The Maui fires were caused by bare, uninsulated power lines and deteriorating wooden power poles that did not meet safety standards, leaving the infrastructure compromised and vulnerable to high winds and sparking, according to videos and images analyzed by The Associated Press.
Danish wind energy company Orsted is warning of potential impairments of $2.33 billion on its U.S. operations due to supplier delays, insufficient subsidies, and higher interest rates.
Kroger, one of the largest supermarket chains in the US, has agreed to pay over $1 billion to settle lawsuits accusing it of failing to monitor suspicious orders of addictive pain pills that contributed to the opioid crisis, with the funds to be used for initiatives to combat the crisis.
Thousands of Cash App and Square customers faced system outages, preventing them from accessing their accounts or sending money.
U.S. home prices have increased for five consecutive months and are just below their all-time high from a year ago, with the recovery in home prices being broadly based across all 20 major metro housing markets.
The Canadian dollar strengthened against the US dollar as stronger-than-expected jobs data raised the possibility of another interest rate hike by the Bank of Canada.
New York City's new law on short-term rentals, which requires hosts to register and limits the number of guests, is seen by Airbnb as a de facto ban that will significantly impact the tourism economy and accommodation options for visitors.
Carbon offset projects that claim to reduce deforestation are significantly overestimating their impact, with the vast majority of projects not actually slowing deforestation and those that do being less effective than they claim, according to a study published in Science.
OpenAI, the AI startup behind the popular chatbot ChatGPT, is projected to generate over $1 billion in annual revenue, surpassing previous expectations, largely driven by the success of its AI chatbot that has gained 100 million users.
OpenAI CEO Sam Altman criticizes the lack of scientific breakthroughs from Silicon Valley companies and attributes it to a lack of research freedom and an obsession with quick profits.
Stellantis has offered its hourly workers represented by the United Auto Workers (UAW) significant wage increases in an attempt to avoid a costly strike, with the offer including a 14.5% wage increase over four years and a 27% boost for newer employees, while negotiations continue before the current contracts expire on Thursday.
The opioid overdose antidote Narcan will be available over the counter, increasing access to the medication to combat the rising number of overdose deaths, but the high cost of $44.99 may limit affordability for some individuals.
The U.S. Department of Commerce is investigating Huawei's new Mate 60 Pro phone, which features an advanced 7-nanometer processor made by SMIC, China's top chipmaker, and has the potential to rival Apple's iPhone, raising questions about the effectiveness of U.S. export controls on Huawei.
Virgin Galactic successfully completes its Galactic 03 mission, marking its third commercial spaceflight.
Maui County has filed a lawsuit against Hawaiian Electric Company, alleging negligence and seeking damages for the deadly wildfires that caused an estimated $5.5 billion in damages.
The Southern Nevada Health District is investigating cases of Legionnaires' disease among guests of two Las Vegas hotels, Caesars Palace and The Orleans Hotel & Casino, after two guests at Caesars Palace and one guest at The Orleans were diagnosed with the illness; Legionnaires' disease is a serious type of pneumonia caused by Legionella bacteria that is typically contracted by inhaling droplets containing the bacteria from contaminated water sources.
Eleven people were hospitalized after a Delta Air Lines flight encountered severe turbulence on approach to Atlanta, with both crewmembers and passengers among the injured.
Gas prices in Minnesota are expected to rise by 50 cents to $1 over the next few days due to a refinery outage which may cause a shortage in gasoline supply.
The IRS is targeting 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes using AI tools and increased funding, signaling a crackdown on wealthy tax evaders.
Burger King must defend against a lawsuit accusing the fast-food chain of misleading customers by presenting the Whopper sandwich as larger than it actually is, according to a ruling by US District Judge Roy Altman in Miami.
Workers at Chevron's liquified natural gas facilities in Australia have gone on strike, putting as much as 7% of global supplies at risk and potentially increasing pressure on energy prices.
Asia experienced the largest decline in its ultra-high-net-worth population in 2022, with a 10.9% drop attributed to factors such as China's Covid lockdown and the war in Ukraine, while India was the only country to see a rise in its ultra wealthy individuals, according to a report by data firm Altrata.
A federal appeals court has ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust (GBTC) into an ETF, potentially opening the door for a spot bitcoin ETF in the U.S.
The Federal Aviation Administration (FAA) has determined that SpaceX must address 63 corrective actions before it can conduct another test flight of its Starship Super Heavy rocket following the mid-flight explosion in April 2023.
Flexport CEO Ryan Petersen announced on social media that the company is rescinding dozens of job offers, expressing confusion over the hiring of new employees despite a hiring freeze.
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T-Mobile US plans to cut 5,000 jobs, or approximately 7% of its workforce, in an effort to reduce costs amid intense competition and rising expenses associated with acquiring new subscribers.
The Walt Disney Company's stock price hits a nine-year low, closing at $82.47 per share, due to various factors including the impact of COVID-19 and disappointing third-quarter results, with Disney+ subscriber numbers falling short of forecasts.
India is reportedly considering a policy to reduce import taxes for automakers, including Tesla, that are willing to produce vehicles in the country.
Shares of HP dropped 7% after the company reported a fiscal third-quarter revenue miss, with quarterly revenue of $13.20 billion falling short of estimates.
California residents can now download the state's new DMV wallet application to turn their physical driver's license into a mobile driver's license, or "mDL," which can be used for TSA PreCheck at airports and age verification for purchasing age-restricted products.
CPAP sleep apnea machine maker Philips Respironics has agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam used in their devices.
Circle K rewards members can get up to 55 cents off per gallon of fuel on Thursday afternoon as part of their new Inner Circle program.
Payment services Square and Cash App, owned by Block Inc., experienced outages but have since resolved the issues and restored services to users.
Several popular websites, including Amazon, Quora, and The New York Times, have blocked GPTBot, the new web crawler introduced by OpenAI, indicating their reluctance to allow OpenAI to scrape their data without compensation or proper citation.
Salesforce CEO Marc Benioff has warned that this year's "Dreamforce" conference in San Francisco could be the last due to the city's issues with homelessness and drug use.
The popularity of OpenAI's ChatGPT has declined for the third consecutive month, with website visits dropping and user engagement decreasing, potentially due to the summer break affecting student usage, according to data from Similarweb.
The founder of failed crypto exchange Thodex, Faruk Fatih Ozer, has been sentenced to 11,196 years in prison by a Turkish court along with his two siblings, after being found guilty of fraud and other charges.
American Airlines flight attendants have voted in favor of a strike with 99.47% support, as the Association of Professional Flight Attendants continues to push back against corporate greed.
Oreo's popular Red Velvet flavor is making a comeback after a three-year absence, with the iconic red-colored cookie base and cream cheese-flavored creme filling returning to stores on Sept. 12 for a limited time.
The Federal Trade Commission ruled against Intuit, the maker of TurboTax, stating that the company deceived consumers with misleading ads for "free" tax products.
The European Union's Digital Services Act (DSA) could force major tech platforms like Meta, TikTok, Google, Apple, and Amazon to choose between heavy fines and disrupting their core business models, as they are required to provide transparency and accountability, making it easier for users to opt out of recommendation systems and banning repeat offenders. However, platforms are not adequately prepared to comply with the DSA, raising questions about the effectiveness of enforcement.
U.S. Steel is reviewing multiple buyout offers after rejecting a $7.3 billion proposal from Cleveland-Cliffs and receiving a $7.8 billion bid from Esmark, with soaring prices driving consolidation in the steel industry.
Arm Holdings, owned by Softbank, has received investor demand that is six times the amount it is seeking in its $5 billion stock market debut, making it more likely to reach its targeted price range of $47 to $51 per share.