Anduril Industries, one of the leading defense companies in Southern California, will expand in Long Beach with a new $1 billion complex near the city's airport.

Anduril is developing new defense technologies that include drones, missiles, robotic submarines, and autonomous fighter jets. The Long Beach operation will include offices for ...Read more

The federal government has given General Motors Co. and Ford Motor Co. conditional approval to create industrial banks that will allow the companies to accept insured deposits for vehicle purchases.

The automakers have a year to set up GM Financial Bank and Ford Credit Bank, respectively, which both are chartered out of Salt Lake City, Utah. ...Read more

TikTok and its Chinese parent ByteDance Ltd. have closed a long-awaited deal to transfer parts of its U.S. operations to American investors, securing the popular video app’s future in the U.S. and avoiding a nationwide ban.

The social media company has officially established a U.S. entity with three managing investors: Oracle Corp., private ...Read more

When billionaire venture capitalist Vinod Khosla publicly branded Rep. Ro Khanna a “commie comrade” over the weekend, it was more than a personal jab — it was a sign of how fiercely a new proposal to tax California’s billionaires is dividing Silicon Valley and the state’s political class.

The proposal, which would impose a one-time �...Read more

LANSING, Michigan — The U.S. Department of Justice is suing the state of Michigan over its prohibition on eggs laid by caged hens, arguing it is the responsibility of the federal government alone to regulate eggs bought and sold over state lines.

In a lawsuit filed Thursday, the Trump administration named the state of Michigan, Attorney ...Read more

Target Corp. was hoping for a fresh start with a new chief executive officer, but an immigration crackdown in its hometown Minneapolis is putting the retailer back in a familiar position: confronting a political maelstrom that’s disrupting operations.

After immigration officials briefly detained two Target employees who are U.S. citizens from...Read more

Businesses across Minnesota will shutter temporarily Jan. 23 as part of an economic blackout intended to show support for immigrant workers, customers and neighbors who have been the target of federal agents.

The “ICE Out! Statewide Shutdown” is calling for Minnesotans to skip work, school and shopping Friday. Hundreds of small businesses, ...Read more

3M has completed its goal of phasing out “forever chemical” manufacturing by the end of 2025, company officials say.

The Minnesota-based company had announced in December 2022 it would discontinue the manufacture of PFAS in three years.

By ending production of the family of chemicals — prized for their durability, heat resistance and ...Read more

President Donald Trump sued JPMorgan Chase & Co. and its chief executive officer, Jamie Dimon, for at least $5 billion over allegations that the lender stopped offering him and his businesses banking services for political reasons.

The complaint, filed Thursday, accuses the bank of trade libel and breach of implied covenant of good faith. It ...Read more

General Motors Co. will onshore production of the Buick Envision from China to Kansas, the Detroit automaker confirmed Thursday.

Production of the next-generation compact SUV is slated for 2028 at the Fairfax Assembly & Stamping plant in Kansas City. The move comes as President Donald Trump pushes for increased U.S. manufacturing by taxing ...Read more

If the proposed California Billionaire Tax Act qualifies for the November ballot and voters approve it, California residents worth more than $1 billion as of Dec. 31, 2025, would face a new 5% one-time tax on their net worth.

Here are Bay Area residents Forbes’ real-time billionaire tracker listed at $1 billion or more on that date:

•Larry...Read more

A new lawsuit alleges Zillow used its monopoly power to charge high referral fees and pressured agents to channel homebuyers into its lending business.

The lawsuit filed Friday in the U.S. District Court for the Western District of Washington comes as Zillow defends itself against other lawsuits filed by homeowners alleging similar practices.

...Read more

There’s a theory — maybe call it a conspiracy theory? — that the reason Nevada gaming win is up despite visitation being down is that the state’s slot machines are taking more money than they’re legally allowed.

But Nevada regulators say not only is that virtually impossible, but that casinos would be foolish to even attempt it.

By ...Read more

Residential sales were up and prices were down in December as the South Florida real estate market continues to favor buyers.

Sales of both condos and single-family homes were up in Miami-Dade and Broward counties last month compared to the previous December, according to data from the Miami Association of Realtors. Total sales in Miami-Dade ...Read more

As artificial intelligence threatens to upend job markets in countries around the world, Nvidia Corp. Chief Executive Officer Jensen Huang brushed off longer term concerns and made the case that skilled vocational workers are seeing increasing demand now.

Plumbers, electricians and construction workers are going to be able to command “six-...Read more

Employees at Comerica Inc. are experiencing layoffs as a $10.9 billion acquisition is being finalized between the Detroit-founded bank and Cincinnati-based Fifth Third Bank.

Several LinkedIn posts report layoffs from various corporate positions in Michigan and other states.

Tawene Cooper, a former marketing specialist based in Georgia, posted ...Read more

Michigan battery maker Our Next Energy laid off 29 employees earlier this month after its largest electric vehicle customer "suddenly and unexpectedly cancelled its contract," the company told state employment officials.

The Novi-based firm said in a notice to Michigan's employment agency that it laid off engineers, managers, technicians and ...Read more

Phones used to ship with a lot of accessories that usually included headphones, a charging cable and a USB wall charger.

Today, phones ship with a charging cable and that’s about it, so you’re on your own for a wall charger. A lot of people will just go with whatever charger they happen to have tucked away in their junk drawer, but chances ...Read more