Business

As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy

Bruce Killigang

Cindy Camp is one of many Americans facing rising utility costs. Ms. Camp, who lives in Baltimore with three family members, said her gas and electric bills kept “going up…

Business

Democrats Question Semiconductor Program Ties to Wall Street

Bruce Killigang

Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions…

Business

U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy

Bruce Killigang

U.S. Steel is an iconic example of the lost manufacturing muscle that President Biden says his economic policies will bring back to the United States.But last month, the storied-but-diminished company…

Business

FAA Orders Some Boeing Max 737 Planes Grounded Pending Inspection

Bruce Killigang

The Federal Aviation Administration on Saturday ordered U.S. airlines to stop using some Boeing 737 Max 9 planes until they were inspected, after one of those planes lost a piece…

U.S. Awards Chip Supplier 2 Million to Bolster Critical Industries

Business

U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

Bruce Killigang

The Biden administration on Thursday announced plans to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, defense and other industries.The agreement…

Business

Xerox to Cut 15% of Its Work Force in the First Quarter of 2024

Bruce Killigang

Xerox said on Wednesday that it was cutting 15 percent of its work force as part of a restructuring, the company’s latest effort to shift focus to its business-services offerings…

Business

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

Bruce Killigang

The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies…

Business

From A.I. to inflation, 11 business charts that explain 2023

Bruce Killigang

It has been a confusing year for the economy and markets. At the start of 2023, economists largely predicted a global recession, and Wall Street was bearish on stocks, with…

Business

Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled

Bruce Killigang

Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the zucchini he puts in salads…

Business

New York Times Sues OpenAI and Microsoft Over Use of Copyrighted Work

Bruce Killigang

The New York Times sued OpenAI and Microsoft for copyright infringement on Wednesday, opening a new front in the increasingly intense legal battle over the unauthorized use of published work…