Boeing strike costs top $1.4 billion as pressure on company mounts

Two weeks after 33,000 Boeing machinists went on strike, the company is bracing for financial impact. The airplane maker has…

Sam Altman is setting himself up for a massive $10 billion payday as more OpenAI executives head for the exit

OpenAI is in the process of transitioning from a nonprofit business to a for-profit one—and Sam Altman, the company’s CEO…

Exclusive-China to issue $284 billion of sovereign debt this year to help revive economy

China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of a…

SAP Staff Morale Plunges in Internal Survey Amid Restructuring

SAP SE is facing swelling discontent among employees in its home market, according to an internal survey, as Chief Executive…

Spirit Aero reviews furlough contingency plans amid Boeing strike

Spirit AeroSystems is reviewing its contingency plans regarding furloughs, a company spokesperson said on Thursday, adding that the key supplier…

India asks Tamil Nadu state to intervene in Samsung workers strike

-India’s federal labour minister asked the southern state of Tamil Nadu to resolve a weeks-long strike by workers at Samsung…

BlackRock’s Mitchnick Sees Bitcoin as ‘Risk-Off’ Asset

Even though Bitcoin has been highly correlated as of late with the price moves of US equities, BlackRock Inc.’s head…

China e-commerce giants Alibaba, JD.com, Pinduoduo see stock surge after stimulus package

US-listed stocks of Chinese e-commerce companies spiked Tuesday after the country’s central bank announced its first stimulus measures since the…

Elliott to call special shareholder meeting to oust Southwest CEO

Activist investor Elliott Investment Management on Tuesday escalated its boardroom battle with Southwest Airlines, saying it plans to request a…

Intel launches Gaudi 3 accelerator for AI: Slower than Nvidia’s H100 AI GPU, but also cheaper

Intel formally introduced its Gaudi 3 accelerator for AI workloads today. The new processors are slower than Nvidia’s popular H100…