Here's a rule of thumb when you're pondering who would be a major beneficiary of any idea floated by Elon Musk about the future of his multiple companies: If you don't place Musk at the top of the list, you might want to reconsider your math.

That issue arose, and not for the first time, when Musk in effect blessed the idea of merging Tesla and...Read more

Anthropic, creator of the Claude artificial intelligence model, filed its long-awaited paperwork for a historic public offering that could shape the future of the AI boom.

The company's filing Monday revealed that it will trade under the symbol "ANT" on the Nasdaq Global Select Market. Although its expected valuation of $1.5 and $2 trillion ...Read more

Boeing rolled the first 737 Max 10 out of its Everett, Washington, factory Monday, marking a milestone for the newly certified aircraft program and the newly opened North Line.

The North Line, which adds a fourth Max production line to the three already operating in Renton, opened in July. The grand opening was nearly two years behind schedule ...Read more

Boeing lost $116 million in the third quarter this year, as it celebrated certification milestones for two new Max variants but slowed its progress on increasing monthly Max production.

Boeing is working to increase its monthly Max production rates from 42 planes per month to 47 but expects that stabilization period" will last into early next ...Read more

Anthropic PBC’s initial public offering is laying bare the stark extremes of the multi-trillion-dollar AI boom business model: astonishing growth paired with uncertainty about demand and the spending required to continue developing the technology. The startup, which publicly filed IPO paperwork on Monday, is poised to be the first major U.S. ...Read more

From South Korea to Japan and China, the world’s biggest memory chipmakers will this week seek to quell fears that AI spending is outpacing future demand. How they handle back-to-back earnings disclosures and investors’ questions will help determine the trajectory for markets and shed light on the broader outlook for the artificial ...Read more

Skydance Corp. is offering some employees a one-time voluntary buyout, a move that comes nearly three weeks after Paramount Skydance closed its $111 billion acquisition of Warner Bros. Discovery.

The David Ellison-led entertainment giant, which took the Skydance name when the deal closed Oct. 6, sent a memo Monday to employees, noting that the ...Read more

Companies with ties to President Donald Trump and his family are staffing up with lawyers and lobbyists, as Democrats threaten sweeping probes if they flip either chamber of Congress in the midterm elections.

With polls and prediction markets favoring a change in power, firms with connections to the Trumps — from cryptocurrency businesses, to...Read more

The average price Americans are paying for gasoline under President Donald Trump has overtaken the average during the Biden administration, underscoring the political pressure on Republicans ahead of the midterm elections.

Trump had pledged to lower gasoline prices to below $2 a gallon, but almost two years into his presidency the fuel’s ...Read more

In a deal that would combine the first company to pioneer the Marcellus Shale and the one that turned it into an industrial operation, EQT Corp. announced it intends to buy Range Resources Corp. in an all-stock deal that would value the combined company at $50 billion.

The two Appalachian operators announced their boards of directors ...Read more

Microsoft is offering buyouts to 60,000 employees — roughly a quarter of its global workforce — as the company looks to slash costs while investing heavily in artificial intelligence.

The tech giant based in Redmond, Wash., has offices throughout the world, including in California. Microsoft didn't indicate how many California employees ...Read more

LOS ANGELES — The landmark Casa Vega Mexican restaurant in Sherman Oaks was honored in May with a sign proclaiming its corner of Ventura Boulevard as "Casa Vega Square."

L.A. Mayor Karen Bass was there, and so was City Council member Monica Rodriguez, whose district is on the other side of the San Fernando Valley. The event was perhaps more ...Read more

Microsoft is offering buyouts to about 60,000 employees, or roughly a quarter of its workforce, as the company tries to control its head count while avoiding layoffs.

The Redmond, Washington-based tech giant announced Monday morning that eligible employees at the vice president level and below in the U.S., Canada, India and the United Kingdom ...Read more

Anthropic PBC says it expects to face heightened scrutiny of how it tackles environmental and social tensions associated with the build-out of AI infrastructure.

The company, which publicly filed for an initial public offering on Monday, said it’s aware its efforts to secure power may face regulatory hurdles if there’s a perception its ...Read more

The iPhone Duo, one of Apple Inc.’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use.

In these cases, customers reported hearing a crunching sound when unfolding the phone, followed by a large crack forming along the center crease. Some...Read more

The National Basketball Association reached a deal with Kalshi and Polymarket that designates the platforms as the league’s preferred prediction market exchanges, in addition to announcing an information sharing agreement with the U.S. Commodity Futures Trading Commission.

The NBA said Monday that it would license official data to the top ...Read more

Crumbl, the high-end dessert chain serving up oversized cookies, has closed a swath of stores nationwide including seven in California.

Two of the shuttered cookie shops are in Southern California, in Westlake Village and Mira Mesa in San Diego.

The other closed California locations are in Paso Robles, Pismo Beach, Hanford, Ladera Ranch and ...Read more

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world’s largest banks and hedge funds on a futures market tied to U.S. inflation.

The New York-based firm, best known for its prediction markets, is targeting a December launch for exchange-traded futures contracts tracking both the ...Read more

Steve Bradley’s mustard-yellow rotary telephone is about 50 years old. But it still works — and, sometimes, much better than his cellphone.

Though most of Scandia, Minnesota, is connected to high-speed fiber-optic cables, Bradley and his neighbors living in the St. Croix River Valley still rely on old-school copper landlines to make calls ...Read more

Ford Motor Co. revealed on Friday, Oct. 23 its first major TV commercial highlighting its Raptor high-performance, off-road trim as the Dearborn automaker bets on the high-margin segment to drive sales, profits and consumer enthusiasm.

The 90-second spot will debut on Apple TV this weekend during the Austin Grand Prix and also appear on ABC ...Read more