As aldermen weigh a long-shot chance of reworking Chicago’s infamous parking meter deal, some are citing one firm point.

“The worst-case scenario is the status quo,” Ald. Walter “Red” Burnett, 27th Ward, said.

But they are hoping to do better than that.

Several council members are attempting to find ways to force Stonepeak Partners,...Read more

Texas has dethroned California as the state with the most Fortune 500 companies.

The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years ago when the Golden State had the pole position.

The Lone Star State was ...Read more

Daniel Chi is on a couple of missions.

One, the chair of the Department of Finance at UNLV’s Lee Business School wants to increase financial literacy across Nevada. A recent study found that Nevada has the highest rate of credit card delinquencies and one of the highest overall debt burdens of any state.

About 3,000 students were taught ...Read more

Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.

While Paramount is hoping to avoid selling off anything, it’s open to sacrificing kids channels if the EU raises red flags over overlaps that pose a...Read more

The state of California is leading an effort to prepare a possible lawsuit that could thwart Paramount Skydance Corp.'s planned acquisition of Warner Bros. Discovery, a potential obstacle for the $111 billion deal.

The lawsuit, which could be filed as early as this month, would likely involve multiple states, according to a source familiar ...Read more

Two proposed multibillion-dollar gaming deals announced less than a week apart would put 17 Las Vegas Strip casino resorts under new ownership, prompting questions about whether the transactions will affect tens of thousands of employees who work for Caesars Entertainment Inc. and MGM Resorts International in Southern Nevada.

Combined, Caesars ...Read more

Negotiators for striking United Auto Workers members and automotive supplier Dauch Corp. remain at odds in contract talks, the union said Friday.

"Welcome to another day of bargaining with a company that doesn't listen for s***," said Josh Jager, bargaining chair for UAW Local 2093, in a video posted to social media.

He added: "We will ...Read more

The top lawyers for several states are drafting a legal challenge to Paramount Skydance Corp.’s $110 billion deal to buy Warner Bros. Discovery Inc., laying the groundwork for an antitrust suit over the Hollywood mega-deal.

After investigating for months whether the transaction would harm competition, senior officials in about 10 states have ...Read more

The Super Bowl at Santa Clara’s Levi’s Stadium in February is estimated to have injected about $720 million into the Bay Area economy, according to new analysis released by the nonprofit that helped bring the Big Game to the region.

“Super Bowl LX was truly a transformational event for the Bay Area,” Zaileen Janmohamed, president and ...Read more

President Donald Trump expressed interest in the U.S. government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week.

“There are concepts where pieces could be given to the American public, where the American ...Read more

The U.S. labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.

For newly installed Fed Chairman Kevin Warsh, the changing outlook is an early test of his ability ...Read more

An artificial intelligence backlash is growing, but it is unclear if it is enough to slow momentum.

Several high-profile news events recently took aim at the technology: Pope Leo XIV issued his first encyclical letter warning against unfettered AI growth; protests have broken out across the U.S. against data centers (including a high-profile ...Read more

SAG-AFTRA members overwhelmingly approved a four-year TV and film deal with major studios including Netflix, Disney and Warner Bros. Discovery on Thursday night, increasing minimum wages and addressing concerns about the use of AI performers.

The deal, which was expected to be approved, received the support of 91% of SAG-AFTRA members who voted...Read more

WASHINGTON — Gas prices have remained high due to the U.S.-Israeli war with Iran. But are they high enough to alter the business of the American auto industry?

Previous oil shocks driven by conflict in the Middle East have contributed to watershed moments in U.S. automotive history, first setting the table for fuel-efficient foreign ...Read more

A Trump family crypto venture is generating bumper profits from its foray into stablecoins, thanks partly to a promotional arrangement with Binance Holdings Ltd.

World Liberty Financial Inc., co-founded by U.S. President Donald Trump and his sons, is on track to generate nearly $150 million this year from issuing USD1, a dollar-pegged token it ...Read more

The U.S. labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.

For newly installed Fed Chairman Kevin Warsh, the changing outlook is an early test of his ability ...Read more

California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living remains high.

New economic indicators released this week show how the Golden State is grappling with the effects of the Iran war, as well as an AI explosion, which is ...Read more

As automakers vehicle lineups continue to swell and diversify, a simple fact remains: Consumers will always need commuter vehicles.

The sedan market continues to diminish in 2026, but Toyota seems determined to claim the biggest piece of the pie.

This week, we present the 2026 Corolla SE, Toyota’s entry-level, stripped-down commuter fit for ...Read more