Avid Technology, the editing software company, is the latest entertainment industry player to introduce AI into its toolbox.

The company behind industry-standard platforms Pro Tools and Media Composer said it is entering a multi-year partnership with Google Cloud.

The goal is to implement both generative and agentic AI so that users can turn ...Read more

Applications for U.S. unemployment benefits fell last week, indicating that layoffs remain largely limited.

Initial claims decreased by 11,000 to 207,000 in the week ended April 11, marking the biggest one-week drop since February, according to Labor Department data released Thursday. Claims data can be volatile around holidays, and the latest ...Read more

Stellantis NV has hired longtime Hyundai Motor Co. executive Michael Orange for a top role under CEO Antonio Filosa as the automaker attempts to jumpstart its U.S. sales this year, three people familiar with the move said.

The automaker confirmed Thursday that Orange was appointed to lead its U.S. sales and network performance and would report ...Read more

ORLANDO, Florida — At a west Orlando Walmart, Natilee Hamilton carefully considers the cost of each item she places in her cart as she struggles to adhere to a budget outpaced by inflation.

It is a balancing act that extends beyond the grocery store. In the past few years, she’s had to defer dental work, eye exams and home repairs because ...Read more

A union representing more than 40,000 workers across the University of California campuses and medical centers announced Wednesday that it would launch an open-ended strike next month unless its contract demands are met, opening up the possibility of postponed medical procedures, limited cleaning at hospitals and campuses and reductions in ...Read more

The modern Ford Motor Co. has emerged, CEO Jim Farley declared Wednesday as the company detailed some restructuring and said it will refresh 80% of its North American vehicle volume by 2029 as part of efforts to compete against new competitors like Chinese brands.

Also announced Wednesday is that former Apple Inc. executive Doug Field, Ford's ...Read more

Stellantis NV said Wednesday its global shipments in the first quarter grew 12% year-over-year to about 1.4 million vehicles — a welcome sign for the transatlantic automaker as it seeks to bounce back from a tough 2025.

Shipments surged 17% to 379,000 vehicles in North America. CEO Antonio Filosa is especially focused on fixing that region ...Read more

Live Nation Entertainment Inc., the largest U.S. concert promoter and ticket seller, illegally monopolized the live events industry and overcharged fans, a New York federal jury concluded Wednesday.

Following a six-week trial, the jury found in favor of a coalition of 33 states and Washington D.C. who sued the company, handing a massive victory...Read more

Philadelphia officials have made no secret that as of this year’s Tax Day, they are applying the city’s Business Income and Receipts Tax — $1.41 per $1,000 of sales and $57.10 per $1,000 of profits — even when sales are under $100,000. That income used to be tax-exempt.

The city estimates 75,000 small-business owners may owe the tax for...Read more

A City Council majority failed Wednesday to override Mayor Brandon Johnson’s veto of their earlier measure freezing raises set to eliminate Chicago’s subminimum wage for waiters and other tipped workers.

Aldermen voted 30 to 19, short of the 34 needed to beat Johnson’s veto and keep current wages in place. The outcome secures ongoing ...Read more

A California woman has won a lawsuit against cruise giant Carnival Corp., in which the Florida-based company was found negligent for serving her at least 14 shots of tequila in an 8 1/2-hour period and liable for subsequent injuries she suffered while inebriated onboard.

A Miami federal jury ruled in the passenger’s favor on April 10 and ...Read more

President Donald Trump said he would fire Jerome Powell as chair of the Federal Reserve if he does not leave that post “in time,” and insisted that the Justice Department investigation into the central bank leader would continue.

“I’ll have to fire him, OK, if he’s not leaving on time. I’ve held back firing him. I’ve wanted to ...Read more

The biggest banks on Wall Street didn’t let record earnings stop them from trimming more than 5,000 jobs in the first quarter.

The bulk of the cuts were at Wells Fargo & Co., which reduced its headcount by 4,199 jobs in the first three months of the year, followed by Citigroup Inc. with 2,000 and Bank of America Corp. with 1,073. JPMorgan ...Read more

Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it's laying off 1,000 workers to reduce costs.

The Santa Monica, California, social media company is pursuing profitability and efficiency as it faces stiff competition for ad dollars from bigger rivals such as Facebook parent company Meta and Google.

Snap ...Read more

Mythos, a new artificial intelligence model that Anthropic PBC has teased as too dangerous to release, looked at first like a problem for banks. Days after the company announced the new technology, U.S. Treasury Secretary Scott Bessent summoned Wall Street leaders to make sure they were taking precautions to defend their systems, creating ...Read more

One of Los Angeles’ most influential home builders, KB Home, is relocating its headquarters out of state, becoming the latest high-profile firm to do so.

The company, which has been based in Los Angeles since 1963 and helped build its sprawling suburbs, is moving its main office to the Phoenix metropolitan area by spring 2027, in part to ...Read more

The California Air Resources Board on Tuesday announced it has made further tweaks to controversial updates to the state’s Cap-and-Invest program, in an attempt to balance competing concerns at a time when global events threaten to drive the cost of living in the Golden State even higher.

The proposed changes came as oil companies warned that...Read more

Looking at products released in the last few years, you’ll notice Apple is paying more attention to the lower cost end of the market.

These would include the iPad at $349, the MacBook Neo at $599 and, the subject of this week’s review, the iPhone 17e.

Apple has a way of positioning products in price tiers. The iPhone 17 family includes the...Read more