WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order issued in August 2023 by President Joe…… MORE
LOS ANGELES (AP) — McDonald’s says testing has ruled out beef patties as the source of the outbreak of E. coli poisoning tied to its Quarter Pounders. The company said Sunday it will resume selling Quarter Pounders at hundreds of affected restaurants in the coming week. McDonald’s said in a statement that the U.S. Food…… MORE
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for crude spiked globally on Oct. 2 after Iran fired nearly 200 missiles into Israel, part of a series of rapidly escalating attacks between Israel and…… MORE
DETROIT (AP) — Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company’s stock price down 6% in trading after Monday’s closing bell. The automaker reported third-quarter earnings after the markets closed and said its…… MORE
Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash. Boeing Co. said Monday that it will offer 90 million in common stock and $5 billion in depositary shares. Last week Boeing…… MORE