US Business

Boeing said it would cut production of commercial jets even further and continue to shrink its workforce as the pandemic deepens its toll on aviation.

Lawmakers raised concerns about the market dominance of Amazon, Apple, Facebook and Google at a hearing with the four CEOs. The testimonies come as the companies face investigation by antitrust authorities in the U.S. and elsewhere while also experiencing sky-high valuations.

GE posted a roughly $2 billion quarterly loss as revenue tumbled 24%, hurt by a steep decline in a jet-engine business that has been hobbled by the coronavirus pandemic. The aviation business, once a profit engine, swung to a loss as orders plunged.

Amazon, Apple, Facebook and Google will come under the glare of a national spotlight, as their CEOs face questions from members of Congress aiming to rein in what they believe is excessive power in the hands of a few giant companies.

Movies will play in theaters for much less time before moving to home video under a new agreement between theater chain AMC and Universal Pictures, upending the way Hollywood has done business for decades.

Advanced Micro Devices reported higher second-quarter earnings and lifted its full-year sales forecast, driven by growing demand for a new generation of high-performing processors.

Tech companies and medical researchers are studying whether smartwatches and smart rings with sensors that continuously gather your temperature, heart rate and blood oxygen could give us early Covid-19 personal warning systems.

Facebook’s Instagram has offered financial incentives to TikTok users with millions of followers to persuade them to use a new competing service, an escalation in a high-stakes showdown between the two social-media giants.

Nike said it is replacing its chief diversity officer, adding a Black woman to its leadership team at a time that the sneaker giant and other brands are promising to improve diversity and speaking out on social issues.

Sinclair, one of the largest broadcast television station owners in the country, said it would pull an interview about the alleged origins of the coronavirus pandemic that has caused widespread controversy.