Business

Neuralink competitor Paradromics completes its first human implant

Paradromics Inc., a neurotechnology company developing a brain-computer interface platform, successfully completed its first human procedure after nearly three years of preclinical studies.  The insertion of the company’s Connexus Brain-Computer Interface was led by the University of Michigan’s Dr. Matthew Willsey alongside Dr. Oren Sagher and a multidisciplinary team of…

Fight over lumber tariffs could reshape future of US home building

Lumber is in the spotlight as the National Association of Home Builders (NAHB) and the U.S. Lumber Coalition disagree over what’s behind the U.S. housing market slump. FOX Business correspondent Kelly Saberi reported Monday that the NAHB has pointed to tariff uncertainty and lumber prices as being partly responsible.The U.S.’s current…

Marriott targets budget travelers with new mid-scale extended-stay option

Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on “The Claman Countdown.”  He told host Liz Claman that Marriott International’s lower-income consumers “continue to prioritize travel, but they want to do it at a more thrifty price point,” citing spending data the company…

Disney cuts hundreds of TV and film jobs amid streaming expansion

Disney is cutting hundreds of employees across several TV and film teams as the company focuses on expanding its streaming services.  Employees in the marketing for film and television, as well as TV publicity, casting and development, and corporate financial operations will be impacted by the cuts, a spokesperson for…

Jamie Dimon warns US debt and deficits are a growing problem

JPMorgan Chase CEO Jamie Dimon warned in a new interview that the U.S. government’s rising debt and budget deficits are a problem that will eventually cause bond market issues, and offered his thoughts on how reforms should move forward. Dimon, in an interview aired on Monday on FOX Business Network’s “Mornings…

China accuses US of undermining trade agreement

China has accused the U.S. of undermining the trade agreement between the two countries that was established during a Geneva meeting in May. The U.S. and China announced a 90-day détente that involved reduced tariffs last month, but less than a month later, both are accusing each other of running…

Trump, China’s Xi talks ahead, stocks slide as June begins: Live Updates

Stocks are lower on Monday, the first trading session of June, on renewed trade tensions.The Dow Jones Industrial Average fell 300 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.4% and 0.3%, respectively.China said on Monday that President Donald Trump’s accusations that Beijing had violated the…

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