Bombardier to end Learjet production, cut 1,600 jobs
Canada’s Bombardier announced Thursday that it will stop production of the Learjet later this year to focus on more profitable planes. The iconic jet was among the first private luxury planes.
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Autoworkers will face uncertain future in era of electric cars
For workers at GM and other automakers, the future could be perilous. The more environmentally focused plants of the future will need significantly fewer workers, mainly because electric vehicles contain 30% to 40% fewer moving parts than petroleum-run vehicles.
U.S. unemployment claims tick down slightly
Thursday’s government report showed a sizable rise in the total number of Americans who are receiving jobless aid, including through extended benefit programs—a sign that long-term unemployment may be growing.
United: Small electric air taxis will zip people to airports
United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport.
Biden backs off on TikTok ban in review of Trump China moves
Separately, the Biden administration has “indefinitely” shelved a proposed U.S. takeover of TikTok, according to a Wall Street Journal report.
Dow hits another record in up-and-down day of trading
Treasury yields fell after a government report showed that inflation remained tame last month. That’s encouraging for investors because it suggests the U.S. economy will be able to receive more stimulus without overheating.
Michelle Obama to team up with puppets for a kids’ food show
The new show, called “Waffles + Mochi,” launches March 16 and will be “all about good food: discovering it, cooking it, and of course, eating it,” the former first lady posted on Instagram on Tuesday. The 20-minute episodes will combine live action and puppets, and Obama will be a series regular.
Survey: Third of U.S. adults skeptical of COVID-19 vaccinations
Of those who said they definitely will not get the vaccine, 65% cited worries about side effects, despite the shots’ safety record over the past months. About the same percentage said they don’t trust COVID-19 vaccines.
Powell stresses commitment to full employment, low rates
Federal Reserve Chairman Jerome Powell on Wednesday underscored the Fed’s commitment to reducing unemployment to multi-decade lows, while signaling little concern about the risk of potentially high inflation or financial market instability.
U.S. consumer prices up 0.3% in January, led by energy spike
Energy costs jumped 3.5%, led by a 7.4% surge in gasoline. Even with the spike, gasoline prices are 8.7% below where they were a year ago.
Dems attempt to push through school funding, wage increase
Democrats hope to rush the bill to Biden for his signature by mid-March, using a special budget-related process allowing certain legislation to be approved by a simple majority.
Salesforce won’t force workers to go into office post-COVID
Salesforce said its work-from-anywhere plan offers the company better ways to broaden its workforce to new geographies and new communities beyond “traditional city centers.”
Indiana lawmakers take next step to require FAFSA submission
A bill that would require students at public schools to complete the Free Application for Federal Student Aid advanced to the Indiana House after lawmakers approved the measure in a Senate vote Tuesday.
Big Ten confirms tourney move from Chicago to Indianapolis
The Big Ten is returning to a city that has hosted 11 of the previous 23 men’s tournaments and 23 of the league’s 26 women’s tournaments.
Bezos, Bloomberg among top 50 U.S. charity donors for 2020
Sixteen donors in this year’s list—nearly a third of the Philanthropy 50—made their fortunes in technology, and 20 of them live in California.
Election of Democratic chair portends change at struggling post office
A former labor leader and Obama administration official was elected Tuesday to serve as chair of the U.S. Postal Service Board of Governors, marking the first step in a potential shakeup under President Joe Biden.
Biden treads carefully around Trump’s combative trade policy
In his first weeks in office, President Joe Biden has wasted no time in dumping a batch of major Trump administration policies, but his administration seems intent on approaching trade with caution and deliberation.
WHO team: Coronavirus unlikely to have leaked from China lab
The coronavirus most likely first appeared in humans after jumping from an animal, a team of international and Chinese scientists looking for the origins of COVID-19 said Tuesday.
Tesla buys $1.5B in Bitcoin, will accept as payment soon
Tesla is in a unique position to accept digital currencies for payment, since the automaker does not rely on a network of independently owned dealerships to sell its vehicles unlike traditional car companies such as General Motors and Ford.
Buttigieg to quarantine after security agent gets COVID-19
Transportation Secretary Pete Buttigieg said late Monday he was feeling fine with no symptoms and that the agent had no signs of COVID-19 other than testing positive for the virus.