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Barry Williams/New York Daily News/TNS

NYC Council issues subpoena to Elon Musk's SpaceX to force testimony on dangers of AI

Business / Business News /

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

Angela Weiss/AFP/GETTY IMAGES NORTH AMERICA/TNS

The era of cheap money is over. What higher rates mean for you

Business / Business News /

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

Valerie Terranova/Getty Images North America/TNS

After a bruising battle for Warner Bros., David Ellison faces daunting challenges in Hollywood

Business / Business News /

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

Gary Arbach/Dreamstime/TNS

The complete guide to balance transfers

Business / Business News /

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

Michael Reaves/Getty Images North America/TNS

Gautam Mukunda: The incentives for entrepreneurs have become warped

Business / Business News /

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

Jose Torres/Getty Images North America/TNS

Colombia reaches out to IMF to help resolve fiscal crisis

Business / Business News /

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

Andrea Pittori/Dreamstime.com/TNS

At an angry time, the business of rage retreats is booming

Business / Business News /

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

Imen Ben Youssef/Getty Images North America/TNS

Anthropic faces court setback on US supply chain risk label

Business / Business News /

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

Clarence Tabb Jr./The Detroit News/TNS

Long Ford recalls can take over half a year to remedy, report says

Business / Business News /

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

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

White House mulls range of options to lower diesel costs

Business / Business News /

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

Keith Myers/Kansas City Star/TNS

ICE actions hit Kansas meatpacking operations, ranchers say

Business / Business News /

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

Joe Burbank/Orlando Sentinel/TNS

News organizations publish Florida's secret examination of insurer profits

Business / Business News /

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

Ivy Ceballo/Tampa Bay Times/TNS

Florida's high-speed rail line is filing for Ch. 11 bankruptcy protection

Business / Business News /

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

Imen Ben Youssef/Getty Images North America/TNS

Anthropic faces court setback on US supply chain risk label

Business / Business News /

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

Clarence Tabb Jr./The Detroit News/TNS

Soaring diesel prices squeeze truckers, farmers as costs hit consumers

Business / Business News /

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

Dreamstime/Dreamstime/TNS

California's oldest family-owned winery declares bankruptcy as wine industry struggles

Business / Business News /

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

Laura Brett/ZUMA Press Wire/TNS

Kalshi's backroom tax victory gives it leverage in legal fights

Business / Business News /

A day before it came up for a vote, North Carolina's massive budget was posted with a handful of new paragraphs inserted on page 626, near the end of the document, with little time for public vetting or changes.

The hasty edit — imposing a 6% tax on prediction market trading fees in the state — was made shortly after staffers for Speaker of...Read more

Henry Payne/The Detroit News/TNS

Auto review: Road trip in the BMW-Lite, Mazda CX-70

Business / Business News /

WARKINS GLEN, New York — Atop the hills overlooking Seneca Lake, Watkins Glen International Raceway is one of America’s greatest racetracks with a history of hosting everything from Formula One to endurance sportscar to NASCAR races.

But before the dedicated, 3.5-mile track opened in 1956, sportscars raced on an epic, 6.6-mile road course ...Read more

Kia/Kia/TNS

Auto review: Kia puts Telluride's attitude into its $25,000 SUV. Too bad about the Turbo

Business / Business News /

We confuse efficiency with virtue. Today, everything must be optimized, streamlined and squeezed until the pleasure has been wrung out. Give the customer exactly what’s promised. Not a farthing more. Not a calorie more. Not even a molecule of joy.

Accountants love this. They’ve become the high priests of mediocrity, preaching margin ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Nissan Pathfinder continues down the right path

Business / Business News /

While rivals force buzzing turbocharged four-cylinders onto families, Nissan keeps what works: a tried-and-true, naturally aspirated 3.5-liter V-6 engine.

Pushing 284 horsepower and 259 pound-feet of torque, the Pathfinder delivers smooth, honest power. And to top it all off, CVT is dead. The crisp nine-speed automatic transmission provides ...Read more