The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said.

Existing consumer and enterprise AI services may generate as much as $1.8 trillion of that sum, leaving $4.2 trillion in new revenue that needs to be created, the consulting ...Read more

Paramount Skydance and the state attorneys general are defending their proposed settlement in the face of skeptical questions from Sen. Cory Booker, D-New Jersey, arguing that the judge overseeing the case should approve the agreement without the deeper review the senator has requested.

Booker, the top Democrat on the Senate Judiciary ...Read more

The California attorney general will help oversee healthcare giant Kaiser Permanente's medical arbitration system to ensure it operates fairly under legislation Gov. Gavin Newsom signed late Sunday.

Patients, their families and lawyers have complained that Kaiser's private and confidential system of handling medical malpractice complaints is ...Read more

Gov. Gavin Newsom has signed wildfire insurance reforms, but vetoed bills cracking down on claims-handling practices that drew complaints from January 2025 fire victims.

Over the weekend, Newsom signed the Disaster Recovery Reform Act by Sen. Steve Padilla, D-San Diego, sponsored by Insurance Commissioner Ricardo Lara, as well as a bill by ...Read more

The City Council has issued a rare subpoena to compel testimony from Elon Musk’s SpaceX for a hearing it is planning on the dangers of artificial intelligence.

Other AI firms, including Anthropic and OpenAI, as well as Google and Meta, have signaled they intend to send representatives to testify before the Council at an Oct. 5 hearing. The ...Read more

Remember when you could get a mortgage for 2.5%?

Those days seem almost as distant as dial-up internet and $1 gallons of gasoline.

Americans are living in an economy where everything is expensive — and the latest quarter-point interest rate increase by the Federal Reserve will make the cost of borrowing money higher too.

“The U.S. is a ...Read more

LOS ANGELES -- Last week’s settlement of the antitrust lawsuit between state attorneys general and Paramount Skydance over its planned merger with Warner Bros. Discovery marked a clear victory for David Ellison.

If approved by a judge, the settlement would clear the way for the emerging Hollywood mogul to complete the blockbuster $111 billion...Read more

Credit cards are powerful financial tools that offer an opportunity to build your credit score. It’s no secret, though, that they can also pave the path to a mountain of debt. Forty-seven percent of cardholders carry a credit card balance from month to month, according to Bankrate’s 2026 Credit Card Debt Report — a potentially expensive ...Read more

A recent New York Times investigation found that sports betting company DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The data analyst assigned to test the model began to worry that many of the customers ranked highest were prone to addiction. By ...Read more

Colombia’s new government is opening talks with the International Monetary Fund as it grapples with a fiscal crisis that officials have described as the worst in the nation’s history.

President Abelardo de la Espriella, who took office last month, ordered his economic team to begin talks with the Fund, he said in a national address late on...Read more

Kristina McMenamin’s rage retreats started small.

The events, called RAGEher, were 12-person affairs in Chicago. The attendees, all women, opened their arms wide in a vacant retail space McMenamin had rented for $100. They let out guttural screams, pounded their fists into padded bolsters and slammed bats into mattresses with all their might...Read more

A federal appeals court in Washington rejected Anthropic PBC’s challenge to a Trump administration designation of the artificial intelligence company as a supply-chain risk to U.S. national security, but an earlier ruling by a judge in California that lifted a government ban appears to remain in place for now.

The 2-1 decision on Friday from ...Read more

Ford Motor Co. last year set a record in the United States for the number of recalls issued in a single year, but some took longer than others to have a fix available, according to a recent report.

Recalls and warranty costs have weighed on the Dearborn automaker's balance sheets, but looking at the length of time it takes for a repair to be ...Read more

Trump administration officials have floated a range of measures to curb soaring diesel costs, from suspending taxes on the fuel to removing restrictions on sales of a dyed, red variety normally reserved for off-road use.

Deliberations were still wide ranging Friday with many ideas still under discussion and a decision on any potential strategy ...Read more

Increased actions by U.S. immigration enforcement are creating significant disruption to beefpacking operations in Kansas, an area where nearly all of the country’s major processors have operations.

Thousands of cattle set to be shipped to beef processors have been affected by U.S. Immigration and Customs Enforcement activity, according to a ...Read more

Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret.

Now the news organizations are publishing the complete report.

The existence of the 2022 “Affiliated Fee ...Read more

Some parent companies of Brightline, the high-speed rail line that promised to connect Orlando to Tampa, will soon file for Chapter 11 bankruptcy protection.

The Miami-based rail service covers areas of South and Central Florida, including a trip from Orlando to Miami. The filing is part of the company’s effort to restructure about $5.5 ...Read more

A federal appeals court in Washington rejected Anthropic PBC’s challenge to a Trump administration designation of the artificial intelligence company as a supply-chain risk to U.S. national security, but an earlier ruling by a judge in California that lifted a government ban appears to remain in place for now.

The 2-1 decision on Friday from ...Read more

DETROIT — Paul Russo can't afford to absorb the rising cost of diesel.

The president of Wayne, Michigan-based Wayne Industries, a steel hauler, has levied a fuel surcharge for about a decade. But as diesel fuel prices have climbed, the percentage he adds to his trucking rates has climbed with them. Russo now is charging a 45% fuel surcharge ...Read more

California's oldest family-run winery has filed for bankruptcy protection, another sign of the struggles in the wine industry.

The family behind Gundlach Bundschu, founded in Sonoma County in 1858, said it couldn't reach an agreement with lenders to restructure its debt, so it filed for Chapter 11 bankruptcy protection to buy breathing room as ...Read more