Boeing, facing severe financial and reputational damage from the 737 Max crashes, is implementing a comprehensive recovery plan involving better safety measures, workforce training, and buying back its troubled fuselage supplier.
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Family Business in Hong Kong Under Fire for Repackaging Tofu in Poor Hygiene Conditions
Hong Kong company known for its fermented Tofu, Liu Ma Kee, faces backlash after it was revealed that they imported and repackaged tofu under unsanitary conditions, contrary to its claims of producing it from scratch.
Disneyland Workers Vote to Authorize A Strike To Protest Wages and Benefits
Disneyland employees in California have authorized a potential strike, with nearly 99% of union members supporting the move amid ongoing contract negotiations over wages and benefits.
Xi Pledges Financial Support to Debt-Ridden Local Governments
President Xi Jinping announced strategies to strengthen the finances of China's indebted local governments, which include increasing their financial autonomy and opening infrastructure to private enterprises.
China Unaffected by Global Microsoft Outage, Thanks to Local Tech Investment
On July 19, a global Microsoft Windows outage disrupted foreign businesses and luxury hotels, but China’s key infrastructure remained largely unaffected, following the country’s push for tech self-sufficiency.
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Stellantis recalls over 24,000 plug-in hybrid minivans due to a potential battery fire risk, advising owners to park outdoors and avoid charging. At the same time, they investigate a defect linked to seven reported fires.
A recent update to CrowdStrike Falcon Sensor software caused widespread "blue screen of death" errors for Microsoft users worldwide, impacting both individuals and businesses and resulting in a 1.3% drop in Microsoft's stock price.
The company also said it will no longer participate in or support "external social or cultural awareness parades, festivals, or events.”
To compensate for the lost value, payments would need to increase to more than $4,400 a year. Read more here.
The new mini-model is an offshoot of GPT-4o, the company's fastest and most powerful AI model to date. Learn the features of this new model here.
The S&P 500 slid 0.78% on Thursday while the Dow fell 1.29%. Read more about it here. The US stock market saw a significant slump Thursday amid speculations the Federal Reserve could cut its benchmark rates in September.
Previous election seasons saw the S&P 500 slump and the Dow Jones Industrial Average trade below 11,000.
Netflix is expected to report its second-quarter earnings on July 18, with everyone on Wall Street paying close attention to any of the details or information the streaming service would provide about its advertising-supported business model.
Climate change is one of the most serious threats facing our planet today. Rising CO₂ levels in the atmosphere are causing global warming and making our oceans more acidic.
