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Irfan Khan/Los Angeles Times/TNS

Quixote production services vendor to wind down most of its soundstage business in LA

Business / Business News /

Production services vendor Quixote said it will wind down most of its soundstage business in Los Angeles — including its main commercial studio in West Hollywood and its North Valley studio in Pacoima — as the industry continues to grapple with the slowdown in film and television work.

The company will also close its operations in Atlanta ...Read more

Frederic J. Brown/Getty Images North America/TNS

US housing starts surge to highest level since December 2024

Business / Business News /

New residential construction in the U.S. rose in March to the highest level in more than a year as homebuilders boosted production despite ongoing affordability concerns.

Housing starts increased 10.8% to an annual pace of 1.5 million homes in March, the highest since December 2024, according to figures released Wednesday by the Census Bureau. ...Read more

Chuck Myers/TNS/TNS

America's bond-market privilege is disappearing as US debt soars

Business / Business News /

For much of the past few years, U.S. Treasuries have failed to serve their traditional role as a sure-fire refuge from global market meltdowns.

During the last three big ones — caused by the post-pandemic inflation shock, President Donald Trump’s tariff rollout and, more recently, his war on Iran — U.S. government bonds offered little ...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

San Diego is one of the few US markets where home prices are still rising

Business / Business News /

San Diego home prices haven’t risen much in the past year, but that growth is still more than most of the U.S.

The San Diego metropolitan area’s home price increased 0.53% annually in February, said the S&P Cotality Case-Shiller Indices report released Tuesday.

That ranks San Diego No.7 in the index after being first or second for much of ...Read more

Mickey Strand/ZUMA Press Wire/TNS

Workers at Wizards of the Coast, maker of Magic: The Gathering, to unionize

Business / Business News /

Game developers behind the popular trading card game Magic: The Gathering plan to unionize amid concerns over layoffs and a return-to-work mandate.

Employees with the Renton, Washington-based game studio Wizards of the Coast, which also owns tabletop role-playing game Dungeons & Dragons, announced Monday they are forming a union in affiliation ...Read more

Jane Tyska/Bay Area News Group/TNS

Bay Area refinery fined $3.25 million for air quality violations

Business / Business News /

SAN FRANCISCO — The Benicia-based Valero Refining Company been fined $3.25 million after authorities said the company committed more than 100 air-quality violations spread out over “multiple incidents” and “several years.”

The Bay Area Air District announced the penalties in a statement Tuesday.

According to the air district, Valero...Read more

K.M. Cannon/Las Vegas Review-Journal/TNS

Market is 'healthier' but Las Vegas revenue flat for Caesars Entertainment

Business / Business News /

Net revenues were flat and net income declined slightly for one of the Strip’s largest casino operators in the first quarter, as strong group and convention traffic helped offset softer leisure demand, top company executives said Tuesday.

Caesars Entertainment Inc. reported $1 billion in net revenue from its Las Vegas properties during the ...Read more

Ina Fassbender/AFP/Getty Images North America/TNS

Epic Games, creator of Fortnite, is laying off workers in San Diego and across California

Business / Business News /

Epic Games, the maker of Fortnite, a popular online game, has laid off 28 workers in San Diego as part of a broader cutback of more than 1,000 jobs in the U.S. that was announced in March.

The company cut about half of its San Diego workforce, according to a Worker Adjustment and Retraining Notification the company filed with the state on April...Read more

Alex Grichenko/Dreamstime/TNS

Before you go under the knife, this San Diego startup wants you to know what it'll cost

Business / Business News /

It’s easy to lose track of time playing “guess how much a C-section costs.” And women undergoing the procedure won’t have an answer until after the baby is delivered.

Turquoise Health, a San Diego health tech company, saw that problem and plastered sonograms across billboards and bus stops, accompanied by the phrase, “the biggest ...Read more

Dreamstime/Dreamstime/TNS

China's Meta backlash renders Manus Model 'officially dead'

Business / Business News /

The AI startup Manus, once hailed as a breakthrough that would challenge Silicon Valley’s dominance, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta Platforms Inc. to unwind its $2 billion takeover of the company.

With a chilling 54-character decree from the top state planner, Beijing ...Read more

Kevin Dietsch/Getty Images North America/TNS

Starbucks' quarterly profits surge, marking milestone in revival plan

Business / Business News /

A year and a half into a promised turnaround, Starbucks CEO Brian Niccol had some good news for investors on Tuesday. The Seattle-based coffee giant’s quarterly results beat estimates for profits and revenues.

In its second quarter, Starbucks posted sales of $9.5 billion, up nearly 9% from a year ago, while profits, which ...Read more

Ray Chavez/Bay Area News Group/TNS

This Bay Area cafe is open 24 hours. Owners want you to buy AI insurance

Business / Business News /

SAN FRANCISCO — At first glance, the coffee shop at the southwestern corner of this city’s Financial District stands out only because it is open 24 hours a day, seven days a week in a neighborhood known for going quiet at night.

Inside, however, those stopping by the Corgi Cafe may soon realize it is no ordinary latte vendor, but rather a ...Read more

Kim Hairston/Baltimore Sun/TNS

Can computers be godlike? ChatGPT weighs in

Business / Business News /

Faith leaders are increasingly asking AI for help in writing sermons and other areas of their work, but most agree that doing so raises questions. If divinity exists, for example, is machine intelligence capable of perceiving it? Is it equipped to handle moral questions? What theological framework does it possess, and does consulting it on ...Read more

DREAMSTIME/TNS

Darri Eythorsson: I built an AI trading platform in 6 days. That's terrifying

Business / Business News /

A few weeks ago, I sat down at my laptop and built a trading platform. It connects to three financial exchanges. It ingests news from RSS feeds, web searches, Reddit and Twitter. It uses a large language model to analyze markets, estimate probabilities and decide when the price is wrong. It sizes positions using the Kelly criterion. It manages ...Read more

Sean M. Haffey/Getty Images North America/TNS

Disney Cruise Line strikes groundbreaking agreement with San Diego that will deliver 1M passengers

Business / Business News /

In a major boon for San Diego County’s still rebounding cruise industry, Disney Cruise Line has inked a lucrative deal with the Port of San Diego that promises to deliver more than 1 million passengers over the next four years.

While Disney has been sailing out of San Diego since 2012, this latest agreement represents a huge commitment on the...Read more

Daniel Mears/The Detroit News/TNS

Dingell, Democrats urge Trump to keep Chinese autos out of US market

Business / Business News /

WASHINGTON — Ahead of a key U.S.-China meeting, several efforts are brewing on Capitol Hill to urge President Donald Trump to bar Chinese automakers from accessing the U.S. market.

One of those efforts, led by U.S. Rep. Debbie Dingell, entered the public eye Tuesday as she announced a letter from 73 House Democrats on the topic some two weeks...Read more

PATRICK T. FALLON/Getty Images North America/TNS

Costco offers new option for its $1.50 hot dog combo

Business / Business News /

The internet is blowing up over the first change to Costco’s $1.50 hot dog combo in 40 years. But don’t worry — the Issaquah, Washington-based big-box store isn’t budging on the price.

Shoppers who need respite from the chaos of the Costco checkout area can now opt for a 16.9-ounce bottle of Kirkland Signature water instead of a ...Read more

Fabrice Coffrini/AFP/Getty Images North America/TNS

Why all eyes are on AI spending at Microsoft and Amazon

Business / Business News /

Wednesday will be a busy day on Wall Street.

Just after the closing bell at 1 p.m. Pacific Time, four tech industry titans — Microsoft, Amazon, Meta and Google parent Alphabet — will report financial results for the first three months of the year. Though the companies each have different sets of revenue sources, sales growth among the cloud...Read more

Daniel Kim/The Seattle Times/TNS

T-Mobile ties up with Musk's Starlink for new business broadband

Business / Business News /

T-Mobile is teaming up with controversial billionaire Elon Musk's Starlink to launch a new business broadband network.

Dubbed SuperBroadband, the business internet option pairs T-Mobile's 5G Advanced network with Starlink, lauded as having "the world’s largest low-Earth orbit satellite fleet," per a news release Tuesday.

The partnership ...Read more

Anna Moneymaker/Getty Images North America/TNS

Paramount wants FCC to approve increased foreign ownership in Warner Bros. Discovery deal

Business / Business News /

Paramount Skydance has asked the Federal Communications Commission for permission to exceed foreign ownership rules for U.S. media companies to pave the way for its takeover of Warner Bros. Discovery.

David Ellison's media company is expecting to receive $24 billion from three Middle Eastern royal families, who would become part owners of the ...Read more