Business

/

ArcaMax

Bizuayehu Tesfaye @bizutesfaye/Las Vegas Review-Journal/TNS

Billionaire Zillow co-founder announces move to Las Vegas as wealth migration continues

Business / Business News /

Zillow’s co-founder Rich Barton has announced a move to Las Vegas after decades in Seattle, according to a recent post on X.

“Officially a Las Vegas resident,” the June 5 post said, “Kids are launched, empty nest achieved, and we’re excited to start this next chapter.”

Barton co-founded Zillow some two decades ago and is still the ...Read more

TNS

Tech review: Smaller, lighter, more battery life

Business / Business News /

I woke up this morning to a thunderstorm.

I sleep with a CPAP machine for sleep apnea, and if the power goes out, I wake up pretty quickly when the machine stops working.

A while back I started plugging my CPAP into a portable power station, which stays plugged into the wall so if the power goes out, the power station’s battery will keep my ...Read more

Pratchaya Leelapatchayanont/Dreamstime/TNS

Minnesota health insurers seek double-digit rate increases for 2027

Business / Business News /

For the second year in a row, Minnesota health insurers are seeking double-digit percent rate increases next year for coverage sold on the state’s MNsure exchange.

The proposed rate hikes, which regulators haven’t yet approved, are looking like a bellwether for medical cost trends across the broader U.S. health insurance landscape — ...Read more

Ken Lambert/The Seattle Times/TNS

Medicare AI program made them suffer in pain. Now they want answers

Business / Business News /

For months, Medicare patients in Washington have struggled with delays and denials for medical treatments due to a new program that uses artificial intelligence to review care.

Now, patients and their doctors are fed up and demanding changes. Lawmakers scrutinizing the program want to see it overhauled.

“Congress and the public deserve a ...Read more

Scott Olson/Getty Images North America/TNS

Trump call for crop sales to Iran met with skepticism by traders

Business / Business News /

President Donald Trump’s call for Iran to buy U.S. crops as part of a peace deal is being met with a mix of doubt and cautious optimism by the American farm sector.

“I remain skeptical of Iranian purchases of U.S. ag commodities, but the possibility must be respected,” said StoneX chief commodities economist Arlan Suderman. “That may ...Read more

Justin Sullivan/Getty Images North America/TNS

Amazon Prime Day household spending down 16%, survey says

Business / Business News /

Amazon.com Inc.’s annual Prime Day sale is off to a slow start, according to a survey conducted by market research firm Numerator.

The average household surveyed had spent about $89 as of 4 p.m. New York time, Numerator said on Tuesday, down about 16% from the same time during last year’s event, which began in July.

Shoppers stocked up on ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Meta building prediction market app that wouldn't wager money

Business / Business News /

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has directed a small team to create a prediction market application similar to Kalshi Inc. and Polymarket, but with lower stakes as users won’t likely wager real money.

The standalone product, which is still in development and known internally as Arena, would complement Meta’s ...Read more

BRENDAN SMIALOWSKI/AFP/Getty Images North America/TNS

Musk's SpaceX adds billions in debt while cutting interest costs

Business / Business News /

Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Musk’s 2022 ...Read more

Michael M. Santiago/Getty Images North America/TNS

Why tech stocks are getting hammered

Business / Business News /

Tech stocks took another big hit Tuesday as investors sold off shares of companies that have powered the artificial intelligence boom.

Technology companies have been spending billions of dollars investing in data centers and infrastructure needed to support the race to advance AI. But sky-high valuations and geopolitical tensions have some ...Read more

TIMOTHY A. CLARY/AFP/Getty Images North America/TNS

SpaceX stock returns to Earth after record IPO

Business / Business News /

Shares in Elon Musk's rocket company SpaceX halted their three-day slide that had erased roughly $600 billion off its market value.

SpaceX shares closed at $156.11 with a nearly 1% gain on Tuesday, a slight recovery from a 16% fall on Monday.

That loss dropped the stock below $160.95, where it ended the day June 12 after a 19% surge during ...Read more

Greta Kaul/The Minnesota Star Tribune/TNS

Minnesota counties look to regulate the 'wild west' of data centers

Business / Business News /

Angry residents already pushed several Minnesota cities to set tighter rules for data centers. Now some county officials are trying to set limits, too.

Wright County recently put a moratorium on the facilities, and on Tuesday, Washington County considered its regulatory options. Dakota County has also discussed whether to step into the ...Read more

Josh Boland/Chicago Tribune/TNS

Chicago mayor files lawsuit against Airbnb and host company

Business / Business News /

Mayor Brandon Johnson’s administration is suing Airbnb and one of its most-active Chicago hosts, alleging they broke and evaded city laws regulating short-term rentals.

The city’s lawsuit, filed Monday, alleges host Slumber Stay LLC failed to register its units with the city and used a non-transferable hotel license across numerous ...Read more

Dreamstime/Dreamstime/TNS

'The ability to say no': artists demand consent over AI use of their music

Business / Business News /

A coalition of advocacy groups for artists, songwriters and managers is warning musicians about the growing risks of artificial intelligence music.

Recently, many major record labels have inked deals with AI music startups such as Suno, Udio and Klay. But the coalition, which includes organizations such as the Music Artists Coalition and the ...Read more

Mario Tama/Getty Images North America/TNS

The other anti-data center movement: California's sky-high electricity prices

Business / Business News /

LOS ANGELES — The nation is awash in data center hate, and California is no exception.

Temporary bans have cropped up across the state as residents from Imperial County to San José fight proposals in their communities. Monterey Park became the first city in the country earlier this month to permanently ban data centers by a popular vote. And...Read more

Henry Payne/The Detroit News/TNS

This model tops American-Made Index, and a Detroit brand makes big leap

Business / Business News /

WASHINGTON — For the sixth year in a row, a model from Elon Musk-led electric vehicle giant Tesla Inc. topped the 2026 Cars.com American-Made Index, while an offering from rugged Stellantis NV brand Jeep showed the greatest improvement among Detroit Three nameplates.

Jeep landed two 2026 models in the top five: the Gladiator and the Grand ...Read more

Chance Yeh/Getty Images North America/TNS

Michael Hiltzik: How the coming AI-related IPOs could puncture the AI bubble

Business / Business News /

There's an old gambler's aphorism beloved by wise souls from Amarillo Slim to Warren Buffett that warns: "If you look around the poker table and can't identify the mark, it's you."

Investors might be well advised to keep this thought in mind over the coming months. That's because mega-initial public offerings from the widely followed artificial...Read more

Nicolaus Czarnecki/Boston Herald/TNS

Strict rent control proposal is struck down in Massachusetts

Business / Business News /

The Massachusetts Supreme Judicial Court struck down a ballot proposal that would have imposed the strictest statewide rent control in the US.

The measure sought to limit apartment rent increases to 5% or the annual gain in the Consumer Price Index, whichever is lower. The proposal can’t go before voters in November because it includes an ...Read more

US workers lose buying power after war drives up prices

Business / Business News /

Whether they work in restaurants, offices or warehouses, Americans have seen their paycheck eaten up by a surge in everyday costs recently.

Inflation has outstripped wage growth in key private-sector industries for two straight months, according to data compiled by Bloomberg. The sharp drop in buying power for employees in sectors ranging from ...Read more

Chip Somodevilla/Getty Images North America/TNS

Jonathan Levin: Greenspan's stumbles hold lessons for Warsh's Fed

Business / Business News /

Alan Greenspan, the titan of global central banking who led the Federal Reserve during decades of prosperity, has died at 100, just when elements of his free-market philosophy are experiencing a renaissance.

Greenspan is best remembered by fans — including new Fed Chair Kevin Warsh — for his economic stewardship during a period known as ...Read more

Dreamstime/Dreamstime/TNS

Indiana takes on powerful hospitals by capping prices they charge employers

Business / Business News /

Tired of watching its employers struggle to afford the cost of healthcare, Republican-controlled Indiana is trying a traditionally liberal tactic to control costs: setting government price controls on hospitals.

Under a law enacted last year, five of Indiana’s largest nonprofit hospital systems cannot charge patients covered by job-based ...Read more