Chevron dumps California for Texas after 145 years
Chevron Corp., based in California since the days of kerosene lamps, is moving headquarters to Texas after years of fighting Golden State officials over strict environmental policies and costly regulations.
As hundreds of churches sit empty, some become malls and restaurants
Lisa Tofano was baptized, confirmed and married at the Good Shepherd Lutheran Church on Lake Opeka in Des Plaines, Illinois. When she and her husband, John, visited the church last fall, however, it wasn’t to worship but rather to celebrate their 34th wedding anniversary at what the church had become: the Foxtail on the Lake, a restaurant.
How YouTube took over our television screens
SAN FRANCISCO — Two years ago, YouTube abandoned its audacious plan to beat Hollywood at its own game.
Japan wanted higher inflation. Now it’s here, and it hurts
TOKYO — As the rest of the world fought to keep inflation in check, one country welcomed it with open arms.
Is this the solution to California’s soaring insurance price due to wildfire risk?
In the past several years, homeowners across the state have been either burdened with extremely high insurance premiums or have struggled to find coverage at all. Wildfires have sent California’s homeowners insurance market into crisis and the situation is only getting worse. So far, 2024 has seen 219,247 acres burned, more than 20 times the amount this time last year. As wildfires become more frequent and destructive, insurers have worked to lower their risk exposure through rate hikes, nonrenewals, and even halting new policies in the state entirely.
Delta spent years building a premium reputation. Then it had a meltdown
As businesses around the world rushed to restart their operations after a global technology outage before dawn on July 19, aviation experts were shocked to see one carrier struggling more than any other: Atlanta-based Delta Air Lines.
‘We feel stuck’: Child care needs limit women’s workforce gains
Jessica Cuevas loved her job as a college counselor at a high school. But after giving birth to a son in January 2021, she switched to a remote corporate job at a grocery store chain because it gave her more flexibility and saved her commuting time. After her second son was born two years later, she quit that job, too.
What are Harris’ business views? Friendly to Big Tech, aggressive in climate fight
What are Harris’ business views? Friendly to Big Tech, aggressive in climate fight
Fed may be on cusp of emerging from ‘elevated’ inflation blues
WASHINGTON — In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve’s 2% target, U.S. central bank staff and policymakers shifted from their more passive tone about inflation and began describing it as “elevated.”
Corvette bucked a sports car decline. Can it thrive in an EV era?
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity.
Motels are having a moment
In 2022, Lisa Lennox was visiting a friend in Stephenville, Texas, when she stumbled upon the Interstate Inn. The motel, on a highway an hour west of Fort Worth, had seen better days. The building was notorious with local police, and rooms rented for $40 a night. The property needed new plumbing and wiring, and asbestos had to be removed.
Trump Media, gun stocks surge after assassination attempt
Crypto stocks, gun stocks and shares of other companies that could benefit from a Donald Trump presidency jumped on Monday after an assassination attempt on the Republican candidate boosted expectations he would win the November election.
As summer sizzles, US retailers try to move back-to-school shopping to July
NEW YORK — While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever — preferably now — and are timing promotions ahead of Amazon’s Prime Day.
David Ellison’s goal for Paramount: make it a ‘media and technology’ company
To compete in today’s tumultuous entertainment industry, Paramount Global will need to evolve into a “media and technology” company, tech scion and soon-to-be Paramount Chief Executive David Ellison told investors and financial analysts Monday, a day after the company’s board approved a merger deal with his Skydance Media.
It’s fine if investing bores you — Some money pros feel the same way.
For a certain type of money professional, there is a particular question that is decidedly unwelcome, and it tends to come up in a variety of social settings: Got any hot investment tips?
How AI is revolutionizing drug development
MONROVIA, Calif. — The laboratory at Terray Therapeutics is a symphony of miniaturized automation. Robots whir, shuttling tiny tubes of fluids to their stations. Scientists in blue coats, sterile gloves and protective glasses monitor the machines.
Why the stock market has risen even with no Fed rate cuts
The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted.
In a digital age, high-end outdoors magazines are thriving in print
ORANGE COUNTY, Calif. — In an ordinary industrial building off a busy Orange County street, a Seussian contraption, nearly 100 feet long, clattered to life. The room filled with the hum and squeaks of belts and machinery. There was the smell of hot glue.
China’s lust for durian is creating fortunes in Southeast Asia
RAUB, Malaysia — Before he started a company 15 years ago selling the world’s smelliest fruit, Eric Chan had a well-paying job writing code for satellites and robots. His family and friends were puzzled when he made the career change.
Supreme Court rules for Starbucks, limits power of judges to protect fired union organizers
WASHINGTON — The Supreme Court ruled for Starbucks on Thursday and limited the power of judges and the National Labor Relations Board to protect union organizers.
