Category Archives: WBAP 24/7 News

Treasury Issues Rule to Block US Investors From Helping China Develop Advanced Military Technology

Treasury Issues Rule to Block US Investors From Helping China Develop Advanced Military Technology

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

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Ford Cuts 2024 Earnings Guidance Due to Warranty Costs and Slow Pace of Cost Cutting

Ford Cuts 2024 Earnings Guidance Due to Warranty Costs and Slow Pace of Cost Cutting

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

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Boeing, in Need of Cash, Looking to Raise Up to Approximately $19B in Offering

Boeing, in Need of Cash, Looking to Raise Up to Approximately $19B in Offering

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

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Apple Launches the iphone Into the Ai Era With Free Software Update

Apple Launches the iphone Into the Ai Era With Free Software Update

Apple has released a free software update that will inject its first dose of artificial intelligence into its iPhone 16 line-up as the trendsetting company tries to catch up with technology’s latest craze. The upgrade to the iOS 18 operating system came out Monday, more than a month after four iPhone 16 models equipped with

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Israel’s First Open Attack on Iran Targets Missile Sites and Apparently Spares Oil and Nuclear Ones

Israel’s First Open Attack on Iran Targets Missile Sites and Apparently Spares Oil and Nuclear Ones

TEL AVIV, Israel (AP) — Israel has attacked Iran with pre-dawn airstrikes in retaliation for the barrage of ballistic missiles the Islamic Republic fired on Israel earlier this month. It’s the first time Israel’s military has openly attacked Iran. Crucially, there is no indication that Iran’s oil or nuclear sites were struck. Iran insists the

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American Airlines Tests Boarding Technology That Audibly Shames Line Cutters

American Airlines Tests Boarding Technology That Audibly Shames Line Cutters

NEW YORK (AP) — American Airlines is testing a new technology at three airports across the country during the boarding process that aims to cut down on passengers who try to jump the line. The technology, which is being tested at Albuquerque International  Sunport Airport in New Mexico, Tucson International Airport in Arizona, and Ronald

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At Least 75 People Are Sickened as the Deadly McDonald’s E. Coli Outbreak Expands

At Least 75 People Are Sickened as the Deadly McDonald’s E. Coli Outbreak Expands

A food poisoning outbreak tied to McDonald’s Quarter Pounders has expanded, with at least 75 people sickened in 13 states. The Centers for Disease Control and Prevention said Friday that at least 22 people have been hospitalized. One person in Colorado died. No source of the E. coli outbreak has been identified, but officials are

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