Business
/ArcaMax
DEA's big marijuana shift could be a lifeline for California's troubled pot industry
If the U.S. Drug Enforcement Administration reclassified marijuana as a less dangerous drug, it wouldn't eliminate the conflicts between the feds and states such as California that have legalized many uses of the substance.
But it would bring one significant shift that could give California's licensed pot companies a badly needed boost: a ...Read more
Federal agency wants help protecting domestic violence victims from high-tech cars
WASHINGTON — The Federal Communications Commission wants feedback on how it can better protect domestic violence survivors from stalking and abuse carried out through internet-connected technology in cars.
The public comment window is open through May 23, and responses are starting to come in.
“We need to collaborate with law enforcement ...Read more
Global film and TV production down 7% this year following Hollywood strikes, report says
Global film and TV production was down 7% during the first quarter of 2024 compared with the previous year, according to a Wednesday report by film and TV tracking company ProdPro that illustrates Hollywood's slow return to work in the wake of the writers' and actors' strikes.
ProdPro, a relatively new firm that follows film and TV production ...Read more
Can AI-powered drive-throughs save the day for fast food operators?
It didn't take long for Harshraj Ghai to respond to the impact of California's new $20 an hour minimum wage for his 3,700 fast-food employees.
Ghai and his family operate 180 Burger Kings, Taco Bells and Popeyes chicken restaurants across the state, and one of the first things they did after the law took effect April 1 was to start capping ...Read more
US job openings hit three-year low, showing cooling labor market
U.S. job openings fell in March to the lowest level in three years while quits and hiring slowed, indicating more softening in the labor market.
Available positions decreased to 8.49 million from an upwardly revised 8.81 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, ...Read more
Starbucks CEO's honeymoon is over after sales slump, shares dive
Laxman Narasimhan’s honeymoon phase is over.
The chief executive officer of Starbucks Corp., who officially took over the coffee behemoth just over a year ago, on Tuesday cut annual guidance for a third straight quarter after the company’s worst performance since the pandemic. Each of Starbucks’ geographic segments posted a decline, ...Read more
How a negotiation over cable fees could weigh on Paramount's sale
Paramount Global's sale talks with David Ellison's Skydance Media face a milestone later this week, but the battered Redstone family-controlled media company has been scrambling to meet another deadline — one that also carries huge implications.
On Tuesday, Paramount and Charter Communications agreed to a deadline extension as the two sides ...Read more
Millions of semi-trucks on US roads still rely on fossil fuels. Cutting-edge EV tech could change that
On a recent cloudless spring day on the outskirts of Gilroy, California, Christian Martorella accelerated an 18-wheeler past budding orchards. But instead of the roar of a diesel engine, the cab filled with the gentle hum of an electric motor.
After driving diesel trucks for 10 years, Martorella initially eyed electric trucks skeptically. Now, ...Read more
An artificial mind, with a lifelike body: Amid a world of evolving AI, a Las Vegas man brings his creations to life
You wanna see her move? I think that’s the fun part.
The room is thick with anticipation and fabricated skulls.
She’s gonna wake up. Give her a second.
Matt McMullen eyes his creation as her eyes flutter open in return, her gaze settling upon all the disembodied faces and mechanical mandibles surrounding her in this workshop where fake ...Read more
Tech review: Tech gifts for your graduate
It is high school (and college) graduation time and that usually means some gift-giving.
I’ve got a few gift ideas for your graduates that will be welcomed whether they’re headed off to college or still trying to figure out what’s next.
Here are three gadgets, and oddly, two of them are named Flow.
Tribit Stormbox Flow
I think ...Read more
Tesla axes most of Supercharger team in blow to other automakers
Tesla Inc. eliminated almost its entire Supercharger organization, which has built a vast network of public charging stations that virtually every major automaker is in the process of tapping into in the US.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by Chief Executive Officer Elon ...Read more
US union members see record pay raises, outpacing nonunion workers
Unionized workers in the U.S. saw record raises, while nonunion workers’ pay barely beat inflation over the past 12 months, the latest government data show.
Wages of private sector union workers rose 6.3% in the year ended in March, the largest increase in data back to 2001, according to Bureau of Labor Statistics employment cost figures ...Read more
Millions of New Yorkers facing rent hikes of up to 4% for 1-year lease
Around 2 million New Yorkers living in stabilized apartments will likely see their rents climb for the third year in a row, after the board tasked with setting rates okayed a range of possible hikes at a raucous preliminary vote on Tuesday — as tenants and their board representatives walked out in protest.
The rest of the Rent Guidelines ...Read more
Eight newspapers sue Microsoft, OpenAI over the new artificial intelligence
Eight newspapers sued Microsoft and OpenAI on Tuesday, claiming the technology giants illegally harvested millions of copyrighted articles to create their cutting-edge “generative” artificial intelligence products including OpenAI’s ChatGPT and Microsoft’s Copilot.
While the newspapers’ publishers have spent billions of dollars to ...Read more
Amazon reports $10.4 billion profit in first quarter of 2024
Amazon reported $10.4 billion in profit for the first three months of the year, marking another quarter of growth that surpassed the start of 2023.
In its first-quarter financial results, released Tuesday afternoon, Amazon reported $143 billion in revenue, $10.4 billion in profit and 98 cents earnings per diluted share. In the same time period ...Read more
Ecolab sells surgical business for nearly $1 billion
Ecolab is offloading its global medical solutions business, selling its surgical unit to Medline Industries for just under $1 billion.
The St. Paul based provider of water, hygiene and infection prevention solutions and services earned announced the $950 million deal with the Illinois-based private company Tuesday morning. Medline is one of the...Read more
Judge in Seattle sentences Changpeng Zhao, crypto mogul, to 4 months in prison
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency trading platform, was sentenced in Seattle on Tuesday to four months in prison for failing to prevent money laundering on the exchange.
Both Zhao, who is known as CZ, and Binance pleaded guilty last year to failing to implement anti-money-laundering ...Read more
Michigan EV fast-charging infrastructure increased 52% in 2023
Michigan’s electric-vehicle fast-charging infrastructure grew slightly faster than the nation overall last year, according to a new report by East Lansing-based Anderson Economic Group.
In 2023, the state's number of public DC fast-charging stations increased about 52%. Nationwide, the number of public DC fast charging stations increased by ...Read more
Former Fox News executive is named president of news and politics for NewsNation
Cherie Grzech, a longtime Washington executive for Fox News, has been named president and managing editor of news and politics for Nexstar's cable channel NewsNation.
The Chicago-based channel announced Tuesday that Grzech will oversee its news coverage and political programming, which now includes a Washington-based Sunday roundtable show. She...Read more
Stellantis first-quarter revenues, shipments fall amid transition to new vehicles
Stellantis NV on Tuesday said its first-quarter revenue fell 12% to $44.7 billion (41.7 billion euro) compared to last year as the company transitions to a number of next-generation vehicles that will be built on new platforms.
Vehicle shipments worldwide were down 10%, to 1.3 million, compared to the same three-month period a year ago.
For ...Read more
Popular Stories
- An artificial mind, with a lifelike body: Amid a world of evolving AI, a Las Vegas man brings his creations to life
- Millions of semi-trucks on US roads still rely on fossil fuels. Cutting-edge EV tech could change that
- How a negotiation over cable fees could weigh on Paramount's sale
- Tech review: Tech gifts for your graduate
- DEA's big marijuana shift could be a lifeline for California's troubled pot industry