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Fed cuts rates with three dissents, projects one cut in 2026

Business / Business News /

Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater...Read more

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Ford, Renault partner for EVs, explore commercial collaboration

Business / Business News /

Ford Motor Co. will develop two passenger electric vehicles for Europe with French rival Renault SA, and the two automakers will explore collaboration on light commercial vehicles.

The companies announced the partnership on Tuesday after the European Commission delayed a meeting scheduled this week to advance an automotive package that could ...Read more

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AI slop ad backfires for McDonald's

Business / Business News /

People aren't lovin' it.

McDonald's was forced to pull down an AI-generated Christmas commercial from YouTube after some consumers said the AI-slop-filled tongue-in-cheek take on the holidays was distasteful.

The ad, titled "It's the most terrible time of the year," was a satirical take on holiday realities. It showed a series of short, ...Read more

Why the Bay Area is key to the new US push to win the international AI race

Business / Business News /

Bay Area laboratories are set to play a central role in the Genesis Mission, a multibillion-dollar effort by the Trump administration to accelerate the nation’s artificial intelligence push in the face of technological advances in China.

The involvement of Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory and the ...Read more

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Tech review: Last call for Christmas tech gift ideas

Business / Business News /

This last Christmas gift guide is concentrated on gifts for the person with a home office or computer desk.

There are gifts here for all ages and price ranges.

I especially loved trying out the reMarkable tablet and the Pitaka case.

Terramaster F4-425 4-Bay NAS

If you have a household full of computer users, chances are you could benefit ...Read more

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Fiat is bringing this tiny city car to the US

Business / Business News /

The Fiat Topolino, a pint-sized city car made for navigating narrow and congested European streets, is coming to the land of oversized pickups and SUVs, brand CEO Olivier Francois says.

Fiat recently showed off the electric two-seater that maxes out at 28 mph at auto shows in New York and Los Angeles, Greenwich, Connecticut's Concours d'...Read more

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SpaceX to pursue 2026 IPO raising far above $30 billion

Business / Business News /

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time.

The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would ...Read more

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Boeing's monthly deliveries dip in November

Business / Business News /

Boeing delivered 44 planes in November, a dip from the past five months but higher than its usual November rate, the company said Tuesday.

Over the past five years – which have been marked by the fallout from two fatal 737 MAX crashes, the COVID-19 pandemic and a near-catastrophic panel blowout on an Alaska Airlines 737 MAX – Boeing has ...Read more

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Holiday shipping deadlines: When to ship your gifts this year so they arrive on time

Business / Business News /

Time is running out for you to ensure your shipped gifts arrive on time for such end-of-the-year celebrations as Christmas, Hannukah and Kwanza.

Mail carriers say they're more than prepared to handle the increased volume in deliveries — but only if you get postage on your packages and ship them quickly.

With automation and AI-driven ...Read more

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Women are now leaning out in the workplace, Sheryl Sandberg says

Business / Business News /

After years spent leaning in to get ahead at work, professional women are leaning out.

Women are less interested than men in getting promoted to the next level, reversing a decade-long trend, according to a new study released Tuesday by advocacy group LeanIn.org and consultant McKinsey & Co. Some 69% of entry-level women, 82% of mid-career, and...Read more

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US farmers say $12 billion bailout won't end industry slump

Business / Business News /

U.S. growers say the Trump administration’s $12 billion aid package brings temporary relief, but is unlikely to kickstart a lasting recovery for the American farm economy.

President Donald Trump on Monday unveiled a package to a key base of support that includes as much as $11 billion in one-time payments to crop farmers who have been hit ...Read more

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US job openings rise to five-month high, but layoffs also up

Business / Business News /

U.S. job openings picked up in October to the highest level in five months, though less hiring and more layoffs pointed to a continued slowdown in the labor market.

The number of available positions rose slightly to 7.67 million in October from 7.66 million in the prior month, according to Bureau of Labor Statistics data published Tuesday. ...Read more

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Paramount ups battle for Warner Bros. with hostile bid

Business / Business News /

The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt.

The bid compares with Netflix’s ...Read more

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Paramount launches hostile $78 billion bid for Warner Bros., with backing from Trump's son-in-law

Business / Business News /

Paramount is refusing to accept defeat in the Warner Bros. Discovery auction, launching a $78 billion hostile takeover of its rival Monday after being spurned last week in the bidding.

The move comes four days after Warner’s board unanimously selected Netflix as the winner.

Paramount has beefed up its offer with backing from Middle Eastern ...Read more

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With surging auto debt and repos across US, car-dependent Miami feels the pain

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Car purchases are driving Americans into unprecedented levels of auto debt, according to a recent report.

Americans owe $1.66 trillion in car-related debt, the Consumer Federation of America found. That amount is nearly equal to Spain’s entire economy and amounts to roughly 6% of the United States’ GDP.

And in Miami, where residents spend ...Read more

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Boeing completes acquisition of key supplier Spirit AeroSystems

Business / Business News /

More than two decades after Boeing sold its Wichita, Kansas, plant, the aerospace manufacturer has finalized a deal to bring it back in house.

Boeing said Monday it had reacquired Spirit AeroSystems, the Wichita-based supplier that builds the entire fuselage for the 737 Max, as well as the forward fuselage for other Boeing commercial planes and...Read more

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New details emerge as Amazon pushes 'Project Peregrine' delivery service

Business / Business News /

Amazon's newly launched 30-minute delivery service is up and running in the Seattle area and may extend further into the city's Eastside suburbs, permit filings show.

Though Amazon may never be able to teleport items directly to a customer's doorstep, the company is on a mission to shave down the time it takes to fulfill an order.

Amazon has ...Read more

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Car prices are going up, but how much of it is from tariffs?

Business / Business News /

New car prices didn’t spike after President Donald Trump announced sweeping tariffs in the spring, as some experts and dealers projected.

But prices on many models are now pushing notably higher — and analysts said carmakers recouping Trump's higher import costs is a key factor.

Consider a recent analysis that found automakers are ...Read more

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Paramount makes hostile bid for Warner Bros. at $30 a share

Business / Business News /

The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc.

The bid tops Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for the entirety of...Read more

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The economy is dragging, but the stock market is thriving. Why?

Business / Business News /

From jobs to housing to grocery prices, the U.S. economy has been weakening for months.

But the stock market is telling a different story, thanks to a handful of companies called the Magnificent 7: Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla.

These tech giants — which deal in everything from e-commerce to software to chip ...Read more