SpaceX has transformed the aerospace industry with its reusable rockets — radically lowering the cost of lifting satellites into space while bringing internet service to all corners of the globe with its Starlink network.

Now, Elon Musk's privately held company is eyeing what could be the largest initial public offering ever as it faces ...Read more

Kraft Heinz has named veteran Chicago-based executive Steve Cahillane as CEO beginning Jan. 1, taking the reins of the packaged food giant as it prepares to split into two companies.

Cahillane most recently served as chairman and CEO of Kellanova, the Chicago-based snack foods spinoff from cereal-maker Kellogg, which was acquired by Mars in a $...Read more

Jeep's CEO on Tuesday apologized and promised $100 gift cards in a note to owners of the brand's plug-in hybrids, who have dealt with as many as three recalls over battery fire risk in the past two years.

Bob Broderdorf said most of the brand's Wrangler and Grand Cherokee 4xe hybrids aren't affected by the battery problems but acknowledged the ...Read more

Bankrupt Spirit Aviation Holdings Inc. is in discussions to merge with Frontier Group Holdings, people familiar with the matter said.

A transaction could be announced as soon as this month, said the people, who asked not to be identified because the matter is confidential. The discussions are ongoing and could end without a deal taking place, ...Read more

The Port of Los Angeles expects it will move than 10 million container units for the second year in a row despite President Trump's tariffs — but that number is likely to drop off in 2026 as the fallout of the administration's trade war persists.

This year's volume will reflect a decision by importers to get ahead of the tariffs before the ...Read more

California led a coalition of 16 states Tuesday to sue the Trump administration in an effort to free up billions of dollars in federal funds intended to build and repair electric vehicle charging stations that it argues the White House has illegally blocked.

Attorney General Rob Bonta said the U.S. Department of Transportation did not have the ...Read more

While a company’s stock price doesn’t always tell the whole story, Sandy Springs, Georgia-based UPS’ shares have certainly been telling one in 2025.

This year, the global shipping giant’s stock reached lows it hadn’t seen since the COVID-19 pandemic first hit the markets in 2020.

Nearly a year ago, UPS shares tumbled nearly 20% after...Read more

An Amazon warehouse near the gates of Los Angeles International Airport has sold for a record price as logistics centers near transportation hubs grow in value.

The real estate investment arm of global financial services firm Morgan Stanley recently paid $211 million for the distribution center on 98th Street amid several private long-term ...Read more

If you're looking for where the most crucial governmental backlash to a merger deal involving Warner Bros. Discovery, you might want to turn your attention east — to Europe, where regulators are girding to take an early look at any such deal.

Both of the leading bidders — Netflix, which has the blessing of the WBD board, and Paramount, ...Read more

Medline Inc.’s long-delayed initial public offering is on track to raise the most of any listing this year, as investors keen on the medical supply company’s business model look past its rocky path back to the public markets.

The company, which was taken private in 2021 by Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman in a $34 ...Read more

Citadel is shrinking its footprint in Chicago three years after billionaire owner Ken Griffin left for Florida, moving the company’s remaining operations in the city out of the downtown tower that was named for it, according to people familiar with the matter.

The company, which also shifted its headquarters to Miami in 2022, is relocating ...Read more

Cheryl Wilson’s résumé is near perfect.

She has worked all her life, notching decades of experience at back-to-back corporate jobs that often tapped her to train new hires.

But after a software company laid her off two years ago, the 64-year-old has struggled to land a new job for the first time in her career.

Because for all her ...Read more

PayPal Holdings Inc. applied to become a bank in the U.S., looking to take advantage of the Trump administration’s openness to financial-technology companies entering the banking system.

The payments-focused firm submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-...Read more

United Parcel Service Inc. will invest $120 million in 400 robots used to unload trucks, according to people familiar with the matter, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profits by decreasing labor costs.

Unloading trucks and shipping containers at warehouse docks is mostly done by ...Read more

In a major move away from electric vehicles, Ford Motor Co. will take a majority of $19.5 billion in special charges in the fourth quarter of 2025 as it restructures its Model e division to be profitable by 2029 and reutilizes EV plants for other applications.

The Dearborn, Michigan, automaker will focus on higher-return products and businesses...Read more

The die is cast, with New York City getting three outer-borough casinos after a pivotal final vote Monday.

In an expected move, the New York State Gaming Commission decided to grant licenses to the single Bronx and two Queens applications during a meeting at Riverbank State Park in Manhattan. The winners are Genting Group’s existing Resorts ...Read more

Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics.

Founded 35 years ago, the Massachusetts company pioneered the development of home vacuum robots and grew to become one of the most recognizable American consumer brands.

Over the years, it lost ground to Chinese competitors...Read more

Jeep's popular plug-in hybrids have been hit with multiple serious recalls in recent months, and owners — a loyal group who often trade tips and photos of their rigs online — are getting increasingly fed up.

First came an over-the-air software update glitch in mid-October that led to many Wrangler 4xe drivers suddenly losing power on the ...Read more

Most Americans feel uncomfortable with their emergency savings — and for good reason. According to Bankrate’s latest research, building a financial cushion feels impossible when you’re drowning in forgotten subscriptions, overpaying for everything and manually tracking expenses that slip through the cracks.

AI-powered finance apps solve ...Read more

The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to guide his deeply divided committee toward a consensus over how to manage an economy suffering from both higher inflation and unemployment.

The Federal Open Market Committee (FOMC) in December reduced its benchmark ...Read more