Business

Federal officials have begun investigating a close connection between planes in Boston, and they released new details Thursday about a harrowing incident at a Texas airport. The National Transportation Safety Board said it didn’t determine exactly how close a FedEx cargo plane flew over the top of a Southwest Airlines jet in Austin, Texas last month, but there was little…

Tesla on Thursday received more than $330 million in tax breaks from Nevada for the company’s commitment to a massive expansion of its sprawling vehicle battery facilities east of Reno, including the construction of a new electric semi-trailer factory. The approval of the governor’s Office of Economic Development came as Governor Joe Lombardo cited the benefits of good-paying jobs and…

When the wreck of Ernest Shackleton’s ship Endurance was found nearly 10,000 feet below the surface of Antarctica’s Weddell Sea in March 2022, it was only 4 miles from its last known position, as recorded by Endurance’s captain and navigator, Frank Worsley, in November 1915 That’s amazing accuracy for a position determined with mechanical tools, book-length reference number tables, and…

It’s hard to get a solid picture of today’s economy as the lowest unemployment rate in 53 years counters headlines of mass layoffs at companies like Amazon and Microsoft. CEOs and economists can’t seem to agree on whether a recession or a soft landing is imminent. One thing is for sure, though: more and more Americans are struggling to make…

Torrential rainfall and snowfall since late last year has lifted half of California from drought, but low groundwater levels remain an ongoing problem, US drought monitor data showed on Thursday. The latest survey found that about 49% of the state is experiencing moderate or severe drought, and nearly 17% of the state is free of drought or a condition described…

A specter is haunting the housing market: the specter of last year’s mortgage rates. The average interest rate on 30-year fixed-rate mortgages hit 7.10% on Thursday, the highest since November last year. Higher mortgage interest rates led to a fall in demand. Meanwhile, homeowners who have secured lower mortgage rates are choosing not to sell, reducing the inventory available. That…

Dolly Parton famously and often uttered these words. But if she really were a drag queen, one of Tennessee’s most famous daughters would likely be out of a job when Republican Gov. Bill Lee signed law into law on Thursday. Lee signed the law into law without issuing a statement or public ceremony. The bill will go into effect on…

Elon Musk is all about robots. He has likened his self-driving Tesla cars to “robots on wheels.” As for the legged robots, he has big plans to eventually sell a humanoid robot named Optimus. When it showed off the prototype last year, Optimus failed to impress artificial intelligence experts and investors. But that didn’t deter Musk, and at Tesla’s investor…

Citigroup Inc. is shedding hundreds of jobs across the company, including the Wall Street giant’s investment banking arm. The cuts amount to less than 1% of Citigroup’s 240,000 employees, according to people familiar with the matter, who asked not to be named to discuss personnel information. Also affected are employees in the company’s operations and technology organization and the US…

New York is doubling the number of licenses it is issuing for a first round of legal marijuana stores, regulators said Thursday, although only a fraction of those dispensaries already licensed have opened and a court ruling has suspended licensing in some areas. Nearly two years after legalizing recreational marijuana for adult use, New York is still working to ramp…