Google parent Alphabet Inc. on Monday became the fourth Big Tech powerhouse to be valued at $4 trillion, a once seemingly unfathomable milestone that’s become more like a rite of passage amid an artificial intelligence arms race.
LAS VEGAS (AP) – Allegiant Air said it will acquire Sun Country Airlines in a cash-and-stock deal valued at about $1.5 billion, including debt, in a move combining two low-cost U.S. carriers focused on leisure travel.
NEW YORK (AP) – Stocks of credit card companies are dropping Monday after President Donald Trump threatened moves that could eat into their profits. The rest of Wall Street, meanwhile, is showing only modest signs of concern after tensions ramped to a much higher degree between the White House and the Federal Reserve.
Excerpts from recent editorials in the United States and abroad:
Apple will rely on Google to help finish its efforts to smarten up its virtual assistant Siri and bring other artificial intelligence features to the iPhone as the trendsetting company plays catch up in technology’s latest craze.
NEW YORK (AP) – Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman. Powell McCormick previously served on Meta’s board of directors – where, the company notes, she was “deeply engaged” in accelerating its artificial intelligence push across platforms.
WASHINGTON (AP) – The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wants to bring under his sway. The backlash reflected the bigger stakes of a contest about the fate of the Fed’s independence.
A federal judge ruled Monday that work on a major offshore wind farm for Rhode Island and Connecticut can resume, handing the industry at least a temporary victory as President Donald Trump seeks to shut it down.
HONG KONG (AP) – China and the European Union said Monday they have agreed on steps toward resolving their dispute over the bloc’s imports of Chinese-made electric vehicles. A “guidance document” released by the EU on Monday gives instructions for Chinese EV manufacturers on making price offers for battery EVs, including minimum import prices and other details.
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