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Zuckerberg, Musk vie for AI primacy with $155 billion spree
Meta Platforms Inc. will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the U.S. tech giants battle it out for supremacy in the next wave of technological ...Read more
Royal Caribbean confirms two ships in new Discovery class, 10 additional river vessels
Royal Caribbean is making waves in the cruise industry with big plans for the next several years, including a new class of oceangoing ships and 10 new river ships.
Royal Caribbean Group announced a series of agreements ...Read more
Owner of Johnny Rockets, Fatburger files for bankruptcy
FAT Brands — the owner of multiple restaurant chains including Johnny Rockets, Fatburger and Twin Peaks — has filed for bankruptcy amid debt of more than $1 billion.
The franchiser filed for Chapter 11 on Monday in ...Read more
Rocket Companies accused of mortgage steering
Rocket Companies, which acquired Seattle-based Redfin last year, allegedly pressured agents to steer buyers toward its loans — even if the loan terms were unfavorable for their clients, a lawsuit claims.
In the lawsuit ...Read more
Amazon's AI push raises employee climate, layoff concerns
As Amazon culls its workforce, the company is pouring billions of dollars into its artificial intelligence infrastructure, leaving some employees wondering whether the trade-off is worth it.
The company will report ...Read more
Real estate Q&A: What should we prioritize as we look to buy our first home?
Q: My partner and I have been together for a few years and have been living in a rented house. It’s time for us to buy our first house. Do you have any recommendations on what we should be looking for in our new home? �...Read more
Peet's Coffee is closing outlets in California
Peet's Coffee plans to shutter some stores, including at least two in Southern California, by the end of January.
A Peet's spokesperson said in an email that the closures were a "difficult decision" and "reflect a broader...Read more
With gold and silver hitting record prices, Las Vegas dealers are in uncharted territory
To say this is the craziest time in the precious metals business is an understatement, said a Las Vegas gold and silver dealer.
“I’m just glad I lived long enough to see this, you know what I mean?” said Steve ...Read more
Not 'Just Ken': Mattel shares Barbie's longtime boyfriend's full name
At the 2024 Oscars, Ryan Gosling, reprising his role as Ken in Greta Gerwig's 2023 movie "Barbie," donned a bedazzled pink suit and belted the ballad "I'm Just Ken."
"I'm just Ken, anywhere else I'd be a 10," the actor ...Read more
Costco's $4.99 rotisserie chicken gets roasted in lawsuit. Here's what they're claiming
Costco's famed $4.99 rotisserie chicken is under fire in a proposed class action lawsuit claiming that the big box warehouse falsely advertised that its birds were preservative free.
Two California shoppers say Costco ...Read more
Clean Up Your Desk -- Mess Up Your Life
It's a question as old as time. Which is a better indicator of your performance on the job -- a messy desk or a neat desk?
The messy-desk people say that mountains of papers and piles of junk show that you are 100% ...Read more
San Diego shows what happens when a city actually lets builders build
As Los Angeles grapples with a housing shortage, it could learn from San Diego, which has proved better at convincing construction companies to build more.
The city is more welcoming to developers, industry insiders say, ...Read more
Tesla plots $20 billion spending spree to build Musk's AI future
Tesla Inc. plans $20 billion of spending this year to streamline its electric-vehicle lineup and shift resources toward robotics and AI, part of a sweeping set of changes pushing the company further from its roots as an ...Read more
Meta leans on improved ad business to fuel massive AI spending
Meta Platforms Inc.’s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.
The social networking giant topped projections for ...Read more
Fed holds rates steady, nods to stabilization in jobless rate
Jerome Powell has two more opportunities to adjust interest rates before his term as Federal Reserve chair ends — and he may not need them.
After the Fed kept borrowing costs on hold Wednesday, Powell talked up a “...Read more
Immigration activists stage protests at Philly Target stores, demand the company reject ICE
No ICE Philly activists demonstrated at Target stores in the city on Tuesday evening, attempting to slow business operations at a company that they say wrongly cooperates with federal immigration enforcement.
Stores in ...Read more
Stellantis set to delay Illinois plant reopening, UAW official says
A local United Auto Workers union leader said it appears Stellantis NV will delay reopening its Belvidere Assembly Plant in Illinois, but the automaker isn't confirming any change in plans for the 5 million-square-foot ...Read more
Lurie Children's planning new hospital in Chicago suburbs
Lurie Children’s Hospital is in the early stages of planning a new children’s hospital in the Downers Grove area, Lurie announced Wednesday.
The new hospital would be the system’s first hospital with inpatient beds ...Read more
Illinois Racing Board suspends harness racing license at Hawthorne Race Course due to financial troubles
The Illinois Racing Board has suspended the operating license for harness racing at Hawthorne Race Course, citing ongoing financial difficulties.
The board cited Suburban Downs, which operates harness racing at Hawthorne,...Read more
The Fed didn't cut interest rates. Here are 5 things to watch next
The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious.
The decision means Fed policymakers will keep ...Read more
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