Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap. “We […]

JetBlue to partner with another U.S. airline in the coming weeks

JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines. JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United. JetBlue’s planned acquisition of Spirit Airlines was blocked by the […]

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development.  Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments […]

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we […]

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing. Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens […]

Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest […]

American liquor exports hit record high in 2024, driven by tariffs

U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday. “U.S. spirits exports hit a new high in 2024, recapturing lost market […]

Amazon and Nvidia say AI data center demand isn’t slowing

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said […]

Amazon and Nvidia say AI data center demand is not slowing down

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said […]

The trucking industry hits the brakes with tariffs set to dent imports

U.S. trucking is heading for a slowdown, with industry players fearing the “worst is yet to come” as tariffs start to crimp imports. Trucking volumes have plunged to near pre-pandemic levels, according to Craig Fuller, founder of the logistics industry publication FreightWaves. “With imports deteriorating, volumes are expected to fall by another 3-4% over the […]