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Apple gears up to launch its first new Mac Mini in two years

Business / Business News /

Apple Inc. is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter.

The new desktop will debut as soon as the coming days, potentially putting the unveiling ahead of a September event to introduce the next iPhones, said the people, who asked not ...Read more

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How LA stopped being Hollywood's leading star

Business / Business News /

It was a television show tailor-made for Los Angeles: a highly anticipated Netflix crime drama about a team of ex-special forces operators who outsource their skills to criminals in the city.

The production was backed by a prominent indie studio and had a critically acclaimed lead actor attached. And with a budget of more than $100 million and ...Read more

Rob Nikolewski/The San Diego Union-Tribune/TNS

More fallout from California's tire regulation

Business / Business News /

Executives with Dunlop and Falken tires on Monday critiqued a first-of-its-kind standard the California Energy Commission adopted last week for replacement tires on passenger vehicles and light-duty trucks that goes into effect across the state in three years.

While the companies said they will work with the state, an official for the two ...Read more

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Zillow settles with FTC, eliminates key part of $100M deal with Redfin

Business / Business News /

Zillow settled with the Federal Trade Commission just hours before trial on Monday, agreeing to unwind part of a controversial deal with Redfin.

The FTC sued the two Seattle-based companies months after they struck a $100 million deal last February requiring Redfin to exclusively repost apartment listings provided by Zillow, transition its ...Read more

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Carney says US wants to destroy Canada firms, examines retaliation moves

Business / Business News /

Prime Minister Mark Carney said his government is still working on options for retaliating against U.S. President Donald Trump’s new tariffs on Canadian goods, but added that he’s willing to continue trade talks if the U.S. adopts the “right attitude.”

The discussions with U.S. negotiators revealed that Trump wants to destroy Canada’...Read more

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Lutnick's intervention in Canada talks draws praise and blame

Business / Business News /

U.S.-Canada trade talks collapsed after last-minute pressure from Commerce Secretary Howard Lutnick, according to people familiar with the matter, leaving President Donald Trump to impose new tariffs and Canadian Prime Minister Mark Carney vowing retaliation.

With the countries spiraling into a full-blown trade war, the spotlight is on Lutnick�...Read more

Jason Armond/Los Angeles Times/TNS

California bill targets abandoned funds. When can state seize your forgotten stocks?

Business / Business News /

SACRAMENTO, California — Proposed legislation to streamline California's ability to seize abandoned stocks and mutual funds is drawing opposition from business groups and dividing Democratic lawmakers.

State Controller Malia Cohen sponsored Assembly Bill 1447, which seeks to define the process for California to take custody of securities when...Read more

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Canada may cut US power exports as Trump reignites trade war

Business / Business News /

Canada may cut off or raise the price of power exports to the U.S. to retaliate against President Trump’s new tariff war, a move that would further raise prices for beleaguered American consumers especially in northern border states like New York.

After Canadian Prime Minister Mark Carney vowed to hit back with “dollar for dollar” ...Read more

Al Seib/Los Angeles Times/TNS

Prominent Latino group blasts Paramount-Warner merger

Business / Business News /

A prominent Latino group is raising fresh concerns about Paramount Skydance's proposed acquisition of Warner Bros. Discovery, saying the blockbuster deal would crush Latino workers and small businesses that support Hollywood.

In an open letter to California Attorney General Rob Bonta, the League of United Latin American Citizens has urged the ...Read more

Dreamstime/Dreamstime/TNS

Want a lower credit card interest rate? Just ask

Business / Business News /

If you have a credit card, you have a relationship with your card issuer. Your card issuer values that relationship and wants to keep it. There are many types of offers your issuer can make to ensure you stay (and don’t default on your debt), but it won’t advertise them — since they don’t exactly make the banks more money. It’s like a ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Teachers union boycotts Target, says company was silent on ICE surge

Business / Business News /

A national coalition made up of millions of teachers, school staff and other union members has launched a boycott against Target in protest of the retailer’s decision not to publicly denounce the surge of immigration enforcement officers in the Twin Cities earlier this year.

The American Federation of Teachers (AFT), in coordination with the ...Read more

Brian van der Brug/Los Angeles Times/TNS

California cancels mediation session for the Paramount-Warner Bros. Discovery deal

Business / Business News /

LOS ANGELES — California Attorney General Rob Bonta abruptly pulled out of a planned mediation session Monday to seek a resolution to the antitrust lawsuit that has stalled Paramount Skydance’s blockbuster $111-billion merger with Warner Bros. Discovery.

Bonta, in a statement, accused Paramount of leaking and misrepresenting information the...Read more

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Trump says tariffs on cars, trucks to hit 50% amid Canada trade spat

Business / Business News /

WASHINGTON — U.S. tariffs on all cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, President Donald Trump said in a social media post on Aug. 24 after trade talks with Canada collapsed.

"Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer!" Trump wrote.

"On ...Read more

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Mark Zuckerberg buys an Irish castle

Business / Business News /

Meta Chief Executive Mark Zuckerberg's latest home purchase appears fit for a billionaire who runs the world's largest social media empire.

Zuckerberg, who is married to Dr. Priscilla Chan and has three children, bought the Strancally Castle in Waterford, Ireland, a spokesman for the tech executive confirmed Friday.

"Mark and his family look ...Read more

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US tariffs on Canada go into effect, prompting retaliation

Business / Business News /

WASHINGTON — U.S.-Canada trade talks fell apart at the last minute, with fresh 50% tariffs on billions of dollars of Canadian goods taking effect and prompting Prime Minister Mark Carney to vow to retaliate “dollar for dollar.”

The tariffs will kick in on hundreds of items the U..S buys from Canada, such as plywood, liquor, electrical ...Read more

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Boeing workers reject contract offer at crucial moment for company

Business / Business News /

Boeing’s engineering and technicians union voted Friday to reject the company’s contract offer and authorize its negotiating team to call for a strike.

Boeing, in response, said it was moving forward with a contingency plan meant to ensure it can keep up with aircraft deliveries and other commitments to customers if its professional ...Read more

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Kalshi pushes back against order to halt most WA operations

Business / Business News /

Online prediction market Kalshi is pushing back against a King County judge’s recent mandate to halt the majority of its operations statewide.

It’s the latest development in the ongoing clash between New York City-based Kalshi and Washington officials.

Kalshi, a platform that lets users buy and sell contracts based on event outcomes, filed...Read more

Dreamstime/Dreamstime/TNS

TikTok to pay $400 million to settle DOJ child privacy case

Business / Business News /

TikTok Inc. and Chinese parent ByteDance Ltd. agreed to pay $400 million to resolve a a Biden-era lawsuit by the Justice Department accusing the popular social media app of collecting data on children in violation of an online privacy law.

The settlement comes several months after ByteDance closed a long-awaited deal to transfer parts of its U....Read more

Alyssa Tisch/The Detroit News/TNS

Ford plans could include Bronco-based Lincoln, midsize truck

Business / Business News /

Bronco is expected to play an increasingly larger role in Ford Motor Co.'s portfolio as the automaker bets on the high-margin off-road segment, according to an industry forecaster.

A Lincoln SUV is expected to be built off the Bronco platform at Wayne's Michigan Assembly Plant starting in the summer of 2029, and a Bronco-styled midsize truck is...Read more

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Carney bets Canada can live with tariffs to unlock investment

Business / Business News /

Canadian Prime Minister Mark Carney is on the brink of a trade pact with the U.S. His next challenge will be convincing his country that swallowing some tariffs is worth the greater economic certainty that a deal would bring.

So far, the emerging details of a draft agreement between Carney and President Donald Trump suggest Canada will accept ...Read more