Billionaire businessman Tilman Fertitta is expanding his hospitality empire by taking over a U.S. casino giant.

Fertitta Entertainment Inc. is acquiring Caesars Entertainment Inc. in an all-cash deal announced Thursday valued at $17.6 billion, which includes roughly $5.7 billion in equity value and an assumption of nearly $11.9 billion of ...Read more

Wall Street traders sent stocks to all-time highs, bonds rose while a rally in oil waned amid speculation about a diplomatic breakthrough in the three-month war that has rattled markets around the world.

Equities rebounded on news reports the US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on ...Read more

Wall Street executives were repeatedly stunned by the cryptocurrency industry’s newfound political dominance in the wake of the 2024 elections.

Now, they’re ramping up their own spending with a strategy resembling the crypto sector’s tactics.

Late last year, the Financial Services Forum, an advocacy organization representing the eight ...Read more

European Commission officials are planning to meet with Anthropic PBC to seek more information on the company’s Mythos model and request making the groundbreaking artificial intelligence tool available to the bloc, according to people familiar with the matter.

Officials from the commission were set to visit San Francisco on Thursday for ...Read more

SPRINGFIELD, Illinois — Illinois lawmakers on Wednesday advanced two long-debated measures to prevent insurance companies from raising auto and homeowners’ insurance rates without more stringent state oversight, and Gov. JB Pritzker said he intends to sign both into law.

The legislation represents some of the latest efforts by Democrats who...Read more

Best Buy’s incoming chief executive said stronger-than-expected financial results are adding momentum as the company seeks to redefine its role in a rapidly evolving retail market.

Beyond its core business as a consumer electronics store, the Richfield, Minnesota-based company wants to expand into a broader mix of services, including its ...Read more

Groupon, the Chicago-based online marketplace, is slashing up to 400 positions — nearly a fourth of its worldwide workforce — in a plan to rebuild as an AI-native company.

Citing projected annualized savings of about $25 million, the company expects to eliminate the majority of the 400 positions by the end of the third quarter, according to...Read more

Even as authorities lifted all evacuation orders related to last weekend's Orange County chemical leak scare, the company behind the incident faces lawsuits and supply disruptions that could affect its operations and the aerospace industry.

The Garden Grove, California, facility of GKN Aerospace was ground zero for the evacuation when a ...Read more

The cleanup of one of the most notorious collections of graffiti in the country has been postponed again as the proposed buyer of the stalled Oceanwide Plaza development in downtown Los Angeles struggles to reach terms with city officials who must sign off on the $470 million sale.

Wiping clean the empty high-rise towers besmirching the city ...Read more

Caesars Entertainment announced Thursday that the company has entered into an agreement to be acquired by Fertitta Entertainment.

In a news release, Caesars said the all-cash transaction is valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’ outstanding debt.

Under the terms of the ...Read more

For the third year in a row, Washington insurance companies requested a double-digit rate increase for their individual health plans, reviving worries that the cost of coverage is becoming untenable.

Health insurers are asking the state insurance commissioner to approve an average rate increase of 22.4% for individual plans in 2027. Rates are ...Read more

Amazon tells its customers they can save by signing up for regular, automatic purchases of certain products. But a new lawsuit alleges Amazon’s Subscribe & Save program is more like Subscribe & Switch.

In a lawsuit filed May 15 in the federal court for the Western District of Washington, Pennsylvania residents Aaron and Leah Herman claim the ...Read more

Battered by years of mass layoffs, California tech workers were hoping the job market would rebound this year. But things are getting worse.

Now, many are redrawing their career paths.

Artificial intelligence has triggered fierce competition for top talent and is also fueling tens of thousands of layoffs this year. The class divide is widening...Read more

As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.

A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an above-average pace. In April, they rose by the most in nearly four years, and economists say the impact of ...Read more

Boeing has hit another regulatory milestone in its effort to increase Max production, paving the way to build 47 planes per month this summer, CEO Kelly Ortberg said Wednesday.

Boeing recently completed its “capstone review” with the Federal Aviation Administration for the next rate increase, Ortberg said, and will now work to stabilize its...Read more

Ferrari’s first-ever fully electric vehicle triggered some fans who said it looks more like an iPhone than an Italian supercar.

The $640,000 Ferrari Luce, which was unveiled on Wednesday, looks like a distant relative of many Apple products. It was built with the help of Jony Ive, the person who designed the look and feel of the Cupertino ...Read more

I can remember testing my first robot vacuum. It was amazing to watch, and I really thought we were living in the future.

I soon learned it didn’t have much in the way of onboard intelligence and it just ping ponged around the room until it decided it must have covered everything or it needed a battery recharge.

My, how times have changed.

...Read more

Pharmaceutical giant Eli Lilly plans to buy a biotechnology company in Bothell for $1.5 billion.

The acquisition of Curevo Vaccine, which develops vaccines for shingles and chickenpox, was announced Tuesday. Curevo and Lilly didn't immediately respond to requests for comment.

It's one of three agreements made public by Indianapolis-...Read more

Customers of the doughnut brand Krispy Kreme may be eligible for a $3,500 payout following a 2024 cyberattack that exposed Social Security numbers and bank account details.

After the data breach, Krispy Kreme paid $1.6 million to settle a class-action lawsuit alleging the company failed to protect customers' data. Customers who experienced ...Read more