Elon Musk’s artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents.

XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first ...Read more

Paramount is staying the course on its $30-a-share bid for Warner Bros. Discovery, again appealing directly to shareholders.

The move comes after Warner Bros. Discovery's board voted unanimously this week to reject Paramount's revised bid, in which billionaire Larry Ellison agreed to personally guarantee the equity portion of his son's firm's ...Read more

President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election.

Trump announced the move on Thursday in a social media post, saying “This will drive Mortgage Rates DOWN, monthly payments DOWN, and...Read more

One of the largest farming businesses in Arizona has agreed to use less water and pay $11 million in a deal that state officials say will help preserve disappearing groundwater and provide financial help for residents whose wells have run dry.

Arizona Attorney General Kris Mayes announced the binding legal agreement with Minnesota-based dairy ...Read more

HBO Max is taking steps to expand its reach into Germany, the latest move by a U.S. streaming platform to build out international programming.

As part of the launch, Warner Bros. Discovery's HBO Max has signed a bundling deal with leading local streamer RTL+.

Debuting on Jan. 13, the companies plan to share content under a joint subscription, ...Read more

General Motors Co. on Thursday disclosed another $6 billion hit from unprofitable electric vehicle investments.

GM reported the loss to the Securities and Exchange Commission as what's known as an impairment charge. Impairment charges reflect assets that are not expected to bring in profits as initially expected.

Along with other EV makers, GM...Read more

After 13 days on strike, the Telluride Professional Ski Patrol Association has accepted a new contract offer from Telluride Ski & Golf to end the work stoppage that has created economic trouble in the town and pitted residents against one another.

Graham Hoffman, president of the ski patrollers’ union, confirmed that the 70-member ...Read more

U.S. President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election.

Trump announced the move on Thursday in a social media post. The director of the Federal Housing Finance Agency, Bill Pulte, said soon after ...Read more

Alaska Airlines ordered more than 100 Boeing planes Wednesday, the largest order in the airline’s history and a commitment to the Seattle-based manufacturer even as Alaska moves away from being “proudly all Boeing.”

Alaska had for years operated an entirely Boeing fleet, until last year when it acquired Hawaiian Airlines and, with it, a ...Read more

General Motors Co.'s online marketplace CarBravo is extending warranties on certified pre-owned models as it seeks to meet demand for used vehicles and online car shopping.

GM now will provide 12-month or 12,000-mile warranties on used vehicles under 10 years old and with less than 100,000 miles that are listed through CarBravo, program leader ...Read more

It isn't just billionaires leaving California.

Anecdotal data suggest there is also an exodus of regular people who load their belongings into rental trucks and lug them to another state.

U-Haul's survey of the more than 2.5 million one-way trips using its vehicles in the U.S. last year showed that the gap between the number of people leaving ...Read more

Google and Character.AI, a California startup, have agreed to settle several lawsuits that allege artificial intelligence-powered chatbots harmed the mental health of teenagers.

Court documents filed this week show that the companies are finalizing settlements in lawsuits in which families accused them of not putting in enough safeguards before...Read more

Ford Motor Co. says eyes-off and hands-off autonomous driving will be road-ready in 2028, and it'll introduce new artificial intelligence-powered features to its current customers starting this year.

The Dearborn, Michigan automaker on Wednesday introduced the Ford AI assistant and its new vehicle compute center at the massive CES consumer ...Read more

Microsoft dismissed rumors that mass layoffs are coming to the company this month, after reports suggesting another round of deep cuts was in the works swirled online this week.

Multiple websites aggregated reports" earlier this week that Microsoft was planning to cut between 11,000 and 22,000 roles in January, affecting the tech giant's cloud,...Read more

Since the January 2025 firestorms damaged or destroyed more than 12,000 homes in Los Angeles County, fire victims have repeatedly complained that insurers have delayed, denied or underpaid many of their claims, with most still displaced.

A year later, state lawmakers have introduced legislation to address those problems.

One bill, authored by ...Read more

For cash-strapped, lower-income homebuyers, the housing market is a tough place to be.

And it’s only becoming more uncomfortable in 2026.

A new federal rule has changed the eligibility targets for certain down payment- and closing cost-assistance programs, which could make the application for funds more competitive. And even when those ...Read more

All Caribou Coffee customers will no longer pay more for plant-based milk, and a prominent animal rights group is taking the credit.

Until Jan. 2, customers had to swallow an upcharge of about $1 for nondairy milk like oat, coconut and almond at the Minnesota-founded chain. People for the Ethical Treatment of Animals (PETA) said in a Jan. 6 ...Read more

The Bay Area and California both posted robust job gains in November that represented rebounds from months of feeble hiring trends marred by waves of employment losses, a new federal report released Wednesday shows.

The report, delayed by a weeks-long government shutdown, revealed that the Bay Area gained 4,800 jobs in November, snapping six ...Read more

Avelo Airlines, the only commercial carrier believed to have been operating full deportation flights on a regular basis for the Trump administration, is ending its relationship with Immigration and Customs Enforcement and will no longer charter those deportations.

The budget carrier signed an agreement with the Department of Homeland Security ...Read more