For more than five decades, OPEC has been one of the pillars of the global system. It decides how much the rest of us pay for energy — and that price-setting power has made many of its members, especially the United Arab Emirates, extraordinarily rich. Why, then, would the UAE choose to exit, and possibly destroy, the world’s most profitable...Read more

If you are the type who looks at hybrids the way you look at kombucha (suspiciously, with the faint hope that someone will admit it tastes like fermented sadness), you’re in for a rude awakening. The 2026 Chevrolet Corvette E-Ray hybrid is a slap in the face to everything your sensible mind holds dear.

For it will rip your face off faster ...Read more

ROMULUS, Mich. — With the I-94 interchange underwater, I exited Detroit Metro Airport and waded through the flood waters in my 2026 GMC Acadia Denalia. With a GMC truck-like 7.3 inches of ground clearance and all-wheel drive, the big three-ton, three-row ute shrugged off the hazard while smaller cars turned around.

After churning through the...Read more

Long-time Grasso’s Garage readers know Volvo reigns supreme in the luxury category, and this week, the proof is in the pudding.

With an Aurora Silver exterior, great sight lines and fantastic comfort, the 2026 Volvo XC90 T8 AWD PHEV Ultra delivers a statement as it enters our garage.

The XC90 is powered by the illustrious 2.0L Turbo charged ...Read more

MINNEAPOLIS -- The country’s newest real estate specialist is Mae (short for Maestro), and she was just born this year.

The “synth human” is really part of a new AI-powered platform that will put a (digital) face on Minneapolis-based HomeServices of America, which owns mortgage, title, insurance and escrow companies, among others. The ...Read more

California Attorney General Rob Bonta has enlisted new allies in his legal battle to unravel Nexstar Media Group's takeover of rival television station group Tegna Inc.

Late Thursday, Bonta announced that five additional states have joined his coalition that is suing to block the $6.2-billion merger. With the additional plaintiffs, the group ...Read more

Signs of strength in the world’s largest economy fueled investor optimism about the outlook for Corporate America’s earnings, driving stocks to their best month since late 2020.

Equities hit fresh highs, with the S&P 500 extending its April surge to 10% as data showed US growth accelerated amid an AI-driven upswing in business investment. A...Read more

PHILADELPHIA — When the U.S. Supreme Court struck down President Donald Trump’s sweeping tariffs in February, companies swiftly lined up to demand a refund.

And Ikea shoppers want their money back too.

A proposed class-action lawsuit filed this week in federal court in Philadelphia asks a judge to order the furniture company to pay back ...Read more

CANNON FALLS, Minn. — Consumers hungry for protein are still buying beef, but the meat’s producers from the farm to the butcher shop know it’s too expensive.

At Everett’s Foods in southeastern Minnesota, some customers are starting to pick the store’s signature sausages over pricier cuts of beef, employees said. Cannon Falls rancher ...Read more

U.S. economic growth accelerated at the start of the year, fueled by a massive upswing in business investment and solid consumer demand.

Inflation-adjusted gross domestic product increased an annualized 2% in the first quarter after the longest-ever federal government shutdown limited growth in the closing months of 2025, according to an ...Read more

Applications for U.S. unemployment benefits plunged to the lowest level in decades, a sign that job-cut announcements have not yet meaningfully translated into layoffs.

Initial claims fell by 26,000 to 189,000 in the week ended April 25. according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of ...Read more

LOS ANGELES — Direct foreign investment in California rose last year despite the trade disruptions caused by President Donald Trump's tariffs, according to an annual tally released this week.

The number of foreign-owned enterprises rose 4% to 19,717, as did the number of jobs they supported, to 847,245, stated the report by the Los Angeles ...Read more

Kevin Warsh, the prospective chair of the Federal Reserve, keeps coming up with new reasons to lower short-term interest rates, an outcome that President Donald Trump has long demanded.

His latest rationale — that inflationary pressures are subsiding — is no more convincing than its predecessors.

Reason number one was artificial ...Read more

Emily Pearson looked like everyone else in her T-shirt and shorts last fall when she crossed the finish line of a sun-drenched Twin Cities Marathon.

Which made her extraordinary.

Four-plus hours in daylight used to cause “insufferable” pain because of a rare genetic skin disorder, forcing her to do training runs in darkness at 3 a.m. or ...Read more

Owners of second homes — and Airbnb — stand to reap a windfall under an initiative in Los Angeles Mayor Karen Bass' new city budget proposal.

Tucked away in the more than 500 pages of city budget expenditures, the mayor calls for creating a new revenue stream by allowing people who own a second home to rent it out on a short-term basis, ...Read more

Real estate developer Caruso is partnering with the electric vehicle company Rivian to add more than 150 public EV chargers to Caruso's properties, including malls and apartment buildings.

Caruso owns several iconic Southern California destinations, such as the Grove and Palisades Village, which is scheduled to reopen this summer after last ...Read more