Boeing Engineers workforce has moved closer to a new labor agreement after the union representing the company’s engineers and technical employees recommended that members accept the latest contract proposal. The recommendation marks a significant step toward resolving negotiations after Boeing’s…
Meta is testing a human support layer for its new personal AI Agent Muse as the company works to expand the agent’s ability to handle real-world tasks. Under the test, human contractors can step in and handle some phone calls…
Global Wheat Market Faces a New Supply Squeeze Wheat buyers across Asia, the Middle East and Africa are preparing for significantly higher costs as the prolonged Russia-Ukraine war continues to disrupt shipments from the Black Sea. Many importers delayed purchases…
Cruise Giant Expands Into Luxury Resorts Royal Caribbean Group has agreed to acquire a 50% stake in Sandals Resorts International for approximately $3 billion, marking a major expansion beyond the cruise industry and into land-based vacations. The transaction will bring…
AI Devices Aim to Move Beyond the Smartphone Technology companies are increasingly betting that artificial intelligence-powered wearables could become the next major computing platform after smartphones. Smart glasses, AI pins, pendants and voice-recording devices are being developed to give users…
Chip Giants Turn Down KEPCO Proposal Samsung Electronics and SK Hynix have rejected a proposal from South Korea’s state-run Korea Electric Power Corp. to make a combined upfront payment of about 25 trillion won, or roughly $18.7 billion, toward future…
Currency Markets Enter a Critical Policy Week The U.S. dollar held relatively steady on Monday while the Japanese yen remained close to a seven-month high as investors prepared for interest-rate decisions from the Federal Reserve and the Bank of Japan.…
Vessel Traffic Falls Well Below Normal Levels Shipping activity through the Strait of Hormuz remained significantly below normal over the weekend, highlighting the continuing disruption to one of the world’s most important energy corridors. Only four commodity vessels exited the…
Goldman Sachs Changes Its Federal Reserve Call Goldman Sachs has changed its outlook for U.S. monetary policy and now expects the Federal Reserve to raise interest rates at its September meeting. The investment bank had previously expected the Fed to…
Bank of Japan Sees a New Kind of Inflation Risk The Bank of Japan is increasingly concerned that external economic shocks could produce stronger and more lasting inflation than previously expected. Koji Nakamura, an executive director overseeing the central bank’s…
