The Trump administration has ordered a new national security review of Nippon Steel Corp’s bid to buy U.S. Steel, signaling a potential new avenue for the $14.9 billion deal to go through.

President Joe Biden blocked the acquisition in January, after a review by the Committee on Foreign Investment in the United States (CFIUS) deadlocked over ...Read more

Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a "perfect storm" created by President Trump's auto tariffs and Elon Musk's deteriorating reputation.

Wedbush Securities analyst Dan Ives cut his price target from $550 to $315 over the weekend while maintaining his "outperform" rating of ...Read more

Gasoline prices should drop under $5 a gallon and stay there for awhile.

That’s the analysis of Patrick De Haan, head petroleum analyst at GasBuddy, which tracks prices.

Oil has been the rare glimmer of good economic news in recent days. President Donald Trump exempted oil prices from tariffs, and crude oil prices have been plunging for ...Read more

Boeing reached a last-minute settlement with families of two people killed in the 2019 Ethiopian Airlines crash, marking another series of cases that concluded before heading to trial and bringing the company closer to ending the legal turmoil from two deadly crashes six years ago.

Antoine Lewis and Darcy Belanger were among 157 people killed ...Read more

China placed two drone manufacturers with Seattle ties on its “unreliable entity” list, subjecting them to trade sanctions and export controls.

Seattle-based Brinc Drones, which specializes in tactical and emergency response drones, was accused of “military technology cooperation with Taiwan,” which it considers its territory. China ...Read more

Market capitulation is a term used by investors and traders during times of market decline. It refers to an extreme point of panic selling, where investors are willing to sell their assets at any price, resulting in a rapid decline in prices. Dictionaries define capitulation as the act of surrendering, which is a good way of thinking about how ...Read more

Stocks sold off in early April as investors grappled with how tariffs would impact inflation and the outlook for economic growth. Some investors even grew concerned about a possible recession. Some of the biggest tech companies saw their shares tumble 20% or more, with Tesla falling around 50% from its recent high. The Federal Reserve faces the ...Read more

Colossal Biosciences Inc., a Dallas-based biotech firm with a $10 billion valuation, has announced a new breakthrough in its audacious mission to resurrect extinct animals.

The company said on Monday it’s created three dire wolves, a species popularized by the fantasy series "Game of Thrones" but not seen on Earth in more than 12,000 years. ...Read more

Ulta Beauty is pausing expansion of its Target shop-in-shops this year, CEO Kecia Steelman said.

“In joint partnership with Target, we’ve made the decision to really lean into the 600-plus stores that are open this next year and really look at ‘How do we continue to drive efficiencies and leverage the learnings that we’ve had to really ...Read more

Los Angeles' soundstages once were nearly filled to capacity, as demand for streaming content reached its peak.

But last year, the average annual occupancy rate dropped to 63%, a further indication of Hollywood's sustained production slowdown, according to a new report.

That's a decline from 2023, which saw an average regional occupancy rate ...Read more

Q: There is a little display on my dash that tells me the speed limit of whatever road I’m on. It is amazingly accurate, changing at the very moment I pass a sign with a new limit. But it also knows the speed limit on roads I enter where there is no sign. How does my car receive this information?

C.M., Chicago

A: You are being followed by ...Read more

LAS VEGAS — When David Siegel bought the then-LVH hotel-casino in 2014, he was advised it would be wise to shut down the hotel for extensive upgrades.

Siegel authorized the work. But he wasn’t locking the doors as the hotel turned over to the Westgate.

“That would have put 2,000 people out of work, and we thought we’ll work around the ...Read more

SAN FRANCISCO — The iPhone is a quintessentially 21st century product — Californian in its creation and design and now enmeshed in the global economy.

Apple makes most of its iPhones in China, though in recent years the Cupertino-based company has made more of its products in India, Vietnam and other nations. In all, the tech giant says it...Read more

A federal judge set a March trial in Elon Musk’s challenge to Sam Altman’s plans to overhaul OpenAI’s business structure, setting the stage for a high-stakes clash between the two billionaires.

U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, put the trial on her calendar for March 16 during a hearing Friday after ...Read more

ARLINGTON, Va. — Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.

"While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible that the effects could be more ...Read more

DETROIT — In a company town that’s seen more than its share of economic hardship, President Donald Trump’s Tariffpalooza could get ugly for Detroit real fast.

It's a presidential choice, marked Thursday by plunging stock markets around the world not seen since the outbreak of COVID-19. Just hours after Trump unveiled import taxes against ...Read more

The parent of Chrysler, Dodge, Jeep and Ram on Friday said it's following Ford Motor Co.'s lead in offering employee discount pricing to its customers in the wake of tariffs being instituted on imported vehicles.

Stellantis NV's offering will run through the end of the month, the automaker confirmed in a statement. The promotion comes a day ...Read more

SAN JUAN, Puerto Rico — Honda is more than an appliance maker. It has thrilled enthusiasts with racy motorbikes, Civic Type Rs, S2000 sports cars on road — dirt bikes, FourTrax ATVs, Talon side-by-sides off-road.

Now it has an armored, dirt-kicking SUV to tow them. Say hello to the rugged all-wheel-drive Passport SUV with standard orange ...Read more

The Toyota Land Cruiser returns for a second season in its current iteration, a slimmed-down SUV that lacks the V-8 engine and opulent interiors previously offered. While previously Land Cruiser was priced similarly to its Lexus sibling, that changed for 2024 when Toyota switched the truck architecture used for the Toyota 4Runner, Sequoia, ...Read more