Business

Ford is turning one of Washington, D.C.’s busiest transit hubs into a showcase of American industry, innovation and horsepower for the nation’s 250th birthday.The automaker has opened "Driving America Forward," a free Union Station exhibit that traces Ford’s 123-year impact on American life — from the factory floor and World War II to farms, racetracks and pop culture.The exhibit runs July 1 through July 14 as millions of visitors travel […]

America's largest electric grid has secured emergency federal authority that could allow some data centers and other large electricity users with backup generators to temporarily reduce their power consumption as officials prepare for what could become the system's highest electricity demand in nearly two decades.PJM Interconnection, which serves about 67 million people across 13 states and Washington, D.C., said Wednesday it expects electricity demand to reach about 166,147 megawatts on […]

California's standardized food date-labeling law took effect Tuesday, requiring food manufacturers that choose to display expiration-style dates on products sold in the state to use uniform language and prohibiting consumer-facing "sell by" labels.Under Assembly Bill 660, food manufacturers, processors and retailers that display date labels on food manufactured on or after July 1, 2026, must use "BEST if Used by" or "BEST if Used or Frozen by" to indicate product […]

Goldman Sachs on Thursday announced that it will make a matching contribution to Trump Accounts for eligible children of the firm's employees.The company will make a one-time matching contribution of $1,000 to employees with children born between 2025 and 2028 upon the time of enrollment in Trump Accounts, matching the $1,000 federal seed contribution."Starting early and staying invested for the long term is one of the most reliable ways American families […]

The U.S. economy added jobs at a steady pace in June despite headwinds caused by elevated inflation and uncertainty over the Iran war's economic impact.The Bureau of Labor Statistics on Thursday reported that employers added 57,000 jobs in June. That figure was below the estimate of economists polled by LSEG, who estimated 110,000 jobs added.The unemployment rate dipped to 4.2%, which was also below the estimate of 4.3%.Revisions were made to the […]

UPS said it relied on Boeing's assessment that a known engine mount issue did not pose a flight safety risk when it chose not to adopt enhanced inspections before last year's fatal cargo plane crash in Louisville, according to newly released National Transportation Safety Board filings.In its post-hearing submission to the NTSB, UPS said it followed all required Boeing and Federal Aviation Administration-approved maintenance programs for its MD-11 fleet. The company […]

Months before New York City approved a historic two-year rent freeze, Google co-founder Sergey Brin quietly exited a struggling real estate fund at a steep loss.In December, Brin sold his stake back to A&E Real Estate, the fund's manager, for six cents on the dollar, according to documents obtained by Bloomberg.The fund holds 5,900 rent-stabilized apartments, with Brin's stake being valued at roughly $79 million, a drop in the bucket […]

Sony is ending production of physical discs for all new PlayStation game releases beginning in January 2028, marking a significant step in the gaming industry's ongoing transition to digital distribution. Sony Interactive Entertainment announced the decision Wednesday in a post on its official PlayStation Blog, saying all new games released after January 2028 will be available through the PlayStation Store and retailers in digital formats only.The company said the move reflects […]

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant's first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago.The acquisition will strengthen Kroger's presence across several Midwestern and Mid-Atlantic markets as traditional grocery chains compete with Walmart and Amazon while consumers continue searching for lower prices after years of elevated inflation."We evaluated […]