Study Finds Automation Often Targets Higher-Wage Workers to Cut Costs
Research shows U.S. firms have used automation mainly to replace better-paid workers, significantly contributing to income inequality and limiting productivity gains
Archive 
FTC Approves Valvoline-Greenbriar Deal with Oil Change Shops Divestiture
The FTC finalized a consent order requiring Valvoline to divest 45 quick-lube outlets to maintain competition after acquiring similar businesses from Greenbriar Equity Fund
Ted Turner, CNN Founder and Media Pioneer, Dies at 87
Ted Turner, the media mogul who created CNN and pioneered 24/7 cable news, died at age 87
Aurora CEO Chris Urmson Says Self-Driving Trucks Are Ready to Scale
Aurora began commercial driverless trucking last April and plans to expand its fleet from a few trucks to hundreds in 2024
U.S. Gas Prices Surge Above $4.50 Amid Middle East Tensions
Gasoline costs in the U.S. have risen to their highest level since July 2022, driven by supply concerns linked to the ongoing Iran conflict
U.S. National Debt Surpasses GDP for First Time Since World War II
The total U.S. debt has exceeded the country’s gross domestic product, a milestone not seen since the end of World War II
Delta cuts food service on flights under 350 miles starting May 19
Delta Air Lines will stop offering food and beverage service on flights shorter than 350 miles, affecting about 9% of its daily flights
Companies Cite AI in Rising Wave of Workforce Layoffs
Increasingly, firms are attributing large job cuts to artificial intelligence adoption as they restructure for greater efficiency and productivity
GameStop Offers $55.5 Billion to Acquire eBay, Signals Hostile Bid Threat
GameStop proposes a $55.5 billion purchase of eBay, combining a leading video game retailer with a major online marketplace amid plans for a potential…
Trump Family’s Cryptocurrency Venture Sues Justin Sun for Defamation
World Liberty Financial alleges crypto billionaire Justin Sun launched a public smear campaign damaging the venture’s reputation and business interests