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Traders crowd into Fed Futures targeting a December rate cut

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Investors are betting big that the Federal Reserve will cut interest rates again when policymakers meet next month, erasing doubts that had tipped the odds against a move as recently as last week and setting the stage for gains in U.S. bonds.

The amount of new positions held by traders in futures contracts tied to the central bank’s benchmark...Read more

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US-China tension fuels decoupling in tech research, study shows

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U.S.-China collaboration in technology research has fallen steadily to the lowest in 20 years, a shift an Australian think tank warns could reshape global innovation vital to security and economic growth.

Only a quarter of China’s collaborations involve American researchers, down from over half a decade ago, according to the Australian ...Read more

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NYC judge: OpenAI must turn over communication with lawyers about deleted databases

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A federal judge ruled that OpenAI needs to turn over all its internal communications with lawyers about why it deleted two massive troves of pirated books from a notorious “shadow library” that the tech company is accused of using to train ChatGPT.

Manhattan Federal Court Magistrate Judge Ona Wang ruled Monday that the tech giant’s ...Read more

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Why long-term CDs can be a smart choice in any rate environment

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You don’t have to look far to find predictions for the future of interest rates. While it’s wise to keep an eye on whether experts believe that rates are poised to rise or fall — the movements can play a big role in how much it costs to buy a home or a car — there are some decisions you can feel confident in making without worrying about...Read more

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HP announces job cuts as profit outlook falls short of estimates

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HP Inc. gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools.

The PC and printer maker will exit 2028 with gross savings of $1 billion annually as a result of the cuts. The savings will come from HP applying AI tools to areas ...Read more

$10-billion One Beverly Hills project gets off the ground

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Development of the massive One Beverly Hills residential and hotel complex reached a milestone over the weekend as construction started going vertical.

The work to erect the two tallest towers in Beverly Hills started Friday with an overnight continuous pour of 3,800 cubic yards of concrete, the equivalent of 41,000 wheelbarrows-full. It was ...Read more

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This California town banned chain businesses. So, how did a Little Caesars get city approval?

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For years, this scenic Russian River Valley enclave has worked to foster a community supportive of local businesses, in part, by making it difficult for large chains to move in.

In 2018, Sebastopol leaders created an outright ban of certain chain businesses — particularly restaurants and hotels — from its downtown.

But this month, one of ...Read more

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Jefferson Health has been sued for violating federal rules during recent layoff of hundreds

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A lawsuit filed Tuesday in Philadelphia accused Jefferson Health of violating federal labor rules when it laid off 1% of its 65,000 employees in October and this month without providing a 60-day notice.

The purported class action lawsuit says the proposed lead plaintiff, Ciara Brice, lost her job as a medical assistant on Nov. 12 with no notice...Read more

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Silicon Valley commercial leasing surges and new development rises

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SAN JOSE, Calif. — Commercial leasing activity jumped in Silicon Valley during the third quarter of 2025 and development activity rose at a modest pace as owners of commercial properties scout for an elusive market rebound, a new report shows.

Santa Clara County, San Mateo County, and Fremont commercial property leases totaled 20.4 million ...Read more

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US producer price index rises on higher energy, food costs

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U.S. wholesale inflation picked up in September from a month earlier on higher energy and food costs that offset more modest advances in other consumer goods.

The producer price index rose 0.3% from a month earlier after easing in August, according to the Bureau of Labor Statistics. The increase matched the median projection in a Bloomberg ...Read more

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More tech upgrades bump Best Buy's sales, but home purchases still lag

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Best Buy is starting to see signs that consumers are ready to trade in electronics they bought during the pandemic. But with economic uncertainty still weighing on shoppers, many are holding out for better deals before upgrading.

The Richfield, Minn.-based retailer has been waiting for several trends to turn in its favor, including new tech ...Read more

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US consumers dial back in sign of anxiety heading into holidays

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U.S. consumers showed signs of fatigue leading up to the longest government shutdown, and their outlook has worsened ever since, sending a note of caution heading into the holiday-shopping season.

Retail sales, not adjusted for inflation, rose a tame 0.2% in September after several months of more robust spending, according to data released ...Read more

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A 3-year-old's epilepsy care is uncertain due to UnitedHealth-Fairview dispute

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CHANHASSEN, Minnesota — Keeping Parker McEnaney smiling has required well over a dozen expensive drugs, a medevac flight to California and the expertise of just about every specialty team at M Health Fairview Masonic Children’s Hospital in Minneapolis.

A cord snaking into the 3-year-old’s grippy sock connects to a device reading her pulse...Read more

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How Starbucks tried to quash union activity

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On Feb. 14, 2022, a Starbucks manager pulled Michaela Sellaro aside for a meeting.

Just a few weeks earlier, Sellaro and a group of her fellow baristas at the coffee shop at 2975 East Colfax Ave. in Denver informed the company’s CEO that they planned to organize a union.

In the early afternoon, at a table by the windows, the store and ...Read more

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Workers sue WA's biggest employers over limits on taking a second job

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Across Washington state, people have found creative ways to cobble together a livable income by working multiple jobs.

But some people seeking extra work find themselves facing an unexpected obstacle: their employers.

Many companies curtail the ability of their employees to “moonlight,” as the practice is commonly known, particularly for ...Read more

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Why an unproven air taxi company is spending $126 million to take over a Los Angeles airport

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Hollywood movies have featured flying taxis for decades, but it wasn't until this month that a Silicon Valley company invested in a real-world hub for futuristic flying machines in Los Angeles.

Archer Aviation is building electric vertical takeoff and landing aircraft, or eVTOL, to shuttle small groups over dense urban areas. The company is ...Read more

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Amazon is shedding software developer jobs in San Diego. Is AI to blame?

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Retail giant Amazon plans to shed more than 100 San Diego jobs related to software development, which has been tied to artificial intelligence gains and a struggling video game division.

Amazon will lay off 145 workers in San Diego, with their last day set as Jan. 26, said a WARN notice required by state law. It was part of a nationwide layoff ...Read more

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Flying for Thanksgiving? Airlines say travel is back to normal after delays and cancellations earlier this month

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Travelers heading to O’Hare International and Midway airports this week can rest assured that a government shutdown-related national air traffic meltdown has been averted, airlines said.

Passengers can expect things to be mostly back to normal after a rocky period this fall, airlines said. Earlier this month, the Federal Aviation ...Read more

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Incoming CEO is writing Target's next chapter, including largest store overhaul in a decade

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Brian Cornell opened Target’s earnings call last week by listing his accomplishments as CEO and taking responsibility for the company’s current woes.

Then, in a pass-the-baton moment, he turned the mic over to his successor, company veteran Michael Fiddelke, who laid out the early details of his turnaround plan: an extra $1 billion to ...Read more

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A ride-hail driver crashed on a SoCal freeway. D.A. says they were set up by their passengers

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A car crash on a Southern California freeway last year was a staged wreck to scam a ride-hail driver's insurance company, authorities said Monday.

On Nov. 23, 2024, a group of suspects ordered a ride-hail car that took them onto the 215 Freeway in San Bernardino, where John Murillo, 37, was driving another vehicle and intentionally collided ...Read more