US Business

Saks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion.

The transition to cleaner energy sources isn’t far enough along to meet a surge in demand, forcing countries to rely on fossil fuels.

AI has only minimal success in removing hate speech, violent images and other problem content, according to internal company reports. It can’t consistently identify first-person shooting videos, racist rants or gruesome car crashes.

Salespeople who once spent days walking dealership lots offering test drives now scout for online leads and explain the chip shortage to frustrated customers.

New York City, Los Angeles and Chicago were below the national level in September while rural areas grappled with increases in gasoline and vehicle prices.

More than a dozen central banks have raised interest rates but two that haven’t are those that loom largest over the global economy: the Federal Reserve and the European Central Bank.

The state is contending with the coming loss of gas-fired power plants and its last remaining nuclear facility in a planned transition to renewable energy.

The indictment of a former technical pilot is first time an individual has faced charges related to the accidents. The company previously reached a $2.5 billion settlement with the government.

Startup creators once tended to take little or no remuneration as CEOs. Now, some are getting giant stock awards, making them among America’s best-compensated corporate chiefs.

Freight bellwether J.B. Hunt Transport Services expects bottlenecks at West Coast ports to intensify heading into the holidays, with congestion continuing to snarl labor-strapped logistics networks.