National business

When Gov. Gavin Newsom of California signed a new state law in October mandating landlords supply tenants with a working stove and refrigerator starting on Jan. 1, 2026, it marked the end of a bizarre rite of passage for many moving to Los Angeles.

Taxpayers who bought a new car in 2025 may qualify for a new tax break in the upcoming filing season – so long as that vehicle was made in the U.S., the Internal Revenue Service said.

LOS ANGELES – Let’s start with the good:

Economists say lower‑ and middle‑income buyers are being squeezed out of the new‑car market. But at the top end, demand remains strong. Luxury dealers like Nelson Andrews in Brentwood, Tennessee, say their customers are still spending — a sign of the widening divide over who can afford record‑high vehicle prices.

Berkshire Hathaway shares closed slightly lower on Warren Buffett's final day as chief executive, with the legendary investor set to hand the reins to Greg Abel on Thursday.

Boeing will design and produce 25 new fighter jets for the Israeli Air Force under a new contract with the U.S. Department of Defense, reigniting concern about the aerospace manufacturer’s connection to the ongoing violence in Gaza.

NEW YORK – Drugmakers plan to raise U.S. prices on at least 350 branded medications including vaccines against COVID-19, RSV and shingles and blockbuster cancer treatment Ibrance, even as the Trump administration pressures them for cuts, according to data provided exclusively by health care research firm 3 Axis Advisors.

Inside Groupon’s 2-year-old headquarters on the 25th floor of the Leo Burnett Building in downtown Chicago, a giant cat in a spaceship with flashing lights greets visitors in an otherwise staid office tower.

Last December, Alaska Air Group executive Ryan St. John said the SeaTac-headquartered airline had reached an “inflection point” in its 90-plus-year history. Alaska had recently completed its $1.9 billion acquisition of Hawaiian Airlines, the second time the company had bought another mainline air carrier in less than a decade.

Don't ring in the new year until you have milked 2025 for every tax savings you can. Yes, there are still savings to be had but you have less than 48 hours to grab them.

Warner Bros Discovery will likely reject Paramount Skydance’s amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant’s offer, according to a person familiar with the matter.

While tariffs and shaky consumer confidence continue to create headwinds for corporate America, they’re set to lift earnings growth for US materials stocks to the highest in five years.

Tesla deliveries were expected to fall in the fourth quarter, as the loss of U.S. tax credits and rising global competition sapped demand even as the company rolled out cheaper versions of its best-selling electric vehicles.

Meta said on Monday it would acquire Chinese-founded artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.

Anyone, in theory, can attain the American dream. But at what price? It now costs $5 million over a lifetime to fund eight key components of the American dream, including homeownership and raising children, according to a recent analysis from Investopedia. 

Wall Street's main indexes kicked off the final week of the year on a softer note on Monday, as heavyweight technology stocks retreated from last week's gains that had pushed the S&P 500 to record highs.

A see-saw year for the U.S. economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve.