The Nevada Supreme Court will hear oral arguments on Wednesday over whether media and the public can have access to legal records involving the family trust of media titan Rupert Murdoch.

Six national media outlets — The New York Times, CNN, The Associated Press, National Public Radio, The Washington Post and Reuters — have been attempting ...Read more

Barbie girls could be living in a more expensive world.

Mattel Chief Executive Ynon Kreiz said the El Segundo-based toy maker behind Barbie and Hot Wheels is considering raising the prices of U.S. toys because of the 145% tariffs the Trump administration imposed on Chinese imports.

"We are taking mitigating actions designed to fully offset the...Read more

Calling tariffs on imported footwear an “emergency” for U.S. workers and consumers, Under Armour and its biggest shoe rivals are pleading to the Trump administration for an exemption.

The Baltimore-based athletic shoe brand has joined retailers and manufacturers such as Adidas America, Columbia Sportswear, Crocs, Nike and Puma in a trade ...Read more

Lion Electric opened its sprawling 900,000-square-foot plant near Joliet, Illinois, in 2023, touting the potential for 1,400 new jobs.

The Quebec-based electric school bus maker found eager customers in Illinois school districts, which wanted to take advantage of generous federal grants, reduce pollution and give kids a cleaner, quieter ride to...Read more

Europe should impose reciprocal measures on Boeing Co. if negotiations fail to lift recent U.S. tariffs hurting the aerospace industry, according to Airbus SE Chief Executive Officer Guillaume Faury.

“Europe is in negotiations, and if these negotiations do not lead to a positive outcome, I imagine that — and this is what we hope for — ...Read more

Reports of layoffs at various Las Vegas casinos have been popping up for several months now, raising questions about whether the gaming industry is nearing an end to the post-COVID economic boom.

Experts and executives say the staff adjustments are strategic, part of a long-term shift toward greater efficiency and profitability in a post-...Read more

United Wholesale Mortgage reported a first-quarter net loss of $247 million on total revenue of $613.5 million, down from a profit of $180.5 million during the same period last year. A $388 million reduction in the fair value of its mortgage servicing rights portfolio impacted the results, the Pontiac, Michigan-based lender said Tuesday.

The ...Read more

Automakers have warned of supply-chain disruptions, price increases and softened earnings throughout this year as more of President Donald Trump's automotive tariffs took effect.

Reporting a 64% decline in first-quarter net income from plant retooling and inventory destocking measures, Ford Motor Co. on Monday joined Chrysler parent Stellantis ...Read more

Mitsubishi Motors is still shipping cars from Japan to Baltimore, even as Trump administration tariffs take hold. But none of the cars are headed to customers — yet.

For now, the Japanese automaker is holding the vehicles it sends to the Port of Baltimore and three other U.S. ports — in Florida, California and Washington — at those ...Read more

Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead after crude prices plummeted.

The Texas company trimmed its own full-year production forecast Monday, and said in a letter Monday to investors that it ...Read more

WASHINGTON — President Donald Trump's tariffs on most goods from China, even if rates remain at a stratospheric 145%, will not fundamentally change the U.S. auto supply chain's dependence on the rival nation, industry experts say.

"I'm sure you could figure out how to make a relatively low-volume car, maybe a very simple car without China," ...Read more

California hit a new tourism record in 2024, Gov. Gavin Newsom announced Monday, but the high isn’t expected to last thanks to President Trump’s tariffs.

Tourism spending last year hit $157.3 billion, up 3% from 2023, and created 24,000 jobs, according to a 2024 economic impact report from Visit California, the state’s nonprofit marketing...Read more

ChatGPT maker OpenAI said Monday that its nonprofit will remain in control over its for-profit business, as the startup moves forward with plans to change its organizational structure.

The move comes after a coalition of California nonprofits, foundations and labor groups called on the state's attorney general to investigate OpenAI's decision ...Read more

LOS ANGELES — Scott Bessent walked on stage at the largest gathering in months of Wall Street’s champions of global trade, aiming to explain why President Donald Trump is putting up hurdles to global trade.

Fingertips steepled, his eyes panning, the Treasury secretary told a quiet crowd that tariffs, tax cuts and deregulation are “...Read more

General Motors Co. on Monday named Duncan Aldred the new president of the automaker's North America operations amid tensions between President Donald Trump, Canada and Mexico over tariffs.

In a statement, GM President of Markets Rory Harvey said Aldred's promotion is aimed at bolstering the automaker's global internal combustion engine and ...Read more

Ford Motor Co.'s net income fell roughly 64% year-over-year in the first three months of the year to $471 million, and the Dearborn automaker suspended its annual guidance because of tariff-related uncertainty.

The company had forecasted a flat first quarter because of production downtime at its Kentucky Truck Plant for retooling to accommodate...Read more

Rivian, which is gearing up to launch its new midsize R2 electric SUV, is building a $120 million supplier park near its Normal, Illinois, plant to facilitate increased production.

The announcement Monday will add a 1.2 million-square-foot supplier park and about 100 jobs to the expanding production operation of the California-based EV ...Read more

In a win for Abbott Laboratories, a federal judge in Chicago sided with the company Friday in the case of a woman who alleged that Abbott’s formula for preterm infants led to her daughter’s death.

The case had been scheduled to go to trial this week, and was supposed to be the first to be heard in federal court in Chicago over the issue of ...Read more

Rite Aid has filed for bankruptcy for the second time in less than two years, and the Philadelphia-based pharmacy chain intends to close or sell all of its remaining stores.

Rite Aid will “continue to engage in a marketing and sales process to identify the highest or otherwise best offer for all, substantially all, or a portion of the Rite ...Read more