Amazon Prime Air loses two key operations leaders, as drone delivery struggles continue
Amazon’s drone delivery service has struggled to expand beyond tests in two small U.S. markets and has recently been hit with executive departures.
Mortgage demand drops again after FHA loan interest rate hits 21-year high
Mortgage interest rates soared across the board last week, as the rate on the government’s low down payment option increased to the highest level in 21 years.
UAW leader defends union’s lofty demands, (literally) trashes Stellantis contract proposals
UAW President Shawn Fain heavily criticized early-bargaining proposals from Stellantis before throwing the packet of papers into a trash can.
Soft landing vs. mild recession: What advisors are telling their clients about the economy
After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions. Here’s what financial advisors say.
Cloud stocks falter as Datadog trims 2023 revenue expectations
Organizations continue to look carefully at opportunities to save money on software given economic conditions, and that’s hurting cloud stocks.
Elon Musk’s X aims to win back advertisers with new brand safety technology deal
X said Tuesday that it signed an exclusive partnership with the ad-tech firm Integral Ad Science for brand safety technology.
Ohio voters reject GOP effort to cripple abortion rights amendment
A GOP-backed effort to make it more difficult to amend the constitution failed ahead of a fall referendum to enshrine abortion rights in Ohio.
Nvidia reveals new A.I. chip, says costs of running LLMs will ‘drop significantly’
Currently, Nvidia dominates the market for AI chips, with over 80% market share, according to some estimates.
White House to bolster cybersecurity training for K-12 schools, with help from the FCC, Amazon Web Services and more
Amazon Web Services committed $20 million to fund a cyber grant program for school districts and state departments of education.
As credit card debt tops $1 trillion for the first time, ‘a huge test’ for cardholders is coming
Total credit card debt hit a new high of $1.03 trillion, according to the New York Fed. High balances may stress cardholders as student loan payments resume.
