Social media giant Meta said it's cutting more than 1,000 workers and closing several content studios as it focuses its efforts on artificial intelligence-powered wearables such as smart glasses.

The reductions are within Meta's Reality Labs division where employees work on the metaverse, digital spaces where people socialize, work, learn and ...Read more

DETROIT — Former U.S. Transportation Secretary Pete Buttigieg said Tuesday that the artificial intelligence powering self-driving vehicles is now "safer" for passengers than human hands behind the wheel, and he predicted more Americans will become one-car families as the technology is widely adopted.

Buttigieg made the prediction during a ...Read more

WASHINGTON — The Federal Trade Commission finalized an order Wednesday against General Motors Co. that will ban the company from disclosing consumers’ geolocation and driver behavior data to consumer reporting agencies for five years.

The agency said in a news release that GM "collected, used, and sold consumers’ precise geolocation data...Read more

Maryland and other states have settled with Capital One for $425 million after the bank was found to have used deceptive practices and misleading language for its 360 Savings accounts, according to the Office of the Maryland Attorney General.

The $425 million settlement is a revised agreement stemming from a complaint about Capital One’s 360 ...Read more

Verizon customers experienced a mobile service outage across the nation on Wednesday.

More than 180,000 unconfirmed reports were made to Downdetector, peaking in the early afternoon. The hotspot map showed most of the reports coming from New York City, Chicago and Portland, Oregon.

The network status section of the Verizon website appeared to ...Read more

Apple Inc. announced a new subscription bundle of creative apps called Creator Studio, an attempt to give its photo- and video-editing software fresh momentum in the face of intensifying competition.

The bundle, announced Tuesday, includes Final Cut Pro, Logic Pro and Pixelmator Pro, among others, and will be available Jan. 28 for $12.99 per ...Read more

Who's going to pay for the artificial intelligence boom?

As tech titans invest billions into data centers and high-tech computer chips to fuel their AI ambitions, concerns are building over energy costs, especially in communities where data centers pop up.

Microsoft says it will pay its own way.

The Redmond-based tech giant on Tuesday ...Read more

President Donald Trump expressed indifference toward the North American trade agreement with Canada and Mexico, portending a lengthy renegotiation of the U.S.’s largest free-trade pact.

Trump on Tuesday said there’s “no real advantage” to the U.S.-Mexico-Canada Agreement, which he signed in 2020 and is subject to a review this year. He ...Read more

Glenn Kelman is stepping down after more than 20 years of serving as Redfin’s CEO.

“I gave it my all! Leaving was my decision. I love my colleagues. We saved consumers a billion dollars in commissions. I hope to use all that I learned to do something as good as Redfin, in a different field,” Kelman wrote in a LinkedIn post Tuesday.

His ...Read more

A Starbucks employee has been fired after the Los Angeles County sheriff raised concerns about a disposable coffee cup with a hand-drawn pig on it was served to one of the department's deputies.

The deputy who received the drawing said in a post on his private Instagram account that he had stopped at a Starbucks location in Norwalk to get some ...Read more

DETROIT — Off-roading is a strategic bet for Ford Motor Co. to boost sales and attract younger buyers, even as forecasts predict vehicle affordability concerns could shrink the U.S. market this year.

Off-road performance trims like Raptor and Tremor account for more than 20% of Ford's U.S. mix, up from 7% pre-pandemic. The industry-wide $7 ...Read more

Macy’s announced it is closing its longest-operating store in San Diego County, its anchor department store in La Mesa’s Grossmont Center.

The closure is one of two planned for California and 14 planned across the country in 2026, as part of a continued restructuring that the company, founded in 1858, has dubbed its Bold New Chapter.

Its ...Read more

DETROIT — Just before President Donald Trump hit the stage Tuesday at MotorCity Casino to promote his economic policies, a trio of economic and business leaders sat in the same theater and expressed a lukewarm — and at times pessimistic — view on the trajectory of Michigan's economy.

"There's so much uncertainty, and that's the key word,"...Read more

Minneapolis-based U.S. Bancorp announced Jan. 13 that it plans to buy investment banking firm BTIG for up to $1 billion in a strategic move meant to expand client services.

U.S. Bank counts as customers more than 90% of Fortune 1000 businesses, which will now be exposed to BTIG’s services.

Stephen Philipson, U.S. Bancorp’s head of wealth, ...Read more

DETROIT — The Detroit Auto Show is not quite the wild spectacle it once was — gone are the flashy vehicle reveals that involved shattering a glass window or herding cattle, no longer is there the crush of 5,000 global journalists or public attendance figures that sometimes approached 1 million people.

But organizers believe the Huntington ...Read more

DETROIT — Advocates, along with actress and activist Jane Fonda, held a Friday press conference calling for a raised minimum wage for all Michigan workers nearly a year after state lawmakers approved a compromise minimum wage law.

The event, held by the national group One Fair Wage, took place at Yum Village, an Afro-Caribbean restaurant in ...Read more

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features.

Affected employees will be notified of the layoffs starting Tuesday morning, according to an internal post from Chief ...Read more

Despite a year of trade volatility and unprecedented tariffs, the Port of Long Beach handled a record amount of cargo in 2025 and expects growth to accelerate.

Under the leadership of a new chief executive, Noel Hacegaba, the second-busiest port in the U.S. plans to invest to be ready to double the cargo it processes by 2050. That's also the ...Read more

When McDonald’s brought back its cult-favorite McRib to Chicago and a handful of other markets for a limited run in November, it set off a media frenzy and a mad dash to the Golden Arches for fans of the sporadic sandwich.

But the return of the McRib also precipitated a class action lawsuit alleging that the sandwich – so beloved it has a ...Read more