As Los Angeles grapples with a housing shortage, it could learn from San Diego, which has proved better at convincing construction companies to build more.

The city is more welcoming to developers, industry insiders say, with fewer regulations and fees, better planning and less rent control.

"It is easier to build in San Diego over Los Angeles...Read more

Tesla Inc. plans $20 billion of spending this year to streamline its electric-vehicle lineup and shift resources toward robotics and AI, part of a sweeping set of changes pushing the company further from its roots as an automobile manufacturer.

The capital expenditure plans laid out Wednesday – roughly twice as much as Wall Street was ...Read more

Meta Platforms Inc.’s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.

The social networking giant topped projections for holiday quarter revenue and gave a strong forecast for the current period during its earnings report Wednesday. Improvements ...Read more

Jerome Powell has two more opportunities to adjust interest rates before his term as Federal Reserve chair ends — and he may not need them.

After the Fed kept borrowing costs on hold Wednesday, Powell talked up a “clear improvement” in the US outlook and said the job market shows signs of steadying. It signals a cautious optimism: Fed ...Read more

Federal Reserve officials left interest rates unchanged and pointed to improvements in the U.S. economy as they signaled a more cautious approach to potential future adjustments.

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen ...Read more

No ICE Philly activists demonstrated at Target stores in the city on Tuesday evening, attempting to slow business operations at a company that they say wrongly cooperates with federal immigration enforcement.

Stores in South Philadelphia, Rittenhouse, Fairmount, Port Richmond and on Washington Avenue and City Avenue were among those targeted, ...Read more

A local United Auto Workers union leader said it appears Stellantis NV will delay reopening its Belvidere Assembly Plant in Illinois, but the automaker isn't confirming any change in plans for the 5 million-square-foot facility that closed in 2023.

Matt Frantzen, president of UAW Local 1268, which represents members in Belvidere, said the ...Read more

Lurie Children’s Hospital is in the early stages of planning a new children’s hospital in the Downers Grove area, Lurie announced Wednesday.

The new hospital would be the system’s first hospital with inpatient beds outside of its main facility in downtown Chicago. The plan follows years of closures of pediatric units at community ...Read more

The Illinois Racing Board has suspended the operating license for harness racing at Hawthorne Race Course, citing ongoing financial difficulties.

The board cited Suburban Downs, which operates harness racing at Hawthorne, Monday for “failure to provide documentation demonstrating its financial integrity,” and proof that it can meet the ...Read more

The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious.

The decision means Fed policymakers will keep their benchmark rate in a target range of 3.5-3.75%, pausing a recent string of three rate cuts that began in September 2025. ...Read more

Federal Reserve officials left interest rates unchanged and pointed to improvements in the U.S. economy as they signaled a more cautious approach to potential future adjustments.

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen ...Read more

The Nevada Gaming Commission on Thursday is expected to decide whether it will consider the unprecedented removal of a living person from the Nevada Gaming Control Board’s List of Excluded Persons.

Commissioners will consider whether a hearing is in order for Francis Citro, 80, a Las Vegas man who was placed on the list, also known as Nevada�...Read more

The Bears didn’t get to the Super Bowl this year, but one Chicago company will be making its first appearance.

Grubhub, the pioneering Chicago-based food delivery service, announced Monday it is running a TV commercial during the Super Bowl LX broadcast Feb. 8 from Levi’s Stadium in Santa Clara, California.

The Big Game is a big bet for ...Read more

Amazon is laying off another 16,000 employees and closing all of its Amazon Fresh and Amazon Go locations.

The e-commerce titan said Wednesday that the latest reductions are part of ongoing efforts to streamline the company.

"We've been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy," ...Read more

Pinterest said Tuesday it's planning to slash up to 15% of its workforce.

The San Francisco-based image-sharing platform used for inspiration for home decor, fashion and other interests is laying off workers as part of a restructuring plan.

It will partly use the savings to fund "AI-focused roles and teams that drive AI adoption and execution,...Read more

SEATTLE — A former Starbucks vice president is suing the Seattle-based coffee giant over wrongful termination and sex discrimination allegations.

Janice Waszak filed the complaint Monday in King County Superior Court, alleging that her employer illegally canned her after she raised concerns about the safety and functionality of an equipment ...Read more

Thousands of middle-class Californians who depend on the state-run health insurance marketplace face premiums that are thousands of dollars higher than last year because enhanced federal subsidies that began during the COVID-19 pandemic have expired.

Despite fears that more people would go without coverage with the end of the extra benefits, ...Read more

With Florida leading the world in launches again in 2025 and with no signs of slowing down, the state is ground zero for challenges for a growing industry as other spaceport players across the U.S. and world start to build momentum.

“We finally cracked triple digits. Got to 109 launches,” said Dale Ketchum, Space Florida’s vice president ...Read more

More than 47,000 hourly workers at General Motors Co. will get profit-sharing payments of $10,500 for 2025 as the automaker posted full-year earnings of $2.7 billion despite sliding to a $3.3 billion fourth-quarter loss, according to financial data released Tuesday.

For every $1 billion GM makes in North America, the automaker's hourly U.S. ...Read more