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Here is how California Gov. Gavin Newsom plans to address a $12 billion budget shortfall

SACRAMENTO, Calif. (AP) — California would scale back state Medicaid coverage for immigrants without legal status, eliminate coverage for certain…

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Business

Honda’s $10 billion EV project is the latest victim of the industry’s slowdown

Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada’s most populous province, including a…

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Food & Drink

Danone brings Oikos into the $7 billion protein shake market

Danone is entering the $7 billion protein shake market for the first time as the CPG giant aims to bring…

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Business

Apple adds $180 billion to its market cap as Trump reveals he spoke to CEO Tim Cook after China tariffs rollback

Apple’s stock jumped 6% on Monday, adding roughly $180 billion to its market cap after the U.S. and China agreed…

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Business

Fintech Payoneer, once worth $3.3 billion, suspends earnings guidance and reportedly seeks a buyer

Nearly four years ago, Payoneer Global was valued at $3.3 billion after merging with a blank check company in 2021.…

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Business

Coinbase says $2.9 billion Deribit deal will increase profits even as income drops in Q1

Coinbase just pulled off the biggest acquisition of a crypto firm in industry history. On Thursday, the U.S.’s largest crypto…

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Business

Israel-based crypto trading platform eToro plans U.S. IPO that would value it at $4 billion

EToro, the Israel-based investment trading platform, has resumed its plan to go public in the U.S. after the company halted…

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Business

Federal Bureau of Prisons has a $3 billion repair backlog. Now it’s expected to reopen Alcatraz too

Eleven inmate deaths in less than two months. More than 4,000 staff vacancies. A $3 billion repair backlog. And now,…

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Business

Warren Buffett reveals Berkshire was ‘pretty close’ to a $10 billion deal not long ago but held off as cash continues to pile up

Berkshire Hathaway CEO Warren Buffett told shareholders at the conglomerate’s annual meeting on Saturday that he nearly pulled the trigger…

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Business

Warren Buffett grows cash pile to $347.7 billion while Berkshire Hathaway profits fall on wildfire losses

Warren Buffett’s company reported just over one-third of last year’s profit Saturday morning just as thousands of Berkshire Hathaway shareholders…

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