Elon Musk vowed to distribute a share of SpaceX to each child in the U.S., a multibillion-dollar pledge that adds to a string of sizable donations from the tech industry for the benefit of the American public.

“Next year, I will give one of my SpaceX shares to every kid in America,” the company’s chief executive officer wrote Monday on X,...Read more

The Oval Office announcement that an Iron Range mining company plans to build a colossal, $15 billion steel mill in Iowa rather than in Minnesota sparked two weeks of political finger-pointing about the latter state's business climate.

Minnnesota House Speaker Lisa Demuth, a Republican candidate for governor, said the news shows the state is �...Read more

A judge, deferring to Mexico's authority over tequila regulation, dismissed a proposed class-action lawsuit claiming that Costco’s Kirkland tequilas labeled 100% agave" are mixed with low-grade booze.

The law firm Hagens Berman filed the lawsuit in federal court in Seattle in November on behalf of 13 people who had purchased the Costco-brand ...Read more

DETROIT — Mortgage mogul Dan Gilbert has pledged $1 billion to establish a new nonprofit that will redevelop, own and operate the Renaissance Center and surrounding 35-acre east riverfront district, officials said Oct. 19.

The contribution comes as the $2 billion project with RenCen owner General Motors Co. moves forward with plans to ...Read more

For years, people have faithfully dropped money into church collection plates, supported their favorite charities or helped fund local nonprofits — only to discover their donations didn’t save them a dime in federal income taxes.

Now, a new tax law is changing that.

Starting with the 2026 tax year, taxpayers who take the standard deduction...Read more

The heart of Screenland is cozying up to artificial intelligence.

The open space in Culver Steps typically hosts community events and movie nights. But last Wednesday, it turned into a job fair for companies looking to hire talent for AI studios.

Companies showed off their life-like AI videos, urging emerging talent — and out-of-work ...Read more

A prediction market firm backed by actress Sydney Sweeney is asking a federal judge to block Missouri from classifying its business model as sports betting, which in Missouri carries taxes and regulations.

Last month, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters to Novig and five of its prediction-market competitors...Read more

Confidence among U.S. homebuilders this month slumped to a 14-year low as mortgage rates above 7%, labor shortages and elevated supply costs batter the housing market.

The National Association of Home Builders/Wells Fargo gauge of housing market conditions fell 3 points to 29, the lowest since June 2012. The median estimate in a Bloomberg ...Read more

CoreWeave Inc. has become caught in a tug of war between investors who see rising bond yields as a potential rally killer for the AI trade and those who think demand for computing power will make those concerns seem passe before long.

The cloud-computing services provider’s shares plunged 20% in the first three sessions of the week, including...Read more

The U.S. federal budget deficit widened to nearly $2 trillion for the 2026 fiscal year, serving as a fresh reminder of the scale of government borrowing needs and leaving the nation on track for a record high debt burden in coming years.

For the fiscal year through September, the deficit widened to $1.99 trillion, Treasury Department figures ...Read more

Real estate heavyweight Redfin and its parent company, Rocket, face a potential class-action lawsuit over allegations that a data breach exposed private information of current and former employees.

Frankie Moreno, a former Redfin employee, argues that a security lapse with the companies' computer systems has led to fraud, financial losses and ...Read more

Despite soaring gasoline prices and the re-introduction of a statewide rebate program for zero-emission vehicles, sales of EVs and plug-in hybrids in California stalled in the third quarter of this year.

All-electrics accounted for a 17.3% share of new cars and pickup trucks sold in the California from July through September, down from 17.9% in...Read more

Ford Motor Co. has issued a recall on thousands of 2025-27 F-150 pickup trucks after identifying improper securements for front-row seats to the vehicle.

There are 2,276 vehicles included in the recall, which is less than 1% of models, according to an advisory posted on the National Highway Traffic Safety Administration's website. The improper ...Read more

While I was recently in Los Angeles, I had the chance to visit The Petersen Museum’s “100 Years of Mercedes” exhibit.

Sitting amongst Clark Gable’s 1956 300 Sc, Walt Disney’s 1964 230 SL roadster and Ferdinand Marcos’ armored 1984 500 SEL was what’s believed to be the only 1987 300 AMG “Hammer” wagon. Its 375 horsepower 6.0-...Read more

The Trump administration recently suspended Microsoft, Adobe and other companies from a program that allows foreign workers to apply for green cards.

Such programs have frequently been targeted by some Trump supporters who argue they undercut American students and workers, said The Associated Press. Supporters say the programs allow the U.S. to...Read more

HELL, Michigan — Destroying Hell’s twisted roads then cruising topless through Ann Arbor to pick up lunch. Blitzing the back straight at M1 Concourse at 130 mph. Schlepping to the airport on adaptive cruise control in bumper-to-bumper traffic. Just a typical 24 hours in the King of Supercars, the 2026 Porsche 911 Turbo S.

But it’s not ...Read more

Ford makes the long haul and enters Grasso’s Garage with an aesthetically pleasing and proven F-150 Lobo edition pickup truck that is ready for all consumers.

With a 600-mile range on a full tank, our F-150 Lobo tester offered an upgraded 5.0-liter Coyote V-8 engine packed with 400 horsepower and 410 pound-feet of torque. Paired with a 10-...Read more

Struggling to afford hotel prices? A new lawsuit alleges Expedia is jacking up costs across the board.

A proposed class-action lawsuit filed on Oct. 2 in the U.S. District Court for the Western District of Washington accuses the Seattle-based online travel agency of artificially inflating hotel rates by prohibiting hotels from offering lower ...Read more