Business
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Andrea Felsted: The real reason why Walmart is slashing prices by $2.9 billion
You might not know it from looking at the cost of everything from burritos to berries, but the U.S. is on the cusp of a supermarket price war.
Walmart Inc. said last week that it would use most of its $2.9 billion in tariff refunds to slash the cost of household essentials. Just a few months ago, Kroger Co. said it would cut prices on thousands...Read more
Thomas Black: The quantum computer revolution is tantalizingly close
When the Electronic Numerical Integrator and Computer, or Eniac, was first built by the University of Pennsylvania for the U.S. Army in 1946, it weighed about 30 tons and had 18,000 vacuum tubes that filled an expansive room. The speed of that first programmable, general-purpose digital computer was about 5,000 hertz, which means it could ...Read more
Ex-Googlers are planning AI-human hybrid to prevent rogue models
A new nonprofit founded by former Google researchers wants to keep humans at the center of AI development to ensure that the powerful technology is safe and less likely to escape its creators.
It’s a kind of riposte to what tech companies are currently doing in many cases: using artificial intelligence to oversee artificial intelligence. ...Read more
California AG Bonta open to Warner Bros. settlement talks if Paramount 'stops playing games'
California Attorney General Rob Bonta made it clear Tuesday he holds the power to extract major concessions in the battle over the proposed Paramount-Warner Bros. merger.
A day after canceling settlement talks, Bonta said he remains open to meeting with Paramount Skydance executives to find remedies to resolve the antitrust lawsuit stalling ...Read more
NHTSA probes braking-loss petition on Ford Maverick Hybrid truck
DETROIT -- U.S. regulators have opened an investigation into a petition concerning a 2024 Ford Maverick Hybrid compact pickup that experienced intermittent loss of braking.
The National Highway Traffic Safety Administration opened the probe on whether to grant or deny the petition filed on July 7. Granting the petition ultimately could result ...Read more
SpaceX plans $100 billion Louisiana site in post-IPO growth push
SpaceX plans to build a new $100 billion launch site for its Starship rocket on the southern coast of Louisiana, allowing the company to expand operations of the behemoth vehicle that’s critical to its future.
Louisiana Governor Jeff Landry and SpaceX executives announced the plans on Tuesday, authorizing the company to build a facility ...Read more
Ex-Meta staffer says 99% of teens shunned early safety tool
A former data scientist at Meta Platforms Inc. testified that less than 1% of teenagers were early adopters of a feature designed to get them to take a break from scrolling on Instagram.
George Volichenko — who worked on the platform’s mental well-being team from April 2022 to February 2023 — told a jury that the tool’s initial impact ...Read more
UAW, Shawn Fain respond to Trump's 50% tariff threat on Canadian autos
WASHINGTON — The United States' top automotive union leader has condemned President Donald Trump's threat to issue 50% tariffs on Canadian automotive goods beginning Jan. 1, 2027.
"The UAW rejects any escalation on Canada, a country with strong unions and labor standards," United Auto Workers President Shawn Fain said in a statement shared ...Read more
Jackson Hole offers Warsh a prime stage to rebut his critics
Kevin Warsh’s first major speech as chairman of the Federal Reserve has become an unexpected trial of his slimmed-down communications style.
The challenge facing Warsh is to counter criticism that he hasn’t been forthright with his views on the economy, without capitulating on his determination not to spoon feed investors with clues on ...Read more
H.B. Fuller rejects billion-dollar activist offer for key business
MINNEAPOLIS -- H.B. Fuller is accelerating a dispute with an activist investor by rejecting its bid to buy one of the Minnesota-based adhesive company’s business units for more than $1 billion.
Ancora Group Holdings quickly responded, reaffirming its intention to buy the building adhesive solutions business in a letter sharply critical of ...Read more
Target pulls 'offensive' Halloween costume
MINNEAPOLIS -- Target pulled a Halloween costume from its website after social media users said it resembled racist caricatures historically used to demean Black people.
The controversy lands as the Minneapolis-based retailer has shown signs of regaining momentum with shoppers, including stronger recent sales after a difficult stretch marked in...Read more
Apple gears up to launch its first new Mac Mini in two years
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
How LA stopped being Hollywood's leading star
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
More fallout from California's tire regulation
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
Zillow settles with FTC, eliminates key part of $100M deal with Redfin
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
Carney says US wants to destroy Canada firms, examines retaliation moves
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
Lutnick's intervention in Canada talks draws praise and blame
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
California bill targets abandoned funds. When can state seize your forgotten stocks?
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
Canada may cut US power exports as Trump reignites trade war
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
Prominent Latino group blasts Paramount-Warner merger
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









