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In Remote Work Era, Hotel Operators Make a Bet on Longer Stays

Extended-stay hotels, which are cheaper to build and operate than their full-service counterparts, are also appealing to work crews on road, green energy and other infrastructure projects.  » mehr lesen

PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year.  » mehr lesen

Microsoft Revenue Up 8% to $56.2 Billion in Latest Quarter

The company’s profit topped $20 billion as it pointed to strong interest in its artificial intelligence products.  » mehr lesen

Alphabet Steams Past Lingering Ad Worries, Fueled by Google’s Search Engine

Despite concerns of a shaky ad market and growing competition in A.I., Google said it was aided by accelerating revenue from its search engine and the video platform YouTube in the second...

Snap’s Sales Fall for the Second Time in a Row

The parent of Snapchat has grappled with an ad slump and the challenges of being a smaller social media company in an intensely competitive environment.  » mehr lesen

G.M.’s Electric Vehicle Rollout Delayed by Slow Battery Production

The company is earning big profits on gasoline cars and trucks but is struggling to catch up to Tesla in the fastest-growing segment of the auto market.  » mehr lesen

UPS and Teamsters Reach Tentative Deal to Head Off Strike

United Parcel Service faced a potential walkout by more than 325,000 union members after their five-year contract expires next week.  » mehr lesen

TikTok Introduces Text-Only Posts

The social media app known for its short-form videos will now allow users to create posts that contain only words, competing with Threads and Twitter.  » mehr lesen

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