General Motors’ second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.

Blue shirts and big screens.

Airbus and Boeing have competed neck and neck for five decades in one of the world’s great commercial rivalries. But, as the contest resumes in earnest in the wake of the pandemic, the old order has changed. Airbus now has a wide lead in the single-aisle market — the hottest area of aviation — leaving Boeing to grapple with how to bridge the gap.

When Amazon launched Amazon Care to its employees in 2019, the goal was to test the product before rolling it out nationwide. After that rollout happened earlier this year, Amazon CEO Andy Jassy told Insider that the expansion would "fundamentally" change the health care game by dramatically enhancing the medical-care process. He predicted that patients in the future would be so used to telehealth and other new conveniences that they'll think that things like long wait times and delays between in-person visits commonly experienced today are actually "insane."

Aribnb is changing its policy to further penalise hosts who cancel on guests for preventable reasons such as double-booking.

Lyft launched a rental car service in a few locations in 2019.

Ford is reportedly planning to cut up to 8,000 jobs over the coming weeks in an effort to fund its plans to build EVs, according to Bloomberg. The layoffs would occur at its Ford Blue unit, recently created to develop vehicles with internal combustion engines (ICE), and would affect other salaried positions in the company. The bulk of cuts are expected to occur in the US.

Bobbie Racette was once the hesitant face of Virtual Gurus, the Canadian tech company she started, but she has since embraced her identity.

VR company MetaX — which goes by Meta in its branding — says confusion caused by Facebook's metaverse rebrand has already damaged its business.

Apple will pay $50m (£41.6m) over claims its laptop keyboards were unresponsive and unreliable.

After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown. It lost almost a million subscribers between April and July as more people decided to quit the service. The streaming giant has now lost members for two quarters in a row, but the drop was smaller than it feared.

Some TikTok employees have already lost their jobs, while others are told to prepare for a meeting with the HR department as part of the video platform's global restructuring efforts, Wired reports. According to the publication, European employees were warned that their jobs were at risk and to expect an HR meeting in the coming weeks.

Uber is settling a Justice Department lawsuit accusing the company of overcharging riders with disabilities. The ridesharing company has agreed to pay at least $2.2 million to passengers who were charged wait time fees despite disabilities that required more time to enter a vehicle. The payout includes nearly $1.74 million for over 1,000 riders who complained about the fees and $500,000 for “other harmed individuals.” Uber will also offer credits to more than 65,000 people who've obtained waivers for wait time fees, all of whom will receive double the wait time fees they were charged.

A new report from Business Insider Poland paints a grim picture for CD Projekt: the company’s value has cratered by over 75% since just before the launch of Cyberpunk 2077. A business that once boasted a market capitalisation of over 40 billion Polish złoty—briefly becoming the most valuable games company in Europe—is now worth less than zł10 billion.

Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report its second-quarter earnings on Tuesday, and it’s shaping up to be one of the most consequential moments in the 25-year history of the company.

The acquisition is expected to complete in October.

Unity, the company behind the multiplatform game engine of the same name, announced it has entered into an agreement to merge with IronSource(opens in new tab). "If you don't know ironSource," Unity's statement reads, "they bring a proven record of helping creators focus on what creators do best – bringing great apps and user experiences to life – while enabling business expansion in the app economy."

Panasonic announced on Wednesday that it's inked a $4 billion investment deal with the state of Kansas to build and operate the world's largest battery cell production facility. The company has already identified a site near the city of De Soto, at a former ammunition factory.

Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike.

Lyft Inc., Uber Technologies Inc., and DoorDash Inc.‘s pledges to cover employees’ abortion travel stops short of including the thousands of drivers, shoppers, and delivery staff who make up the majority of their workforce.