Stellantis struggles, Boeing bungles, and AMD chases Nvidia: Business news roundup
Semiconductor maker Advanced Micro Devices (AMD) will acquire cloud computing solutions firm ZT Systems for $4.9 billion, in a move that will help it compete against artificial intelligence chip rivals like Nvidia.
This summer, gas prices are lower than they have been in the past. In some places though, some gas stations have a “I know what I have” attitude, resulting in some seriously high prices. One desert gas station is like this, and it doubles down on the pricing with a disclaimer for customers.
The Federal Aviation Administration has three categories for America’s so-called “hub” airports, or the ones that see the most passenger traffic. There are the small hubs that get 0.05 to 0.25% each of all commercial enplanements. There are the medium hubs that 0.25 to 1% each of all commercial enplanements. And then there are the large hubs that get 1% or more all commercial enplanements apiece. One might think that these large hubs, which saw more than 10 million passengers each last year, would have a hard time getting busier year-over-year. But that’s not the case, with many of them seeing double-digit growth.
It’s been a very busy summer for food recalls in the U.S., ranging from summer classics like ice cream and hot dogs to fresh produce. Fortunately, only a recall of seven million pounds of deli meat has been linked to any deaths — three so far. Past recalls from around the world of cheese, meat, cantaloupe, and more have been far more deadly and underscore the critical importance of proper sanitation throughout every stage of food production and distribution.
How will Disney replace Bob Iger? A Morgan Stanley exec is leading the search for a replacement
Current Disney CEO Bob Iger is set to step down from his role — for the second time — in 2026.
How Starbucks can succeed, according to a former Amazon exec
John Rossman, who played a pivotal role in leading the launch of Amazon’s Marketplace, says Starbucks should ask itself ‘What Sucks?’
