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Amazon ditches Grubhub for Uber Eats partnership

Business / Business News /

Amazon has swapped its partnership with Grubhub, a distant third in the food delivery marketplace, for a similar arrangement with Uber Eats in a deal announced Thursday.

Amazon Prime members can now order food from Uber Eats directly through Amazon and pay no delivery fee on restaurant orders of $25 or more.

The deal with San Francisco-based ...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

Econometer: Is it politically possible to change California's condo defect laws?

Business / Business News /

A lot of housing reforms have passed in California over the past five years, but the one that seems hardest to pull off is any change to the state’s condominium laws.

The state has a strict condo defect law designed to protect buyers, but it has put a chill on the condo construction market since its passage in 2002. Consumer advocate groups ...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

'They come in droves': How robotaxis hog EV chargers in one corner of Southern California

Business / Business News /

San Diego resident José Manjarrés has a robot problem in his neighborhood.

When he goes to charge his Ford Mustang Mach-E, he increasingly finds the charging stations are already occupied by robotaxis. Last month, he had to wait an hour for his turn as driverless Waymos filled up.

"It becomes really annoying when you see three Waymos in a ...Read more

Olivier Mornin/AFP/Getty Images North America/TNS

Man claims in lawsuit that ChatGPT told him to stop paying rent and got him evicted

Business / Business News /

A Danish man claims ChatGPT advised him to stop paying rent amid a dispute with his landlord, leading him to be evicted and end up living out of a car with his two dogs and a blanket.

Klaus Elmfelt, in his lawsuit filed this week in San Francisco County Superior Court, also alleged the artificial intelligence from San Francisco’s OpenAI ...Read more

Charly Triballeau/AFP/GETTY IMAGES NORTH AMERICA/TNS

Tesla to wind down production of slow-selling Cybertruck

Business / Business News /

Tesla Inc. will pare back production of its polarizing Cybertruck pickup next year, Chief Executive Officer Elon Musk said, suggesting the slow-selling model could be phased out as the company reorients around driverless technology and artificial intelligence.

Output will wind down at its Texas plant in mid-2027 to free up capacity for the ...Read more

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US adds 165,000 jobs, topping all forecasts in broad advance

Business / Business News /

U.S. job growth surged in October and the unemployment rate edged lower, signs of labor-market strength in an expanding economy.

Nonfarm payrolls increased 165,000 last month, topping all forecasts, after an upward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate fell to 4.1%.

...Read more

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Crypto foundation demanded employees endorse suicide pledge, then fired leaders who objected, Colorado lawsuit alleges

Business / Business News /

On a Friday in March, employees at an international technology foundation received a 38-page document outlining leadership’s vision for the foundation for the next 1,000 years.

The document went out to all employees of The Ethereum Foundation, a nonprofit organization registered in Switzerland that supports Ethereum, a popular cryptocurrency ...Read more

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Fox now owns Roku after $22 billion deal closes ahead of schedule

Business / Business News /

Fox Corporation has completed its $22 billion acquisition of Roku, transforming the Murdoch family's company into a major player in the streaming video business.

The deal closed Friday, months ahead of the companies' original target of the first half of 2027.

The deal combines Fox's news, sports and broadcast channels with the San Jose-based ...Read more

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Auto review: Mercedes Benz AMG GT63 Pro is the coupe everyone dreams of

Business / Business News /

Entering Grasso’s Garage this week is a masterpiece of engineering. The 2026 Mercedes-AMG GT 63 Pro Coupe thrills drivers and riders alike with its power, while onlookers get their phones out to take video.

Powered by a handcrafted Mercedes 4.0-liter twin-turbocharged V-8 engine producing 603 horsepower and 627 pound-feet of torque, the Pro ...Read more

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Auto review: 2027 Chevy Bolt is perhaps the best all-around EV rolling

Business / Business News /

I remember driving the Chevrolet Bolt at its 2017 press preview in San Francisco, spending all day going up and down hills without worrying a bit about range. The compact EV offered 259 miles range by the time it was discontinued in 2023. Even after a day of hard slogging, there was still plenty of power left.

Today, as the Bolt returns from ...Read more

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Larry Printz: Aston Martin Has two new ways to make your neighbors hate you

Business / Business News /

Aston Martin has looked at the modern sports car and decided that what the world really needs is something with 838 horsepower, a body made almost entirely of carbon fiber and an exhaust system loud enough to make the neighbors consider moving to a different zip code. And then, just to make sure nobody misses the point, it’s building only 150 ...Read more

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Michael Hiltzik: CVS unwinds its big mergers, ending a dream of healthcare dominance

Business / Business News /

I'm old enough to remember the day when CVS, the big drugstore company, opted to get even bigger by acquiring the health insurer Aetna.

"Today marks the start of a new day in healthcare and a transformative moment for our company and our industry," CVS Health President and Chief Executive Officer Larry J. Merlo boasted. The $70 billion deal ...Read more

Allen J. Schaben/Los Angeles Times/TNS

'You have to be delusional': Los Angeles film students are prepared for a shrinking Hollywood

Business / Business News /

LOS ANGELES — Film student Angela Henderson was collecting her thoughts, resting on the patio of USC's School of Cinematic Arts on a recent sunny afternoon while listening to music on her headphones as she stared into the sky. Henderson was taking a short break after applying for dozens of Hollywood jobs.

The 22-year-old cinema and media ...Read more

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Auto review: Living large in the redesigned 2027 Chevy Silverado

Business / Business News /

TUCSON, Arizona — The Santa Catalina Mountains north of Tucson look like something out of a Coyote vs. Road Runner episode: orange colors, giant boulders parched on rock spires, twisted roads. Beep, beep!

I stomped on the throttle of my ride with my size 15s and the V-8 roared. Hard into a downhill S-turn, the adaptive dampers stiffened to ...Read more

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Some 40% of US planned data center capacity is in states wanting to hit pause

Business / Business News /

Data center opposition had been building across the country, one moratorium or blocked project at a time. Then, virtually overnight, the midterm election tilted a broad swath of the regulatory map against the AI buildout.

Newly elected governors in Ohio, Georgia, Michigan, New Mexico and Texas campaigned on a promise to stop — or at least ...Read more

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Worst US stock rout since 2020 leaves virtually nowhere to hide

Business / Business News /

The fears had shadowed Wall Street off and on for months. Then, all at once, everyone rushed for the exits.

The stock-market rout on Thursday, which began soon after the opening bell on the New York Stock Exchange, worsened as the day wore on, pulling down everything from high-flying chipmakers like Nvidia Corp. to defensive fallbacks like ...Read more

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Crowded hedge fund trades are unwinding fast after ugly October

Business / Business News /

First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.

Soon, nowhere would be safe for hedge funds. Pain cascaded across the industry in October, as a broad tech selloff collided with a shock election in Brazil and violent protests in France, bruising many of the world’s sharpest money managers.

Walleye ...Read more

Nick Wagner/The Seattle Times/TNS

WA wins $900M verdict against Albertsons for fueling opioid crisis

Business / Business News /

A King County, Washington, Superior Court judge ruled Thursday that Albertsons violated the law by dispensing a high volume of opioid prescriptions while ignoring signs that prescriptions were illegitimate or being abused.

The judge ordered Albertsons to pay $900 million — the largest judgment ever awarded in Washington, Attorney General Nick...Read more

Angela Weiss/AFP/GETTY IMAGES NORTH AMERICA/TNS

Worst US stock rout since 2020 leaves virtually nowhere to hide

Business / Business News /

The fears had shadowed Wall Street off and on for months. Then, all at once, everyone rushed for the exits.

The stock-market rout on Thursday, which began soon after the opening bell on the New York Stock Exchange, worsened as the day wore on, pulling down everything from high-flying chipmakers like Nvidia Corp. to defensive fallbacks like ...Read more

Dreamstime/Dreamstime/TNS

Terry Savage: Savings bonds update

Business / Business News /

The new interest rate on Series I Savings Bonds has jumped to 5.51% annual interest rate for the next six months — a combination of a fixed base rate of 1.40%, and a current inflation adjustment of 4.08%. That headline number will be paid on all new purchases, and the inflation adjustment will be added to whatever fixed base rate exists on ...Read more