Business
/ArcaMax
Newsom's budget includes $200M to make up for Trump's canceled EV rebates, among other climate items
Gov. Gavin Newsom on Friday doubled down on California’s commitment to electric vehicles with proposed rebates intended to backfill federal tax credits canceled by the Trump administration.
The plan would allocate $200 million in one-time special funds for a new point-of-sale incentive program for light-duty zero-emissions vehicles. It was ...Read more
Abandoned shops and missing customers: Fire-scarred businesses are still stuck in the aftermath
LOS ANGELES — The charred remains of the historic Pacific Palisades Business Block cast a shadow over a once-bustling shopping district along West Sunset Boulevard.
Empty lots littered with debris and ash line the street where houses and small businesses once stood. A year since the Palisades fire roared through the neighborhood, only a ...Read more
New Jersey's Petty's Island, now owned by Venezuela's Citgo, will soon belong to major conservative donor's firm
New Jersey has long coveted Petty’s Island, 300 acres in the Delaware River off Pennsauken, as a potential environmental and recreational haven with its grand views of Philadelphia.
Originally the hunting grounds of Native Americans, the island was later farmed by Quakers. Folklore claims pirate landings and an overnight stay by Ben Franklin....Read more
Harassment toward Somali businesses surges after viral video
Minnesota businesses are facing a wave of harassment and threats following a politically charged YouTube video accusing Somali-owned day care providers of defrauding the state, fallout that advocates say has intensified amid a broader immigration crackdown.
“Places that never had any type of media attention or were never connected to any type...Read more
Elon Musk's Grok bot restricts sexual image generation after global outcry
Elon Musk's Grok chatbot on Thursday started restricting the ability for non-paying users to create deepfake, sexualized images after global pushback from users and governments.
Late last month, some users began tagging Grok on Musk's social media platform X with prompts such as "put her in a bikini" to generate nonconsensual images of real ...Read more
Lutnick met homebuilders as Trump dials up affordability push
Commerce Secretary Howard Lutnick recently met with executives from major homebuilding companies, according to people familiar with the matter, part of President Donald Trump’s push to bolster his standing with voters on the economy.
The administration has held meetings in recent weeks aimed at sounding out the builders on ways to improve ...Read more
Jeep and Chrysler kill plug-in hybrid models for 2026
Jeep and Chrysler will stop making their plug-in hybrid models as Stellantis NV turns its focus to other hybrid powertrains, the automaker confirmed Friday.
"With customer demand shifting, Stellantis will phase out plug‑in hybrid (PHEV) programs in North America beginning with the 2026 model year, and focus on more competitive electrified ...Read more
US payrolls rise a below-forecast 50,000, unemployment lower
US employers added fewer jobs than expected in December, capping a yearlong slowdown in the labor market defined by cautious hiring and limited layoffs.
Nonfarm payrolls increased 50,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate edged down to 4.4%,...Read more
Auto review: Jeep Grand Cherokee serves all types of consumers
As Jeep enters Grasso’s Garage, it is always a mystery what parent company Stellantis is cooking up in the background. This week, it is the Jeep Grand Cherokee, Jeep’s five-passenger, well-known SUV. Fit for many and designed to accommodate all types of consumers, the Grand Cherokee is ready to hit the pavement with a fresh look.
Packed ...Read more
Auto review: At light speed in the Lucid Gravity -- call it CyberVan
TROY, Michigan — Mrs. Payne and I recently enjoyed “Tron: Ares,” an action-packed sci-fi movie featuring lightning-quick light bikes and glowing digital displays.
Then we climbed into our own Tron-mobile.
As I approached the 2025 Lucid Gravity SUV tester with key in pocket, the electric SUV awoke. Door handles popped out to meet us and ...Read more
Auto review: 2026 Dodge Charger Scat Pack: Two fewer cylinders, but same bad attitude
The Dodge Charger has always been an argument on wheels, preferably shouting, occasionally sideways, and often accompanied by tire smoke and poor judgment. Since 2006, when the nameplate was reintroduced after a two-decade hiatus, Dodge’s side of the argument has been simple: V-8 beats everything, and if you disagree, you’re probably French...Read more
Washington's tribes boost state economic activity with casinos, businesses
The scope of Washington's tribal economies is expanding its reach — and the tribes' reasoning is that's to the aid of all.
Tribes contributed $1 out of every $100 in the state's economy, according to a 2025 report on the economic and community benefits of tribes in Washington.
The report found that they generated at least $1.5 billion in ...Read more
'We've lost our bravery': Gaming entrepreneur calls on Vegas casinos to stop nickel-and-diming
A Las Vegas gaming entrepreneur has a simple message to casino companies to jump-start profitability — quit nickel-and-diming your gambling customers and come up with incentives for them to spend more when they visit.
Acres Technology founder and CEO John Acres, who has made a career of developing technological systems to encourage increased ...Read more
North Carolina promised a 'battery belt.' Where are the factories entering 2026?
Between 2021 and 2024, North Carolina welcomed a parade of lithium-ion battery factory projects promising to hire hundreds, if not thousands.
They were from companies you know, like Toyota, and ones you might not, like Forge Nano, Green New Energy Materials, Dai Nippon Printing and Epsilon Advanced Materials. Each was to be their manufacturer�...Read more
Musk's xAI reports wider quarterly loss, plans to power Optimus
Elon Musk’s artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents.
XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first ...Read more
Paramount stands by bid for Warner Bros. Discovery
Paramount is staying the course on its $30-a-share bid for Warner Bros. Discovery, again appealing directly to shareholders.
The move comes after Warner Bros. Discovery's board voted unanimously this week to reject Paramount's revised bid, in which billionaire Larry Ellison agreed to personally guarantee the equity portion of his son's firm's ...Read more
Trump tells Fannie, Freddie to buy $200 billion of mortgage debt
President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election.
Trump announced the move on Thursday in a social media post, saying “This will drive Mortgage Rates DOWN, monthly payments DOWN, and...Read more
As Arizona groundwater disappears, an agricultural giant agrees to use less
One of the largest farming businesses in Arizona has agreed to use less water and pay $11 million in a deal that state officials say will help preserve disappearing groundwater and provide financial help for residents whose wells have run dry.
Arizona Attorney General Kris Mayes announced the binding legal agreement with Minnesota-based dairy ...Read more
HBO Max announces bundle subscription with German streamer RTL+
HBO Max is taking steps to expand its reach into Germany, the latest move by a U.S. streaming platform to build out international programming.
As part of the launch, Warner Bros. Discovery's HBO Max has signed a bundling deal with leading local streamer RTL+.
Debuting on Jan. 13, the companies plan to share content under a joint subscription, ...Read more
GM reports $6 billion hit from now-unused EV investments
General Motors Co. on Thursday disclosed another $6 billion hit from unprofitable electric vehicle investments.
GM reported the loss to the Securities and Exchange Commission as what's known as an impairment charge. Impairment charges reflect assets that are not expected to bring in profits as initially expected.
Along with other EV makers, GM...Read more
Popular Stories
- 'We've lost our bravery': Gaming entrepreneur calls on Vegas casinos to stop nickel-and-diming
- Auto review: 2026 Dodge Charger Scat Pack: Two fewer cylinders, but same bad attitude
- North Carolina promised a 'battery belt.' Where are the factories entering 2026?
- Auto review: At light speed in the Lucid Gravity -- call it CyberVan
- Auto review: Jeep Grand Cherokee serves all types of consumers









