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Netflix earnings surged last quarter. Thank 'Squid Game,' price hikes and advertising

Business / Business News /

LOS ANGELES — Thanks to popular shows like "Squid Game," plus price hikes and growing advertising revenues, Netflix on Thursday reported strong growth in the second quarter, beating analysts' expectations.

The streamer's revenue rose 16% to $11.1 billion, while the company's net income increased 46% to $3.1 billion compared to a year earlier....Read more

Dania Maxwell/Los Angeles Times/TNS

People said it was too hard to cancel Peacock. Now NBCUniversal must pay $3.6 million

Business / Business News /

LOS ANGELES — Three years ago, a Southern California consumer complained about unwittingly renewing a Peacock subscription. Now, the conflict is expected to end with media giant NBCUniversal paying $3.6 million to Los Angeles County.

The county this week announced a proposed settlement with NBCUniversal and its subsidiary, Peacock TV, to ...Read more

California Highway Patrol/California Highway Patrol/TNS

'We are all eating': Inside California's secret industry that props up mass shoplifting

Business / Business News /

OAKLAND, California — For two days, investigators parked their unmarked car outside a nondescript parking lot behind an Oakland liquor store, across the street from a church and watched.

They saw the same thing over and over: A car would pull up, and someone inside would exit with a jumbo-sized garbage bag that appeared full and heavy. A hand...Read more

Madeline Carter/Las Vegas Review-Journal/TNS

From poker chips to computer chips: High-tech startups signal change to Nevada economy

Business / Business News /

Lucihub founder and CEO Amer Tadayon has started several businesses in California and Arizona. Those states never invested in his companies, but Nevada did.

Thanks to a growing startup ecosystem, increasing venture capital availability and favorable investing regulations, Tadayon called Las Vegas “one of the best places I’ve ever been to be...Read more

Nathan Howard/Getty Images North America/TNS

Amazon's carbon emissions jump as AI push tests company's climate pledge

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Amazon's greenhouse gas emissions rose by 6% last year, due mostly to pollution generated by the company's delivery fleet and increased data center construction.

The jump in total carbon emissions from 64.38 million metric tons in 2023 to 68.25 million metric tons in 2024 is the company's first year-over-year increase since 2021, according to a...Read more

Juliana Yamada/Los Angeles Times/TNS

Los Angeles businesses need help to bounce back from raids and tariffs, advocacy group says

Business / Business News /

Businesses in downtown Los Angeles need the support and patronage of locals in these tough times, Central City Association President and Chief Executive Nella McOsker says.

Places that hadn't yet come back from the cratering caused by COVID-19 are now dealing with rising costs from tariffs and employees worried they could get caught up in the ...Read more

Real estate Q&A: Should broker get part of deposit from failed sale?

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Q: I hired a broker to sell my house in Florida. The first buyer backed out, so we agreed that I’d keep part of their deposit. I kept working with the same broker, and eventually, someone else bought the place. The broker got their full commission from that sale. Now the broker is asking for half of the deposit from the first buyer who bailed....Read more

Ellen M. Banner/The Seattle Times/TNS

With blowout probe done, lawsuits take off against Boeing, Alaska Air

Business / Business News /

Boeing and Alaska Airlines have settled one of many lawsuits filed against them after the January 2024 midflight blowout, while three more claims are set to go to trial next year.

Dozens of passengers on board Alaska Airlines Flight 1282 sued the airline and 737 maker Boeing, but those lawsuits have largely been on hold as the National ...Read more

Joe Raedle/Getty Images North America/TNS

US initial jobless claims decline for a fifth straight week

Business / Business News /

Applications for U.S. unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient job market.

First-time jobless claims decreased by 7,000 to 221,000 in the week ended July 12. The median forecast in a Bloomberg survey of economists called for 233,000 applications.

Continuing claims, a ...Read more

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Trump says Coca-Cola agrees to use cane sugar for Coke in US

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President Donald Trump said in a Truth Social post that Coca-Cola Co. has agreed to use cane sugar in Coke beverages sold in the US.

“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,” Trump said. “I’d like to thank all of those in authority at Coca-Cola.”

Coca-...Read more

Dreamstime/Dreamstime/TNS

Tesla failed to stop Autopilot misuse, safety expert testifies

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Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision.

Mary “Missy” Cummings, an engineering professor at George Mason University, told jurors in Miami federal court that the Tesla owner’s manual, which contains critical warnings about how...Read more

Gary Coronado//Los Angeles Times/TNS

These California tech hubs are set to dominate the AI economy

Business / Business News /

Despite suggestions it has been losing its edge, California is way ahead of others when it comes to the hottest technology right now: artificial intelligence.

The regions around San Francisco, San Jose and Los Angeles are among the top ranked in the country for AI, according to a report released Wednesday by the Brookings Institution.

The ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

High time: Weed lounges are finally opening in New Jersey -- and they're coming this month

Business / Business News /

It’s easy to find a bar in Atlantic City — spots to grab a drink, hear live music, and hang with friends are everywhere. In a few short weeks, cannabis lounges will offer a similar vibe, but for weed.

On Tuesday, July 15, the New Jersey Cannabis Regulatory Commission voted to approve the state’s first cannabis consumption lounges. The ...Read more

Dreamstime/Dreamstime/TNS

The pandemic gave workers power. Now employers are taking it back

Business / Business News /

The federal government job was hybrid when Sarah Reynolds accepted it, meaning she could live in Hudson, Wisconsin, and work in St. Paul.

But within months of her landing in the Midwest — Reynolds’ fourth cross-country move for work in less than a decade — the federal government had called its employees to the office.

“This was not ...Read more

Spencer Platt/Getty Images North America/TNS

Where Wells Fargo plans to be 'more aggressive' seeking growth opportunities now

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During Wells Fargo’s first earnings call since its $2 trillion asset cap was lifted, bank officials provided more details Tuesday about how they will grow and also improve company culture.

“When the asset cap was lifted, it’s not like this light switch is going to go off and all of a sudden things are going to dramatically change,” ...Read more

Aric Crabb/Bay Area News Group/TNS

Silicon Valley Pain Index says poverty, inequality continue to plague South Bay

Business / Business News /

SAN JOSE, California — San Jose State University researchers unveiled new findings Wednesday that show poverty and inequality continue to plague Silicon Valley.

This year’s iteration of the Silicon Valley Pain Index, which provides more than two hundred statistics, aims to investigate “personal and community distress or suffering” in ...Read more

Danielle Charbonneau/The Atlanta Journal-Constitution/TNS

Chuck E. Cheese opens arcades for adults

Business / Business News /

For almost half a century Chuck E. Cheese has been a place “where a kid can be a kid.” But what happens when kids grow up?

Enter Chuck’s Arcade: a new concept branding itself as a place where an adult to be a kid.

One might think this concept would include beer and Chuck E. Cheese’s signature pizza alongside games. Several media ...Read more

Justin Sullivan/Getty Images North America/TNS

Nvidia is the first $4-trillion company. Here are three things to know

Business / Business News /

Nvidia is already the world's most valuable company being one of the biggest beneficiaries of the global artificial intelligence boom.

This week, the Santa Clara, California-based chip maker got another windfall.

The Jensen Huang-led technology giant on Monday received approval from the U.S. government to sell some of its AI chips in China, ...Read more

Handout/SpaceX/TNS

What feud? SpaceX launches competitor Amazon's Project Kuiper satellites

Business / Business News /

Just because Elon Musk and Jeff Bezos aren’t the best of friends and Amazon’s Project Kuiper will directly compete with SpaceX’s Starlink satellites for broadband internet doesn’t mean everyone can’t get along.

A SpaceX Falcon 9 rocket launched at 2:30 a.m. Wednesday with 24 of Amazon’s satellites from Cape Canaveral Space Force ...Read more

R3dnax31a/Dreamstime/TNS

Motormouth: RPM or RPMs?

Business / Business News /

Q: I'm writing about your recent column where you answered a PHEV break-in period question. Oh, no: You wrote "...2,000 and 4,000 RPMs."

"RPM" is already plural! Revolutions per minute. Argh. As a mechanical engineer, I see this all the time, even in technical literature; it's an epidemic! Thanks for your consideration and your great column.

...Read more