Business

American Airlines agrees to buy 20 supersonic planes from Boom

Blake Scholl, the CEO of Boom stands in front of the XB-1 aircraft that Boom Supersonic is using to test the avionics of their proposed aircraft, with which they hope to resurrect commercial supersonic air travel across the Atlantic, in Centennial, Colorado, August 13, 2021. Alyson McClaran | Reuters American Airlines has agreed to purchase …

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Kraft Heinz recalls contaminated Capri Sun Wild Cherry drinks

Placeholder while article actions load Kraft Heinz recalled more than 5,700 cases of Wild Cherry Capri Sun drinks contaminated with cleaning solution, the company said in a statement on Friday. The recall applies to all products with a “best when used by” date of June 25, 2023. The company issued the voluntary recall after the …

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Reebok owner Authentic Brands strikes $254 million deal for Ted Baker

A branch of Ted Baker stands on Regent Street in London, England. Jack Taylor | Getty Images News | Getty Images Authentic Brands Group, the retail conglomerate that owns businesses including Reebok, Forever 21 and Juicy Couture, has struck a deal to buy UK fashion chain Ted Baker for about £211 million, or $254 million. …

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Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026

Polestar announced that its O2 electric roadster concept has graduated to a production model as the Polestar 6, with assembly expected to kick off in 2026. The O2, which was first unveiled earlier this year, was originally designed to showcase the automaker’s bonded aluminum platform, which Polestar produces in-house, as well as some quirkier features …

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5 things to know before the stock market opens Tuesday, August 16

Traders work on the floor of the New York Stock Exchange (NYSE), August 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Soft morning for stocks US equities markets looked headed for a tepid opening Tuesday morning after all three major indexes …

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FAA cancels New York ground delays triggered by staffing issues

(CNN) — The Federal Aviation Administration has canceled an earlier warning that flights in and out of New York City area airports could be delayed up to two hours Monday night because of a shortage of air traffic controllers. “The New York City airspace now has some additional staffing, allowing us to cancel the ground …

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Apple employees will need to work from its offices three times a week starting in September

After multiple delays and false starts, Apple now has a solid start date for its hybrid work arrangement. according to Bloomberg and The Verge, the tech giant will start requiring employees who work in its Santa Clara Valley offices to report to office three times a week starting in the week of September 5th. They’re …

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Bond yields are flat as traders look ahead to big data releases

Bond yields were flat Tuesday as markets looked ahead to new data on housing, manufacturing and retail sales. The yield on the benchmark 10-year Treasury note was up less than 1 basis point at 2.797%, and the yield on the 30-year Treasury bond fell marginally to 3.096%. The yield on the shorter-term 2-year Treasury note …

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