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Trump team debates bank watchdogs as Chopra remains at CFPB

Business / Business News /

As two Biden-era appointees leading bank watchdogs continue to show up to work, some Donald Trump supporters are questioning why the president hasn’t put forward nominees to lead the agencies, or at a minimum fire the current heads.

Trump’s team has struggled to make selections to replace the leaders of the Consumer Financial Protection ...Read more

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AI-driven power boom will drive demand 38% higher on top US grid

Business / Business News /

Electricity demand on the largest U.S. grid is poised to rise so fast thanks to the AI boom that it’ll be the equivalent of installing two New England networks in the coming decade.

PJM Interconnection LLC, which manages the 13-state system stretching from Washington DC to Illinois, expects peak summer demand to jump by nearly 58 gigawatts, ...Read more

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1 in 2 Americans affected by UnitedHealth cyberattack, new disclosure shows

Business / Business News /

UnitedHealth Group says the impact from the cyberattack last year at its Change Healthcare subsidiary is much wider than previously understood, affecting roughly 190 million patients — up from previous estimates of about 100 million people.

The updated tally extends the scope beyond what was previously described by company Chief Executive ...Read more

Dreamstime/Dreamstime/TNS

Viasat one of four companies selected by NASA for $4.8B satellite contract

Business / Business News /

NASA has selected Carlsbad, California-based Viasat as one of four satellite communications firms to support its future missions in space and its research on Earth.

The Carlsbad technology firm will employ its Real-Time Earth network — a global network of satellite ground stations — to beam data more efficiently for NASA’s direct-to-Earth...Read more

MyPillow, Mike Lindell sue another lender for 'unconscionable' loan terms

Business / Business News /

MyPillow and CEO Mike Lindell are again suing a merchant cash advance company, accusing the lender of charging an illegally high interest rate.

It’s the third such lawsuit the Minnesota-based company and its nationally prominent founder have brought against a merchant cash advance firm, which effectively offer payday loans for businesses.

...Read more

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In Trump's first week, FCC chair signals headaches ahead for media giants

Business / Business News /

President Trump's pick to lead the Federal Communications Commission, Brendan Carr, was widely expected to make life more difficult for media organizations that weren't aligned with the commander in chief's agenda.

In his first week leading the powerful agency that oversees national communications, Carr has done just that, reviving complaints ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Losses piled up for Boeing in 2024

Business / Business News /

How bad was 2024 for Boeing financially?

On Thursday the company announced fourth quarter details showing it lost last year about $11.8 billion, the second heaviest loss in Boeing history.

The data released after the stock market closed Thursday also shows a fourth quarter cash outflow of $3.5 billion, which means Boeing burned through $13.7 ...Read more

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Costco shareholders reject anti-DEI proposal pushed by activists

Business / Business News /

Costco shareholders overwhelmingly rejected a proposal to probe its diversity, equity and inclusion practices for legal risks.

The Issaquah-based company’s board characterized the proposal from an activist shareholder as a bad-faith effort to undermine its DEI initiatives. The National Center for Public Policy Research, a Washington, D.C.-...Read more

Henry Payne/The Detroit News/TNS

2025 Buick Enclave is a chart-topping redesign

Business / Business News /

Buick has made great strides in recent years, and 2025 is no different. The division of General Motors has made exceptional revisions in the latest refresh of its flagship vehicle, the Enclave. Our 2025 Buick Enclave Sport Touring tester was outstanding, comfortable and nicely equipped. The redesign included an array of nicely chosen upgrades ...Read more

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With an executive order, Trump casts doubt on the future of EVs in California

Business / Business News /

Shel Singh has gone all-in on electric vehicles in recent years. The 36-year-old business owner currently drives an electric Porsche. Before that, it was a Tesla.

But with President Trump working aggressively to reverse policies enacted by former President Biden intended to bolster the EV market and phase out gas-powered vehicles, he's starting...Read more

Allen J. Schaben/Los Angeles Times/TNS

Estimated cost of fire damage balloons to more than $250 billion

Business / Business News /

As raging wildfires continue to torment Southern California, estimates of the total economic loss have ballooned to more than $250 billion, making it one of the most costly natural disasters in U.S. history.

Early estimates by AccuWeather and JP Morgan put the damage in the $50-billion range, but the expected toll quickly rose to more than ...Read more

Cadillac/Cadillac/TNS

Henry Payne: V-ery fast: Cadillac Lyriq-V is quickest V-Series yet

Business / Business News /

Cadillac is putting the V in EV.

General Motors Co.'s luxury brand is rolling out the first performance V-Series model in its electric lineup with the midsize, 2026 Cadillac Lyriq-V. Like its gasoline predecessors, the CT5-V and CT4-V sedans and Escalade-V SUV, the Lyriq-V will bring higher horsepower and a higher sticker price to the Lyriq.

A...Read more

Henry Payne/The Detroit News/TNS

Auto review: VW Taos upgrades looks, vroom to match its room

Business / Business News /

SAN ANTONIO, Texas — I’d like to start my review of the 2025 Volkswagen Taos subcompact SUV from the backseat.

It’s terrific. I can easily sit behind myself. I’m 6’5” and my knees don’t even touch the seatback in front of me. I can cross my legs, and my giraffe neck isn’t stuffed into the roof. In fact, I have plenty of headroom...Read more

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Auto review: Redesigned Nissan Murano is a pleasure to behold but not a thrill to drive

Business / Business News /

It’s been a decade since the Nissan Murano was last redesigned, an eternity in the car business. As Nissan executives have been busy purging its top ranks of outside influence, be it foreign-born CEO Carlos Ghosn or overseas investors such as Renault, they have taken their eye off of what really matters: creating great vehicles.

Exhibit A: ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Rents rise as refugees from the fires squeeze into LA's tight housing market

Business / Business News /

When the flames destroyed Ria Cousineau’s Altadena house and damaged the home of her partner, Emily Allen, a horrific situation gave way to what felt like an impossible task.

In an effort to find a semi-permanent home while they rebuild, Cousineau estimated the couple toured about 10 houses over four or five days, with one house seeing at ...Read more

Jason Armond/Los Angeles Times/TNS

LA fires have added another concern for potential EV buyers: Power outages

Business / Business News /

You’ve plugged your electric vehicle into your home charger and hit the sack. Overnight, high winds topple a power line. Your charger blacks out. Then, a report of a fire, followed by an evacuation order. Your battery’s only charged to 25%. And it’s your only car.

Such are the fears some California car buyers are expressing amid the fires...Read more

Beth LeBlanc/The Detroit News/TNS

Maryland Dems push bill to raise minimum wage to $20; Republicans say it's 'dead on arrival'

Business / Business News /

State Democratic lawmakers are pushing a bill that would allow Maryland voters to raise the minimum wage from $15 to $20 — including for workers in the service industry — but it’s receiving a thumbs down from Republicans

“The minimum wage in Maryland is not enough to meet the cost of living,” Del. Adrian Boafo of Prince George’s ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Disney CEO Bob Iger's pay package for 2024 jumps to $41 million

Business / Business News /

Walt Disney Co. Chief Executive Bob Iger received a $41.1-million pay package last year, according to a filing Thursday with the U.S. Securities and Exchange Commission.

That figure is about 30% higher than his 2023 compensation, which totaled $31.6 million. Iger's pay was a mix of cash bonus, stocks and options, with a base salaryof $1 million...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Some price-gouging rules could be keeping high-end homes off LA's rental market

Business / Business News /

In Los Angeles’ high-end rental market, it’s long been common to find homes advertised for $10,000 a month or more.

But in the wake of this month’s devastating wildfires in Pacific Palisades and Altadena, new listings above that amount are effectively barred by state law, just as a crush of wealthy, displaced families are looking for ...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Virgin Hotels Las Vegas reaches deal with union ending strike

Business / Business News /

After nearly 10 weeks on strike, workers at the off-Strip Virgin hotel-casino have a new contract.

Culinary Local 226 and Bartenders Local 165 have agreed to terms with Virgin Hotels Las Vegas, the two sides announced Wednesday. A five-year contract was ratified “by a vote of 100 (percent),” according to a Culinary 226 social media post.

�...Read more