Paramount Global is for sale. Who’s buying and how did we get here?
A for-sale sign has appeared on the lawn of Paramount Global, home of one of the most storied movie studios in Hollywood, popular television network CBS, and several other legacy brands and franchises.
Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy
WASHINGTON — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May.
Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules
DOVER, Del. — Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.
China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion
HONG KONG — A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden.
Kroger, Six Flags, JetBlue struggle for merger approvals that thousands of deals get
Most proposed mergers slide through the government’s antitrust review process.
Houthi attacks in the Red Sea are idling car factories and delaying new fashion. Will it get worse?
WASHINGTON — Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company that makes hospital supplies doesn’t know when to expect parts from Asia.
High speed rail mock-up at Cal Expo shows what might await California bullet train travelers
The plywood train mock-up in a Sacramento exhibit hall offers a glimpse of the experience that could be offered for high-speed rail passengers traveling between Merced and Bakersfield at 220 mph.
How To Tech: Why it’s important to turn on Apple’s new Stolen Device Protection
LONDON — You’re in a crowded bar when a thief watches you unlock your iPhone with your passcode, then swipes it. That sinking feeling hits when you realize it’s gone, along with priceless photos, important files, passwords on banking apps and other vital parts of your digital life.
Billionaire backers of new California city seek voter approval after stealthily snapping up farmland
RIO VISTA, Calif. — After years of secretly snapping up farmland for a new city northeast of San Francisco, the CEO of a company backed by Silicon Valley billionaires pitched voters Wednesday on his vision for a walkable, affordable community that would appeal to their California pride.
Latest EPA assessment shows almost no improvement in river and stream nitrogen pollution
ST. LOUIS — The nation’s rivers and streams remain stubbornly polluted with nutrients that contaminate drinking water and fuel a gigantic dead zone for aquatic life in the Gulf of Mexico, according to a recently released Environmental Protection Agency assessment.
Inside Pitchfork’s absorption into GQ: When ‘music media’ becomes ‘men’s media,’ what’s lost?
LOS ANGELES — Nearly three decades after it was established, Pitchfork, the most influential music publication of the internet age with the power to make or break an artist, is being absorbed by another entity — a men’s fashion and style magazine.
Hot dogs and chickens by the millions: Just how big was Costco’s 2023?
With hundreds of millions of products sold, Costco’s 2023 fiscal year was as big as its warehouses, company officials told shareholders at its annual meeting Thursday.
JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
DALLAS — A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
Supreme Court rebuffs Apple’s appeal on app payments, threatening billions in revenue
WASHINGTON — The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, potentially siphoning billions of dollars away from one of the world’s most profitable companies.,
Following review, Business Insider stands by reports on wife of ex-Harvard president’s critic
NEW YORK — Business Insider’s top executive and parent company said Sunday they were satisfied with the fairness and accuracy of stories that made plagiarism accusations against a former MIT professor who is married to a prominent critic of former Harvard President Claudine Gay.
From housing to energy to food, US inflation picks up, though some costs rise only mildly
WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one.
Engine maker Cummins to repair 600,000 Ram trucks in $2 billion emissions cheating scandal
DETROIT — Engine maker Cummins Inc. will recall 600,000 Ram trucks as part of a settlement with federal and California authorities that also requires the company to remedy environmental damage caused by illegal software that let it skirt diesel emissions tests.
Sick of waiting in line to make returns? Some shoppers are hiring people to do it for them
Debbie Greenberg doesn’t mess around in January.
Robot baristas and AI chefs caused a stir at CES 2024 as casino union workers fear for their jobs
LAS VEGAS — The barista tipped the jug of smooth, foamy milk over the latte, pouring slowly at first, then lifting and tilting the jug like a choreographed dance to paint the petals of a tulip.
CES 2024 updates: The most interesting news and gadgets from tech’s big show
LAS VEGAS (AP) — CES 2024 kicks off in Las Vegas this week. The multi-day trade event put on by the Consumer Technology Association is set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more — with burgeoning uses of artificial intelligence almost everywhere you look.