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- Trump’s Pick for F.A.A. Leader Is Grilled Over Views on Pilot Training and Safety
The confirmation hearing for Bryan Bedford, a commercial airline executive, came as the agency confronts critical staffing shortages and questions about passenger safety. ...[TheTopNews] Read More.42 mins ago - JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing."I think there's a chance real numbers will deteriorate soon," Dimon said Tuesday at a Morgan Stanley conference.Dimon pushed back on suggestions that economic surveys showing diminished business and consumer confidence are an indicator of what's to come. He explained that "neither consumers nor businesses ever pick the inflection points," and added that the economy's "soft landing" will probably look weaker as conditions deteriorate."Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it's just a little bit," Dimon said, adding that reduced immigration could weaken the economy through its impact on the labor market.JAMIE DIMON SAYS HE'S NOT AFRAID OF CHINA, BUT WORRIES ABOUT AMERICA'S OWN CHALLENGESDimon also raised concerns regarding private credit markets if a recession materializes, saying that banks… ...[TheTopNews] Read More.55 mins ago - Grocery chain’s distributor suffers cyberattack, disrupting operationsUnited Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations.The company announced the cyber incident on Monday, saying in a Securities and Exchange Commission filing it had detected "unauthorized activity" on certain information technology systems on June 5. UNFI said it "proactively" shut down some of its systems as part of its response to the cyber incident and was "actively working to assess, mitigate, and remediate" the situation with the help of cybersecurity professionals. Taking systems offline has "temporarily impacted the Company’s ability to fulfill and distribute customer orders," the filing said. STEELMAKER NUCOR EXPERIENCES CYBERSECURITY INCIDENT, SHUTS DOWN SOME PRODUCTIONIn UNFI’s third-quarter earnings release the following day, CEO Sandy Douglas said the grocery wholesaler was "focused on diligently managing through the cyber incident we announced yesterday to rapidly and safely restore our capabilities, while… ...[TheTopNews] Read More.1 hour ago
- States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcyBankrupt 23andMe is facing a lawsuit over its plans to sell customer genetic information.Twenty-seven states and the District of Columbia took legal action this week against 23andMe in the U.S. Bankruptcy Court for the Eastern District of Missouri, the court overseeing the Chapter 11 bankruptcy proceedings that the genetic testing company entered earlier in the year. 23ANDME FILES FOR BANKRUPTCY AS CALIFORNIA AG URGES CUSTOMERS TO DELETE DATAThe states contend 23andMe has "no right to sell their customers’ genetic identities to the highest bidder" unless the company "first obtain[s] express informed consent to the proposed transaction/transfer by each consumer impacted." They want the bankruptcy court to rule on "whether and to what extent" the genetic testing company can "sell and transfer to a third party such intimate customer data without first obtaining the express informed consent of its customers," according to the filing.In the filing, the states said they were "not objectively… ...[TheTopNews] Read More.2 hours ago
- Washington Post Names Adam O’Neal as Opinion EditorMr. O’Neal, a correspondent for The Economist, will be in charge of championing “personal liberties and free markets,” the section’s new direction laid out by Jeff Bezos. ...[TheTopNews] Read More.2 hours ago
- GM doubles down on American manufacturing with $4B investmentGeneral Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles.With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the company announced it earmarked $888 million for its Tonawanda Propulsion plant near Buffalo, New York, to support production of its next-generation V-8 engine. Prior to the investments, the company was producing about 1.7 million vehicles in the U.S. It's just one of many automakers that have pledged to build vehicles in the U.S. and to support American jobs. TRUMP TARIFFS FACE LEGAL BATTLE AS FEDERAL APPEALS COURT TEMPORARILY BLOCKS TRADE RULING"We believe the future of transportation will be driven by American innovation and manufacturing expertise," said GM CEO Mary Barra.The company's commitments, along with other heavy hitters… ...[TheTopNews] Read More.2 hours ago
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