Business Archives - Page 8 of 8

Elon Musk awarded nearly $1 trillion pay package by Tesla shareholders

Thursday, November 6

Tesla shareholders awarded CEO Elon Musk a pay package on Thursday that could grant the tech entrepreneur nearly $1 trillion in compensation over the next decade.The pay package would make Musk the best-compensated CEO ever recorded. According to a securities filing in September, Musk... Read More.

Travel chaos worsens amid government shutdown

Tuesday, November 4

(NEW YORK) -- Travelers with plans to fly amid the government shutdown are searching for refund policies related to flight delays or cancellations, as well as information on what resources are available to them if a booking is significantly impacted by the continued ripple... Read More.

Fed expected to cut interest rates, but less than Trump wants

Wednesday, October 29

(WASHINGTON) -- The Federal Reserve on Wednesday will set the level of its benchmark interest rate, adjusting a major policy lever for the first time since a government shutdown sharply restricted the release of gold-standard federal data about the economy.In a rare exception, the... Read More.

Amazon layoffs highlight impact of AI, some experts say: ‘Wake-up call’

Tuesday, October 28

(NEW YORK) -- Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial intelligence, the company said in a memo to employees on Tuesday."Some may... Read More.

Trump’s halt of US-Canada trade talks could impact these prices

Saturday, October 25

(NEW YORK) -- Prices for home appliances, cars and auto parts could be impacted by President Donald Trump’s decision overnight to end trade talks between the U.S. and Canada, some trade experts told ABC News.Trump said he's terminating trade negotiations with Canada in response... Read More.

Inflation climbs to highest level since January, beef prices soar

Friday, October 24

(NEW YORK) -- Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its highest level since January, government data on Friday showed. The reading came in lower than economists' expectations.The fresh data marked... Read More.

What could supply chain snags in the auto industry mean for car buyers?

Thursday, October 23

(NEW YORK) -- Car buyers may face elevated prices and a shortage of some vehicles due to a supply chain snarled by tariffs and challenges accessing crucial materials, some industry experts told ABC News.A shortage of aluminum halted production at plants operated by Jeep... Read More.