Several top executives are leaving Universal Music Group, including the heads of Def Jam Recordings and Republic Records, while other leaders prepare to take on larger roles, according to an internal announcement on Wednesday.

Republic Records Chairman and Chief Executive Jim Roppo is among the biggest names leaving. Hours after news of his ...Read more

OpenAI agreed not to use trade secrets that Apple Inc. claims were stolen by employees who defected from the iPhone maker to the artificial intelligence startup while a legal fight between the companies plays out.

The ChatGPT maker made the voluntary concession during a court hearing Wednesday in which a federal judge said he was “highly ...Read more

Operation Metro Surge cost Minnesota 32,000 jobs, a new study found.

The job losses followed the immigration crackdown between December and February, which included about 4,000 arrests, according to the report by the Minnesota Budget Project and the Immigration Research Initiative. It’s the latest report showing the economic harm caused to ...Read more

Half of the 12 Federal Reserve districts saw robust or intensifying price pressures in recent weeks as higher energy prices permeated the local economies, according to a survey of the central bank’s regional contacts.

Businesses in many of the central bank’s districts also noted inflation from other commodities, tariffs and insurance, ...Read more

U.S. mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.

The contract rate on a 30-year fixed mortgage ticked up 1 basis point to 7.50% in the week ended Oct. 9, still the highest level since November 2023, according to Mortgage Bankers Association data released Wednesday. Rates are up nearly 1 ...Read more

For Kathryn Branham, the cost of a blood thinner she and her terminally ill husband both take could jump by hundreds of dollars a month if they can no longer order the medication from a Canadian pharmacy.

Branham estimates the Royal Oak, Michigan, couple pays about $300 a month for Eliquis through a pharmacy in British Columbia, compared with ...Read more

Monthly checks for nearly 72 million Americans receiving Social Security benefits will increase by 3.6% in 2027, the most in four years.

The cost-of-living adjustment, known as COLA, will apply to Social Security benefits starting in January and increase the average benefit for retired workers by $75 per month to $2,170, the Social Security ...Read more

My dream house is going to have a home theater room with a big screen.

Sadly, my current house doesn’t have a good spot for a permanent screen.

I’ve reviewed half a dozen very nice projectors, and they all had to be placed 6 or 8 or 10 feet from the screen. The thing about projecting an image that far is that the projector light source has...Read more

Stef Garcia stands in front of her phone and sells, sells, sells.

The former reality television worker who lives in North Hollywood shows off a neon-green watch in a live video as viewers bid on her rapid-fire offers. She gives shoppers seven seconds to bid.

"Don't lose it for a dollar," Garcia says, counting down.

"Let's go!" screams her co-...Read more

Character.ai, a California startup that has faced lawsuits over allegations that chatbots created on its platform harmed the mental health of teens and led to copyright issues, filed for Chapter 11 bankruptcy.

The Menlo Park-based company runs an app that allows people to create and interact with chatbots who mimic celebrities, historical ...Read more

When President Donald Trump backed away from threats to strike Iranian power plants on March 23, it sparked a frenzy of buying and selling across oil, equities and other markets.

Traders had grown accustomed to prices lurching wildly on developments in the Middle East. But this time, some bettors had timed it perfectly. Billions of dollars’ ...Read more

Legacy carmakers won’t likely be able to match Chinese rivals on price and may already have missed first-mover advantage on electric and software-developed vehicles, according to a report by Mobility Global Inc.’s automotive analysts.

The paper, which the research firm released Tuesday, projects established automakers will retain the upper...Read more

UnitedHealth Group is gaining steam on a turnaround as it heads into a critical enrollment season for its Medicare Advantage business.

The Eden Prairie, Minnesota-based health care giant reported third quarter results Tuesday that surpassed profit expectations, showing ongoing progress under chief executive Stephen Hemsley toward profitable ...Read more

In news that surprises no one, Philadelphia was recently named the worst city for drivers.

That’s according to a WalletHub survey released last week that compared the 100 most populated U.S. cities “across 30 key indicators of driver-friendliness.”

The metrics did not take into account the actual friendliness of the drivers. Instead, ...Read more

NEW YORK — Elon Musk’s SpaceXAI is expected to testify at a City Council hearing about artificial intelligence on Friday — coming after the company was subpoenaed by the legislative body.

The Council previously tried to get the company to testify at a nearly 10-hour hearing last week, when representatives from OpenAI, Anthropic, Google ...Read more

Pennsylvania Gov. Josh Shapiro on Tuesday announced the state will invest $371 million in the Port of Philadelphia, a commitment he said will help create thousands of jobs and boost the port’s capacity to handle container cargo and automobiles.

Shapiro said the state funding will “unlock” at least $200 million in private investment and $...Read more

Los Angeles is getting a new all-electric ride hailing service as Vietnam’s Green SM launches in the city.

Its cyan-colored vehicles will compete with Ubers, Lyfts and autonomous taxis to shuttle customers across busy streets and freeways. The vehicles arrive amid a surge in transportation options as several robotaxi companies ramp up ...Read more

A whistleblower investigation into hiring practices at the California Department of Education sparked an update to the agency’s nepotism policy. A manager, who served as part of an interview panel, was found to help a “close friend” get a job at CDE.

The employee applied for a job in April 2024. The employee and manager were often seen ...Read more

Walmart Inc. plans to cover more than 250 prescription drugs without charge for its employees and add other health benefits to attract and retain workers at a time when many companies are raising healthcare costs.

The list of covered medications includes many generics alongside some in-demand branded drugs such as Novo Nordisk A/S’ Ozempic ...Read more