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Artificial intelligence can lead to surprises in all sorts of places where a bill once would have been considered settled. The use of AI by Hertz (and European car rental company Sixt) to scan for damage on cars, which is then charged to the customer, is a new application of the technology that is creeping … Read more
The future ticket counter at JFK’s new Terminal 1. Leslie Josephs/CNBC It’s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport in New York City is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The … Read more
A fan of Japanese manga reads a comic in his home in Kamisu in Japan’s Ibaraki Prefecture. Philip Fong | Afp | Getty Images Visitor interest in Japan plunged in June, amid a prophecy in a manga that predicted a “disaster” would strike Japan in July 2025. The prediction was in a 2021 … Read more
HONOLULU — Lawmakers on Maui passed legislation Thursday aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest action by a top global tourist destination to push back against the infiltration of vacationers … Read more
WASHINGTON — The head of the agency that compiles the closely watched monthly jobs report usually toils in obscurity, but on Friday, the current holder of that job was loudly fired by the president of the United States. Erika McEntarfer, a longtime government employee, bore the brunt of President Donald Trump’s unhappiness with Friday’s jobs … Read more
Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of U.S. President Donald Trump’s trade war. Switzerland, home to some the world’s most recognizable luxury brands, now faces an upcoming 39% tariff from the U.S. Industry groups on Friday warned that both Swiss companies and … Read more
MIAMI — A Miami jury decided that Elon Musk’s car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $200 million in punitive damages. The federal jury held that Tesla bore significant responsibility because its technology failed and that not … Read more
NEW YORK — Teen retailer American Eagle Outfitters has a message to its critics, who took issue over its denim ad campaign with 27-year-old actor Sydney Sweeney that sparked a debate over race and Western beauty standards. The campaign, the retailer said, was always about the jeans. In a statement posted on American Eagle’s Instagram … Read more
OMAHA, Neb. — OMAHA, Neb. (AP) — Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it … Read more
NEW YORK — Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion. The company predicts that by August roughly 3 million borrowers could move into default, meaning they’re 270 days past due on payments. At that point, loan holders are at risk … Read more