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Meta debuts dedicated 'Charm' device for using Muse AI

Business / Business News /

Meta Platforms Inc. unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement.

The product, unveiled on stage by Meta Chief Executive Officer Mark Zuckerberg, was born out of the company’s new design lab led by ...Read more

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China's trade volumes hit record in week before Trump-Xi summit

Business / Business News /

Chinese ports had their busiest week in history ahead of the approaching summit between Presidents Donald Trump and Xi Jinping, extending a boom in shipments abroad in a possible sign exporters were rushing goods out of the country as uncertainty hovered over tariffs.

A record 7.3 million containers passed through Chinese terminals in the seven...Read more

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Royal Caribbean plans to buy stake in Sandals Resorts for $3 billion

Business / Business News /

Royal Caribbean is expanding its portfolio of land-based destinations by entering into a partnership with Sandals Resorts in a deal announced Wednesday.

The cruise line will acquire a 50% equity stake in Sandals and Beaches Resorts for $3 billion, with the transaction expected to close in early 2027. According to Royal Caribbean Group, the ...Read more

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OpenAI agent hacked Australian government website, Albanese says

Business / Business News /

An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by AI on a government database.

The company took three months to notify Canberra that its AI system gained unauthorized access to files on a website for reporting healthcare statistics, Prime Minister Anthony Albanese said ...Read more

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OpenAI agent hacked Australian government website, Albanese says

Business / Business News /

Australian Prime Minister Anthony Albanese said an OpenAI agent hacked a government website, with the artificial intelligence firm taking three months to alert the government about the breach.

Albanese said he had spoken with OpenAI’s Chief Executive Officer Sam Altman on Wednesday in New York to express “extreme concern about this incident...Read more

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Expert says if allowed, China would eat up 11% of US auto market

Business / Business News /

Chinese automakers could take 11% of the U.S. market share by the end of the next decade if guardrails designed to keep the manufacturing giant out are undone, an industry expert said Wednesday, Sept. 23.

Mobility Global forecasted sales of 1.7 million Chinese vehicles per year by 2038 if that country's makers were allowed into the U.S. market....Read more

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Terry Savage: What to know for Medicare open enrollment

Business / Business News /

Medicare open enrollment starts October 15 and continues through December 7. Everyone who has Medicare, in whatever form, should pay close attention to their coverage for the year ahead. You may be surprised at how much is about to change — in both costs and coverage.

Here’s a look at the headline changes seniors will be forced to confront....Read more

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3,500-acre California winery for sale following hits from Canada's ban on US alcohol

Business / Business News /

When Canada banned American alcohol as a response to President Donald Trump’s tariffs last year, McManis Family Vineyards took a big hit.

Exports to Canada, largely to Ontario, had made up approximately 40% of the family-owned business’s export sales — about 75,000 cases. From July 2025 to July 2026, this number fell to approximately 5% ...Read more

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Ford team focuses on speeding up technology deployment to market

Business / Business News /

DEARBORN, Michigan — "Speed" is the first thing the director of Ford Motor Co.'s Research and Advanced Engineering team says his group needs to deliver in the future — or risk falling behind foreign rivals.

The group this year marked its 75th anniversary, highlighting its work to reduce vehicle greenhouse gas emissions, help design ...Read more

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Fertitta's $17.6B takeover bid approved by Caesars shareholders

Business / Business News /

Caesars Entertainment Inc. shareholders approved Tilman Fertitta’s proposed $17.6 billion acquisition of the casino company Tuesday, clearing a major hurdle in the deal that would take the casino giant private.

The merger proposal received 133,313,001 votes in favor, 4,276,986 against and 5,687,952 abstentions, according to a filing Wednesday...Read more

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Michigan progressive ditches stance on Chinese autos before Xi visit

Business / Business News /

WASHINGTON — President Donald Trump, heading into a much-anticipated visit from Chinese leader Xi Jinping this week, is on a political island when it comes to his support for Chinese automakers building vehicles in the United States.

Trump has said he "loves" the notion, but industry groups, labor leaders and lawmakers from both parties have ...Read more

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McDonald's commits $8.5 billion to help franchisees with revamps

Business / Business News /

McDonald’s Corp. is earmarking roughly $8.5 billion to help franchisees implement a multiyear plan to serve better food, improve service and make restaurants easier to run.

The company will deploy the money — a mix of capital support and rent relief — through 2036, according to a statement Wednesday. The funds will be used for ...Read more

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General Mills confident in turnaround despite falling profits

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General Mills’ profits are dropping, but a turnaround plan is already in motion and executives said Wednesday they believe it’s off to an encouraging start.

The Golden Valley-based food company’s adjusted profit — which ignores irregular financial gains and losses — tumbled 13% from a year ago as the company seeks to manage ...Read more

Trump Ban on CNN Looms Over Paramount's Plan for Oversight Board

Business / Business News /

Paramount Skydance Corp.’s plan to install an independent editorial board for CBS News and CNN threatens to bring unwelcome interference in how the organizations cover the news, according to media industry insiders and observers.

The creation of the board is part of a legal settlement that allows Paramount to merge with Warner Bros. ...Read more

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Xi unlikely to bring CEOs to summit where Trump is seeking deals

Business / Business News /

The highly anticipated summit between President Donald Trump and China’s Xi Jinping will bring together a robust gathering of U.S. corporate leaders, but there will not be a comparable delegation of Chinese executives, raising questions about the prospects for the world’s two largest economies to strike new business deals this week.

The ...Read more

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CFTC warns prediction markets to reel in risky 'mention' bets

Business / Business News /

Prediction market wagers involving bets on what high-profile people might say in public present heightened manipulation risk and can only be offered in limited circumstances, Commodity Futures Trading Commission staff warned in new guidance.

The advisory is the regulator’s latest attempt to reel in the exploding industry after it floated a ...Read more

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Microsoft layoffs hit hundreds in WA again, Xbox roles included

Business / Business News /

Microsoft is laying off 450 workers companywide, including about 300 in Washington, as part of ongoing efforts to reset its gaming division.

The Redmond-based tech giant told employees Tuesday that it was cutting roles that would mostly fall under the Xbox banner. Across the company, 268 gaming employees were let go.

The move comes two months ...Read more

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An editorial board will oversee CNN and CBS News. What does that mean?

Business / Business News /

The settlement with 12 state attorneys general t hat cleared the way for Paramount to move forward with its $111 billion acquisition of Warner Bros. Discovery contained a surprise for CNN and CBS News.

The merged company will have an oversight board that will monitor adherence to editorial independence from its owners and shareholders. The ...Read more

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Rep. Ro Khanna in Minnesota: Regulate or risk 'losing human control'

Business / Business News /

One of the nation’s leading political voices favoring stricter federal regulations on AI said the technology must be monitored by independent technical experts who have no industry ties.

The core tension on artificial intelligence — whether it offers more help or harm to humanity — and who benefits from its development spilled into plain ...Read more

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FIFA World Cup in Seattle delivered $889M economic boost, report says

Business / Business News /

The results are in, and Seattle walked away from this summer's FIFA Men's World Cup with undeniable wins. But the question remains: Was the tournament overhyped?

In Seattle and King County, the global soccer tournament drove $889 million in total economic impact, which includes $109 million in state and local tax revenue. That’s according to ...Read more