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US retailers scramble ahead of holidays

MAJOR US retailers from Levi Strauss to Costco are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday season as an East Coast and Gulf Coast ports strike drags on. Long lines of container ships queued up outside major US ports on Thursday as the …

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BoJ urged to keep monetary policy

NAGASAKI, Japan — Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday the central bank must patiently maintain loose monetary policy as it will take time to eradicate the public’s view that prices are not set to rise much in the future. The comments from Noguchi, a known …

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US dockworkers end strike on pay deal

WASHINGTON, D.C. — US dockworkers will return to work after a three-day strike at East and Gulf Coast ports after the union and port operators reached a tentative deal on pay and extended the current contract to January 15, both sides said on Thursday. The International Longshoremen’s Association (ILA) had …

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Historic funding round values OpenAI at $157B

SAN FRANCISCO, California — OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence (AI). The landmark investment, one of Silicon Valley’s largest, was announced by OpenAI on Wednesday. Founded in 2015 …

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US urges shippers, union to hold talks

NEW YORK — US dockworkers picketed for a second day on Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election. About 45,000 workers with the International Longshoremen’s Association (ILA) walked off their …

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Apple gadget upgrades ready early next year

Customers can pre-order the new iPhone 16 and iPhone 16 Pro lineups, Apple Watch Series 10, the new black titanium Apple Watch Ultra 2, and the new AirPods lineup on apple.com and on the Apple Store app/apple.com  APPLE is close to starting production of an updated iPhone SE that will …

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