Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 10% on Friday to their lowest level of the year. Although Intel’s revenue is no longer…
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Business
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The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to a recent study. Even as the…
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The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. In an interview, Transportation Secretary Pete…
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Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased…
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Business
Patriots owner says ‘Jew hatred’ on U.S. college campuses parallels Germany in 1930s and ’40s
New England Patriots owner Robert Kraft said Thursday that the campus protests launched nationwide in response to Israel’s campaign in Gaza are another parallel of the lead-up to the Holocaust. In an interview Thursday on…
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Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the largest in the airline’s history. “We’re looking into…
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Business
All the data so far is showing inflation isn’t going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good. In the aggregate, Commerce Department indexes that the…
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BALTIMORE — The first cargo ship passed through a newly opened deep-water channel in Baltimore on Thursday after being stuck in the harbor since the Francis Scott Key Bridge collapsed four weeks ago, halting most maritime traffic…
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Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week. Proponents…
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The United Auto Workers just notched a historic victory in Tennessee, the union’s first major win since signing new contracts in Detroit as it shifts focus to the South. Some industry workers there feel more…