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Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and Markets Authority said Thursday that it has…

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Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will involve thousands of daily decisions that…

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‘People are stretched’: Average consumer now carries $6,329 in credit card debt

Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at…

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Costco cracks down on sharing membership cards

The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on sharing membership cards with a new policy in which…

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Costco cracks down on membership card sharing

The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on membership card sharing with a new policy where all…

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NTSB grills Boeing execs on safety culture and retaliation allegations

Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of retaliation linked to two employees who were sidelined over a…

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Stocks fall as comeback rally falters; Dow lower by 100 points

Stocks slipped into the red as markets closed Wednesday, losing gains from earlier in the day as Wall Street failed to recoup losses from Monday’s massive sell-off. The Dow Jones Industrial…

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Why ‘wardrobing’ retail fraud soars in the summer

A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item, wears it with the tags on, and then returns the…

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In a reversal, Disney’s media assets are starting to generate more excitement than its parks

Here’s a surprise: Disney’s media business isn’t weighing down the company anymore. The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV…

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Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers

In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most famous tech antitrust case in U.S. history: Microsoft.…

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