Kevin Warsh began his tenure as chairman of the Federal Reserve with a solemn vow to curb inflation and a clear sign that he plans to swiftly revamp how the U.S. central bank does its job.

Missing was any clear guidance from him on what it means for interest rates.

Following the Fed’s two-day policy meeting, Warsh on Wednesday passed a ...Read more

California officials are taking aim at AT&T’s attempt to get the federal government to override state authorities and allow it to end landline service for many Californians.

The utility giant last month filed a federal court complaint against California regulators and submitted two petitions to the Federal Communications Commission, seeking ...Read more

Rivian said it's laying off hundreds of employees, or less than 2% of its workforce, as part of restructuring efforts aimed at making the company profitable for the first time.

The layoffs come one week after the Irvine, California-based electric vehicle maker began deliveries of its highly anticipated R2 SUV.

The company is hoping that the R2...Read more

Allbirds is clipping its wings — again.

The San Francisco company announced Wednesday it will be changing its name to Smartbird and naming a new chief executive to lead its pivot from an eco-friendly shoe company to an AI startup.

The company named Nadia Carlsten as its new CEO, replacing Joe Vernachio, who was named CEO in 2024. Carlsten ...Read more

Qualcomm made the case that the next computer you own won’t sit in your pocket. It’ll sit on your face.

The San Diego chipmaker took the stage at the Augmented World Expo in Long Beach on Tuesday to unveil the Snapdragon Reality Elite, a chip that will power augmented reality and mixed reality devices.

Though augmented reality glasses have...Read more

Ford Motor Co. recently marked a major milestone toward its next-generation electric vehicle platform with the start of production in Michigan of its first full prismatic cells: from slurry to coating and formation, all the way through aging and final inspection.

The launch in Marshall, Michigan, puts the automaker on track to be the first to ...Read more

CME Group Chairman and CEO Terry Duffy, who has been at the helm of the organization for more than 25 years, will step down from his role next year.

Lynne Fitzpatrick, who currently serves as president and chief financial officer, will take over as CEO and will join the CME Group board of directors. Duffy will transition to executive chairman ...Read more

Disneyland faces a February deadline to retire Autopia’s gas-powered engines or close the 1955 opening day Tomorrowland attraction under a settlement agreement with the state agency that regulates air pollution in California.

MiceChat reports Disneyland faces a state-mandated deadline to retire the gas-powered cars on Autopia by Feb. 1 or ...Read more

CLAYTON, Missouri — Chemical and ammunition maker Olin Corp. announced Tuesday that it plans to merge with competitor Huntsman Corp. and will relocate its headquarters from Clayton to The Woodlands, Texas, about 40 minutes north of Houston.

Olin and Huntsman will combine in an all-stock merger of equals to create OlinHuntsman Corp., ...Read more

The American mall was once considered a dying relic of the pre-internet era, battered by e-commerce, shifting consumer habits and the collapse of traditional department stores.

But in Las Vegas and across the country, many malls are finding new life by reinventing themselves as destinations for entertainment, dining, fitness and community ...Read more

Stephen Randall didn’t plan on becoming a case study for Medaica, his Las Vegas-based company that has created artificial intelligence-assisted at-home heart exams.

But that’s what happened last year after the serial entrepreneur with a family history of heart disease — and two stents to show for it — returned home from a routine six-...Read more

Jeff Saling was part of three successful startups before co-founding StartUpNV, a nonprofit business accelerator and incubator based in Las Vegas.

After the serial entrepreneur’s first company, a Silicon Valley startup, went public, he moved to Nevada, where he was frustrated to learn the state did not have a startup ecosystem.

Saling then ...Read more

A growing number of researchers are turning to artificial intelligence to understand why some people remain healthy into their 90s while others develop chronic diseases decades earlier.

At labs throughout the Bay Area, the technology is fueling a wave of longevity research aimed at measuring how long people live — and how well they age.

...Read more

Lachlan Murdoch has worked wonders on Fox Corporation’s stock price over the last two years and tidied up his family’s messy ownership of the media empire. Now with one big, pricey deal, he’s written a shocking plot twist into the investment narrative.

Fox agreed on Monday to buy streaming service Roku Inc. for an enterprise value of $22 ...Read more

Colorado finally has federal permission to start importing cheaper prescription drugs from Canada, but the state may not have any sellers to work with.

Lawmakers passed a bill in 2019 that directed the Colorado Department of Health Care Policy and Financing to seek federal permission to import selected drugs, including the popular weight-loss ...Read more

Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs.

In his first meeting leading the U.S. central bank, Warsh is presiding over a ...Read more

A Michigan pension fund is accusing Microsoft of hyping up its artificial intelligence products and inflating its stock price last year, before a sharp drop in January.

The stock price's steep drop in January — and the continued decline over the months that followed — is the crux of the lawsuit. Lawyers for the plaintiffs wrote that ...Read more

DETROIT — Gas prices might improve immediately following the deal between the United States and Iran to open the Strait of Hormuz, but it'll be months before scarcities and other supply disruptions ease, KPMG US's chief economist said in Detroit.

Diane Swonk, a U.S. economic adviser, noted that halted rubber glove production in Bangladesh ...Read more

Social media company Snap showcased a pair of its $2,195 augmented reality glasses Tuesday, staking a claim in a race to reshape how people interact with computers.

The Santa Monica, California tech company faces fierce competition as it takes on bigger rivals such as Meta that are dominating the sale of smart glasses and needs to convince more...Read more

Artificial intelligence company Anthropic and the Trump administration are sparring — yet again.

Over the weekend, tensions between the San Francisco company and the Trump administration flared up after the U.S. government ordered Anthropic to cut off foreign access to the company's most powerful AI systems.

The government's order poses a ...Read more