Amazon.com Inc. has reached a new agreement with the U.S. Postal Service, providing a lifeline to the beleaguered government agency and securing delivery for customers in rural America.

Under the deal, Amazon will retain about 80% of ​its existing deliveries ​with USPS, or more than ‌1 ⁠billion packages per year, according to a person ...Read more

Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as the war in Iran sent crude and fuel prices skyrocketing.

The refiner projects impacts of $900 million on its standard net-short position on crude, refined oil products, natural gas liquids and...Read more

Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom Inc. and Google to power its burgeoning operations.

The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 ...Read more

General Motors Co.’s vehicle brand names are no longer displayed on the Renaissance Center's digital signage.

The vehicle brand names had appeared after the GM logo was removed from the tallest tower in January when the company moved its headquarters to Bedrock's Hudson's Detroit on Woodward, said GM spokesperson Kevin Kelly.

GM, which owns ...Read more

Oracle disclosed plans to slash 654 jobs in the Bay Area after recent reports that the company had emailed termination notices to potentially thousands of employees worldwide.

The software and cloud services company will eliminate 312 jobs in Redwood City, 184 positions in Santa Clara and 158 jobs in Pleasanton, according to WARN notices that ...Read more

OpenAI has asked Attorney General Rob Bonta to investigate allegations that Tesla executive Elon Musk and Meta executive Mark Zuckerberg are working together to undermine OpenAI’s philanthropic efforts and boost Musk’s ongoing lawsuit against the artificial intelligence behemoth and its chief executive, Sam Altman.

Last month, OpenAI ...Read more

Amazon will charge some sellers on its platform a 3.5% surcharge later this month, as the war in Iran drives up oil prices and increases the e-commerce giant’s costs.

The affected sellers are the critical mass of Amazon’s online marketplace, independent merchants that sell products through Amazon and also rely on the company for packing and...Read more

SpaceX and investment bankers will host meetings to pressure-test the Elon Musk-led company’s targeted $2 trillion valuation, a crucial step as it drives toward the largest-ever initial public offering, people familiar with the matter said.

Two months after a merger with xAI, senior bankers are poised to begin talks around the rocket, ...Read more

One of the hottest tickets for the events surrounding Super Bowl LX in February was a party thrown at the Cow Palace in San Francisco by Sports Illustrated, where attendees could hang with Justin Bieber, Kevin Hart and Travis Kelce.

The magazine's logo and a team of models from its latest annual swimsuit issue were present at another pre-game ...Read more

As the Bay Area job market kicked off 2026 with a surge of hiring, data shows 2025 produced a far more sturdy employment picture in the region and California than state labor officials first reported, according to revisions of initial estimates.

After first reporting that the region lost 20,000 jobs in 2025, the latest yearly revision from the ...Read more

Thousands of striking employees will return to work at the JBS meatpacking plant in Greeley on Tuesday after the company agreed to return to the negotiating table, union officials said Saturday.

The strike at one of the country’s largest meatpacking plants was set to enter its fourth week after 3,800 JBS workers walked off the job on March 16...Read more

MORTON, Washington — Countless logging trucks rumbled through timber country, their drivers headed toward Hampton Lumber's sawmill in Morton. Low-hanging clouds touched the tops of the rolling foothills, with patches of land bald from timber harvesting.

We take our logs and get every bit out of it that we possibly can. And we replant, and we ...Read more

Layoffs at tech companies are continuing at a blistering pace this year as the industry navigates emerging artificial intelligence trends and the ballooning costs associated with them.

The tech sector, which includes Seattle's Amazon and Redmond's Microsoft as well as thousands of smaller firms, announced more than 18,700 job cuts in March for ...Read more

Life Time is leaning into premium offerings and higher prices, a bet that’s paying off.

Founder and CEO Bahram Akradi said the fitness company continues to move away from a traditional gym model built on large numbers of infrequent users.

Instead, it is building what he calls “a social, athletic country club environment.”

Custom scent ...Read more

LOS ANGELES — The Writers Guild of America and the Alliance of Motion Picture and Television Producers have reportedly reached a tentative four-year deal for a new contract.

Negotiations between the union and film and TV studios began in March, with union leaders prioritizing more robust healthcare benefits, streaming residuals and ...Read more

The prediction market operator that has been in a legal dispute with Nevada gaming regulators for more than a year on Friday was banned by a Carson City judge from writing contracts involving sports results with Nevada residents.

Carson City District Court Judge Jason Woodbury also is giving Kalshi until May 4 to implement geofencing and or ...Read more

Victims of the January 2025 wildfires unhappy with how insurers have handled their claims have filed lawsuits, protested and complained to local and state officials.

This week, they got support from an unexpected ally: President Trump.

"It was brought to my attention that the Insurance Companies, in particular, State Farm, have been absolutely...Read more

U.S. job growth rebounded in March and the unemployment rate unexpectedly fell, suggesting the labor market was stabilizing as the Iran war began.

Nonfarm payrolls rose 178,000 last month, the most since the end of 2024, after revisions showed a sharper decline in February, according to Bureau of Labor Statistics data out Friday. That was ...Read more

LOS ANGELES — As the office market bottoms out after a long fall, renters are swooping in to buy their own buildings.

Occupant businesses are seizing the opportunity to become owners, especially in downtown Los Angeles, where glittering high-rises have plummeted in value since occupancy dropped during the pandemic. It has never fully ...Read more

Since the end of February, the three major stock market indices — the Standard & Poor's 500, the Dow Jones industrials and the Nasdaq composite — have fallen by a few percentage points.

One might ask: That's all? Doesn't the market know there's a war on?

Yes, the stock market knows. It just doesn't care as much as you might think it should...Read more