Airbnb on Tuesday reported its first annual profit, with revenue surging in the final three months of 2022 as travel bookings rebounded.. The home-rental platform said it made a profit of $319 million in the final quarter of last year on revenue of nearly $2 billion.
A pill that vibrates to relieve constipation, a sensor that can be tracked in the gut -- medical researchers are turning to tiny robots to treat or diagnose gastrointestinal disorders.. The device, 20 millimeters in length and eight mm in diameter, could help physicians diagnose gastrointestinal motility disorders that prevent food from moving normally through the digestive tract.
US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation.. Brainard was previously viewed as a potential pick for Biden's Treasury secretary, though she was passed over in favor of Yellen, a former Fed chair and the first woman to serve in that role.
A top competition enforcer for US President Joe Biden was accused Tuesday of abusing her power and bias against big tech as the last remaining Republican resigned from the Federal Trade Commission. . "Much ink has been spilled about Lina Khan’s attempts to remake federal antitrust law as chairman of the Federal Trade Commission," Wilson wrote in an opinion announcing her resignation in the Wall Street Journal.
A group of workers at Tesla's Buffalo, New York plant announced a campaign Tuesday to form the first union at Elon Musk's electric car company.. In 2021, the National Labor Relations Board concluded that the electric car company had illegally fired a worker for organizing at Tesla's California plant and that Musk had illegally threatened workers with loss of stock options if they unionized.
Hip-hop artist Pharrell Williams is in talks to take over as head of menswear for Louis Vuitton, media reports said on Tuesday. . Williams, who came to fame in the 1990s as part of hip-hop group The Neptunes, was not often mentioned in the rumours around the succession, but would fit perfectly with the label's recent moves to attract a younger streetwear-focused audience.
Air India will purchase 470 planes from Airbus and Boeing under an historic pair of mega agreements announced Tuesday, transforming the former national carrier as it prepares for torrid growth. . "Today is a historic moment for India, for Air India and for Airbus," said Airbus chief executive Guillaume Faury, saying the size of the order "demonstrates the appetite for growth in the Indian aviation industry".
One of India's biggest and oldest conglomerates is returning to its roots with a multi-billion-dollar bet on the country's growing middle class and its demand for air travel.. India is the world's fastest-growing major economy and its fifth-largest, and while inequality is rife with vast numbers of people remaining grindingly poor, it also has a growing middle class with an increasing appetite for air travel.
French President Emmanuel Macron received a boost Tuesday with official figures showing unemployment fell to a 15-year low, as he seeks to push through a widely contested pension reform.. "Unemployment is at its lowest level for the second time in 40 years," the president wrote on Twitter.
Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, with the slight easing signaling that policymakers' battle is not over.. But even as the consumer price index (CPI), an important inflation gauge, eases from last year's decades-high levels, the numbers point to some stickier areas.
