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Xbox layoffs hit hundreds in WA again

Business / Business News /

Microsoft is laying off about 300 Washington-based employees, among about 450 companywide, as part of ongoing efforts to reset its gaming division.

The Redmond-based tech giant told employees Tuesday morning that it was cutting roles that would mostly fall under the Xbox banner. Across the company, 268 gaming employees were let go.

The move ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Caesars shareholders vote Tuesday on Tilman Fertitta's $17.6B deal. What to know

Business / Business News /

Caesars Entertainment Inc. shareholders will vote Tuesday on whether to approve Tilman Fertitta’s proposed $17.6 billion acquisition of the casino company.

The special shareholder meeting is scheduled for 9 a.m. at the Eldorado hotel-casino in Reno.

The proposed transaction would pay Caesars shareholders $31 per share in cash. The ...Read more

Henry Payne/The Detroit News/TNS

Truck wars: Fifth-gen GMC Sierra gains tech, power

Business / Business News /

DETROIT — The GMC Sierra 1500 pickup truck is back for its fifth generation with more tech, power and swagger.

Like sibling Chevrolet Silverado’s fifth-generation unveiling in June, the Sierra offers up to 60 inches of screens, pushrod V8-engine displacement upgrades, and a new front fascia with mid-mounted headlights. As General Motors Co....Read more

Ming Yeung/Getty Images North America/TNS

How iPhone users can file to get up to $95 from a $250 million settlement

Business / Business News /

People who bought certain iPhone models can start submitting claims to get paid as part of a $250 million settlement resolving legal claims that Apple misled consumers about the capabilities of its artificial-intelligence-powered features.

Some iPhone users could be eligible for a cash payment of $25 per device, which could increase to $95 per ...Read more

Mohamed Ahmed Soliman/Dreamstime/TNS

Meta's new Muse AI app tops charts, draws strong reviews

Business / Business News /

Meta Platforms Inc.’s new artificial intelligence agent, Muse, has quickly risen to the top of mobile app charts, a sign that the social media company is gaining traction in the increasingly crowded market for consumer AI assistants.

Muse is ranked the No. 1 free app on the U.S. Apple Inc. iOS App and Google Play stores as of Monday. The ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Most firms keep cash from tariff refunds, Fed study finds

Business / Business News /

The bulk of companies receiving billions in tariff refunds are mostly holding on to the cash, according to a survey released Monday by the Federal Reserve Bank of Atlanta.

Of the more than 1,100 C-suite executives surveyed in August as part of the Atlanta Fed’s Survey of Business Uncertainty, roughly a quarter said they had either received a ...Read more

Breana Noble/The Detroit News/TNS

Fed's Goolsbee says road to 2% inflation may not be painless

Business / Business News /

Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.

“Supply shocks have come more frequently, hit harder and lasted longer,” Goolsbee said Monday at an event in London. “And once supply shocks to ...Read more

Bai Xueqi/Xinhua/ZUMA Press/TNS

China, US discuss AI, investment on second day of trade talks

Business / Business News /

Chinese and U.S. officials wrapped up their second day of talks in New York on Monday to discuss artificial intelligence, investment and trade as they sought to advance negotiations ahead of President Xi Jinping’s visit to the U.S. this week.

Talks on Monday focused on delivering on what’s been agreed by the U.S. and Chinese lead ...Read more

Dipankar Bhakta/Dreamstime/TNS

Boeing allowed to keep making 777 freighter despite climate rules

Business / Business News /

The Federal Aviation Administration last week granted Boeing’s 777 freighter a few more years of production, waiving looming emissions requirements for up to 35 new aircraft.

Without that exemption, Boeing would have had to sunset production of the 777 freighter in 2028 because the cargo plane would not meet emissions standards set to take ...Read more

Eric Thayer/Los Angeles Times/TNS

Paramount, attorneys general settle lawsuit, clearing a path for Warner Bros. merger

Business / Business News /

California Attorney General Rob Bonta and Paramount Skydance Chief Executive David Ellison have reached an agreement to end the state’s antitrust fight, paving the way for Ellison to complete his $111 billion purchase of Warner Bros. Discovery, Bonta and Paramount confirmed Monday.

The two sides have agreed to resolve antitrust claims that ...Read more

David Maialetti/The Philadelphia Inquirer/TNS

Will AI save or destroy us? At Pittsburgh summit, tech leaders shift between hope and despair

Business / Business News /

Artificial intelligence promises a vastly different future as it actively disrupts the present — but the problem, and fear, is that no one seems to know what that future will be.

There’s a world where AI does all the things humans desire:

A world where disease is eradicated as technology accelerates scientific breakthroughs. Where every ...Read more

ThredUp/ThredUp/TNS

How California tech turned thrifted clothes into fashion's hottest status symbol

Business / Business News /

Thrifted clothes have become an unlikely fashion flex for Hollywood's haute couture hoarders and other trend-setters.

California companies have propelled this movement, turning what was once an old-fashioned way to save money into a booming industry at the cutting edge of style.

The secondhand clothing market grew 20% to more than $240 billion...Read more

MARTIN LELIEVRE/AFP/Getty Images North America/TNS

Missouri AG orders Kalshi, Polymarket to stop operating prediction markets here

Business / Business News /

The Missouri Attorney General’s office is cracking down on prediction markets that compete with the state’s licensed sports betting operators — and don't pay state taxes on the bets.

Attorney General Catherine Hanaway’s office announced Friday that it has sent cease-and-desist letters to companies like Polymarket, Kalshi and Robinhood, ...Read more

Eric Thayer/Los Angeles Times/TNS

Paramount, attorneys general settle lawsuit, clearing a path for Warner Bros. merger

Business / Business News /

California Attorney General Rob Bonta and Paramount Skydance Chief Executive David Ellison have reached an agreement to end the state's antitrust fight, paving the way for Ellison to complete his $111 billion purchase of Warner Bros. Discovery, said a person familiar with the matter.

The two sides have agreed to resolve antitrust claims that ...Read more

Myung J. Chun/Los Angeles Times/TNS

Paramount, California settlement talks accelerate, potentially moving Warner Bros. merger closer

Business / Business News /

After a bitter standoff, Paramount Skydance and California Attorney General Rob Bonta have made progress in settlement talks that could push Hollywood’s massive merger over the finish line, people familiar with the matter said Friday.

The two sides have quietly been negotiating a truce to end the antitrust lawsuit brought by Bonta and 11 ...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Auto groups urge Trump to keep out Chinese vehicles ahead of Xi visit

Business / Business News /

WASHINGTON — The U.S. automotive industry's top trade groups are urging President Donald Trump to "keep the door firmly shut" on Chinese automakers seeking to sell or build vehicles in the United States.

"Chinese automakers have zero market share in the U.S. Allowing them to open a domestic facility would provide a foothold in the U.S. market...Read more

Ken Lambert/The Seattle Times/TNS

Starbucks settles Florida lawsuit over its DEI efforts

Business / Business News /

Starbucks agreed on Thursday to settle a Florida lawsuit over claims that its diversity efforts amounted to discrimination under state law.

At the height of corporate diversity efforts in 2020, the Seattle-based coffee giant announced a goal to have people of color in at least 30% of roles in corporate operations and 40% of retail and ...Read more

Michael Tercha/Chicago Tribune/TNS

Michael Hiltzik: Why are workers feeling so stressed? Maybe because labor's share of the economy is at a record low

Business / Business News /

There was a brief moment at the tail end of the pandemic, already forgotten, at which it seemed that American workers had finally grasped the reins of power, with wage gains rising and organizing strength entering a new era.

The moment is forgotten today because whatever leverage labor thought it had acquired evaporated rapidly. And recently it...Read more

Justin Enriquez/The Minnesota Star Tribune/TNS

Meta glasses captured and shared intimate images without users' consent, lawsuit claims

Business / Business News /

As Meta prepares to release new wearables, privacy fears surrounding its artificial intelligence glasses have triggered fresh lawsuits against the social media giant.

More than 70 people who bought, used or were recorded with Meta's smart glasses have sued the social media giant, claiming their intimate and sensitive images were exposed to ...Read more

Arwen Clemans/Los Angeles Times/TNS

Some California cars will get to skip smog checks. What to know about Jay Leno's Law

Business / Business News /

Whether it's a sleek, low-slung Impala, a candy apple red Monte Carlo or a roaring T-top Trans Am — the classic cars of the late 1970s and the '80s are an iconic part of California's automotive heritage.

But many of these vehicles have been relegated to driveways and garages due to the challenge of passing a smog check. Auto lovers have ...Read more