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Michael Ho/The San Diego Union-Tribune/TNS

San Diego home values haven't kept up with inflation for 16 months

Business / Business News /

San Diego home prices continue to show gains, but any increase has been blunted by rising inflation, data released Tuesday shows

The San Diego metropolitan area’s home price increased 0.78% annually in March, said the S&P Cotality Case-Shiller Indices report. At the same time, San Diego metro, which includes all of San Diego County, had an ...Read more

Optimism on Iran war deal, AI theme push S&P 500 to record close

Business / Business News /

Equities notched their fourth-straight session of gains on Tuesday, with investors hopeful that an agreement to re-open the Strait of Hormuz may be near even as hostilities tested a ceasefire between the U.S. and Iran.

The S&P 500 Index ended 0.6% higher in New York to hit a fresh record. The tech-heavy Nasdaq 100 Index rose 1.8% to its own ...Read more

Brian van der Brug/Los Angeles Times/TNS

Paramount, pushing to buy Warner Bros., girds for legal challenges

Business / Business News /

LOS ANGELES — Is Paramount making a Tony Soprano move?

David Ellison's media company appears to be girding for a big battle with California Attorney General Rob Bonta and fellow state attorneys general who may team up to file a lawsuit aiming to block Paramount's proposed $111-billion takeover of Warner Bros. Discovery.

Last week, Paramount ...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

Lilly goes on $20 billion buying spree as company seeks next act

Business / Business News /

Eli Lilly & Co. is on a record spending spree, announcing acquisitions worth more than $20 billion so far in 2026 as the drugmaker expands beyond its blockbuster obesity franchise.

In recent weeks, Lilly has pledged to shell out up to $7.8 billion for sleep drugmaker Centessa Pharmaceuticals Plc and up to $7 billion for cancer drug developer ...Read more

JIM WATSON/AFP/Getty Images North America/TNS

Blue Origin's $600 million Space Coast expansion to bring 500 jobs, state says

Business / Business News /

Blue Origin’s massive manufacturing site in Brevard County is primed to expand with a new $600 million facility to speed up New Glenn rocket production, the governor’s office announced Friday.

The investment, dubbed “Project Horizon,” would bring an 830,000-square foot building dedicated to constructing more of New Glenn’s upper stage...Read more

Lezlie Sterling/The Sacramento Bee/TNS

OpenAI skeptics ask Calif. AG Bonta to investigate execs' ties to semiconductor company

Business / Business News /

SACRAMENTO, Calif. -- Advocacy coalition EyesOnOpenAI is asking Attorney General Rob Bonta to investigate a recent contract between OpenAI and semiconductor company Cerebras Systems that the group says bolsters its earlier arguments that OpenAI has abandoned its philanthropic mission.

EyesOnOpenAI, a coalition of AI-skeptical groups, previously...Read more

Dodge/Dodge/TNS

A Dodge Viper successor? We got a peek at the new Copperhead sports car

Business / Business News /

DETROIT -- For about 25 years, the Dodge Viper stood at the pinnacle of the brand's lineup as a ridiculous V-10-powered muscle car fused with sleek sports car styling.

Now, the brand is planning to bring back something similar with a "hyper muscle car" called the Copperhead SRT. Stellantis NV executives briefly showed a mock-up of the car to ...Read more

Leila Navidi/Minnesota Star Tribune/TNS

A first taste in the US of Cargill's solution for crazy cocoa prices

Business / Business News /

Cargill’s new chocolate alternative, which avoids cocoa markets that sent the price of candy on a rollercoaster ride in recent years, just tastes chocolaty.

Kernels of the grape-seed-derived product called NextCoa, shown off in one of Cargill’s Minnesota corporate kitchens on a recent Friday, elevated fresh-baked cookies to taste like they ...Read more

Luke Johnson/The San Diego Union-Tribune/TNS

Should owners of vacant second homes be heavily taxed? San Diego voters get to decide

Business / Business News /

For years, vacant homes in large U.S. cities have conjured up images of derelict, abandoned properties in need of loving attention and a full-time resident. In San Diego, a June ballot measure is taking aim at a very different kind of vacant dwelling by proposing to heavily tax second homes — from the coast to the suburbs — that all share ...Read more

Jason Armond/Los Angeles Times/TNS

This California-born fast-food chain is being crushed by costs, crime and competition

Business / Business News /

Carl’s Jr. began in 1941 as a hot dog cart on the corner of Florence and Central in Los Angeles and grew into one of the region’s best-known burger chains. Eight decades later, the now-global chain is struggling in its old neighborhood.

The high costs of doing business in California, festering labor issues, fierce competition and crime have...Read more

Genaro Molina/Los Angeles Times/TNS

Los Angeles hotels are still waiting for a surge in demand from the World Cup

Business / Business News /

Hotel rooms in Los Angeles and other FIFA World Cup host cities could sit empty, despite high expectations that the global sporting event would be a boon to the city.

The soccer tournament, which has sold more than 5 million tickets so far, has historically triggered a surge of international and domestic tourism and infused host cities with an...Read more

Stacey Wescott/Chicago Tribune/TNS

Illinois lawmakers consider grants or loans for Chicago businesses devastated by Operation Midway Blitz

Business / Business News /

SPRINGFIELD — When federal immigration officers flooded Chicago neighborhoods last fall, walk-ins at Erick Camargo’s hair salon in Chicago plunged from about 40 customers per day to as few as five.

At the height of Operation Midway Blitz, Camargo locked the doors during business hours to keep agents from entering. Some barbers worked out of...Read more

Eric Thayer/Los Angeles Times/TNS

Waymo suspends all freeway rides over safety

Business / Business News /

LOS ANGELES — Waymo said it's pausing its robotaxi services on freeways in the U.S. as it updates its software to improve performance around construction zones and flooded roads.

Before the suspension, freeway operations were available in San Francisco, Los Angeles, Phoenix and Miami. The company said that street and other off-highway ...Read more

Dreamstime/Dreamstime/TNS

Good night and good luck and goodbye -- CBS News Radio signs off after nearly 100 years

Business / Business News /

NEW YORK — As a radio professional who grew up aspiring to work at CBS News Radio, anchor Steve Kathan understood the weight of the words he wrote and recorded Friday on the final broadcast of "World News Roundup."

"America's longest running newscast signs off for the last time," Kathan said in the small dimly lighted studio in the CBS ...Read more

Patrick Smith/Getty Images North America/TNS

Scandal-ridden horse races in Nevada hit with revised rules

Business / Business News /

The Nevada Gaming Commission on Thursday overhauled rules that strengthen regulatory oversight of rural county fair horse-racing meets that in 2024 were wracked with doping scandals.

The revised regulations also turn some decisions over to the Nevada Gaming Control Board chair and coordinates policies with those of the Association of Racing ...Read more

Glen Stubbe/Minnesota Star Tribune/TNS

Cargill locks out more than 1,700 union workers from Colorado meat plant

Business / Business News /

Cargill has locked out more than 1,700 union workers from a key meatpacking plant in Colorado after pay negotiations between the massive food company and Teamsters members reached an impasse.

The employees, who are not getting paid, say Minnetonka-based Cargill is refusing to provide adequate raises after months of bargaining. Cargill said it ...Read more

Genaro Molina/Los Angeles Times/TNS

Newsom blames Chevron for California's gas-price problem

Business / Business News /

The blame game over surging gas prices is heating up as Gov. Gavin Newsom suggested Chevron could be gouging its customers.

California's governor, who is not shy about promoting his positions with provocative posts, warned Memorial Day travelers on X against pumping gas at Chevron.

"Californians, if you're hitting the road this holiday weekend...Read more

Kristian Carreon/The San Diego Union-Tribune/TNS

Sharks and beer: SeaWorld is giving the people what they want

Business / Business News /

SeaWorld is giving the people what they want: sharks and beer.

Starting this summer, SeaWorld is reopening the immersive Shark Encounter exhibit and offering $1 beer, seltzer and IPAs, among other new promotions, aiming to grow attendance.

Few San Diegans can remember the heyday when, under the leadership of Anheuser-Busch Co., guests — 21 ...Read more

Armando L. Sanchez/Chicago Tribune/TNS

Tribune Publishing strikes 11th-hour deal to buy Daily Herald, outbidding suburban suitor

Business / Business News /

It took several full-page ads, an 11th-hour bid and ostensibly a premium price, but Tribune Publishing has swooped in and struck a deal to buy the employee-owned Daily Herald suburban newspaper.

The board of Paddock Publications, which operates the Daily Herald, sent an email to employees Thursday afternoon announcing that an asset purchase ...Read more

Mario Tama/Getty Images North America/TNS

Inflation angst spreads as consumers spooked by rising gas bills

Business / Business News /

Summer is shaping up to be bleak for the U.S. consumer.

Americans have been struggling for months with high gas prices and persistent inflation and consumer sentiment has hit a record low. The boost some got from tax refunds is fading. Now retailers including Walmart Inc. and Lowe’s Cos. are warning that fuel costs driven by the Iran war may ...Read more