Business news

• Airliner under investigation after pilots fell asleep midflight for nearly 30 minutes

  10-03-2024 23:06 via foxbusiness.com
  
  An Indonesian airliner is under investigation after two of its pilots fell asleep midflight for nearly 30 minutes while 159 passengers were on board. An incident report from the country’s National Transportation Safety Committee found that Batik Air flight BTK6723 diverted from its path during a Jan. 25 flight after its two pilots dozed off for 28 minutes.The midair nap came during a two-and-a-half-hour flight from the island of South East Sulawesi to the Indonesian capital of Jakarta
  
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• Nvidia faces lawsuit from authors over alleged copyright infringement in AI models

  10-03-2024 22:11 via foxbusiness.com
  
  Tech giant Nvidia is facing a lawsuit from a group of authors who said it used their copyrighted works without their permission to train its artificial intelligence (AI) platform NeMo.Brian Keene, Abdi Nazemian and Stewart O'Nan said their works were included in a dataset of 196,640 books that were used to train NeMo to simulate ordinary written language before it was removed in October "due to reported copyright infringement."The authors' proposed class action lawsuit was filed Friday night in
  
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• Chinese crane firm denies posing security risk at US ports amid investigation

  10-03-2024 20:25 via foxbusiness.com
  
  A Chinese firm under investigation by Congress over posing a potential cybersecurity threat at U.S. ports said that its cranes don't pose a national security risk.Shanghai Zhenhua Heavy Industries (ZPMC) is under investigation by the House Select Committee on the Strategic Competition between the U.S. and the Chinese Communist Party and the House Homeland Security over its installation of equipment onto ship-to-shore (STS) cranes bound for U.S. ports. "ZPMC takes the U.S. concerns seriously
  
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• IBM vice chair points out flaw in Biden billionaire claim

  10-03-2024 18:59 via foxbusiness.com
  
  President Biden’s jab at billionaires not paying their fair share during his State of the Union address last week is flawed, according to Gary Cohn, IBM vice chair and former Trump economic adviser, who said that billionaires with income in the U.S. pay at least 20% in taxes.Cohn appeared on CBS's "Face the Nation" to dispel how Biden tried to tap into the perception that the wealthy have greater advantages than the "little guy" after Biden claimed that billionaires pay a lower tax rate th
  
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• Musk says X will soon make long-form videos available on smart TVs

  10-03-2024 17:23 via foxbusiness.com
  
  Elon Musk said his social media platform X is planning to launch an app for smart TVs where long-form videos from the platform can be watched.Musk's comments come after Fortune reported that X, formerly known as Twitter, plans to launch a TV app for Amazon and Samsung users next week. A source told the outlet that the TV app looks "identical" to YouTube's TV app in a sign that Musk wants the X app to compete with the Google-owned video platform.X rolled out an early version of its updated video
  
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• He’s the son of a baseball commissioner. He might win an Oscar.

  10-03-2024 15:00 via foxbusiness.com
  
  Seven years before his Academy Award-nominated performance as a curmudgeonly teacher at a New England boarding school in "The Holdovers," Paul Giamatti starred in a small indie drama called "The Phenom." He played a sports psychologist tasked with trying to help a troubled young pitcher overcome a sudden inability to throw the ball anywhere near the plate.The little-seen film is a footnote in an acting career that has spanned more than three decades and could reach a new pinnacle with a win at t
  
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• What $1M will fetch you in the world's most expensive real estate markets

  10-03-2024 12:00 via foxbusiness.com
  
  A million dollars does not stretch very far in the most expensive cities in the world. In Monaco – the European enclave known for attracting the rich and famous with its luxurious lifestyle and tax haven status – $1 million fetches just 172 square feet, according to the 2024 wealth report published by Knight Frank.That is the smallest amount of space $1 million will buy you in the 15 city locations surveyed. Hong Kong came in second, with 236 square feet, followed by Singap
  
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• Maintenance guys who keep luxe Disney California hotels running sue over wages, can't feed their families

  10-03-2024 09:00 via foxbusiness.com
  
  More than 100 Disney hotel maintenance workers responsible for keeping the company's luxe hotels up and running in southern California are suing the entertainment giant for allegedly paying them less than fast-food workers earn in the state and forcing them to moonlight at second jobs despite working overtime."A ton of us have or had second jobs just to survive," lead plaintiff Charlie Torres told FOX Business. "I was working 48-plus hours a week in the mornings at Disney and delivering pizzas f
  
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• It's nearly impossible to find a place to rent. But retirement homes have room to spare

  10-03-2024 09:00 via cbc.ca
  
  While Canada’s average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property much more likely to have a “for rent” sign out front: retirement homes.
  
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• Powerball continues to grow, jackpot now at an estimated $532M

  10-03-2024 06:51 via foxbusiness.com
  
  The Powerball jackpot rose to an estimated $532 million after no tickets matched the winning numbers during Saturday night's drawing.The winning numbers Saturday night were: 30, 36, 49, 52, 63 and a red Powerball 16. The Power Play was 5X.While nobody won the estimated $521 million jackpot Saturday night, two players — one in Florida and one in New York — won $1 million after matching all five white balls and one other player in Ohio won $2 million after matching the white balls and
  
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• Costco taps into silver coins sales following overnight success of gold bars

  10-03-2024 04:49 via foxbusiness.com
  
  After Costco's gold bars flew off the shelves, the wholesale retailer turned to selling silver coins. Sold in 25 tubes, the 1-ounce Canada Maple Leaf Silver Coins are priced at $679.99.The coins from the Royal Canadian Mint have a image King Charles III on one side and a maple leaf on the other. They have a face value of 5 Canadian dollars each.COSTCO SOLD $100 MILLION IN GOLD BARS LAST QUARTERThe silver coins are 99.99% pure, Costco said.Members can buy a maximum of five tubes of silv
  
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• Campbell's releases new tomato soup flavor inspired by beloved comfort dish: 'Classic pairing'

  10-03-2024 03:36 via foxbusiness.com
  
  Campbell's is releasing the perfect soup flavor for grilled cheese lovers.The New Jersey-based canned soup company announced Thursday that it is debuting its new Grilled Cheese and Tomato Soup product.The soup is "infused with the flavors of a grilled cheese sandwich for the ultimate spoonful of flavor and comfort," according to a press release released by Campbell's.KRAFT HEINZ UNVEILS PLANT-BASED ‘MAC & CHEESE’The company also says that the soup can be altered to suit the
  
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• Google fires employee who interrupted tech conference with anti-Israel rant: 'Not okay'

  10-03-2024 02:50 via foxbusiness.com
  
  The Google employee who interrupted a tech conference by unleashing an anti-Israel rant and accusing his company of "power[ing] genocide" has been terminated, FOX Business has learned.The disruption happened at New York City's "Mind the Tech" conference on Monday. Google Israel managing director Barak Regev was giving a lecture at the time.The employee, whose name was not released by Google, abruptly interrupted Regev's speech to reference the war between Hamas and Israel. The conflict began on
  
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• 'Willy Wonka Experience' creator apologizes after misleading parents, marketing drab event with AI-made images

  10-03-2024 02:44 via foxbusiness.com
  
  The man behind the failed "Willy Wonka's Experience" event in Glasgow, Scotland, which attracted criticism for its AI-generated advertisements, recently broke his silence about the controversy.Facing international ridicule over the venture, House of Illuminati director Billy Coull took the blame for the event's marketing and execution last week. "Willy Wonka's Experience" originally promised to take families into "a universe where confectionary dreams are brought to life."While the event wa
  
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