Jerusalem (JNS) – Israeli national airline El Al announced that it is moving its U.S. headquarters from New York City to Miami to save the company $500,000 annually. According to a report by Israel’s business daily Globes, the airline mentioned the move, which was approved by the board of directors, in its first-quarter financial statement. […]

NEW YORK (AP) — Best Buy Co. posted first-quarter results that showed shoppers pulled back on spending, while higher costs ate into profits. The nation’s largest consumer electronics chain also on Tuesday cut its annual outlook, citing a deteriorating economic environment. Best Buy was among a handful of big winners in the pandemic, as shoppers […]

LOS ANGELES (AP) — The U.S. housing market is slowing as would-be buyers struggle with rising borrowing costs and a persistent shortage of properties for sale. Previously occupied home sales fell in February and March as mortgage rates shot up, crimping homebuyers’ purchasing power during the annual spring homebuying season. The average weekly rate for […]

Pfizer CEO Albert Bourla explains new “ingestible pills” – with a tiny chip that sends a wireless signal to “relevant authorities” when the pill is taken. ‘IMAGINE THE COMPLIANCE’

BERLIN (AP) — German automaker Mercedes-Benz said Thursday that it has auctioned an extremely rare car from its company collection for a roaring 135 million euros ($143 million). The company said the price paid by a private collector earlier this month for the 300 SLR Uhlenhaut Coupé, with its distinctive gullwing doors, makes it the […]

WhatsApp parent Meta is moving forward with its push to attract businesses to its popular chat app, part its effort to find new ways to make money beyond targeted advertisements on its other platforms, Facebook and Instagram. Meta CEO Mark Zuckerberg on Thursday unveiled a developer tool, WhatsApp Cloud API, which will enable businesses to […]

NEW YORK (AP) — Investors on Wall Street need a place to hide. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re […]

NEW YORK (Yaakov M / VINnews) — What caused the baby formula shortage? The short answer is, the government. (In fact the Washington Examiner calls it “Biden’s formula shortage”.) Some have tried to blame COVID and the supply chain, which are convenient scapegoats. However other products (though overpriced) are not experiencing a shortage, so blaming […]

NEW YORK (AP) — An autonomous vehicle technology company that partners with Ford and Volkswagen says it has started driverless operations in two of eight cities where it is developing its technology. Pittsburgh-based Argo AI has pulled drivers from its autonomous cars in Miami and Austin, Texas, though it is still in the testing phase. […]

WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession. The Fed’s increases in its benchmark short-term rate typically lead, in turn, to higher borrowing […]