OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence that he have complete control over a proposed for-profit subsidiary of the startup back in 2017.

Altman told jurors Tuesday that Musk said he only wanted control of the entity in its early days, but that the billionaire was unwilling to sign ...Read more

A federal appeals court has temporarily paused a ruling that declared President Donald Trump’s latest global tariffs unlawful, as the judges weigh the administration’s request to allow officials to keep collecting the levies while the legal fight continues.

The U.S. Court of Appeals for the Federal Circuit issued a brief order on Tuesday ...Read more

The worst U.S. inflation in years is once again eating away at Americans’ paychecks, as rising gasoline and grocery prices threaten to undermine household spending.

Fresh government data out Tuesday underscored how the Iran war is reigniting inflation, straining consumers who were already frustrated by the high cost of living. After ...Read more

When the Minneapolis City Council approved a controversial $15 minimum wage in 2017, no one knew what would happen next.

Workers and business owners made dueling predictions of boom or bust that would result from the citywide wage hike. Cities with similar policies were still phasing in the $15 minimum, so it was impossible to say who was right...Read more

Former Starbucks CEO Howard Schultz has taken a jab at Seattle’s mayor and its business climate for what he called “hostile” and “socialist rhetoric.”

Schultz, still Starbucks chairman emeritus, spent decades in Seattle building the coffee company into a global empire. But two months after departing his longtime Seattle home for Miami...Read more

Baltimore-based Under Armour reported another year of declining sales Tuesday as the athletic apparel company continued a sweeping restructuring effort under founder and CEO Kevin Plank aimed at stabilizing the business and repositioning the brand around premium products and performance innovation.

The company reported fourth-quarter revenue of...Read more

Here's a riddle for you: A conservative Republican senator, a top economic advisor to the Trump White House and a venture capitalist walk into a conference room at a financial conference and claim a new government program will be a boon for all American families.

Question: Do you think these people are looking out for your interests?

If you ...Read more

Boeing delivered 47 airplanes in April, including 34 737 Maxes built in Renton, Washington, and six 787 Dreamliners built in South Carolina.

Boeing’s delivery total is nearly the same as its delivery rate in March, when it shipped 46 airplanes, but slightly lower than February, when it delivered 51 planes.

Year over year, Boeing’s April ...Read more

A popular U.S. food distributor has long promised premium, Italian tomatoes in its products. Two Californians claim the company is committing tomato fraud.

A lawsuit filed this month alleges that Cento Fine Foods, a U.S.-based Italian food distributor, falsely labels its products as containing San Marzano tomatoes.

The tomatoes in question are...Read more

On the eve of its upfront presentation to the advertising industry, streaming giant Netflix is touting the economic results of its film and television show productions.

The Los Gatos, California, company's programming has created more than 425,000 total jobs and contributed more than $325 billion to the global economy, Netflix said in a new ...Read more

Like much of the world, Donald “Dean” Zoellers learned of Spirit Airlines’ demise on the morning of May 2.

He was hit hard, certainly more than travelers who loved the Broward-based carrier’s low prices or bright yellow planes. The 63-year-old grandfather of seven worked as a maintenance controller, managing airline maintenance ...Read more

A new lawsuit accuses Funko, the Everett, Washington-based pop culture collectibles brand, of collecting and selling users’ data without permission.

Funko sells officially licensed collectibles, apparel, accessories and other merchandise related to popular franchises, including Star Wars, Disney and Marvel. The company is most known for its ...Read more

WASHINGTON — The chair of the House Oversight Committee has sent a letter to OpenAI Chief Executive Sam Altman requesting information about potential conflicts of interest between Altman’s personal investments and his operation of the company.

The letter, sent Friday, comes amid a high-stakes legal battle currently playing out in an ...Read more

Digital entertainment company BuzzFeed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron Allen for $120 million.

BuzzFeed announced the sale late Monday, saying Allen Family Digital had agreed to pay $3 apiece for 40 million shares, representing a 52% stake in the company.

Allen will pay $20 million in cash up front, ...Read more

The Federal Aviation Administration has approved Boeing’s proposed solution to bring its MD-11 planes back to the sky.

The FAA grounded the MD-11 and its predecessor the DC-10 after a deadly UPS crash in November, which saw an engine break free from the cargo plane’s wing. The crash killed three UPS crew members on board and 12 others on ...Read more

Starbucks will shrink its tech presence in Seattle with the layoffs of 61 corporate workers, according to a state filing.

The layoffs are a result of a reorganization in the technology department at the Starbucks Support Center in Seattle, per a worker adjustment and retraining notification filed Thursday.

Starbucks declined to comment Monday....Read more

President Donald Trump has mounted a new push to tackle affordability, taking aim at beef and gasoline amid surging consumer prices that may threaten his party’s hold on Congress.

Trump was poised to sign executive orders Monday intended to reduce beef prices, a White House official said, while he also voiced support for a gasoline-tax ...Read more

The number of new foreign undergraduate students at U.S. colleges dropped by an average of 20% this spring from a year earlier, according to a study by a coalition of education groups, the latest sign that President Donald Trump’s standoff with higher education is hammering a key source of talent and funding.

The findings, published in a ...Read more

The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook, Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official.

Goldman Sachs Group Inc.’s David Solomon, Blackstone Inc.’s Stephen Schwarzman, BlackRock Inc.’...Read more

Santa Clara County sued Meta on Monday, accusing the tech giant of turning scam advertisements on Facebook and Instagram into a multibillion-dollar revenue stream while Californians lost billions to online fraud.

The lawsuit alleges Meta knowingly allowed fraudulent ads to remain on its platforms, charged higher prices for some flagged ads and ...Read more