Business

Electric bills are becoming a midterm problem neither party can ignore

For millions of Americans, higher electricity bills are becoming a monthly frustration and a growing force in the midterm elections. Unlike more volatile costs such as gasoline, electricity is a steady, unavoidable expense tied directly to basic needs — keeping the lights on, heating and cooling homes and powering everyday…

Elon Musk offers to pay TSA workers’ salaries amid DHS budget standoff

Elon Musk offered to cover the salaries of Transportation Security Administration (TSA) personnel during the ongoing government funding standoff. “I would like to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country,”…

HSBC weighs deep job cuts as AI overhaul unfolds: report

Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is…

Amazon developing new AI-driven smartphone years after Fire Phone flop: report

Amazon is reportedly developing a new smartphone more than a decade after scrapping its Fire Phone, with plans for an AI-driven device integrated with Alexa and its broader services ecosystem. The tech giant’s new effort is called “Transformer” and is being developed within the company’s devices and services unit, according…

Artificial intelligence helps unlock geothermal potential

Geothermal energy has been around since earth’s creation and exists almost everywhere, yet harnessing its full potential has proven difficult since viable sources are often difficult to find.  “The U.S. has a lot of it, and most of it in the U.S. is untapped. It’s a tremendous sort of resource base…

Elon Musk misled Twitter investors ahead of acquisition, jury says

A California jury on Friday concluded that Elon Musk misled Twitter investors ahead of his $44 billion acquisition of the social media giant in 2022. Jurors in federal court in San Francisco found on Friday that Musk intentionally misled Twitter shareholders when he tweeted the social media network, which was…