Business
The latest news and analysis on Business from The New-England Courant's award-winning journalists.
Kroger Plans to Cut 3,000 Corporate Jobs as Grocery Giant Expands AI Use
The restructuring is driven by a push to reduce costs, invest in AI, and lower grocery prices.
Bank of America Fined $1.2 Billion by Treasury Department for Money Laundering Violations
The Treasury Department's FinCEN unit levied the third-largest fine in its history, accusing the bank of failing to flag Chinese money laundering networks and border-related illicit finance.
Amazon in Talks to Acquire AI Startup Decart for Approximately $7 Billion
The acquisition would expand Amazon's generative AI capabilities and enterprise cloud offerings significantly.
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Paramount Settles State Lawsuit, Clearing $110bn Warner Bros Merger
Production quotas, Miramax divestiture penalties and an independent monitor are central to the agreement with California-led states.
Rodrigues tops disclosed payouts at UFC Sacramento
Gregory Rodrigues led all fighters on the card in disclosed compensation, though the figures capture only part of total pay.
Federal Reserve Renovation Project Cleared of Criminal Wrongdoing
Justice Department confirms no evidence of crime in major renovation activities.
Dow Jones Rebounds After Initial Sell-Off Amid Trump’s Iran War Comments
Market reacts positively as uncertainty surrounding geopolitical tensions begins to ease.
Pentagon to Integrate Palantir AI into Military Operations
New strategic initiative aims to enhance data analysis and operational efficiency.
The Iran Conflict: Implications for Global Helium Supply
Ongoing hostilities in Iran could significantly disrupt helium exports, affecting industries worldwide.
Dow Jones Futures Fluctuate Amid Rising Oil Prices; Micron Sees Decline Despite Strong Earnings
Investors react to fluctuating oil prices and mixed earnings reports as futures trade cautiously.
Iran's Oil Exports Flourish Amid Increased Maritime Traffic
Dozens of vessels traverse the Strait of Hormuz, facilitating Iran's continuing oil shipments despite international scrutiny.