U.S. stocks sank for a fourth straight day as weakness in AI-related stocks outweighed investor optimism about the potential for additional interest-rate cuts from the Federal Reserve.

The S&P 500 Index dropped 1.2% Wednesday, for its longest losing streak in a month, and fell below its average over the last 50 days, a key technical level. ...Read more

A pair of blue and yellow earplugs dangle on Jose's neck while waiting for work as a day laborer out of the Home Depot in Cypress Park.

They've been a necessity for laborers in the area since late November, when Home Depot installed three machines in the parking lot that emit a high-pitched tone. The noise, typically kept on all day, is a ...Read more

In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac, Michigan-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion.

The merger combines United Wholesale Mortgage with Two Harbors, a real estate ...Read more

The architect behind Delta Air Lines’ global network and its push to be a “premium” airline is retiring.

Delta’s president of nearly a decade, Glen Hauenstein, is stepping down Feb. 28, the company announced Wednesday.

A new president is not being named.

Instead, 35-year Delta veteran and Senior Vice President Joe Esposito will take ...Read more

JBS needed workers.

It was 2023, and the meat-processing giant headquartered in Greeley had just endured a tumultuous stretch.

The plant became one of Colorado’s hotspots during the COVID-19 pandemic, with the virus responsible for the deaths of at least seven workers. Many laborers left the company as a result. The ones who stayed demanded ...Read more

Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.

Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled them. A cute companion robot with bright eyes used its mechanical hands to make a heart. A small robot wearing a bear hat threw punches and a blue-green robot, ...Read more

Hormel is essentially synonymous with pork, namely sizzling breakfast meats and the infamous canned ham Spam.

The Austin, Minnesota-based Fortune 500 company has only broadened its protein offerings in recent years, adding convenient deli option Columbus Craft Meats, healthy ground turkey and snack staple Planters nuts.

In an era of protein-...Read more

Major U.S. retailers, including Walmart and Minneapolis-based Target, have been hit with warning letters from the U.S. Food and Drug Administration for continuing to sell baby formula that was recalled amid a widespread outbreak of infant botulism.

In one case, regulators said a Target store in Arkansas was offering a discount on ByHeart Whole ...Read more

Tesla Inc.’s car sales in California are poised to be suspended for 30 days over marketing practices that allegedly mislead consumers about the automated-driving capabilities of its vehicles.

The California Department of Motor Vehicles said Tuesday the suspension won’t take effect for 90 days to give Tesla time to appeal or come into ...Read more

Warner Bros. Discovery has sharply rejected Paramount’s hostile offer, alleging the $108-billion deal carries substantial risks because the Larry Ellison family has failed to put real money behind its bid for Warner’s legendary movie studio, HBO and CNN.

Paramount “has consistently misled WBD shareholders that its proposed transaction has...Read more

SpaceX has transformed the aerospace industry with its reusable rockets — radically lowering the cost of lifting satellites into space while bringing internet service to all corners of the globe with its Starlink network.

Now, Elon Musk's privately held company is eyeing what could be the largest initial public offering ever as it faces ...Read more

Kraft Heinz has named veteran Chicago-based executive Steve Cahillane as CEO beginning Jan. 1, taking the reins of the packaged food giant as it prepares to split into two companies.

Cahillane most recently served as chairman and CEO of Kellanova, the Chicago-based snack foods spinoff from cereal-maker Kellogg, which was acquired by Mars in a $...Read more

Jeep's CEO on Tuesday apologized and promised $100 gift cards in a note to owners of the brand's plug-in hybrids, who have dealt with as many as three recalls over battery fire risk in the past two years.

Bob Broderdorf said most of the brand's Wrangler and Grand Cherokee 4xe hybrids aren't affected by the battery problems but acknowledged the ...Read more

Bankrupt Spirit Aviation Holdings Inc. is in discussions to merge with Frontier Group Holdings, people familiar with the matter said.

A transaction could be announced as soon as this month, said the people, who asked not to be identified because the matter is confidential. The discussions are ongoing and could end without a deal taking place, ...Read more

The Port of Los Angeles expects it will move than 10 million container units for the second year in a row despite President Trump's tariffs — but that number is likely to drop off in 2026 as the fallout of the administration's trade war persists.

This year's volume will reflect a decision by importers to get ahead of the tariffs before the ...Read more

California led a coalition of 16 states Tuesday to sue the Trump administration in an effort to free up billions of dollars in federal funds intended to build and repair electric vehicle charging stations that it argues the White House has illegally blocked.

Attorney General Rob Bonta said the U.S. Department of Transportation did not have the ...Read more

While a company’s stock price doesn’t always tell the whole story, Sandy Springs, Georgia-based UPS’ shares have certainly been telling one in 2025.

This year, the global shipping giant’s stock reached lows it hadn’t seen since the COVID-19 pandemic first hit the markets in 2020.

Nearly a year ago, UPS shares tumbled nearly 20% after...Read more

An Amazon warehouse near the gates of Los Angeles International Airport has sold for a record price as logistics centers near transportation hubs grow in value.

The real estate investment arm of global financial services firm Morgan Stanley recently paid $211 million for the distribution center on 98th Street amid several private long-term ...Read more

If you're looking for where the most crucial governmental backlash to a merger deal involving Warner Bros. Discovery, you might want to turn your attention east — to Europe, where regulators are girding to take an early look at any such deal.

Both of the leading bidders — Netflix, which has the blessing of the WBD board, and Paramount, ...Read more

Medline Inc.’s long-delayed initial public offering is on track to raise the most of any listing this year, as investors keen on the medical supply company’s business model look past its rocky path back to the public markets.

The company, which was taken private in 2021 by Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman in a $34 ...Read more