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Ivy Ceballo/Tampa Bay Times/TNS

Florida's high-speed rail line is filing for Ch. 11 bankruptcy protection

Business / Business News /

Some parent companies of Brightline, the high-speed rail line that promised to connect Orlando to Tampa, will soon file for Chapter 11 bankruptcy protection.

The Miami-based rail service covers areas of South and Central Florida, including a trip from Orlando to Miami. The filing is part of the company’s effort to restructure about $5.5 ...Read more

Imen Ben Youssef/Getty Images North America/TNS

Anthropic faces court setback on US supply chain risk label

Business / Business News /

A federal appeals court in Washington rejected Anthropic PBC’s challenge to a Trump administration designation of the artificial intelligence company as a supply-chain risk to U.S. national security, but an earlier ruling by a judge in California that lifted a government ban appears to remain in place for now.

The 2-1 decision on Friday from ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Soaring diesel prices squeeze truckers, farmers as costs hit consumers

Business / Business News /

DETROIT — Paul Russo can't afford to absorb the rising cost of diesel.

The president of Wayne, Michigan-based Wayne Industries, a steel hauler, has levied a fuel surcharge for about a decade. But as diesel fuel prices have climbed, the percentage he adds to his trucking rates has climbed with them. Russo now is charging a 45% fuel surcharge ...Read more

Dreamstime/Dreamstime/TNS

California's oldest family-owned winery declares bankruptcy as wine industry struggles

Business / Business News /

California's oldest family-run winery has filed for bankruptcy protection, another sign of the struggles in the wine industry.

The family behind Gundlach Bundschu, founded in Sonoma County in 1858, said it couldn't reach an agreement with lenders to restructure its debt, so it filed for Chapter 11 bankruptcy protection to buy breathing room as ...Read more

Laura Brett/ZUMA Press Wire/TNS

Kalshi's backroom tax victory gives it leverage in legal fights

Business / Business News /

A day before it came up for a vote, North Carolina's massive budget was posted with a handful of new paragraphs inserted on page 626, near the end of the document, with little time for public vetting or changes.

The hasty edit — imposing a 6% tax on prediction market trading fees in the state — was made shortly after staffers for Speaker of...Read more

Henry Payne/The Detroit News/TNS

Auto review: Road trip in the BMW-Lite, Mazda CX-70

Business / Business News /

WARKINS GLEN, New York — Atop the hills overlooking Seneca Lake, Watkins Glen International Raceway is one of America’s greatest racetracks with a history of hosting everything from Formula One to endurance sportscar to NASCAR races.

But before the dedicated, 3.5-mile track opened in 1956, sportscars raced on an epic, 6.6-mile road course ...Read more

Kia/Kia/TNS

Auto review: Kia puts Telluride's attitude into its $25,000 SUV. Too bad about the Turbo

Business / Business News /

We confuse efficiency with virtue. Today, everything must be optimized, streamlined and squeezed until the pleasure has been wrung out. Give the customer exactly what’s promised. Not a farthing more. Not a calorie more. Not even a molecule of joy.

Accountants love this. They’ve become the high priests of mediocrity, preaching margin ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Nissan Pathfinder continues down the right path

Business / Business News /

While rivals force buzzing turbocharged four-cylinders onto families, Nissan keeps what works: a tried-and-true, naturally aspirated 3.5-liter V-6 engine.

Pushing 284 horsepower and 259 pound-feet of torque, the Pathfinder delivers smooth, honest power. And to top it all off, CVT is dead. The crisp nine-speed automatic transmission provides ...Read more

Scott Olson/Getty Images North America/TNS

Costco clinches $184M in tariff refunds, with more expected

Business / Business News /

Costco confirmed it received $184 million in tariff refunds, with more on the way, according to its latest earnings call.

On Thursday, the big-box retailer said the money was reinvested to give value back to our members" and was dispersed across everyday products and nonfood goods. Chief Financial Officer Gary Millerchip said the company ...Read more

Joel Saget/Getty Images North America/TNS

Anthropic strikes $12 billion AI computing deal with Akamai

Business / Business News /

Anthropic PBC has signed an $11.6 billion, seven-year contract with Akamai Technologies Inc. for computing power, adding to the AI developer’s growing list of data center deals.

Akamai will supply Anthropic access to central processing units, or CPUs, a type of generalist chip that’s seen renewed demand in data centers where it’s helping ...Read more

Dreamstime/Dreamstime/TNS

Walmart to pay California $16 million after selling expired baby formula

Business / Business News /

OAKLAND, California — A settlement between retail giant Walmart, Inc. and the state of California will force the corporation to pay $16 million to the state for selling infant formula and other over-the-counter drugs after their expiration dates. authorities said.

Alameda County District Attorney Ursula Jones announced the settlement in a ...Read more

Mark Youso/Dreamstime/TNS

Millions of Americans get discount prescriptions from Canada. That back-door arrangement is about to close

Business / Business News /

A back-door discount pharmacy arrangement that millions of Americans use to fill prescriptions in Canada and other international drugstores will close next month.

Effective Oct. 22, the Trump administration will tighten trade rules, which will make filling low-cost prescriptions at foreign pharmacies all but impossible for Americans, experts ...Read more

Al Seib/Los Angeles Times/TNS

Judge holds off on ruling in states' antitrust settlement with Paramount

Business / Business News /

A federal judge declined Thursday to rule immediately on a proposed settlement between Paramount Skydance and 12 state attorneys general, leaving the last major legal hurdle to the studio’s $111-billion acquisition of Warner Bros. Discovery unresolved for now.

U.S. District Judge Araceli Martínez-Olguín did not indicate how she would rule, ...Read more

David McNew/Getty Images North America/TNS

Hollywood would get 20% federal film tax credit under proposed new bill

Business / Business News /

A bipartisan group of Congressional leaders officially introduced a bill to create a federal film and television tax credit, a long-sought goal for many in Hollywood who say it’s necessary to help bring production back to the U.S.

The bill, known as the Motion Picture, Television and Entertainment Revitalization Act, would establish a 20% tax...Read more

Real estate Q&A: How do we fix title company's issue with solar panels on home we're selling?

Business / Business News /

Q: We are selling our home and thought we were days away from closing. Then the title company found a “UCC” filing for the solar panels we leased a few years ago, and now the buyer’s lender is refusing to move forward until it is cleared up. We had no idea this was a problem. What is going on, and how do we save our sale? — Howard

A: Do...Read more

David Guralnick/The Detroit News/TNS

Stellantis pauses white-collar hiring

Business / Business News /

Stellantis NV has paused white-collar hiring in Auburn Hills, a reversal from earlier this year when hiring for new engineers and other roles surged.

The automaker noted the cost-saving move — which began several weeks ago — had followed a "first half marked by unprecedented hiring" as it prepares to launch a wave of new vehicles in the ...Read more

Nick Wagner/The Seattle Times/TNS

Starbucks to close 250 underperforming stores

Business / Business News /

Starbucks announced Thursday that it plans to close around 250 underperforming cafes later this week as part of a turnaround effort.

The closures make up 1% of the Seattle-based coffee giant's North American stores and represent the second major round of closures under Starbucks CEO Brian Niccol, who joined the company in 2024. The company ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Waymo offers new incentives for commuters on public transit

Business / Business News /

Waymo customers in San Francisco will soon be able to earn credit toward future rides when they use one of the robotaxis to connect to public transit.

Alphabet-owned Waymo introduced its transit rewards program Tuesday. It will start in Northern California and expand to other cities. Waymo employees will be the first to access the program.

To ...Read more

Justin Sullivan/Getty Images North America/TNS

Your 3% mortgage rate is crippling the housing market

Business / Business News /

The U.S. housing market has been stuck in neutral for nearly four years, with sales of new and existing homes plodding along at a historically slow pace. One explanation is that the average rate on a 30-year fixed-rate mortgage in the U.S. passed 6% four years ago and has stayed above that ever since, creeping past 7% this week.

Mortgage rates ...Read more

Tyger Williams/The Philadelphia Inquirer/TNS

Crocs sues Five Below, alleging they copied the famous clogs

Business / Business News /

Crocs is suing Philadelphia-based discount retailer Five Below, alleging the company knowingly sold knockoff versions of Crocs’ famous foam clogs.

Crocs’ attorneys say Five Below kept selling Crocs look-alikes and accessories even after being notified this March of their trademark, patent, and intellectual property infringement.

The ...Read more