UPS and FedEx stock prices plunged Monday after Amazon announced plans to upend the shipping business by opening its shipping network to all comers.

Amazon, which has spent decades perfecting its vast logistics empire, launched Supply Chain Services on Monday, a program that will put it in direct competition with other shipping giants. The ...Read more

The world’s largest asset manager dismissed worries of an AI bubble and instead said that the industry is providing unrivaled opportunities to investors, in remarks Tuesday at the Milken Institute Global Conference.

Larry Fink, chairman and chief executive of BlackRock, said that despite concerns that AI is being hyped, there is legitimate ...Read more

Federal Communications Commission Chairman Brendan Carr has shown an ability to make a lot of noise at the government agency known in recent years to be a little sleepy.

But his April 28 announcement that the Walt Disney Co.'s eight ABC TV stations will undergo an early review of their broadcast licenses is his loudest action yet taken on ...Read more

The Cybertruck, Tesla's would-be competitor in the EV pickup truck market, has long since secured its place as the Edsel of the electric vehicle age.

It's been derided as unwieldy and ugly and unable to match other pickups in basic functionality. In the colorful take of Tesla critic Will Lockett, it's "the vehicular form of halitosis" and an "...Read more

LOS ANGELES — Paramount Skydance Chairman David Ellison defended his commitment to release 30 movies a year once his media company swallows Warner Bros. Discovery — a goal that some industry observers view as overly ambitious.

During a Monday call with analysts to discuss Paramount's first-quarter earnings, the tech scion said the target ...Read more

In 2014, Abhishek Abhyankar moved from Pune, India, to Blacksburg, Virginia, for graduate school. After getting his master’s degree, he made his way to Seattle, where he got a job, settled down and started a new life.

Today, he’s wondering if he’ll have to unravel it.

Abhyankar, one of hundreds of thousands of people on H-1B status in ...Read more

William Gould, one of the nation’s leading experts on employment, sees artificial intelligence as a “locomotive coming down the tracks” with countless jobs in its path. He offers one major takeaway: “We’re not ready.”

The Stanford University law school emeritus professor, who headed the U.S. National Labor Relations Board from 1994 ...Read more

Employers across the U.S. and Europe are increasingly relying on temporary workers to keep their businesses going, holding off on permanent hires because of economic instability and artificial intelligence-driven disruptions.

Staffing firms, in their latest earnings calls, said clients are turning to contractors as companies evaluate how AI ...Read more

WARREN, Ohio — An empty seven-story hospital, where things are so quiet that homeless people have set up camp outside the locked doors, is a scar on this community two years after the collapse of the hospital’s for-profit corporate parent in Texas.

Dallas-based hospital chain Steward Health Care System LLC filed for Chapter 11 bankruptcy in...Read more

Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company.

An Elon Musk revocable trust would pay the penalty to end the SEC’s lawsuit under the plan, which is still subject to court ...Read more

OpenAI co-founder and President Greg Brockman testified that his stake in the startup is now worth almost $30 billion, prompting an attorney for Elon Musk to ask why he had not donated the bulk of his earnings to the ChatGPT maker’s nonprofit foundation.

After Brockman disclosed his stake in OpenAI — which makes him one of the largest ...Read more

Teenagers aren’t turning their backs on college — but they are rethinking what “college” actually means.

And they’re doing it at a moment when the value of higher education itself is under fresh scrutiny.

Earlier this month, a committee at Yale University warned that colleges and universities share responsibility for a growing ...Read more

The U.S. Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a shrinking cattle herd.

Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the agency would seek to move rapidly.

“There is a lot of ...Read more

WINONA, Minnesota — Ron Passe retired from Fastenal in 2024 and said he has a comfortable lifetsyle thanks to dividend payments he receives on company stock he acquired throughout his years there.

Sporting a hat he bought during a recent trip to Ireland, he attended the company’s annual meeting, like he has since he retired.

“I was too ...Read more

When Adriana Gomez-Weston first got the offer for her current job in Seattle, she was ecstatic.

Working for the catering company Compass, she estimated that she'd make around $60,000 a year before taxes. That sounded high compared with the average income in North Carolina, where Gomez-Weston, 33, grew up.

I thought that would be a lot of money...Read more

Rivian Automotive has attracted die-hard fans by building a battery-powered truck with enough muscle for off-roading as well as the acceleration and suspension to comfortably glide through city streets. Its little brother — a company called Also — is trying to do the same for e-bikes.

The Palo Alto company wants to reinvent the battery-...Read more

California regulators are seeking to suspend State Farm's license for up to a year and levy millions in penalties against the insurer, alleging it mishandled January 2025 wildfire claims in Los Angeles County.

The Department of Insurance announced Monday it filed an administrative action against the state's largest home insurer after an ...Read more

Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.

The airline filed a motion on Monday requesting to wind down operations, after ceasing all ...Read more

SAG-AFTRA and the Alliance of Motion Picture and Television Producers have landed on a new tentative contract.

The actors union's new agreement with the trade group that negotiates with Hollywood unions on behalf of the major studios will reportedly improve AI protections and boost the guild's pension fund. Similar to the pact the Writers Guild...Read more

GameStop Corp. is trying to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.

The gaming retail chain has offered $125 per share in cash and stock for the online marketplace, or about a 20% premium to its Friday close. GameStop, which built a roughly ...Read more