More than a third of short-term rental properties like Airbnb and VRBO in Philadelphia have licensing issues, according to a new report from the City Controller’s office released Tuesday.

The controller found that of 3,734 analyzed licenses associated with short-term rentals, 1,327 were expired or noncompliant.

“Short-term rentals are an ...Read more

General Motors Co. is facing an uncomfortable reality: Toyota Motor Corp. has a shot at taking the U.S. sales crown once again thanks to growing demand for its gasoline-electric hybrids.

The Japanese automaker is expected to increase its market share to 15.8% in the first half of this year, while GM’s share may tumble by almost 1 percentage ...Read more

The U.S. National Transportation Safety Board opened an investigation into a fatal crash this month involving a Tesla Inc. sedan in Texas, expanding scrutiny of an incident that has drawn national attention.

The NTSB, a federal agency tasked with probing civil transportation accidents, said Wednesday that it’s working with the Harris County ...Read more

Mark Zuckerberg, CEO of Meta, wants to “deliver personal superintelligence to everyone in the world.” And he’s calling on Qualcomm to help power it.

The San Diego chipmaker on Wednesday revealed Meta as its first major data center customer, announcing the partnership at an Investor Day event in New York City. The announcement is the ...Read more

President Donald Trump is coming back to Pennsylvania in July to headline another technology summit — this time, about defense — hosted by Republican Sen. Dave McCormick.

“Last July, the President came to Pennsylvania and together we announced more than $90 billion in investments to strengthen America’s energy dominance and AI ...Read more

NV Energy projects data centers will drive a dramatic shift in Nevada’s energy landscape, growing from 5 percent of electricity sales today to 64 percent by 2046.

NV Energy is requesting $3.2 billion in transmission and substation upgrades, along with thousands of megawatts of new solar, battery storage and geothermal and natural gas ...Read more

Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial intelligence model using thousands of fraudulent accounts that undermine the U.S. AI developer’s decision to keep its products out of China.

Anthropic claimed that a campaign by operators ...Read more

Sony Pictures will invest $100 million and take a minority stake in virtual reality venue operator Cosm, as the studio continues to build a business in communal experiences.

As part of the investment, Sony Pictures Chief Executive Ravi Ahuja will also join Cosm's board of directors, the studio said Wednesday. The size of Sony's minority stake ...Read more

The electric vehicle company Slate Auto set out in 2022 to make the most affordable electric truck in the country. This week, it unveiled the price tag: $24,950.

At a time when demand for new electric vehicles is cooling and cars are getting harder to afford, Slate’s customizable truck could bring a fresh wave of excitement to the industry.

...Read more

Zillow’s co-founder Rich Barton has announced a move to Las Vegas after decades in Seattle, according to a recent post on X.

“Officially a Las Vegas resident,” the June 5 post said, “Kids are launched, empty nest achieved, and we’re excited to start this next chapter.”

Barton co-founded Zillow some two decades ago and is still the ...Read more

I woke up this morning to a thunderstorm.

I sleep with a CPAP machine for sleep apnea, and if the power goes out, I wake up pretty quickly when the machine stops working.

A while back I started plugging my CPAP into a portable power station, which stays plugged into the wall so if the power goes out, the power station’s battery will keep my ...Read more

For the second year in a row, Minnesota health insurers are seeking double-digit percent rate increases next year for coverage sold on the state’s MNsure exchange.

The proposed rate hikes, which regulators haven’t yet approved, are looking like a bellwether for medical cost trends across the broader U.S. health insurance landscape — ...Read more

For months, Medicare patients in Washington have struggled with delays and denials for medical treatments due to a new program that uses artificial intelligence to review care.

Now, patients and their doctors are fed up and demanding changes. Lawmakers scrutinizing the program want to see it overhauled.

“Congress and the public deserve a ...Read more

President Donald Trump’s call for Iran to buy U.S. crops as part of a peace deal is being met with a mix of doubt and cautious optimism by the American farm sector.

“I remain skeptical of Iranian purchases of U.S. ag commodities, but the possibility must be respected,” said StoneX chief commodities economist Arlan Suderman. “That may ...Read more

Amazon.com Inc.’s annual Prime Day sale is off to a slow start, according to a survey conducted by market research firm Numerator.

The average household surveyed had spent about $89 as of 4 p.m. New York time, Numerator said on Tuesday, down about 16% from the same time during last year’s event, which began in July.

Shoppers stocked up on ...Read more

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has directed a small team to create a prediction market application similar to Kalshi Inc. and Polymarket, but with lower stakes as users won’t likely wager real money.

The standalone product, which is still in development and known internally as Arena, would complement Meta’s ...Read more

Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Musk’s 2022 ...Read more

Tech stocks took another big hit Tuesday as investors sold off shares of companies that have powered the artificial intelligence boom.

Technology companies have been spending billions of dollars investing in data centers and infrastructure needed to support the race to advance AI. But sky-high valuations and geopolitical tensions have some ...Read more

Shares in Elon Musk's rocket company SpaceX halted their three-day slide that had erased roughly $600 billion off its market value.

SpaceX shares closed at $156.11 with a nearly 1% gain on Tuesday, a slight recovery from a 16% fall on Monday.

That loss dropped the stock below $160.95, where it ended the day June 12 after a 19% surge during ...Read more

Angry residents already pushed several Minnesota cities to set tighter rules for data centers. Now some county officials are trying to set limits, too.

Wright County recently put a moratorium on the facilities, and on Tuesday, Washington County considered its regulatory options. Dakota County has also discussed whether to step into the ...Read more