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Wally Skalij/Los Angeles Times/TNS

87% of Californians are concerned home insurance will rise due to climate change

Business / Business News /

A whopping 87% of Californians are concerned that climate change could increase their home insurance rates, according to a new study released Wednesday by the Public Policy Institute of California. Some 60% said they were very concerned, a remarkable increase from the 47% who said the same last year.

The statistic was among the most striking ...Read more

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FCC approves Paramount-Skydance merger following protracted political tug-of-war

Business / Business News /

David Ellison stepped within reach of his hard-fought prize, Paramount Global, after winning regulators' blessing for his Skydance Media's $8-billion takeover of the storied media company.

President Trump-appointed Federal Communications Commission Chairman Brendan Carr approved the Skydance-Paramount merger Thursday after months of turmoil and...Read more

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Tesla stock dips as second-quarter earnings reduce investor confidence

Business / Business News /

Tesla shares tumbled Thursday after its latest earning results knocked the wind out of investors' confidence in Elon Musk's electric vehicle maker.

The company has been facing intense competition, cooling consumer interest and a reduction of the government incentives that made buying EVs more affordable.

Musk, the chief executive, broadcast ...Read more

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What is the Justice Department investigating at UnitedHealth Group?

Business / Business News /

UnitedHealth Group, one of the biggest health care companies in the world, confirmed Thursday that it’s cooperating with federal investigators probing the company’s large Medicare business.

While the Wall Street Journal had previously reported on the probe quoting unnamed sources, this was the first public acknowledgement by the Minnesota-...Read more

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In a reversal, UnitedHealth says it's cooperating with DOJ investigation into Medicare practices

Business / Business News /

In a clear reversal, UnitedHealth Group said Thursday it is cooperating with a U.S. Department of Justice investigation into its Medicare business.

The disclosure was an about-face from the company’s response in May when the Wall Street Journal first reported the DOJ had opened a criminal investigation into the company. At the time, ...Read more

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Trump quietly renews Chevron's license in Venezuela, marking shift in US policy

Business / Business News /

In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil giant Chevron to restart its operations in the South American nation, according to sources with direct knowledge of the negotiations.

The decision this week represents a departure from earlier hard-line measures and ...Read more

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Alaska Airlines says it is starting to 'turn a corner' despite tariffs

Business / Business News /

Alaska Air Group reported Wednesday much lower profits in the second quarter compared with the same time period last year, but it remained optimistic amid the impact of tariffs and cautious consumer spending.

In the second quarter, which runs April to June, Alaska reported $172 million in profit, or $1.42 per share. In the same period last year...Read more

Myung J. Chun/Los Angeles Times/TNS

This LA company builds venues for the world's biggest pop stars, sports teams and sumo wrestlers

Business / Business News /

Sports and music fans, flocking to a once-questionable corner of downtown, were the springboard for an L.A.-born multibillion-dollar empire of venues and events for screaming enthusiasts around the globe.

AEG, the company behind Crypto.com Arena and the L.A. Live district, has turned its know-how about hosting and promoting big shows into a ...Read more

Chase Stevens/Las Vegas Review-Journal/TNS

IRS slot jackpot threshold is going up, experts say. But when?

Business / Business News /

The threshold for reporting slot machine jackpots to the IRS is going up, but not immediately.

At least, that is how many people close to the casino industry are interpreting the situation.

The One Big Beautiful Bill Act included a revision to IRS Code Section 6041, increasing the reporting threshold to $2,000 and tying future increases to ...Read more

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Michael Hiltzik: Has Musk lied about self-driving Teslas? California says so

Business / Business News /

Over the years, Elon Musk has been known for making extravagant promises about the capabilities of Tesla cars, and for falling short.

California has finally called him out, via a lawsuit accusing Tesla of leading buyers to believe that its vehicles can operate autonomously — as self-driving cars — which they "could not and cannot do." That ...Read more

Brian Cassella/Chicago Tribune/TNS

New Illinois law aims to make it easier to evict squatters

Business / Business News /

A new Illinois law is intended to allow law enforcement to remove squatters from privately owned property without the necessity of a lengthy eviction process.

The measure, signed into law by Gov. JB Pritzker on Monday, clarifies what has long been a point of contention over how authorities should handle squatters — people who are living in a ...Read more

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UnitedHealth Group cooperating with federal investigation of its Medicare business

Business / Business News /

UnitedHealth Group says it’s cooperating with a U.S. Department of Justice investigation of its Medicare business, including complying with formal criminal and civil requests by the department.

The disclosure Thursday morning by the Minnesota-based health care giant is an about-face from the company’s response in May, when the Wall Street ...Read more

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US jobless claims fall for a sixth week, lowest since mid-April

Business / Business News /

Applications for U.S. unemployment benefits fell for a sixth straight week, underscoring the resilience of the labor market.

Initial claims decreased by 4,000 to 217,000 in the week ended July 19, still the lowest since mid-April. That marked the longest stretch of declines since 2022, and the figure fell short of the median forecast in a ...Read more

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Delta uses AI to set airfares. Some senators are worried

Business / Business News /

For more than a year, Delta Air Lines has been exploring how artificial intelligence might revolutionize the way it sets airfares. Several Democratic senators say they’re concerned about what it might mean for consumer privacy and fairness.

Expanding the use of AI to set individualized fares, the senators wrote in a letter, will “likely ...Read more

Real estate Q&A: How do I convince 'unreasonable' neighbor to fix plants that are wrecking my fence?

Business / Business News /

Q: I have a chain-link fence separating my property from my neighbor’s. They have a bird of paradise and a coconut palm (that hatched from a coconut) that are destroying my fence. We’ve spoken to him, and he did a half-hearted job of fixing the problem. In fact, there was no real improvement at all. He refuses to discuss the issue. Very ...Read more

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Georgia Tech is building a $20 million AI supercomputer

Business / Business News /

Georgia Tech has received a $20 million federal grant to build a powerful new supercomputer in Midtown that will harness artificial intelligence to boost the work of scientists across the nation.

Researchers hope the supercomputer, which Georgia Tech is calling Nexus, can lead to scientific breakthroughs like designing quantum materials and ...Read more

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Tech companies want to move fast. Trump's 'AI Action Plan' aims to remove 'red tape'

Business / Business News /

The Trump administration on Wednesday laid out a plan that aims to make it easier for companies to quickly develop and deploy artificial intelligence technology.

The initiative shows how Silicon Valley tech executives who backed Trump during the election are shaping federal policy that will impact their businesses as they compete globally to ...Read more

Helen H. Richardson/The Denver Post/TNS

Colorado issues notices to companies in falsified data case over cleanup of 404 oil and gas sites

Business / Business News /

State regulators took the first enforcement actions against some of Colorado’s largest oil and gas operators as part of an ongoing investigation into reports of environmental consultants’ falsification of data on the cleanup of 404 sites in Weld County.

The Colorado Energy and Carbon Management Commission, or ECMC, which regulates the oil ...Read more

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Tech review: Big sound, small package

Business / Business News /

My wife is a preschool music teacher, and a big part of her curriculum is playing music in class.

She used to carry a small boombox about the size of a cigar box to play music from CDs.

Today she carries all her music on her phone and plays it wirelessly through a speaker connected via Bluetooth.

As the wife of a tech reviewer, she is my main...Read more