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Lionel Laurent: Binance says everything is OK. It really isn't

Business / Business News /

The digital-asset industry has just suffered the biggest heist in its brief history with the $6.3 billion hacking of Binance, the No. 1 crypto platform. Yet the messaging from the top is that things are going to be A-OK.

The company has promised to cover all losses and it says customer funds are safe. The traceability of blockchain transactions...Read more

Spencer Platt/Getty Images North America/TNS

Half of Americans' spending goes to housing and food, most in 15 years

Business / Business News /

Housing and food made up nearly half of U.S. households’ spending in 2025, the most in 15 years amid rising rents, homeowner costs and beef prices.

On average, American families spent $1,988 more on the two categories combined than in 2024, according to Bureau of Labor Statistics data. And that was before the Iran war sent some grocery prices...Read more

Richard B. Levine/Levine Roberts via ZUMA Press/TNS

Kalshi, Polymarket piled on media deals ahead of the midterms

Business / Business News /

Prediction markets have become a growing source of revenue for media companies just ahead of the midterm elections, but not everyone thinks the proliferation of gambling odds in political reporting is a good thing.

A number of news organizations, including CNN, CBS News, Dow Jones, and CNBC have struck business partnerships with prediction-...Read more

Jerry Holt/Star Tribune/TNS

Morgue mix-up disrupts family plans for Jewish mourning tradition

Business / Business News /

A Minneapolis woman is suing Abbott Northwestern Hospital, claiming a mix-up robbed the family of following Jewish traditions after her mother’s death.

The daughter’s lawsuit accuses Abbott’s Minneapolis campus and a cremation business of breach of duty after Suzanne Trumbull died on Mother’s Day at the Minneapolis hospital and her body...Read more

Stellantis/Stellantis/TNS

Auto review: 2027 Fiat Topolino: The mouse that roars … eventually

Business / Business News /

Fiat has built an electric runabout so small, so slow, and so outrageously adorable that you half expect it to come with a saucer of milk. It’s the 2027 Fiat Topolino, and it’s irresistibly loveable.

Not because it’s fast. It isn't. Not because it’s luxurious. It isn't that, either. And certainly not because it represents some ...Read more

Henry Payne/The Detroit News/TNS

Auto review: On the town in the attractive, redesigned Chrysler Pacifica

Business / Business News /

RICHMOND, Michigan — America’s’ most versatile, three-row vehicle finally has an exterior to match its interior talents.

The 2027 Chrysler Pacifica minivan has a new face, and it’s a looker.

Designed by Tajikistan immigrant Irina Zavatski, the original 2017 Pacifica redefined the dowdy minivan segment. Then the minivan took an ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Lincoln Navigator moves people in American style

Business / Business News /

While the Ford Motor Co. continues to produce mass-market trucks and SUVs for the everyday consumer, its upscale Lincoln brand is focused on delivering an experience to consumers that is unforgettable.

Whether it be from technology or styling or even ride quality, Lincoln is here to prove one thing: that it is the upscale American luxury brand ...Read more

Antonio Perez/Chicago Tribune/TNS

AI is creeping into the names of these tech companies

Business / Business News /

What’s in a name? For a growing number of companies, it’s a chance to more closely associate their operations with the artificial intelligence boom.

Some firms have gone lengths to add “AI” to their company names, while others have taken the more subtle step of renaming their website domains or products.

Experts say it’s all a move ...Read more

Robin Buckson/The Detroit News/TNS

GM is late to hybrids. Experts say there's still time to cash in

Business / Business News /

General Motors Co.'s new mainstream hybrid offerings are on the way just as momentum around the mixed gas-and-electric models is moving into a higher gear, analysts said.

But the Detroit automaker needs to catch up after years ago abandoning hybrids — and popular smaller vehicles — for profit-rich trucks and EVs — a weak spot CEO Mary ...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

Evan Ramstad: The Great Wrecking of Minnesota still underway, 10 months later

Business / Business News /

Ten months after The Great Wrecking of Minnesota, the state remains battered by a brutal federal police action and frenetic reactions to fraud against government.

What unfolded during those bitter, icy days of winter 2025-26 still reverberates in every community in Minnesota. I’m sure I’m one of many Minnesotans who will think of nothing ...Read more

Dreamstime/Dreamstime/TNS

Zillow to pay shareholders $212.5 million in legal settlement

Business / Business News /

Nearly five years after shuttering its home-flipping business, Zillow has agreed to pay investors more than $200 million to settle claims that the company artificially inflated its stock price.

The Seattle-based real estate company disclosed in an SEC filing Wednesday that it agreed to pay $212.5 million to settle a class-action lawsuit, with $...Read more

Karl Mondon/Getty Images North America/TNS

AI industry's gamble on Trump crashes into new political reality

Business / Business News /

Trade disputes. Regulatory challenges. “Shifting public sentiment.”

Indications of a changing political wind are peppered throughout the latest filings from Meta Platforms Inc. as the firm readies plans to seek a record $98 billion share sale. There may be new taxes, Meta acknowledged, or regulations that will further “increase our ...Read more

I-HWA CHENG/Getty Images North America/TNS

Nvidia CEO says ties to company under spying probe were 'normal'

Business / Business News /

Nvidia Corp. Chief Executive Officer Jensen Huang said the chipmaker’s dealings with Megaspeed International were “normal and not unusual” following a New York Times report that one of the Singapore firm’s executives is under investigation for spying on behalf of China.

Nvidia’s relationship with Megaspeed’s officials was proper, ...Read more

Andreistanescu/Dreamstime/TNS

Google erases a record $500 billion as AI eats into sales

Business / Business News /

Alphabet Inc.’s shares fell more than 13%, erasing more than $500 billion in its biggest-ever market plunge, after the company reported disappointing search and advertising sales that reinforced investor concerns about AI’s threat to its core business.

The Google parent reported sales, excluding partner payouts, of $111.2 billion for the ...Read more

Justin Sullivan/Getty Images North America/TNS

DoorDash to buy Instacart for $17 billion

Business / Business News /

DoorDash announced Thursday it will buy rival Instacart for $17 billion in a deal that the company says will help local businesses compete with delivery giants such as Amazon and Walmart.

One of the most popular app-based delivery services in the U.S., DoorDash delivers hot meals from restaurants as well as groceries and other items from stores...Read more

Noah Berger/Getty Images North America/TNS

Amazon earnings fall short as retail revenue lags

Business / Business News /

Amazon missed earnings estimates on Thursday, as less-than-impressive sales growth in its retail division undermined strong cloud-computing revenue.

Though the bulk of Amazon’s $201.9 billion revenue from July through September came from its e-commerce business, the Seattle-based tech giant’s cloud-computing division, Amazon Web Services, ...Read more

Dean Rutz/The Seattle Times/TNS

WA landlords can ignore tenant unions, and Tacoma wants to change that

Business / Business News /

TACOMA, Washington — Below the warm glow of string lights in their century-old apartment building, Bearett Hoffmann and his neighbors overwhelmingly voted to do something that may sound terrifying to many renters: voluntarily stop paying their utility bills.

By standing together, the renters hope they can pressure their landlord to change the...Read more

Jennifer Buchanan/The Seattle Times/TNS

At Seattle AI Week, upbeat tech industry outlook is met with protests

Business / Business News /

Hundreds of people gathered in Seattle this week to discuss the region’s future as a hub for artificial intelligence research and businesses, but disruptions by climate activists underscored the rising tension surrounding the technology.

During Seattle AI Week’s opening panel on Monday, demonstrators in the audience confronted Beau ...Read more

Jason Armond/Los Angeles Times/TNS

California's billionaire tax battle is playing out on Instagram -- with paid influencers

Business / Business News /

As California decides whether to slap billionaires with a special tax, the Golden State's swarm of social media stars is chiming in — and increasingly getting paid to influence voters.

Unlikely influencers, from foodies to mothers to retirees, are weighing in on Proposition 40, a one-time 5% tax on the assets of the state's roughly 200 ...Read more

Andreistanescu/Dreamstime/TNS

Google erases a record $500 billion as AI eats into sales

Business / Business News /

Alphabet Inc.’s shares fell more than 13%, erasing more than $500 billion in its biggest-ever market plunge, after the company reported disappointing search and advertising sales that reinforced investor concerns about AI’s threat to its core business.

The Google parent reported sales, excluding partner payouts, of $111.2 billion for the ...Read more