Business
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Diesel prices surge just as farmers need fuel the most
On a sprawling property near the Murray River in Australia’s southeast, Andrew Russell is gearing up to harvest one of his best grain crops in years after plentiful rain. But two wars half a world away are souring what should be a celebrated season for the nation’s farmers.
Diesel prices have soared globally as supplies tighten due to ...Read more
Heating oil prices have risen 86% over last year. What CT officials fear as consumers ask 'Do I buy groceries'
With home heating oil prices skyrocketing, officials are urging Connecticut residents to reach out for assistance before the freezing weather whips across the state this winter.
The current price of $5.91 per gallon is 86% above the average at this time last year and up 50% from June, officials said. The ongoing war in Iran has put a strain on ...Read more
Canadian autoworkers schedule strike vote against Stellantis amid negotiation standoff
Canadian autoworkers union Unifor has scheduled a strike authorization vote for employees at the maker of Chrysler, Dodge, Jeep and Ram.
Negotiations between the Toronto-based labor union and Stellantis NV have been at an impasse for almost a month after the transatlantic automaker disclosed it has a tentative agreement to sell its idled ...Read more
Waymo begins fully autonomous testing in Detroit, other northern cities
Drivers on Detroit roads are about to become acquainted with a phenomenon that's become commonplace in other cities across the South and the West Coast: cars traveling without anyone behind the wheel.
Waymo LLC’s rideshare service began full autonomous testing in Detroit this week without a human specialist at the wheel as the rideshare ...Read more
ChatGPT's teen safeguards failed to alert parents during suicide conversations, report finds
The guardrails OpenAI put in place to protect teens don't seem to be working, according to a new report.
Common Sense Media's Youth AI Safety Institute rated ChatGPT for Teens an "Unacceptable Risk" for children under 18 in a study published Wednesday. The media and technology watchdog organization urged OpenAI to pause marketing the product ...Read more
Joby Aviation hit with $116.9 million verdict in trade secrets lawsuit
A federal jury reached a verdict last week in the latest lawsuit surrounding the burgeoning market for electric vertical takeoff and landing aircraft.
The jury in Tampa, Florida, found that air taxi startup Joby Aviation owes roughly $116.9 million to aviation supplier Aerosonic after it allegedly breached a confidentiality agreement and ...Read more
Google and Constellation Energy form power purchase and AI alliance
Less than a week after the owner of Calvert Cliffs nuclear plant and Amazon reached a 20-year power deal, Constellation Energy announced a similar and even bigger agreement with Google that’s expected to boost electricity supply in Maryland and other states.
A 20-year power purchase agreement with Google will allow Baltimore-based ...Read more
US share of studio TV spending fell from 94% to 64%, unions say
A coalition of Hollywood unions is leaning on Congress to enact a federal film tax credit, citing new research that highlights the heavy outflow of productions from the U.S.
For decades, television was the part of Hollywood that stayed home. But over the last quarter-century, with the rise of streaming and the offshoring of production, the U.S....Read more
Disney World raises prices of annual passes, tickets
An already expensive visit to the “Most Magical Place on Earth” is about to get even costlier as Walt Disney World raises prices for annual passes and some single-day tickets.
The top-tier Disney Incredi-Pass, which allows entry to all four parks for a year with no block-out dates, now sells for $1,749. Since last October, the pass sold for...Read more
Commentary: Democrats can become the party of business
For half a century, Republicans have worn the “party of business” label like a permanent badge — tax cuts, deregulation, tough trade talk — while Democrats have too often ceded the ground, treating economic strength as someone else’s brand to react to rather than a story to tell.
A new survey commissioned by the nonpartisan U.S.-Asia ...Read more
China's ascendant auto industry: How top Detroit 3 execs are responding
DETROIT — From robot-heavy factories to using artificial intelligence to design cars, automakers are speeding to catch up with China's lightning-fast development of low-price vehicles as the manufacturing giant's vehicle production grows rapidly and globally.
Experts at the Automotive News Congress in Detroit last week warned of China's ...Read more
Anduril plans $3.7B submarine shipyard in Maryland, promising 3,100 jobs
Anduril Industries plans to invest $3.7 billion in a submarine manufacturing shipyard at Sparrows Point, promising more than 3,100 permanent jobs at full operation as Maryland and Baltimore County consider public support that could reach roughly $481 million.
The defense company’s proposed Arsenal-2 facility would bring large-scale ...Read more
As NASA takes back jobs, contractor Amentum to lay off 70 at Kennedy Space Center
Earlier this year NASA Administrator Jared Isaacman announced NASA would begin taking back jobs it had doled out to contractors over the years. As a result, the company Amentum, with one of the biggest footprints at Kennedy Space Center, said it would lay off 70 positions on the Space Coast.
“NASA has notified Amentum, Base Operations and ...Read more
Paramount-Warner Bros. transaction closes, creating a new Hollywood colossus
David Ellison emerged with his prized Hollywood juggernaut on Tuesday as the merger of Paramount Skydance and Warner Bros. Discovery officially closed.
The $111 billion transaction culminated a year-long battle by the 43-year-old tech scion to add Warner Bros. Discovery to his family’s growing portfolio. Ellison’s small Paramount fended off...Read more
Lab-grown diamonds are booming. Jewelers are dealing with the fallout
Walk into Henne Jewelers in Pittsburgh's Shadyside neighborhood and you won’t see a single lab-grown diamond.
They aren’t displayed in the showcases. They aren’t advertised. And owner John Henne won’t recommend them to customers.
But if you really want one, Henne will sell it to you — because in recent years he started keeping a ...Read more
UK retail conglomerate acquires minority stake in Under Armour
A U.K. retail conglomerate founded by British billionaire Michael Ashley has become a significant investor in Baltimore-based Under Armour.
Frasers Group, the parent company of Sports Direct stores and other sports and luxury retail brands, acquired an 8.8% stake in Under Armour, according to an Oct. 1 filing with the U.S. Securities and ...Read more
C.H. Robinson to buy rival for $5.8 billion
C.H. Robinson, already one of the world’s largest third-party logistics companies, is buying rival freight broker RXO in a deal valued at nearly $6 billion.
The Eden Prairie, Minnesota-based company said it plans to bring its artificial intelligence tools and cost-cutting approach to RXO, with the goal of handling more shipments more ...Read more
State Farm raising Illinois homeowners insurance rates by 8%
It may not cause the sticker shock of last year’s whopping increase, but State Farm is set to raise homeowners insurance rates in Illinois by another nearly 8% this fall, according to a recent filing with the state.
The increase went into effect for new policies on October 1, while current customers will see the higher rates beginning in ...Read more
Florida gas prices drop by double digits
You’re not seeing things — Florida’s gas prices dropped over 35 cents in the last 10 days, although they remain above $4 a gallon.
On Monday, the average price for a gallon of regular unleaded gas was $4.06, according to AAA.
The national average remained above that, at $4.37.
The decline is saving drivers roughly $5 to $7 per fill-up ...Read more
Warren, Hawley press insurers over closed, unpaid claims
U.S. Sens. Elizabeth Warren and Josh Hawley are questioning six insurers, including State Farm Mutual Automobile Insurance Co. and Allstate Corp., over concerns about a growing number of claims that are closed without payment to policyholders.
Warren, a Massachusetts Democrat, and Hawley, a Missouri Republican, wrote letters to State Farm, ...Read more
Popular Stories
- China's ascendant auto industry: How top Detroit 3 execs are responding
- Lab-grown diamonds are booming. Jewelers are dealing with the fallout
- Commentary: Democrats can become the party of business
- Anduril plans $3.7B submarine shipyard in Maryland, promising 3,100 jobs
- Paramount-Warner Bros. transaction closes, creating a new Hollywood colossus









