Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote Tuesday, sending cryptocurrency stocks tumbling after a major setback for industry.

The long-stalled legislation sought by crypto firms would hand the Commodity Futures Trading Commission the primary authority to regulate the digital assets ...Read more

The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank.

That’s likely to strain Chairman Kevin Warsh’s relationship with President Donald Trump.

Officials have held their benchmark ...Read more

Universal Music Group is suing digital music distributor DistroKid, alleging the company spreads "AI-generated 'slop' that siphons revenue and listeners from the legitimate artists and rightsholders."

The major record label accuses DistroKid of both "deceptive trade practices and blatant copyright infringement," according to a complaint filed ...Read more

Legislation that will extend mortgage relief to victims of the January 2025 Los Angeles County wildfires and establish a similar permanent program for disaster victims statewide was signed into law Tuesday by California Gov. Gavin Newsom.

The mortgage forbearance bills by Assemblymember John Harabedian, D-Pasadena, who represents the devastated...Read more

Here are two safe predictions about the “national freakout” over artificial intelligence, as the Wall Street Journal called it this weekend.

First, AI isn’t going to kill us. And even if it were, the government wouldn’t save us.

Public perceptions about AI, as I wrote last week, took many leaps this summer. But they turned apocalyptic ...Read more

DETROIT — The style and workwear durability of Carhartt, another iconic Motor City brand, is coming to Ford Motor Co.'s flagship F-150 for the 2027 model year.

Building off their shared heritage as family-influenced brands with century-plus roots in the Motor City, the Dearborn-based companies unveiled the pickup on Tuesday. Similar to the ...Read more

Chicago aldermen say they are close to sweetening the deal on the city’s infamous parking meter privatization by prying key concessions from the system’s prospective new buyer.

A group of aldermen announced Tuesday that they have agreed with Stonepeak Partners on a deal under which the city would receive a $75 million lump payout and get 5%...Read more

OpenAI is working on steps to address artificial intelligence safety issues with its top competitors Anthropic PBC and Google DeepMind, escalating industry efforts to respond to a groundswell of concern that the technology poses an economic and security threat.

Chris Lehane, the global policy chief for OpenAI, said Tuesday that the company’s ...Read more

LANSING, Michigan — United Auto Workers President Shawn Fain blasted the idea of the federal government allowing a Chinese company to manufacture cars in the United States, something President Donald Trump recently suggested might be possible.

At a UAW conference on Sept. 15 in downtown Lansing, Fain said Trump's comments represented "a slap ...Read more

When Dennis Wilke took the helm of Rosedale Technical College 21 years ago, the Kennedy Township, Pennsylvania, school offered three programs and enrolled primarily lower-income students.

The college has since added six new programs, all of which are in high demand and growing. This past school year, Rosedale Tech reported its highest ...Read more

An AI researcher who recently resigned from Google DeepMind warned humanity is running out of time to prevent artificial intelligence from causing widespread harm, the latest staffer to voice concerns about the direction of the technology.

“At Google, I witnessed AI development first hand. I too am extremely concerned by the default ...Read more

The Northwest is preparing for its largest grid build-out in decades to meet a historic surge in electricity demand, expected to cost billions of dollars.

The problem is, nobody really knows how big it needs to be.

The region could need between 40% and 100% more electricity in the next two decades, according to the Northwest Power and ...Read more

LOS ANGELES — Paramount Skydance Chief Executive David Ellison faces a pivotal decision: Should he uproot his Hollywood studio — the birthplace of such film classics as "Sunset Boulevard," "The Godfather" and "Beverly Hills Cop"?

Paramount floated shifting its home base to Tennessee or Texas in July, hoping to deter California Attorney ...Read more

The U.S. 10-year Treasury yield surpassed 5% for the first time since 2023 on Monday, as mounting inflation angst collided with swelling government and corporate borrowing needs.

The yield, a benchmark for U.S. mortgage loans and bonds globally, rose almost 5 basis points to as high as 5.01%, before paring much of the increase as buyers emerged...Read more

Artificial intelligence stocks tumbled on Monday after American leaders of the AI revolution called for a coordinated slowdown in building more powerful AI systems.

Over the weekend, Dario Amodei, the chief executive of Anthropic, published an essay titled "We Must Pace the Frontier," calling for an industrywide effort to slow AI development. ...Read more

As top artificial intelligence labs call for a slowdown in the development of the technology, Microsoft released a code of conduct for how it plans to clamp down on its own AI models.

“At Microsoft AI, we begin with a simple premise: people matter more than AI,” the company said in a Monday blog post.

Microsoft AI CEO Mustafa Suleyman told...Read more

A push by the cryptocurrency industry to pass a monumental piece of federal legislation has run into a small, but loud, foe: an army of rural community banks.

Randy Dorn, who leads My Kind of Bank in the small northwest Minnesota town of Battle Lake, is among them and said the legislation as written will create unfair competition for banks like...Read more

For Mark Carney, walking away from trade talks with U.S. President Donald Trump was politically popular. Now Canada’s leader has to contend with a more difficult economic reality.

The new 50% tariffs on $20 billion of Canadian goods will hammer many small- and medium-sized businesses, including family firms, that up to this point have been ...Read more

Summit Brewing Company’s lender has begun foreclosure action against the brewery.

BMO Bank has requested the appointment of a general receiver over the St. Paul, Minnesota, business and its assets.

According to Ramsey County Court documents, Summit took out loans that totaled more than $8 million in 2024 as the craft brewing bubble began to ...Read more