U.S. auto safety regulators ended a federal investigation into Cruise robotaxis without taking action, removing an overhang weeks after General Motors Co. decided to shutter the struggling business.

The National Highway Traffic Safety Administration had opened a preliminary evaluation in late 2023 to determine potential safety risks from Cruise...Read more

U.S. consumer prices rose in December by less than forecast, a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will cut interest rates sooner than previously thought.

The so-called core consumer price index — which excludes food and energy costs — increased 0.2% after rising ...Read more

Three of California's largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times.

In a survey of national claims handled by the state's leading home insurance companies, affiliates of Los Angeles-based Farmers Insurance topped the ...Read more

The U.S. Securities and Exchange Commission sued Elon Musk on Tuesday, alleging failure to timely disclose that he bought more than 5% of Twitter's stock in 2022 before he took over the social media company.

The lawsuit, filed in a federal court in Washington, accuses Musk — tapped by Trump to co-head a so-called "Department of Government ...Read more

As wildfires continue to burn around Southern California, thousands of business owners, homeowners and renters are confronting the daunting challenge of rebuilding from the ashes. For some number of them, the road ahead will be all the more difficult because they didn't have any or enough insurance to cover their losses. For them, the U.S. Small...Read more

SAN JOSE, Calif — Hotel development nosedived in California and the Bay Area in 2024, fresh evidence the statewide lodging market still suffers from an array of post-coronavirus economic maladies, a new report shows.

Atlas Hospitality Group disclosed in a new report that the decline affected three types of hotel projects: hotels that were ...Read more

Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name.

The chipmaker will continue to be an “anchor investor in the new company,” according to a statement Tuesday. The division, currently known as Intel Capital, has more than $5 ...Read more

Florida’s insurance commissioner might not want the Legislature to pursue any major new reforms during the upcoming session, but lawmakers on House and Senate committees that determine which bills advance might not be so patient.

Two years after voting to enact reform bills aimed at reducing rates of claims abuses and litigation against ...Read more

ST. LOUIS — A few years ago, just before Super Bowl Sunday, Dee Crawford posted a video to the social media app TikTok of her printing a football sweatshirt for her homespun apparel company.

Within two weeks, she had 500 new orders. The video had gone viral, she said. Six months later, she quit her corporate job in finance to pursue the small...Read more

Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught even before he’s back in the White House.

Soon after calls to congratulate the president-elect on his Nov. 5 victory, officials began quietly looking for ways to ...Read more

With just days left in the Biden administration, the Food and Drug Administration on Tuesday unveiled its highly anticipated proposal to require manufacturers to display nutrition information on the front of packaged foods.

The proposal is several years in the making. The agency in 2022 announced its intention to develop a rule on such ...Read more

Macy’s has revealed that the company’s workers in the Bay Area and California face the loss of several hundred jobs due to the iconic retailer’s decision to close 66 stores nationwide and several in this state.

Separately, Rite Aide has disclosed it will shut the doors of one of its San Jose stores, a move that will eliminate more than a ...Read more

Kentucky’s bourbon distilleries have been expanding at a feverish pace in recent years, building warehouses to age more whiskey than ever before.

The state’s $9 billion industry employs more than 7,000 people, with thousands more in related fields, including tourism.

So Tuesday morning’s news that industry giant Brown-Forman is laying ...Read more

A Colorado state lawmaker is suing the ride-hailing company Lyft and a Colorado-based transportation outfit after she says she was sexually assaulted by her driver on a ride last year.

Rep. Jenny Willford, a Northglenn Democrat, spoke about the new lawsuit during a news conference in the state Capitol on Tuesday. She said she was sexually ...Read more

More than 80% of poultry slaughterhouse workers and half of hog processing employees testing faster line speeds are at high risk of developing chronic conditions like arthritis and carpal tunnel syndrome, according to recent U.S. Department of Agriculture reports on line speeds and worker safety.

Current line speeds run up to 140 birds per ...Read more

UnitedHealth Group is asking a judge to toss the federal government’s primary argument in its challenge to the Eden Prairie-based company’s proposed $3.3 billion acquisition of Amedisys, a home care and hospice company headquartered in Louisiana.

When the Justice Department sued in November to block the deal, the complaint alleged harm to ...Read more

Starbucks facilities in North America — including cafés, patios and restrooms — are now only available to paying customers, the company confirmed to the Daily News.

The announcement reverses an open-door policy implemented by the coffee giant nearly seven years ago, which allowed anyone to use its spaces “regardless of whether they make ...Read more

Meta Platforms Inc. is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.

As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. “I’ve decided to raise the bar ...Read more

Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.

Soaring bond yields and robust jobs data have put extra focus on the next consumer price index report. The S&P 500 Index is expected to move 1%...Read more

Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in excess revenue over six years, the Federal Trade Commission said in a report on the drug middlemen.

The practice inflated costs for ...Read more