Business

OpenAI CEO Sam Altman is looking to build, fund or buy a rocket company to possibly compete in the space race against longtime rival Elon Musk, according to reports.The Wall Street Journal reported Thursday that Altman has been exploring buying or partnering with an existing rocket launch provider with funding.The report suggested Altman's goal is supporting space-based data centers to power the next generation of artificial intelligence systems.WHAT AI'S INSATIABLE […]

American Eagle stock jumped on Wednesday after the retailer boosted its sales forecast as the apparel company continued to see traffic increase following its viral Sydney Sweeney jeans campaign.The company's stock is up 136% over the past six months, with a roughly 50% gain in the last month and 19% rise in the last five days. That run was spurred by the release of American Eagle's "Great Jeans" ad in July […]

Farmers Insurance eliminated the cap on the number of homeowners insurance policies it offers in California, marking a significant step for a state that has been working to stabilize and rebuild its private insurance market for years. The insurance company announced last week that it removed its previous cap of 9,500 new policies per month due to expectations that there will be an improved homeowners insurance market in the state under […]

Tourists looking to stay overnight at hotels on the Grand Canyon's South Rim are out of luck, as authorities say a "series of significant breaks" in a 12.5 mile-long water pipe forced hotels to close.The National Park Service said the closures will begin on Dec. 6 and noted that there is no water being pumped into the South Rim because of the breaks in the Transcanyon Waterline, which supplies water […]

The CEO of Ford Motor Co. is revved up for the Trump administration's plan to make automobiles affordable, as he expressed his praise for helping to bring car prices back down."What you should know is that this is a victory for affordability and common sense. As the president said, we will be able to offer more affordability on our popular models, and we'll be able to launch new vehicles built […]

Small businesses lost over 100,000 jobs in November amid economic uncertainty, the latest ADP private sector payrolls report showed.ADP's November employment report revealed that private sector firms cut 32,000 jobs in November overall. The decline was led by small businesses, which lost 120,000 jobs in November, while medium businesses (defined as between 50 and 499 employees) added 51,000 jobs and large establishments added 39,000 jobs to offset some of the monthly […]

Los Angeles' famous Stahl House has hit the market for the first time, carrying an eye-watering price tag of $25 million.The 2,200-square-foot home — also known as Case Study House No. 22 — is an iconic symbol of mid-century modern architecture. It has remained in the Stahl family since 1959, when Buck and Carlotta Stahl commissioned architect Pierre Koenig to build it on a hillside lot in Hollywood Hills, according […]

Ritz Peanut Butter Cracker Sandwiches were recalled in eight U.S. states after a labeling mix-up that could trigger severe allergic reactions in people with peanut allergies.The Food and Drug Administration (FDA) said the 70 affected cases were shipped to retailers in New York, New Jersey, Pennsylvania, Georgia, Arkansas, Missouri, Oklahoma and Alabama.The move follows a similar recall in July, though the FDA said this latest action is not an expansion […]

Palantir CEO Alex Karp on Wednesday argued that Americans have lost trust in major institutions because powerful executives routinely avoid consequences for their failures, saying "poor people" are "the only people who pay the price for being wrong in this culture."Speaking at The New York Times' annual DealBook Summit during a discussion about whether the federal government should take equity stakes in strategically important companies, Karp accused major corporations of […]