New York. Microsoft also last week announced that a new data center is under construction in Atlanta, describing it as connected to another in Wisconsin to form a “massive supercomputer” running on hundreds [...]
WASHINGTON (AP) — Two Federal Reserve officials last week expressed opposition to another interest rate cut at the central bank’s next meeting in December, further muddying the outlook for the Fed’s next steps. The remarks by Susan Collins, president of the Federal Reserve Bank of Boston, and Raphael Bostic, president of the Atlanta Fed, suggest [...]
SAN FRANCISCO (AP) — Waymo is hitting the highway. The company said its robotaxis — already a common sight on some city streets — are expanding their routes to freeways and interstates around San Francisco, Los Angeles and Phoenix. In the Bay Area, riders can now get dropped off or picked up curbside in driverless [...]
ByHeart, a manufacturer of organic baby formula, has recalled all of its products sold nationwide, days after some batches were recalled in an expanding outbreak of infant botulism. At least 15 babies in 12 states have been sickened in the outbreak since August, with more cases pending, according to state and federal health officials. All [...]
The executive leading Tesla’s Cybertruck business is leaving the automaker after eight years. Siddhant Awasthi, the program manager for Tesla’s Cybertruck and Model 3, said on LinkedIn that it wasn’t an easy decision to depart the company. He did not provide details on what he will be doing next. Awasthi said he began as an [...]
JUNEAU, Alaska (AP) — Alaska Native tribes and conservation groups sued the federal government last week, seeking in at least three separate lawsuits to overturn a land exchange aimed at allowing a road to be built through a national wildlife refuge. Legal challenges to the land exchange agreement reached last month between Interior Secretary Doug [...]
California plans to revoke 17,000 commercial driver’s licenses given to immigrants after discovering the expiration dates went past when the drivers were legally allowed to be in the United States, state officials said. The announcement follows criticism from the Trump administration about California and other states granting licenses to people in the country illegally. The [...]
Wendy’s plans to close hundreds of restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin-based chain said during a conference call with investors that it planned to begin closing restaurants in the fourth quarter of this year. The [...]
WASHINGTON (AP) — The Supreme Court earlier this week agreed to decide whether states can continue to count late-arriving mail ballots. The justices took up an appeal from Mississippi after a panel of three judges on the 5th U.S. Circuit Court of Appeals last year ruled that the state law allowing ballots that arrive shortly [...]