Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity, equity and inclusion goals as incentives for executive compensation after previously focusing solely on safety and quality controls.“Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That is actually happening,” Musk said on X on Wednesday.The billionaire, whose comments followed a nearly-catastrophic Alaska Airlines flight that suffered a fuselage pane ...

Top Microsoft executives have reportedly debated whether to shutter a controversial artificial intelligence lab in Beijing – as the company’s cozy ties with China raise alarm bells on Capitol Hill.As The Post reported last month, prominent US lawmakers warned Microsoft that its ongoing work in China poses a potential national security risk after company president Brad Smith touted increased tech collaboration during a low-key visit to the Communist country.Sen. Josh Hawley (R-Mo.) asserted that Congress “s ...

JPMorgan boss Jamie Dimon warned that a so-called “Goldilocks” economy — with growth that’s not too hot or too cold — may not save the US from a recession as the government faces a “huge deficit”. “I’m a little skeptical on this Goldilocks scenario. I still think the chances of it not being a soft landing are higher than other people,” Dimon told Fox Business from San Francisco, where JPMorgan is hosting its 42nd Annual Healthcare Conference from Jan. 8 to 11.Dimon warned about a slew of issues that could ...

Boeing’s CEO Dave Calhoun fought back tears while “acknowledging our mistake” that caused the terrifying mid-air door plug blowout during an Alaska Airlines flight.“We’re going to approach this. … We’re going to approach it with 100% and complete transparency every step of the way,” Calhoun said to employees during a meeting at Boeing’s 737 aircraft factory near Seattle on Tuesday, according to Bloomberg.An emotional Calhoun made the remarks during an all-hands meeting he called to reinforce safety followi ...

Americans are about to get a staple burger from the Australian McDonald’s menu – and it’s fair to say, they’re losing their minds.The burger giant just announced the Double Big Mac would be sold for a limited time across its US stores from January 24.Australians are no stranger to the hectic burger, which features four beef patties and lashings of the brand’s signature Big Mac sauce, as it has been a permanent item on our menus since March 2020.Now fast-food fanatics in the Northern Hemisphere can get thei ...

BlackRock, the world’s largest asset manager, said Tuesday it will cut about 3% of its workforce, though it expects to have a larger headcount by the end of 2024.The job cuts would amount to roughly 600 positions based on BlackRock’s workforce of 19,800 at the end of December 2022, the last time its employee numbers were updated. No single team will be the focus of the cuts, according to a source at the firm.Shares of the asset manager are up about 5% over the last 12 months, well behind the roughly 22% ga ...

A veteran Activision Blizzard executive claims the “Call of Duty” maker canned him because it had “too many old white guys,” according to a lawsuit.James Reid Venable, 57, filed an age discrimination lawsuit in Los Angeles Superior Court last week against the company, which finalized a $69 billion merger with Microsoft last October.The lawsuit cites alleged comments made by Activision Blizzard CEO Bobby Kotick at a leadership conference that the “problem” with the company was that “there are too many old w ...

Meta Platforms said Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect children from harmful content on its apps.All teens will now be placed into the most restrictive content control settings on the apps and additional search terms will be limited on Instagram, Meta said in a blogpost.The move will make it more difficult for teens to come across sensitive content such as suicide, self-harm and eating disorder ...

Netflix (NFLX.O) has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was hindering its growth.A Texas-based investment trust sued in May 2022, after Netflix shares lost a third of their value when the company said subscribers were decreasing for the first time in a decade. The lawsuit sought damages on behalf of investors who bought Netflix shares between January 2021 and April 2022.U.S. ...

Barclays slashed its workforce by around 5,000 jobs in 2023 as part of a major cost-cutting drive announced last year, the bank said Monday.The majority of the cuts fell in Barclays Execution Services, the bank’s support unit, the lender said, confirming for the first time Reuters reporting from last November that the lender was eyeing thousands of cuts in that division.“Barclays removed approximately 5,000 headcount globally through 2023 as part of its ongoing efficiency program designed to simplify and re ...