Business

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

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[ad_1] United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this year than it expected, … Read more

Microsoft invests in Arabic AI firm as U.S. tries to limit China’s sway

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[ad_1] Microsoft plans to invest $1.5 billion in an Abu Dhabi-based artificial intelligence company, a deal that could limit China’s influence in the Gulf region amid rising technological competition with the United States. In a blog post Tuesday, Brad Smith, Microsoft vice chair and president, said the deal with G42 will deepen international ties for … Read more

Powell Suggests Interest Rates Could Stay High for a Longer Period

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[ad_1] The Federal Reserve is likely to wait longer than initially expected to cut interest rates, given stubborn inflation readings in recent months, the central bank’s top two officials said Tuesday. Policymakers came into 2024 looking for evidence that inflation was continuing to cool rapidly, as it did late last year. Instead, progress on inflation … Read more

Smartmatic and OAN Settle Defamation Suit

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[ad_1] The voting technology company Smartmatic reached a settlement on Tuesday in its defamation lawsuit against One America News Network, a far-right broadcaster, over the amplification of election falsehoods about the 2020 presidential election. The terms of the settlement were confidential and could not immediately be learned. Smartmatic filed the lawsuit in 2021, accusing OAN … Read more

What a murderous Winnie the Pooh can tell us about the public domain and remix culture

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[ad_1] LOS ANGELES — The giant stuffed bear, its face a twisted smile, lumbers across the screen. Menacing music swells. Shadows mask unknown threats. Christopher Robin begs for his life. And is that a sledgehammer about to pulverize a minor character’s head? Thus unfolds the trailer for the 2023 movie “Winnie the Pooh: Blood and … Read more

Ex-Army staffer pleads guilty in massive life-insurance scheme

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[ad_1] A former Army financial counselor accused of siphoning millions of dollars from deceased soldiers’ life insurance funds pleaded guilty in federal court Tuesday, accepting a deal with prosecutors that could put him in jail for years. After publication of a Washington Post investigation, federal investigators last year charged Caz Craffy, whose duties included providing … Read more

Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more

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[ad_1] U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up … Read more