Business
Transportation Secretary Sean Duffy blamed outdated routers and decades-old technology for Friday’s nationwide Federal Aviation Administration (FAA) ground stop, urging Congress to approve $50 billion in emergency funding to rebuild the country’s aging air traffic control system. Speaking at a White House news conference Friday evening, Duffy said the FAA…
An hours-long nationwide ground stop issued by the Federal Aviation Administration (FAA) on Friday afternoon was lifted after 8 p.m. ET, Transportation Secretary Sean Duffy said during a White House news conference. Duffy said in the White House briefing room: “We’ve opened up the airspace,” but he said it would…
Microsoft said Friday afternoon that a global outage affecting its suite of workplace products, most notably its Outlook email service, was caused by a bug introduced during a network capacity upgrade. “We have addressed the underlying issue and continue to restore service to remaining customers and regions,” Microsoft said in…
The Federal Aviation Administration has issued a nationwide ground stop due to “extraordinary circumstances.” “DUE TO EXTRAORDINARY CIRCUMSTANCES AND FOR REASONS OF SAFETY.ATTENTION ALL AIRCRAFT OPERATORS, BY ORDER OF THE FEDERAL AVIATION COMMAND CENTER ALL AIRPORTS ARE GROUND STOPPED,” the FAA said in the alert. “ALL DEPARTING TRAFFIC SHOULD REMAIN…
The value of former Nvidia CEO Jensen Huang’s stock holdings in the tech company have plunged more than $20 billion this week. A September Securities and Exchange Commission filing showed Huang reporting beneficial ownership of approximately 811.5 million Nvidia shares, including about 70.1 million shares held directly and hundreds of…
Nvidia’s Board of Directors has approached Rene Haas, the CEO of British chipmaker Arm, in its search for the successor to Jensen Huang, according to a report from the Financial Times. The outlet reported Friday that Haas, who had led Arm since 2022, spent seven years working at Nvidia more…
The Social Security Administration (SSA) revealed last month the annual cost-of-living adjustment (COLA) for 2027, which will give a boost to beneficiaries’ monthly checks amid stubborn inflation. The COLA will boost benefit checks by 3.6% in 2027, starting with payments distributed for January. That increase will amount to an average…
American households can avoid common estate planning pitfalls by ensuring they have conversations about how the process will play out upon a loved one’s death. Lorne Maltenfort, national director of private wealth planning at Wells Fargo, told FOX Business that there are two parts, in particular, of a wealth transfer…
Microsoft’s suite of workplace products — including its Outlook email service and Copilot AI assistant — remained severely disrupted Friday as a global outage dragged into its second day, hampering everyday operations for major businesses and millions of users worldwide. Microsoft ruled out the possibility of a hack or other…
Ford Motor Co. is opening the doors to a massive new archive outside Detroit, bringing roughly 150 historic vehicles, concept cars and racing machines under one roof. The 79,000-square-foot Ford Vault opens Friday and consolidates vehicles previously stored across several locations in southeast Michigan, giving employees and visitors a firsthand…
