This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. On a hot Georgia afternoon this spring, Nancy Breland was in her yard clearing branches and…
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Business
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The NBA announced a new media deal late Wednesday that would end its long-standing relationship with TNT, while adding and restarting partnerships with Amazon and NBC — expanding the reach of professional hoops but potentially…
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Boeing’s crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company and agency study problems that arose early in…
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Business
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
by adminSouthwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years…
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With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. Traders expect a rate cut in September, according to the CME FedWatch Tool, which could lower the target…
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OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.” The company said it eventually plans to integrate the tool,…
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Business
Fed’s key inflation measure cooled slightly from a year ago, setting stage for rate cut
by adminAn important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price…
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Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000 megawatts of renewable and storage…
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Business
CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
by adminAt Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents…
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Business
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
by adminWall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most…