Hormel Foods is branching into a new — and wildly popular — meat category with a deal to acquire a chicken company for more than $1 billion.

The Austin, Minnesota-based meatpacker is buying Brakebush Brothers, whose portfolio includes pre-prepared breaded tenderloins, chicken breasts and nuggets.

Hormel already sells protein staples such ...Read more

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released ...Read more

Anthropic disclosed that its advanced artificial intelligence technology poses "existential risks to humanity" in an initial public offering document.

As the company prepares for the largest listing in history at $2 trillion, its IPO prospectus has been circulated among investors and viewed by Reuters and other news outlets.

This comes after ...Read more

A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111 billion acquisition of Warner Bros. Discovery.

Ellison is aiming to finalize the merger by next week, capping his meteoric rise into one of Hollywood’s most influential figures. The Ellison family claimed ...Read more

Touting his love for movies, Sen. Tim Scott, R-South Carolina, said he decided to co-sponsor legislation to create a federal film and television tax credit because it would help boost U.S. blue-collar jobs and provide more diversity in how America is portrayed on screen.

Scott is leading the legislative effort in the U.S. Senate alongside Sen. ...Read more

WASHINGTON — Millions of light-duty trucks spanning more than 100 nameplates will soon be recognized as passenger cars thanks to a regulatory overhaul by the Trump administration.

The planned shift for model year 2030, according to regulators, could push automakers to offer fewer unnecessary features and improve fuel economy for wallet-...Read more

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released ...Read more

Mattel is getting a new chief executive, as the company behind Barbie has struggled to turn its toy business into a movie business.

The El Segundo company is set to be led by Roger Lynch, who is stepping down from his role as chief executive at the publisher Condé Nast after more than 7 years with the company. Lynch has served as a Mattel ...Read more

U.S. gasoline supplies fell to the lowest level in 12 years, flashing a warning sign for higher pump prices as a global refining crisis pushes up fuel bills.

Stockpiles of gasoline dropped to 204 million barrels last week, according to U.S. Department of Energy data released Wednesday. That’s the lowest since November 2014. In the Midwest, ...Read more

Technology keeps promising to do more. A growing number of consumers want it to do less. Even as artificial intelligence becomes more powerful and pervasive, Google search data show a 5,000% increase year over year in queries for “analog hobbies” — like knitting, water coloring or playing an instrument — and an 850% increase in searches ...Read more

In an effort to stem the unrelenting surge in gasoline prices, Gov. Gavin Newsom has instructed state officials to switch to the lower-priced winter blend of fuel one month earlier than normal.

Fuel analysts say the winter blend is generally about 30 cents a gallon cheaper than the summer mixture.

Although it takes weeks for major price ...Read more

DETROIT — The U.S. economy is facing persistent inflation, geopolitical uncertainty and a surge in investment tied to artificial intelligence, Federal Reserve Governor Michael Barr said Tuesday.

Speaking to the Detroit Economic Club at The Masonic, Barr said the U.S. economy has shown resilience through a series of disruptions, with real ...Read more

Kaiser Permanente will layoff 147 business and administrative employees across California in November, the health giant said.

The job cuts include 16 different Kaiser locations in Los Angeles, Orange, San Diego, Riverside and Alameda counties, according to a state employment report.

The biggest reductions: 20 positions at an administrative ...Read more

Boeing Co. beat Northrop Grumman Corp to produce the Navy’s next Top Gun fighter jet, the stealthy and still classified F/A-XX, the Pentagon announced today.

The award was the second major fighter jet program Boeing won this year. It beat Lockheed Martin Corp. in March for the Air Force’s stealth F-47, an award President Donald Trump ...Read more

Six years after COVID-19 transformed the way Americans work, the pendulum is swinging back toward the office.

The pandemic forced companies to send employees home almost overnight, transforming remote work from a perk enjoyed by a handful of workers into a necessity for much of the white-collar workforce.

As the health threat from COVID-19 has...Read more

President Donald Trump shot down the idea of new federal regulations on artificial intelligence after meeting at the White House with top industry executives amid growing global concerns over threats posed by the technology.

In lieu of new rules, Trump and the executives agreed on a framework where they would partner with outside auditors to ...Read more

The mothers of two Chester, Pennsylvania, kids who were struck and killed by a train in 2023 are accusing their former attorneys of botching their wrongful death lawsuit against Amtrak.

Jahaad Atkinson, 9, and Ah’Yir Womack, 12, were walking on the railroad tracks and hit by a southbound Acela train. Amtrak operators knew people had been on ...Read more

Consumer Reports said it no longer recommends any brand of e-scooter, citing higher top speeds for the popular vehicles and a sharp nationwide increase in rider injuries.

In 2017, about 10,500 people were injured on e-scooters, and by 2024 there were nearly 80,000 injuries — a jump of 662%, according to the U.S. Consumer Product Safety ...Read more