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David Crane/Los Angeles Daily News/TNS

LA mayor's race: Bass and Raman skirmish over treatment of small business. The San Fernando Valley is a battleground

Business / Business News /

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

Stephen Brashear/Getty Images North America/TNS

Microsoft offers mass buyouts for roughly a quarter of its workforce

Business / Business News /

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

Simon Lehmann/Dreamstime.com/TNS

Anthropic filing reveals concerns over data center pushback

Business / Business News /

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

Michael M. Santiago/Getty Images North America/TNS

Apple's foldable iPhone Duo draws early complaints of the screen cracking

Business / Business News /

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

Angelina Katsanis/Getty Images North America/TNS

NBA reaches deal with prediction markets Kalshi and Polymarket

Business / Business News /

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

María G. Ortiz-Briones/Fresno Bee/TNS

Pricey cookie vendor closes dozens of locations nationwide

Business / Business News /

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

MARTIN LELIEVRE/AFP/Getty Images North America/TNS

Kalshi courts Wall Street in bid to be the 'inflation exchange'

Business / Business News /

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

Leila Navidi/Star Tribune/TNS

Verizon wants to hang up on landlines, but some customers aren't so sure

Business / Business News /

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/TNS

Ford underscores off-road bet with Raptor TV ad

Business / Business News /

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

TNS

Auto review: 2026 Chevrolet Silverado High Country is the last of a vintage, and worth savoring

Business / Business News /

Chevrolet is preparing to release a new Silverado 1500 pickup for 2027, but it will have to be pretty good to surpass the current vintage of its High Country luxury trim. Equal parts farmhand, family cradle and luxury limo, the big pickup seemingly does it all. Even as the big truck will be redesigned for 2027, it’s a vintage worth savoring.

...Read more

Handout/Lexus/TNS

Auto review: 2027 Lexus NX smells a little like luxury

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The 2027 Lexus NX is bringing a whole new meaning to new car smell.

Lexus has fitted its second-best selling model with something called Sensory Concierge, a system that coordinates lighting, sound, climate control, seat temperature and fragrance in an effort to improve your emotional well-being. Similar systems are available from Lincoln and ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 GMC Hummer EV 3X is big, bold and ready for fun

Business / Business News /

As brands continue to cycle nameplates from deep in their archives, General Motors is no different. Known for its exceptional truck offerings, GMC brings forward a riff on the venerable Hummer with a new twist. This week, it’s the all-electric 2026 GMC Hummer Pickup.

Powered by a 24-module battery pack, which offers up to 380 mile range with ...Read more

Luke Johnson/The San Diego Union-Tribune/TNS

Expedia, Visa, and IBM have hired Mike Davis to train their sales agents. He's not ready to do the job himself

Business / Business News /

Meet Mike Davis.

He’s middle-aged, has jet-black hair, and technically works at Expedia Group. “He’s kind of a legend at our company,” said Beth Potter, Expedia’s senior manager of field enablement.

But Mike Davis isn’t a person. He’s an AI agent built by Seismic, a San Diego company that recently showcased him along with a ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Coming soon to Seattle: $600K waterfront 'condos' -- for cars

Business / Business News /

SEATTLE — The driver behind the wheel of a Range Rover whipped his vehicle around the construction site, kicking up dust before parking next to Caterpillar heavy machinery.

On a pile of dirt, a row of golden shovels waited, as attendees of the ground-breaking for Terminal One Motor and Yacht Club milled around the gravel lot, champagne flutes...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Tech entrepreneurs are leaving California for Las Vegas. What's drawing them?

Business / Business News /

When Brian Lee, the co-founder of The Honest Company with actress Jessica Alba and a serial entrepreneur, moved his family last year from Los Angeles to Summerlin, an upscale housing development in Las Vegas, he had a lot of things on his mind.

“I’d lived there pretty much my entire life, and L.A. is just not what it used to be,” he said ...Read more

JEAN-CHRISTOPHE VERHAEGEN/AFP/Getty Images North America/TNS

Roblox shareholder sues CEO, directors over age verification disclosures

Business / Business News /

A shareholder is suing Roblox, alleging company leaders misled investors about the potential negative effects of age verification checks on platform growth.

The lawsuit names nine current and former officers and directors of Roblox Corp., including co-founder and CEO David Baszucki. It alleges the company misled shareholders about the potential...Read more

Dreamstime/Dreamstime/TNS

Netflix, eBay reveal plans to cut hundreds of Bay Area jobs

Business / Business News /

Netflix and eBay both revealed plans to slash hundreds of Bay Area jobs, adding to the thousands of regional layoffs already announced this year by tech companies.

eBay eliminated 229 positions on Oct. 21 at its 2025 Hamilton Ave. headquarters in the Willow Glen district of San Jose, according to a WARN notice filed with the state Employment ...Read more

Dimitrios Kambouris/Getty Images North America/TNS

How Meta struck a deal to keep Mark Zuckerberg in California despite looming billionaire tax

Business / Business News /

Meta's Chief Executive Mark Zuckerberg has wielded enormous power over the social media empire he built more than two decades ago, leading the California juggernaut through major scandals, scrutiny and technological shifts.

But the 42-year-old tech mogul considered leaving the state because he feared that a ballot measure to impose a one-time 5...Read more

Joshua Boucher/The State/TNS

Westinghouse is adding more fuel to a nuclear revival ahead of IPO

Business / Business News /

Within the span of a few hours on Wednesday, Westinghouse Electric Co. announced a $1 billion new nuclear fuel factory in South Carolina, was named as the technology of choice in a proposal for a mammoth nuclear campus in Kentucky, and hosted the Under Secretary of Energy at its Etna innovation center.

The latest announcements came days after ...Read more

Anna Moneymaker/Getty Images North America/TNS

Treasury unveils rule to ban large investors from homebuying

Business / Business News /

The Treasury Department on Thursday proposed new regulations to bar large institutional investors from buying up single-family homes, the latest step in the process to implement the most controversial section of the sweeping bipartisan housing law passed this summer.

Under the law, the ban — which prohibits investors with more than 350 ...Read more