The US Navy’s plan to repair its public shipyards is expected to cost billions more and take decades longer than originally planned, according to a new government watchdog report. The Shipyard Infrastructure Optimization Program is intended to fix poor conditions at the Navy’s four public shipyards, which maintain the fleet’s nuclear-powered submarines and aircraft carriers.
Not being able to invest in OpenAI may have worked out perfectly for Salesforce. On an episode of the Sources Podcast published Tuesday, Marc Benioff told host Alex Heath that he originally wanted Salesforce to invest in OpenAI. Instead, the company backed its rival Anthropic, a decision the Salesforce CEO now thinks could be worth
The US Federal Trade Commission (FTC) and a bipartisan group of 22 states has filed a lawsuit alleging Amazon secretly overcharged more than a million advertising customers by manipulating online auctions it uses to set ad prices. The FTC and states say in their lawsuit filed Monday that the alleged scheme has likely netted the
Some of America’s biggest companies are receiving hundreds of millions of dollars in tariff refunds, or booking even larger financial benefits. However, many consumers are wondering if those refunds will find their way back into their wallets. After the Supreme Court ruled that the International Emergency Economic Powers Act did not give the president authority
Washington and Tokyo’s unprecedented step to bolster the yen already appears to be unraveling. On July 30, Japan’s finance ministry reportedly sold as much as $59 billion to buy the Japanese currency, then at 40-year-lows. Tokyo and Washington later confirmed they had acted together to bolster a weak yen. It was the first time they
Cost and scheduling challenges have pushed the US Air Force’s B-52 Stratofortress modernization program billions over budget, according to a new report. The aging B-52 has long been a workhorse of the Air Force, which is replacing the bomber’s decades-old engines to keep the aircraft flying into the 2050s. But the upgrades have run into
