Business
/ArcaMax
AI bumps power cost 60% as mega US grid fails to hit supply goal
Power-hungry data centers have increased supply costs for the largest U.S. electric grid by more than 60%, the system watchdog said.
PJM Interconnection LLC, which serves 13 states and Washington, DC, said Tuesday that its auction to procure power for the year starting June 2028 tied a $16.4 billion record set in late 2025. Data centers ...Read more
Boeing's 737 Max passes 737 NG as company's best-selling airplane
Boeing’s 737 Max family is now the company’s best-selling airplane, surpassing its predecessor, the 737 Next-Generation, or NG.
After booking 100 orders for the 737 Max in June, Boeing has recorded a total of 7,206 orders for the Max family, the company said Tuesday when announcing its monthly orders and deliveries total.
The 737 NG, which...Read more
Writers Guild sues Paramount, claiming Warner Bros. acquisition would take away jobs
The Writers Guild of America sued Paramount Skydance on Tuesday, alleging that the company’s planned $111 billion acquisition of Warner Bros. Discovery violates federal antitrust law. The union said that with fewer competitors, the merged Paramount-Warner Bros. Discovery business would be able to lower costs by reducing writers’ wages and ...Read more
Five Below plans to have 2,000 stores soon -- on par with Home Depot and Target
Five Below has been opening hundreds of new stores in recent years, and this month, the Philadelphia-based retailer is set to add its 2,000th location.
The new store is expected to open in LaGrange, Georgia, on Friday, July 17, the company announced earlier this month.
“Reaching 2,000 stores is an incredible milestone for our brand whose ...Read more
States reach $18 million settlement with 23andMe
Genetic testing company 23andMe and a group of attorneys general nationwide have reached a multimillion-dollar settlement following the major data breach that led to the company’s demise three years ago.
More than 40 attorneys general, including Pennsylvania‘s Dave Sunday, announced the national $18 million settlement with the genetic ...Read more
California to offer $3,500 EV rebates to first-time buyers
California rebates for electric vehicles are coming back.
Gov. Gavin Newsom signed legislation on Monday that offers $3,500 for first-time buyers of EVs that cost $50,000 or less. There’s also a rebate of $1,750 for first-time buyers who purchase a used electric vehicle with an MSRP of up to $25,000.
The governor’s office said Californians...Read more
Looking for a job? UCSD professor says how fast you answer an employer could help you land the gig
Triple-check your resume. Get to your interview early. Always send a thank-you note.
A recent scholarly article co-authored by University of California-San Diego's Rady School of Management professor On Amir found that job seekers have one more tool to help boost their chances of getting hired: answer fast.
“Our studies identify a distinct ...Read more
US CPI falls for the first time since 2020, core gauge flat
U.S. consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates.
The consumer price index fell 0.4% from May, dragged down by the biggest decline in gasoline prices since 2022, according to Bureau of Labor ...Read more
The AI effect: University of Chicago Law School opts to prohibit electronic devices in some classrooms
Come fall, first-year students at the University of Chicago Law School will be prohibited from using electronic devices like laptops, tablets and phones in the classroom throughout the 2026-27 academic year. The new policy comes as artificial intelligence continues to affect the higher education landscape and schools grapple with how to handle ...Read more
Freedom Fuel stations across the Philadelphia region offer cheap gas, feature local owners, and raise ethical concerns
Across the Philadelphia region, former Sunoco, Karco, and Gas N Go stations with makeshift Freedom Fuel Network signs have been selling less-expensive gas to drivers for about a week.
Who is behind the 25 gas stations selling Freedom Fuel in the Philadelphia region, and how they are able to offer gas 40 to 50 cents cheaper than nearby stations,...Read more
Economists, tech leaders warn AI could bring 'large-scale job displacement' and other risks
Many of the smartest people in the world warned governments, companies and people Monday that they need to be ready for the deep impact that artificial intelligence is going to have on the economy.
More than 200 economists, researchers and tech leaders said artificial intelligence could transform the economy for the better and for worse and ...Read more
These young workers say they fear remote work more than AI
PHILADELPHIA — Soon after Aubrey Lee graduated college and moved to Philadelphia's Queen Village in 2021, she determined that her burgeoning career in marketing would be aided by time spent in an actual office.
Partly that’s because her first job was fully remote, and she was laid off after only five months. But she also found it alienating...Read more
UAW president hires criminal defense team amid federal grand jury probe
United Auto Workers President Shawn Fain, who is being investigated by a federal grand jury, has hired two former federal prosecutors who specialize in fraud and bribery cases and work as defense lawyers for a Washington, D.C., firm with a stable of high-profile clients, including trillionaire Elon Musk and former New York City Mayor Eric Adams....Read more
Farmers win right to repair their own John Deere tractors, but more reform sought
Minnesota and four other states joined the Federal Trade Commission (FTC) in settling a high-profile lawsuit against Deere & Company, with a stipulation that the company make it easier for farmers to repair their own iconic green John Deere tractors.
For years, farmers have felt frustrated that John Deere withholds resources such as diagnostic ...Read more
California lawmakers cry foul over new cap placed on film tax credits
More than three dozen California legislators are calling for Gov. Gavin Newsom to exempt the state’s film and TV production incentive program from a recently approved cap on corporate tax credits, warning that without action it will be “significantly kneecapped.”
Though the state’s budget has already been approved, the legislators say a...Read more
Stellantis vehicle shipments surging in North America
Stellantis NV said Monday its second-quarter estimated vehicle shipments in North America increased 38% compared to a year ago, largely thanks to new and refreshed models such as the Ram 1500 Hemi V-8, Jeep Grand Cherokee and Chrysler Pacifica.
The North American surge helped Stellantis globally record a 10% rise in shipments despite challenges...Read more
Michael Hiltzik: While Trump declares that US is enjoying 'best economy ever,' manufacturing jobs have been disappearing
Based on the words of President Trump, America is well on the way to becoming a "global superpower in manufacturing" — indeed, as he declared in a Father's Day social media post, we are already experiencing the "BEST ECONOMY EVER." (Capitalization's his.)
Here's what the government's own statistics tell us: Manufacturing investment has ...Read more
Apple's lawsuit threatens to disrupt OpenAI's bid to rival the iPhone
Apple Inc.’s lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company’s device ambitions long before the case is resolved.
In the suit, filed last week, the iPhone maker alleges that OpenAI asked former Apple employees — and even prospective recruits — to bring information about ...Read more
Legendary Television City may be be sold in further blow to Hollywood
LOS ANGELES — Television City, one of the most famous studios in the entertainment industry where generations of TV shows have been created, is expected to hit the market again as its owner grapples with debt.
It's the latest sign of distress in Hollywood as the film and TV industry struggles from a sharp falloff in production activity across...Read more
Is buying a home still the way to wealth? Some young Americans aren't sure
The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment.
Take Tony Zhang, 34, who bought a $950,000 townhouse in Irvine, California, in 2021 and says he now regrets it. The supply-chain manager says investing his down payment of roughly 30% in the stock market instead would...Read more
Popular Stories
- Looking for a job? UCSD professor says how fast you answer an employer could help you land the gig
- The AI effect: University of Chicago Law School opts to prohibit electronic devices in some classrooms
- Apple sues OpenAI for trade secret theft in blockbuster case
- Freedom Fuel stations across the Philadelphia region offer cheap gas, feature local owners, and raise ethical concerns
- UAW president hires criminal defense team amid federal grand jury probe









