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Meta's new Muse AI app tops charts, draws strong reviews

Business / Business News /

Meta Platforms Inc.’s new artificial intelligence agent, Muse, has quickly risen to the top of mobile app charts, a sign that the social media company is gaining traction in the increasingly crowded market for consumer AI assistants.

Muse is ranked the No. 1 free app on the U.S. Apple Inc. iOS App and Google Play stores as of Monday. The ...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Most firms keep cash from tariff refunds, Fed study finds

Business / Business News /

The bulk of companies receiving billions in tariff refunds are mostly holding on to the cash, according to a survey released Monday by the Federal Reserve Bank of Atlanta.

Of the more than 1,100 C-suite executives surveyed in August as part of the Atlanta Fed’s Survey of Business Uncertainty, roughly a quarter said they had either received a ...Read more

Breana Noble/The Detroit News/TNS

Fed's Goolsbee says road to 2% inflation may not be painless

Business / Business News /

Federal Reserve Bank of Chicago President Austan Goolsbee warned the central bank cannot ignore repeated and persistent supply shocks, and must respond in a way that may cause economic hardship.

“Supply shocks have come more frequently, hit harder and lasted longer,” Goolsbee said Monday at an event in London. “And once supply shocks to ...Read more

Bai Xueqi/Xinhua/ZUMA Press/TNS

China, US discuss AI, investment on second day of trade talks

Business / Business News /

Chinese and U.S. officials wrapped up their second day of talks in New York on Monday to discuss artificial intelligence, investment and trade as they sought to advance negotiations ahead of President Xi Jinping’s visit to the U.S. this week.

Talks on Monday focused on delivering on what’s been agreed by the U.S. and Chinese lead ...Read more

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Boeing allowed to keep making 777 freighter despite climate rules

Business / Business News /

The Federal Aviation Administration last week granted Boeing’s 777 freighter a few more years of production, waiving looming emissions requirements for up to 35 new aircraft.

Without that exemption, Boeing would have had to sunset production of the 777 freighter in 2028 because the cargo plane would not meet emissions standards set to take ...Read more

Eric Thayer/Los Angeles Times/TNS

Paramount, attorneys general settle lawsuit, clearing a path for Warner Bros. merger

Business / Business News /

California Attorney General Rob Bonta and Paramount Skydance Chief Executive David Ellison have reached an agreement to end the state’s antitrust fight, paving the way for Ellison to complete his $111 billion purchase of Warner Bros. Discovery, Bonta and Paramount confirmed Monday.

The two sides have agreed to resolve antitrust claims that ...Read more

David Maialetti/The Philadelphia Inquirer/TNS

Will AI save or destroy us? At Pittsburgh summit, tech leaders shift between hope and despair

Business / Business News /

Artificial intelligence promises a vastly different future as it actively disrupts the present — but the problem, and fear, is that no one seems to know what that future will be.

There’s a world where AI does all the things humans desire:

A world where disease is eradicated as technology accelerates scientific breakthroughs. Where every ...Read more

ThredUp/ThredUp/TNS

How California tech turned thrifted clothes into fashion's hottest status symbol

Business / Business News /

Thrifted clothes have become an unlikely fashion flex for Hollywood's haute couture hoarders and other trend-setters.

California companies have propelled this movement, turning what was once an old-fashioned way to save money into a booming industry at the cutting edge of style.

The secondhand clothing market grew 20% to more than $240 billion...Read more

MARTIN LELIEVRE/AFP/Getty Images North America/TNS

Missouri AG orders Kalshi, Polymarket to stop operating prediction markets here

Business / Business News /

The Missouri Attorney General’s office is cracking down on prediction markets that compete with the state’s licensed sports betting operators — and don't pay state taxes on the bets.

Attorney General Catherine Hanaway’s office announced Friday that it has sent cease-and-desist letters to companies like Polymarket, Kalshi and Robinhood, ...Read more

Eric Thayer/Los Angeles Times/TNS

Paramount, attorneys general settle lawsuit, clearing a path for Warner Bros. merger

Business / Business News /

California Attorney General Rob Bonta and Paramount Skydance Chief Executive David Ellison have reached an agreement to end the state's antitrust fight, paving the way for Ellison to complete his $111 billion purchase of Warner Bros. Discovery, said a person familiar with the matter.

The two sides have agreed to resolve antitrust claims that ...Read more

Myung J. Chun/Los Angeles Times/TNS

Paramount, California settlement talks accelerate, potentially moving Warner Bros. merger closer

Business / Business News /

After a bitter standoff, Paramount Skydance and California Attorney General Rob Bonta have made progress in settlement talks that could push Hollywood’s massive merger over the finish line, people familiar with the matter said Friday.

The two sides have quietly been negotiating a truce to end the antitrust lawsuit brought by Bonta and 11 ...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Auto groups urge Trump to keep out Chinese vehicles ahead of Xi visit

Business / Business News /

WASHINGTON — The U.S. automotive industry's top trade groups are urging President Donald Trump to "keep the door firmly shut" on Chinese automakers seeking to sell or build vehicles in the United States.

"Chinese automakers have zero market share in the U.S. Allowing them to open a domestic facility would provide a foothold in the U.S. market...Read more

Ken Lambert/The Seattle Times/TNS

Starbucks settles Florida lawsuit over its DEI efforts

Business / Business News /

Starbucks agreed on Thursday to settle a Florida lawsuit over claims that its diversity efforts amounted to discrimination under state law.

At the height of corporate diversity efforts in 2020, the Seattle-based coffee giant announced a goal to have people of color in at least 30% of roles in corporate operations and 40% of retail and ...Read more

Michael Tercha/Chicago Tribune/TNS

Michael Hiltzik: Why are workers feeling so stressed? Maybe because labor's share of the economy is at a record low

Business / Business News /

There was a brief moment at the tail end of the pandemic, already forgotten, at which it seemed that American workers had finally grasped the reins of power, with wage gains rising and organizing strength entering a new era.

The moment is forgotten today because whatever leverage labor thought it had acquired evaporated rapidly. And recently it...Read more

Justin Enriquez/The Minnesota Star Tribune/TNS

Meta glasses captured and shared intimate images without users' consent, lawsuit claims

Business / Business News /

As Meta prepares to release new wearables, privacy fears surrounding its artificial intelligence glasses have triggered fresh lawsuits against the social media giant.

More than 70 people who bought, used or were recorded with Meta's smart glasses have sued the social media giant, claiming their intimate and sensitive images were exposed to ...Read more

Arwen Clemans/Los Angeles Times/TNS

Some California cars will get to skip smog checks. What to know about Jay Leno's Law

Business / Business News /

Whether it's a sleek, low-slung Impala, a candy apple red Monte Carlo or a roaring T-top Trans Am — the classic cars of the late 1970s and the '80s are an iconic part of California's automotive heritage.

But many of these vehicles have been relegated to driveways and garages due to the challenge of passing a smog check. Auto lovers have ...Read more

Henry Payne/The Detroit News/TNS

GM recalls 300k SUVs over rearview camera issue

Business / Business News /

General Motors Co. is recalling more than 300,000 of its smallest SUVs over issues with the rearview camera screens, federal regulators announced Thursday.

The recall applies to certain 2024-25 Buick Envista, 2024-26 Buick Encore GX and Chevrolet Trailblazer, and 2025 Chevrolet Trax models. The rearview camera screen might be distorted or blank...Read more

Sebastien Bozon/Getty Images North America/TNS

Econometer: Is it time to rein in the AI arms race?

Business / Business News /

An AI researcher is leaving the industry because he fears the rush to build AI systems is spiraling out of control.

“They are racing straight to self-improving superintelligence and gambling with our lives,” Jacob Coxon, who announced his resignation from Anthropic on X, wrote in a post that went viral on the platform. “The people ...Read more

Katy Kildee, The Detroit News/The Detroit News/TNS

Solid crop, new varieties put shine on Michigan apple growers' outlook

Business / Business News /

FENTON, Michigan — Leslie Slater walked into the Spicer Orchards market and took a deep breath.

“Isn’t that one of the best smells in the world?” she asked her family. For Slater, who lives in Milford, a trip to the orchard is an essential Midwestern fall experience.

Michigan’s apple crop is shaping up to be solid this year despite ...Read more

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How existential fears are shaping the debate over AI

Business / Business News /

The current round of panic over artificial intelligence is based on the conviction that the technology has slipped out of human control to do its own bidding in several recent incidents. To some disillusioned AI researchers — and some senior employees at leading AI companies — this is an early sign of a true threat to human civilization. But...Read more