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Stocks fall, oil rises on fears war is escalating: markets wrap

Business / Business News /

Wall Street traders drove stocks to their longest weekly slide since 2022 on concern that a protracted war in Iran will keep oil prices elevated, fueling an increase in inflation and a slowdown in growth.

Equity losses accelerated into the close, with the S&P 500 dropping 1.7%. The Nasdaq 100 fell into a correction, sliding over 10% from its ...Read more

Nick Wagner/The Seattle Times/TNS

Kalshi 'prediction market' violates WA antigambling laws, AG says

Business / Business News /

SEATTLE -- Washington Attorney General Nick Brown sued Kalshi on Friday, calling the company’s claims to be a “prediction market” little more than a front for an illegal gambling operation.

The lawsuit, filed in King County Superior Court, accuses Kalshi of violating Washington’s relatively strict antigambling laws and using the company...Read more

WKRP in Raleigh? Yes, but probably not for long, as call sign goes up for sale

Business / Business News /

RALEIGH, N.C. -- If you’re of a certain age, the call letters WKRP may bring to mind the heyday of Top 40 radio, DJs Dr. Johnny Fever and Venus Flytrap or perhaps Thanksgiving turkeys falling from the sky.

What you probably don’t think of is Raleigh, North Carolina.

And yet since 2015, radio station WKRP-LP has broadcast from a tower in ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Acorns giving away thousands in cash from a Chicago vending machine during three-day investment promotion

Business / Business News /

CHICAGO – As banking giveaways go, fintech company Acorns is offering Chicagoans something a little more valuable than the traditional pens and calendars.

Acorns is handing out cold, hard cash.

On Thursday, Acorns debuted its compounding vending machine at Big Star Wrigleyville, an out-of-the-box promotion that replaces potato chips with ...Read more

Ronaldo Schemidt/AFP/GETTY IMAGES NORTH AMERICA/TNS

Backlash builds against AI-powered digital price tags in stores

Business / Business News /

MINNEAPOLIS — As more retailers bring AI-powered technologies into stores — including charging different customers different prices for the same item — union leaders and lawmakers are starting to push back.

Retail chains have long varied prices from store to store. But with AI, companies are experimenting with more data-driven pricing, ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Why Honda put the brakes on its all-EV future

Business / Business News /

Honda Motor Co. is having second thoughts about its Second Founding.

Along with General Motors Co. and Volkswagen AG, the Japanese automaker has been the most committed major legacy automaker to an all-electric vehicle future. Internally called the “Second Founding,” Honda’s electric vehicle transition was rooted in the company’s moral ...Read more

Henry Payne/The Detroit News/TNS

As carmakers shift to digital dashboard, lawmakers push to keep AM radio

Business / Business News /

Randy Brooks will never forget the day he had to break the news — live on the air — to a woman that her husband had perished in a tornado.

The KIXQ country music radio host had been tapped to help with 24-hour news coverage in the wake of a massive tornado that decimated Joplin, Missouri, in 2011. With electricity and communication grids ...Read more

Chevrolet/TNS

Unsheathed: The Corvette Grand Sport is back, badder than ever

Business / Business News /

The mid-engine Corvette didn’t forget about the Grand Sport.

Chevrolet’s eighth-generation supercar has broken the mold since the sheets were taken off the 2020 model year Stingray. First ‘Vette with the engine amidships. First electrified Corvette. First with all-wheel-drive. First 8,000-RPM, screaming, overhead-cam V-8 derived from the ...Read more

Justin Sullivan/Getty Images North America/TNS

Stephen L. Carter: Meta and Alphabet's courtroom losses may not last

Business / Business News /

Social media biggies have taken it on the chin from juries this week. And although, for reasons I’ll get to, I’m skeptical that the verdicts will hold up on appeal, I do think there are some important lessons here.

The cases themselves are, by now, well known. On Tuesday, a jury in New Mexico awarded $375 million against Meta Platforms Inc....Read more

Jeep will show off these five concepts at Moab off-roading festival

Business / Business News /

Jeep has brought five concept vehicles to the red rock testing grounds of Moab, Utah for next week's Easter Jeep Safari.

In its 60th year, the Safari usually draws around 20,000 off-roading enthusiasts — and a couple thousand customized Jeeps — each spring to the southern Utah town of 5,000 residents. Throughout the week they prowl dozens ...Read more

Justin Sullivan/Getty Images North America/TNS

Michael Hiltzik: How a custody fight over an old dog showed why lawyers should never trust AI to tell the truth

Business / Business News /

The seemingly limitless proliferation of cases in which lawyers have been caught letting fictitious AI-generated legal citations contaminate their briefs continues to amaze.

That's not only because judges are fining more lawyers for their laziness, but because the publicity about these embarrassments has been inescapable.

Here's one involving ...Read more

US consumer sentiment slips as inflation outlook worsens

Business / Business News /

U.S. consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.

The University of Michigan’s final March sentiment index fell to 53.3 from a preliminary reading of 55.5, according to a report released Friday. The survey period includes responses ...Read more

Ford CEO Farley's 2025 pay rose on quality, software results

Business / Business News /

DETROIT — Ford Motor Co. reported the value of CEO Jim Farley's 2025 compensation package as $27.5 million — up 11% from 2024's $24.9 million.

The total package that Farley, 63, earned in 2025 included an unchanged base salary of $1.7 million and lower stock awards. The package value's increase was attributable to a higher bonus from ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Auto review: Multi-talented Q3 a welcome mat to Audi brand

Business / Business News /

SAN LUIS OBISPO, Calif. — This year Audi debuted its $16 million (estimated), 1,000-horsepower, hybrid-V6-powered R26 Formula One race car to compete in the world’s fastest, highest-tech single-seater motorsport.

The 2026 255-horse, turbo-4-powered Audi Q3 SUV ain’t too shabby, either.

Quick, high-tech and, unlike the F1 car, the $44,995...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Q&A: Subaru product lead explains how new EV trio meets buyer needs

Business / Business News /

LAGUNA BEACH, Calif. — Subaru Corp. has established a loyal following in the United States making rugged, go-anywhere, dog-friendly, gas-powered hatchbacks and SUVs.

Though its wanderlusting customer base leans green, Subaru has struggled to sell electric vehicles because of range and charging limitations. For 2026, Subaru thinks it has ...Read more

CN-STR/AFP/Getty Images North America/TNS

China is ripping up the rulebook for the global auto industry

Business / Business News /

A Chinese-made Leapmotor C10 was traveling down Germany’s fast-moving Autobahn last year when the driver-assistance system braked sharply and jolted it to the side, as if boxed in by scooters in a crowded China megacity.

Leapmotor International’s Germany head, Martin Resch, was at the wheel and emailed engineers in Hangzhou to report the ...Read more

Brown-Forman/TNS/TNS

Kentucky whiskey company Brown-Forman confirms it's talked merger with Pernod Ricard

Business / Business News /

LEXINGTON, Ky. — Louisville-based spirits company Brown-Forman on Thursday evening confirmed it is engaged in talks with a competitor about a potential merger.

Both Bloomberg and Reuters reported Thursday that spirits industry powerhouses Brown-Forman and Pernod Ricard have discussed a potential merger, and Brown-Forman later Thursday ...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

Shortage of air traffic controllers triggers heavy delays at San Diego airport

Business / Business News /

SAN DIEGO — San Diego International Airport was experiencing heavy delays Thursday evening because of a shortage of air traffic controllers.

The airport automatically must slow the number of flights at the airport if the number of air traffic controllers falls below a certain level, based on Federal Aviation Administration rules.

Airport ...Read more

Fabrice Coffrini/GETTY IMAGES NORTH AMERICA/TNS

Anthropic wins court order pausing Trump ban on AI tool

Business / Business News /

Anthropic PBC won a court order blocking a Trump administration ban on government use of the company’s artificial intelligence technology, after the Claude chatbot maker argued the move could cost it billions in lost revenue.

US District Judge Rita F. Lin issued a preliminary injunction on Thursday, pausing the administration’s plan to ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Netflix prices are rising again, hitting $27 a month

Business / Business News /

LOS ANGELES — Netflix prices in the U.S. are going up — again.

For the second time in a little over a year, the streaming service will demand a few more dollars a month from its subscribers. Netflix's standard plan with ads will now cost $8.99, up $1. Both the prices for the standard plan with no ads and the premium plan are rising by $2, ...Read more