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Report: Epic boosts Comcast's theme-park numbers

Business / Business News /

The first holiday season of Epic Universe helped propel fourth-quarter theme-park revenue of Comcast, the company reported Thursday.

Revenue for October-December 2025 was $2.89 billion, an increase of 21.9% over the same period of 2024. The numbers helped bring the Content & Experiences segment — including the company’s film studios and ...Read more

L.E. Baskow/Las Vegas Review-Journal/TNS

'Time to do better': Las Vegas public housing complex to be torn down, redeveloped

Business / Business News /

When Marble Manor opened in the early 1950s, the Las Vegas public housing complex offered modern homes with up-to-date kitchens, bathrooms, heating and cooling.

It had everything needed for “comfort and clean living,” a newspaper columnist wrote, noting it served people who had been living, or just existing, in “paper-box or cardboard ...Read more

Stacey Wescott/Chicago Tribune/TNS

Zuckerberg, Musk vie for AI primacy with $155 billion spree

Business / Business News /

Meta Platforms Inc. will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the U.S. tech giants battle it out for supremacy in the next wave of technological advancements.

Tesla Inc. will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics — almost ...Read more

Patrick Connolly/Orlando Sentinel/TNS

Royal Caribbean confirms two ships in new Discovery class, 10 additional river vessels

Business / Business News /

Royal Caribbean is making waves in the cruise industry with big plans for the next several years, including a new class of oceangoing ships and 10 new river ships.

Royal Caribbean Group announced a series of agreements with the Chantiers de l’Atlantique shipyard in France to secure the construction of its new Discovery class. Jay Schneider, ...Read more

Brian J. Morowczynski/Chicago Tribune/TNS

Owner of Johnny Rockets, Fatburger files for bankruptcy

Business / Business News /

FAT Brands — the owner of multiple restaurant chains including Johnny Rockets, Fatburger and Twin Peaks — has filed for bankruptcy amid debt of more than $1 billion.

The franchiser filed for Chapter 11 on Monday in the U.S. Bankruptcy Court for the Southern District of Texas, according to Fox Business.

FAT operates 18 restaurant brands ...Read more

Kevin J. Hardy/The Detroit News/TNS

Rocket Companies accused of mortgage steering

Business / Business News /

Rocket Companies, which acquired Seattle-based Redfin last year, allegedly pressured agents to steer buyers toward its loans — even if the loan terms were unfavorable for their clients, a lawsuit claims.

In the lawsuit filed Monday in the U.S. District Court for the Eastern District of Michigan, three homeowners from Georgia, North Carolina ...Read more

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Amazon's AI push raises employee climate, layoff concerns

Business / Business News /

As Amazon culls its workforce, the company is pouring billions of dollars into its artificial intelligence infrastructure, leaving some employees wondering whether the trade-off is worth it.

The company will report financial results for 2025 next week and has previously projected it would spend about $125 billion in capital expenditures for the...Read more

Real estate Q&A: What should we prioritize as we look to buy our first home?

Business / Business News /

Q: My partner and I have been together for a few years and have been living in a rented house. It’s time for us to buy our first house. Do you have any recommendations on what we should be looking for in our new home? — Christine

A: There is no shortage of advice when you are looking to buy your first home.

The first thing to understand is...Read more

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Peet's Coffee is closing outlets in California

Business / Business News /

Peet's Coffee plans to shutter some stores, including at least two in Southern California, by the end of January.

A Peet's spokesperson said in an email that the closures were a "difficult decision" and "reflect a broader effort to align our business with long-term growth priorities and current market conditions."

Workers at the Manhattan ...Read more

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With gold and silver hitting record prices, Las Vegas dealers are in uncharted territory

Business / Business News /

To say this is the craziest time in the precious metals business is an understatement, said a Las Vegas gold and silver dealer.

“I’m just glad I lived long enough to see this, you know what I mean?” said Steve Gibson, owner of Sahara Gold & Silver Buyers. “I operated at $5 (per troy ounce) for silver for so many years, and now that I’...Read more

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Not 'Just Ken': Mattel shares Barbie's longtime boyfriend's full name

Business / Business News /

At the 2024 Oscars, Ryan Gosling, reprising his role as Ken in Greta Gerwig's 2023 movie "Barbie," donned a bedazzled pink suit and belted the ballad "I'm Just Ken."

"I'm just Ken, anywhere else I'd be a 10," the actor sang. "Is it my destiny to live and die a life of blond fragility?"

Barbie's needy male counterpart, it turns out, is not "...Read more

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Costco's $4.99 rotisserie chicken gets roasted in lawsuit. Here's what they're claiming

Business / Business News /

Costco's famed $4.99 rotisserie chicken is under fire in a proposed class action lawsuit claiming that the big box warehouse falsely advertised that its birds were preservative free.

Two California shoppers say Costco mislead customers nationwide by prominently advertising its rotisserie chicken as containing no preservatives, while discreetly ...Read more

Nelvin C. Cepeda/The San Diego Union-Tribune/TNS

San Diego shows what happens when a city actually lets builders build

Business / Business News /

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

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Tesla plots $20 billion spending spree to build Musk's AI future

Business / Business News /

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

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Meta leans on improved ad business to fuel massive AI spending

Business / Business News /

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

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Fed holds rates steady, nods to stabilization in jobless rate

Business / Business News /

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

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Fed holds rates steady, nods to stabilization in jobless rate

Business / Business News /

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

Monica Herndon/The Philadelphia Inquirer/TNS

Immigration activists stage protests at Philly Target stores, demand the company reject ICE

Business / Business News /

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

Chris Sweda/Chicago Tribune/TNS

Stellantis set to delay Illinois plant reopening, UAW official says

Business / Business News /

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

Eileen T. Meslar/Chicago Tribune/TNS

Lurie Children's planning new hospital in Chicago suburbs

Business / Business News /

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