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Janet Yang, the president of the academy, and Bill Kramer, its chief executive, want to make the Oscars feel more approachable to more viewers.

With Its Future at Stake, the Academy Tries to Fix the Oscars (Again)

The awards telecast has been losing viewers for years. New leadership wants to reverse that starting Sunday, and ensure the financial well-being of the organization.

By Brooks Barnes

Pandemic seclusion led Rupert Murdoch to conduct business through emails more than he usually did.

How Murdoch Runs Fox News, in His Own (Often Terse) Words

Court filings give a peek into how Rupert Murdoch shapes coverage at his news organizations.

By Jeremy W. Peters

The Fed’s Struggle With Inflation Has the Markets on Edge

The central bank’s success or failure will affect your wallet and, maybe, the next election, our columnist says.

By Jeff Sommer

The Chatbots Are Here, and the Internet Industry Is in a Tizzy

The new technology could upend many online businesses. But for companies that figure out how to work with it, A.I. could be a boon.

By Tripp Mickle , Cade Metz and Nico Grant

President Biden is set to meet with Ursula von der Leyen, the president of the European Commission, on Friday to discuss the American and European trade deal.

U.S. and Europe Angle for New Deal to Resolve Climate Spat

American and European officials are trying to reach agreement on the outlines of a limited trade deal that could help resolve a major rift over America’s new climate legislation.

By Ana Swanson and Alan Rappeport

Tucker Carlson with Marjorie Taylor Greene and former President Donald J. Trump last summer. “I hate him passionately,” the Fox host texted in January 2021, referring to Mr. Trump.

Records Show Fox and G.O.P.’s Shared Quandary: Trump

Fox hosts and executives privately mocked the former president’s election fraud claims, even as the network amplified them in a frantic effort to appease viewers.

By Nicholas Confessore and Jim Rutenberg

The Perils of Working on a C.E.O.’s Pet Project

Big tech companies have long been willing to fund efforts with no obvious payoff. But those groups have been hit hard in recent layoffs.

By Karen Weise , Nico Grant and Mike Isaac

Jerome H. Powell, the chair of the Federal Reserve, said that while no decision had been made the Fed could quicken its pace of rate increases in March if economic data continued to come in strong.

Here’s What the Fed Chair Said This Week, and Why It Matters

Jerome H. Powell, the Fed chair, opened the door to a more aggressive policy path — but emphasized that it depended on incoming data.

By Jeanna Smialek

James E. Staley worked for JPMorgan Chase from 1979 to 2013.

JPMorgan Sues Ex-Executive Accused of Helping Jeffrey Epstein

The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking.

By Matthew Goldstein

Former Goldman Banker Gets 10 Years in Prison for His Role in 1MDB Scandal

Roger Ng, who was convicted of bribery and money-laundering charges last year, was sentenced to a 10-year prison term.

By Matthew Goldstein

Lachlan Murdoch Defends Fox News’s Chief Executive Amid Defamation Suit

“Suzanne Scott has done a tremendous job,” Mr. Murdoch said in his first public remarks since damaging revelations about the inner workings of the news network.

By Michael M. Grynbaum

Eugene Kohn, Architect of Skyscraping Reach, Dies at 92

His firm, Kohn Pedersen Fox, became an international force, merging the commercial with the creative in designing some of the world’s tallest buildings.

By Paul Goldberger

Senate Confirms Daniel Werfel as I.R.S. Commissioner

The new commissioner of the Internal Revenue Service will oversee the agency’s $80 billion overhaul.

By Alan Rappeport

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich

By Jim Tankersley

Politico’s Executive Editor Steps Down After a Year in the Job

Dafna Linzer is leaving after disagreeing on strategy with the publication’s top editor.

By Katie Robertson

Norfolk Southern C.E.O. Says He Is ‘Deeply Sorry’ for Ohio Train Derailment

The railroad chief executive testified that he was “determined to make this right” but did not endorse bipartisan legislation proposed by senators or commit to paying for long-term damage.

By Stephanie Lai, Mark Walker and Peter Eavis

3 Arrested in Japan Over a Viral Stunt Branded ‘Sushi Terrorism’

A young man licked a soy sauce bottle in a restaurant, in one of several cases that have provoked a national wave of revulsion.

By Ben Dooley and Hisako Ueno

DealBook Newsletter

Why jpmorgan is turning on an ex-star.

The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.

By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

Encountering Another Jamaica

A writer explores the island beyond its popular all-inclusive resorts, seeking out guesthouses owned by locals, and experiences beyond the beaches. She finds mountain views, cascading waterfalls and a sense of place.

By Charlie Brinkhurst-Cuff

California suspends $54M Walgreens contract over abortion pills policy

Senate confirms biden irs nominee as agency announces upgrades, adidas losses mount as company eyes options for ditching yeezy shoes, walgreens drew a line on abortion pill access and is paying a price, calculate how much more mortgages will cost as interest rates rise, states are ‘irresponsible’ in loosening child work rules, labor dept. says, workers don’t have to hush for severance anymore. here’s why it matters., work advice: staffer fired without explanation over behavior with female clients, seven red flags that your tax preparer is a fraud, work advice: if you’re laid off, don’t leave your fsa funds behind, four reasons a credit-card balance transfer may be a bad idea, michelle singletary’s money milestones for every age, don’t let paying for a funeral add to your grief, beware of these pitfalls when planning your own funeral, 401(k) balances are up, but the number of millionaires is down, house republicans defend musk from ftc’s ‘harassment campaign’, young kids are bringing tiktok memes to the playground, catholic group spent millions on app data that tracked gay priests, personal details of u.s. house members exposed in health data breach, tiktok’s trendy beauty filter ushers in new tech and new problems, paycheck primer: what is fica, and why is it taking my money, down on 2023 we get it. but here are some things that might improve., 7 bad money habits to ditch in 2023, expect smaller refunds and continued phone delays this tax season, the mystery of the disappearing vacation day, the collegiest college town in every state, and more, fear the deer: crash data illuminates america’s deadliest animal, the states where you’re most (and least) likely to marry a local, the remote revolution could lead to offshoring armageddon, where fun facts are serious business, how to organize your books, according to people with thousands of them, when cats can lock doors and raid food, pet-proofing gets extreme, how to salvage rusted patio furniture, 9 tasks for your march home-maintenance checklist, how to build a gallery wall on a budget, can money buy happiness scientists say it can., this bill could make the four-day workweek a reality, single women take an outsize role in the workforce — and the economy, fed may need more aggressive interest rate hikes, powell says, before abortion pills, walgreens customers said they were denied birth control, 10 things to know before filing taxes in 2023, silicon valley bank’s swoon should really scare us, move over stablecoin. a new token is coming, central bankers must move beyond ‘we don’t know’ on rates, how quirky german debt is winning followers abroad, weightwatchers doesn’t want to get netflixed by ozempic, how far can biden go in expanding child care, a little inflation is good for the conservative cause.

International

Meme stocks mania ebbs

A man talks by his phone in front of GameStop at 6th Avenue on February 25, 2021 in New York.

Shares of companies like GameStop and AMC are down sharply

Taiwan semiconductor ups its arizona investment to $40 billion ahead of biden's visit, microsoft could soon have its first union, the last time the us faced a debt fight this bad it lost its aaa rating, us trade deficit edged up to $78.2 billion in october, the world will gain enough renewable energy in 5 years to power china: iea, shein tells suppliers to end long factory days by end of the month, buzzfeed slashes 12% of its workforce, citing 'worsening macroeconomic conditions', walmart ceo: inflation on toys, clothing and sports equipment is easing, mcdonald's franchisee violated child labor laws, investigation finds, airlines will be making money again in 2023 as travel recovers, philadelphia is taking the 'cheese' out of cream cheese, that tiktok voice is actually a person. this is her story, content by the ascent it's official: now avoid credit card interest into 2024.

SAN FRANCISCO, CALIFORNIA - MARCH 14, 2022: Discussion of of Apple AirTags by Washington Post reporter Geoff Fowler in San Francisco, California Monday March 14, 2022. (Melina Mara/The Washington Post via Getty Images)

Apple sued by two women alleging their exes used AirTags to stalk them

An employee works in the wheel arch of an Audi Q4 e-tron electric vehicle (EV) on the assembly line at the Volkswagen AG (VW) electric automobile plant in Zwickau, Germany, on Tuesday, April 26, 2022. The Zwickau assembly lines are the centerpiece of a plan by VW, the world's biggest automaker, to manufacture as many as 330,000 cars annually. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

'Not how you treat friends.' Biden's climate plan strains ties with Europe

Ifeoma Ozoma, a former employee of Pinterest, Facebook and Google, at her home in Santa Fe, N.M., on March 21, 2021. Since last year, Ozoma has emerged as a central figure among tech whistle-blowers.

Risk Takers This former tech worker is helping change laws for people who get laid off

Food and beverages.

Why 2022 is the year of the espresso martini

Pepsi wants you to drink soda mixed with milk, how jell-o lost its spot as america's favorite dessert, chocolate is having a moment, coke products might look a little different next year, across the pond.

Shoppers pass a closed down retail shop space on Oxford Street as it is announced that the cost of living is increasing more sharply than wages and while the inflation rate now stands at it's highest for 40 years at over 11% on 15th November 2022 in London, United Kingdom. Things have been difficult for small businesses over the past two years and now especially with the ongoing cost of living crisis and the increasing financial pressures on the cost of goods. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the majority of which are fashion and high street clothing stores. (photo by Mike Kemp/In Pictures via Getty Images)

UK recession could turn into a 'lost decade'

The us-china chip war is spilling over to europe, london's rental market has become a 'nightmare', uk to raise $65 billion from tax on energy companies, britain is bringing back austerity. here's why, what to watch .

A deepfaked Mark Zuckerberg thank Congress for tech legislation inaction

Watch 'The Monopoly Man' transform into deepfaked Mark Zuckerberg

A traveler walks along a moving walkway between terminals at Logan International Airport in Boston, the day before Thanksgiving, Wednesday, Nov. 23, 2022. (AP Photo/Steven Senne)

Trivago CEO: Travel costs are up. Here's how vacationers are reacting

Richard Branson on the risk of starting a new airline in the '70s

Bank of America CEO predicts 'mild recession' next year

Watch 'The View' hosts scramble to turn off phone's ring tone live on air

December's top banking offers, in case you missed it , paid partner content .

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Which Low Interest Credit Card is Right for You?

10 spectacular cards for those with excellent credit, how cash back credit cards can help with inflation, 6 best balance transfer credit cards of 2022, best of cnn underscored money, do you have one of the 10 best credit cards of 2022, these credit cards are currently offering the best sign-up bonuses, pay no interest on your debt until 2024 with a balance transfer credit card, does it still make sense to put down 20% when buying a home, cnn underscored money reviews, the best cash back credit card: citi double cash, 6 reasons to get the chase sapphire preferred credit card, earn up to $2,000 in bonuses with this citi checking account, how to make the american express gold card practically pay for itself, travel better with cnn underscored, get vip perks with the best travel credit cards, how to access some of the world's best airport lounges, why chase sapphire preferred is our favorite travel credit card for beginners, these are our favorite airline credit cards of 2022.

Business News

American Airlines Promises Raises for Pilots, Matching Delta

American Airlines is promising significant pay raises to pilots to match a recent deal at rival Delta Air Lines

Associated Press March 9, 2023

Georgia Employers Add to Payrolls as Jobless Rate Stays Low

Georgia employers are still adding workers to their payrolls

Corporate Borrowers Squeezed by Rising Rates

Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due

SC House OKs $1.3 Billion for New Electric SUV Plant

The South Carolina House has approved a $1.3 billion package to help attract a new electric vehicle plant backed by the Volkswagen Group to a site near Columbia

Ex-GOP Ohio Speaker, Lobbyist Guilty in $60M Bribery Scheme

Ex-Ohio House Speaker Larry Householder and former state Republican chair Matt Borges have been convicted in a $60 million bribery scheme that federal prosecutors have called the largest corruption case in state history

Visa, Mastercard Pause Decision to Track Gun Shop Purchases

Visa and Mastercard paused their decision to start categorizing purchases at gun shops, a significant win for conservative groups and Second Amendment advocates who felt that tracking gun shop purchases would inadvertently discriminate against legal firearms purchases

Ex-Goldman Banker Gets 10-Year Sentence in 1MDB Looting Plot

A former Goldman Sachs banker has been sentenced to 10 years in prison for his role in looting a Malaysian development fund

Dealers With Cancer Beg for Atlantic City Casino Smoking Ban

Several Atlantic City casino dealers with cancer, and others who fear they may develop it, are asking New Jersey lawmakers to ban smoking in the state's casinos

IRS Nominee Daniel Werfel Confirmed by Senate Vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

US Applies Sanctions Over Iran Shadow Banking, Drone Network

The United States has slapped more sanctions on people and firms associated with Iran and with what it calls an illicit banking network used to conceal transactions

Latest Content

Latest: advice, tips and resources.

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Azuga's sleek interface, flexible contract structure and solid support make it a good option for small businesses looking to try a fleet management system.

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Asset tracking is essential for businesses that must know the physical location of crucial business assets. Learn about asset-tracking solutions.

Learn how both predictive and prescriptive analytics are essential data strategies for running your small business.

Learn about the best GPS fleet management services on the market to find the right one for your business.

In this guide to choosing the right GPS fleet management solution for your business, we explain key features and important considerations.

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Learn how businesses are using location-based data via GPS, Wi-Fi, QR codes and RFID to gather user data, boost engagement, and save time and money.

The DOT log book is a federal document used to track when a driver is on and off duty. Learn how to use electronic logging devices with driver logs.

ClearPathGPS is our choice for the best GPS fleet management service for value because it offers transparent pricing with essential fleet management tools. It is ideal for field service businesses...

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This guide explains how business owners with company vehicles can monitor their drivers' braking and acceleration across their entire fleet.

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Driver scorecards keep your fleet safe, fuel efficient and high performing while reducing wear and tear, accident expenses, and other costs.

This guide describes the best practices for ensuring fleet health and complying with safety regulations at both the state and federal level.

Billionaire Kwek Leng Beng’s CDL Buys London’s Iconic St. Katharine Docks For $468 Million

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Former Goldman Sachs banker Roger Ng arrives at US Federal Court in New York.

Ex-Goldman Sachs boss sentenced for 1MDB corruption

The bank's ex-Malaysia head was found guilty last year in one of the world's biggest financial scandals.

Why do Chinese billionaires keep vanishing?

The mystery over the latest missing business leader comes as Xi Jinping tightens his grip on China.

A female engineer inspects a wafer chip.

Netherlands to restrict some chip technology exports

The measures will affect Dutch firm ASML, which is a key part of the global microchip supply chain.

Pay of former Shell boss jumps to £9.7m

Ben van Beurden's pay package rose by a third in 2022 after the firm made record profits.

Then-Barclays CEO Jes Staley arrives at 10 Downing Street in London,11 January 2018.

JP Morgan sues former executive over Epstein ties

The Wall Street giant says Jes Staley failed to disclose potentially damaging ties to the sex offender.

BMW set to make more electric Minis in Oxford

The firm is set to invest up to £600m to prepare the plant for a future building electric models.

Kanye West at Milk Studios on June 28, 2016 in Hollywood, California. adidas and Kanye West announce the future of their partnership: adidas + KANYE WEST

Adidas Kanye West's Yeezy shoes 'collectors' items'

A US shoe chain says sales are up 30% since the sportswear giant dropped Mr West over anti-Semitic comments.

Featured Contents

HS2 construction delayed by two years to cut costs

UK microchip firms call for millions in investment

ussian President Vladimir Putin (L) gives an order to businessman and cellist Sergei Roldugin (R) during the state awarding ceremony at the Kremlin in Moscow, Russia, on September 22, 2016

Bankers in Swiss trial for helping 'Putin's wallet'

Musk apologises to Twitter worker over online row

Heathrow told to cut passenger charges again

Features & analysis.

'We cut our website's carbon emissions by 520kg in a year'

The mushrooms you can wear and build with

Women travel on a scooter in Thiruvananthapuram (Trivandrum), Kerala, India, on March 3, 2019.

Why half of India's urban women stay at home

Sakes at bar and restaurant Ototo in Los Angeles

Sake brewers toast big rise in global sales

No sausage mishmash? Food firms welcome NI Brexit trade deal

Watch/listen.

How drones could be the future of Indian farming

My work day: 4am start, 7k run and cold showers

'I want to be prepared for any eventuality'

Meet the designers with learning disabilities

Inflation: Key answers in 90 seconds

Special reports.

Technology of Business

CEO Secrets

Steel ready for export at a port in China

Global Trade

New Tech Economy

Global Cost of Living

Latest updates, extended life for two uk nuclear power stations.

By Theo Leggett

Business correspondent, BBC News

Heysham 1 and Hartlepool had been due to close in March next year, but will now stay open until early 2026.

By Simon Jack

Business editor

Transport secretary Mark Harper blamed soaring prices and says it was "committed" to the high speed rail link.

Chicken factory confirms closure at end of March

2 Sisters produces a third of all poultry products consumed in the UK

Food giant 2 Sisters says a viable alternative use of the plant has not been found.

Struggling parents to get more help with childcare

Young children playing in a library with their parents

By Faisal Islam

Economics editor

The government is attempting to boost the number of people in work, a key economic challenge for the UK.

Food fraud probe into beef falsely labelled British

By Dearbail Jordan & Emma Simpson

A supplier is under investigation after pre-packed meat was found to be from South America and Europe.

By Tom Espiner

Business reporter, BBC News

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Business reporters

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What do I do if I can't afford to pay my debts?

By Kevin Peachey

Cost of living correspondent

What help and options are available to people struggling with debt repayments?

By Michael Race

The regulator has told the airport it needs to lower charges due to passenger numbers recovering.

By James Clayton

North America technology reporter

The firm's boss says sorry to fired employee Halli Thorleifsson and appears to offer him his job back.

Deadline extended for state pension top-ups

Personal finance correspondent, BBC News

People now have until the end of July to plug gaps in their National Insurance record from 2006 to 2016.

Let people remove prepayment meters, charity says

By Colletta Smith & Dearbail Jordan

Age UK says people on the meters pay more for their energy than those who are on direct debits.

Foxtons says renters have to move out of London

The boss of London's biggest estate agency says a lack of available properties is driving people further out.

Greggs to open 150 shops and extend opening hours

The move comes after the bakery chain posted bumper sales for last year, but also put up prices.

Airlines hold millions of unclaimed travel vouchers

By Karen Hoggan

Woman waiting at airport (stock picture)

BA owner IAG and EasyJet issued the vouchers instead of cash when flights were cancelled in the pandemic.

Australia crop exports set for record after rains

A wheat field ahead of annual harvest near Moree, Australia.

Officials expect exports of crops including wheat to hit a record $75bn this financial year.

Business group boss steps aside after misconduct claims

Tony Danker said he was "mortified" to hear that he had caused "offence or anxiety to any colleague".

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Small Business

The Fed's increasing rate hikes put Main Street 'dangerously close' to edge of lending cliff

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The Fed just raised interest rates again. Here’s what it means for Main Street

Business and finance news from Guardian US

JP Morgan sues ex-Barclays boss Jes Staley over ties to Jeffrey Epstein

Ex-Goldman banker given 10 years in prison for role in 1MDB fraud scandal

Crypto bank Silvergate announces liquidation amid sector turmoil

March of the unicorns: Israel’s tech sector rebels against Netanyahu ‘power grab’

Rise in Twitter outages since Musk takeover hints at more systemic problems

Investigation launched into complaints of Tesla steering wheels coming off mid-drive

More than 170tn plastic particles afloat in oceans, say scientists

Darktrace warns of rise in AI-enhanced scams since ChatGPT release

Scabby the Rat is an American labor icon. Why are his manufacturers disowning him?

Is hydrogen really a clean enough fuel to tackle the climate crisis?

Global craze for collagen linked to Brazilian deforestation

Rest, recovery and larb tofu: a startup to remedy our postpartum care problem

Around the world.

Four bankers in Switzerland accused of helping to hide Putin’s millions

China to set up new financial watchdog as part of reforms

Spain approves draft law for gender quotas in business and politics

Antigua and Barbuda to auction off $81m yacht ‘owned by Russian oligarch’

Millennial finance Financial bullying can ruin a marriage: first-person stories

Income inequality US experts warn AI likely to kill off jobs – and widen wealth inequality

Race and money How building Black is the next step in the buying Black movement

Social impact How can companies cut the UK's class pay gap?

Diversity 'Nice skirt, it would look better on my bedroom floor' – your sexual harassment stories

Deloitte CEO in thinly veiled criticism of EY after rival’s split plans thrown into chaos

From near-shoring to friend-shoring: the changing face of globalisation, shell chief’s pay package rose by more than 50% to nearly £10m in 2022, crypto bank silvergate collapses; hs2 delayed; us jobless claims jump – as it happened, volkswagen warns eu that us is beating it in race to attract battery makers, shell’s van beurden gets lucky. harbour energy doesn’t, uk house prices could be stabilising despite falls, say surveyors, north sea’s biggest energy producer claims uk windfall tax ‘wiped out’ surge in profit.

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Business News

From Tesla to Amazon and more, don't miss a beat when it comes to the business world. Keep up with all of the latest in business news here.

'He Was Going to Kill All the Men On the Plane': Horrifying Details Emerge From Passenger Aboard Flight Where Man Tried to Stab Flight Crew

Emily Rella

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Adidas Profit Drops 83% After It Stopped Working With Yeezy, Withdrawal From Russia

3 Hospitalized in Freight Train Accident, Fire in 'Remote' Area

She Was Google's 16th Employee and YouTube's CEO for 25 Years. Now, She Is Getting Her Own Barbie Doll and So Are Her Sisters.

'Florida Likes Business': JPMorgan Chase CEO Jamie Dimon Says the Company Is Expanding in Florida and Texas

'Fake Work' Was 'Exposed' By Layoffs At Google And Meta, Says Former PayPal Executive

Partners Are Your Brand Ambassadors — That's Why You Need to Give Them Training

Graham Glass

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More posts on business news, she was google's 16th employee and youtube's ceo for 25 years. now, she is getting her own barbie doll and so are her sisters..

Susan Wojcicki is one of the seven women, including her sisters Anne and Janet, to be honored with their own Barbie dolls for International Women's Day.

Sam Silverman

'Florida Likes Business': JPMorgan Chase CEO Jamie Dimon Says the Company Is Expanding in Florida and Texas

A spate of Wall Street firms moved to Florida since the beginning of the pandemic.

Entrepreneur Staff

'Fake Work' Was 'Exposed' By Layoffs At Google And Meta, Says Former PayPal Executive

Keith Rabois, an early PayPal executive, said that large tech companies needed to shed some workers.

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WWE Wants to Make Betting on Scripted Matches Legal

The wrestling mega-brand is hoping to take bets on bodyslams in the near future.

As Tech Hiring Slows, This Industry is the Fastest-Growing Employer in the U.S.

Hospitality has rebounded from pandemic lows and outpaced other industries for hiring in the first half of 2022 and has now become the leading employer in the U.S. as of January 2023.

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Australia will purchase U.S.-manufactured, nuclear-powered attack submarines to modernize its fleet

Applications for US jobless aid rise by most in 5 months

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BLOG: Former California chief justice makes a visit to the Valley

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California sues Huntington Beach over affordable housing

HUNTINGTON BEACH, Calif. (AP) — California on Thursday sued one of its picturesque coastal cities and accused it of refusing to build more affordable housing, an issue Democratic Gov. Gavin Newsom called the “original sin” of the state’s housing shortage.

Attorney General Rob Bonta sued Huntington Beach, a city of about 200,000 people along the Southern California coast where the median home sales price is $1.1 million — or more than $300,000 higher than the state average.

Bonta is asking a judge to order Huntington Beach City Council to comply with state housing laws and to punish councilmembers by making them pay a fine.

Bonta said the council has blocked new duplexes in some single-family home neighborhoods, despite a state law requiring them to do it. He also said the council has not allowed new “accessory dwelling units” — small apartments built on a property commonly known as “granny flats.”

Both approaches are a key part of state lawmakers’ strategy to address the state’s housing shortage, which has sent rents and home values soaring while increasing the number of people on the streets. California is home to nearly a third of the nation’s homeless population, according to federal data.

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State housing officials say California needs an additional 2.5 million homes by 2030 in order to keep up with demand. But the state builds about 125,000 houses each year, which would leave California well short of that goal.

“This is the colossal challenge that California is confronting,” Bonta said. “The message we’re sending to the city of Huntington Beach is simple: Act in good faith, follow the law and do your part to increase the housing supply. If you don’t, our office will hold you accountable.”

A Huntington Beach representative did not immediately reply to a request for comment. The city posted a message to its Twitter account on Thursday saying it is still accepting applications for accessory dwelling units. City officials have scheduled their own news conference for later Thursday.

Huntington Beach is a seaside city dubbed “Surf City USA” that’s largely known for its scenic beaches and throngs of surfers bobbing in the waves by the pier.

Much of the city has a largely suburban feel with residential neighborhoods of single-family homes flanked by busy main roads linked with strip malls and office buildings.

Last year, four new councilmembers won election with a politically conservative bent. Since taking office, the four-member council majority has taken on state housing mandates and limited the flying of flags on city property, barring the Pride rainbow flag that has been flown in the city in each of the past two years.

Huntington Beach has an elected city attorney, Michael Gates, who has long advocated for local control and previously faced off with the state over housing and immigration enforcement.

This is the second time California officials have sued Huntington Beach for not following state housing laws. The city ended up settling that lawsuit back in 2020.

California’s housing and homelessness issues have continued to worsen each year despite Newsom and the Democratic-controlled state Legislature spending billions of dollars in taxpayer money on the problem. Nearly all of that money has gone to local governments, who have their own housing and homelessness policies.

State leaders have repeatedly tried to shape those local policies through state laws and regulations.

Newsom, who won reelection in November and is seen as a potential presidential candidate one day, has aggressively challenged local governments to comply with state standards. Last year, he delayed $1 billion in homelessness funding for local governments because he said their plans to spend the money weren’t good enough.

Newsom later released the money after a closed-door meeting with local officials.

“We need to do more, to do better as a state to address the original sin that is affordability,” Newsom said. “At the end of the day, it’s the number one issue that connects all the other bills and challenges and sins of the state together — the cost of living.”

Beam reported from Sacramento, California.

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State Comptroller Thomas DiNapoli calls for Tesla to adopt neutral stance toward union effort

State comptroller Thomas DiNapoli is calling for Tesla to take a neutral stance toward organizing efforts.

State Comptroller Thomas DiNapoli is calling for Tesla to safeguard the right of its employees to form a union, amid conflict over organizing efforts at the company's South Buffalo plant.

"The long-standing labor issues at Tesla need to be addressed," DiNapoli said in a statement. "Labor disputes can pose a host of risks for companies and their shareholders.

"Tesla should demonstrate its respect for labor rights to protect long-term shareholder value and provide greater transparency on its practices," he said. "Allegations surrounding the firing of workers because they chose to explore joining a union is unacceptable.”

New York State Comptroller Thomas DiNapoli

DiNapoli is trustee of the New York State Common Retirement Fund, a public pension fund which held 4.4 million Tesla shares as of Dec. 31.

Tesla Workers United on Feb. 14 announced its intent to organize workers at the RiverBend plant. In the days after the campaign was launched, Tesla fired about 30 workers . Tesla Workers United claimed the firings were retaliatory; the company denied that , saying the terminations stemmed from poor employee performance and were decided upon before the organizing effort went public.

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In a Feb. 28 letter to Tesla CEO Elon Musk and board chair Robyn Denholm, DiNapoli urged Tesla to adopt a "policy of neutrality," under which the company "would not interfere with an employee’s right to associate and would also recognize that all workers are free to form or join a trade union of their choice."

DiNapoli also called for Tesla to "adopt and publicly disclose a policy on its commitment to respect the rights to freedom of association, including non-interference and collective bargaining in its operations."

Union campaign at Tesla marks second attempt to organize workers

In late 2018, the United Steelworkers of America and the International Brotherhood of Electrical Workers unions launched a joint campaign to organize workers at the RiverBend facility.

DiNapoli noted that the National Labor Relations Board had previously ruled that Tesla had illegally fired an employee trying to organize workers at a California plant, and that the NLRB had forced Musk to delete a tweet suggesting workers could lose benefits if they organized.

"I have long been concerned with Tesla’s workforce management and last year withheld votes from Tesla directors up for election over these concerns," he wrote. "I believe the pattern of allegations may exacerbate the perception that Tesla is labor-unfriendly and could cause negative consumer and stakeholder reaction and jeopardize the company’s reputation."

Tesla officials have not responded to the letter, said Mark Johnson, a spokesman for DiNapoli.

Tesla Workers United is trying to gather enough signatures to bring about an election that would be conducted by the NLRB.

Lizzie McKimmie, a data annotation specialist at the Tesla plant in Buffalo, speaks about the demands of the work in the plant's autopilot department, where employee performance and output is closely monitored.

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OpenAI cofounder responds to Elon Musk's criticism that ChatGPT is too 'woke': 'We made a mistake'

In response to Elon Musk's criticism of ChatGPT being too " woke ," OpenAI cofounder and president Greg Brockman admitted the startup "made a mistake," in an interview with The Information .

Musk, an OpenAI cofounder who has since severed ties with the company, has routinely criticized OpenAI for implementing safeguards that prevent the chatbot from producing responses that could be deemed offensive.

"We made a mistake: The system we implemented did not reflect the values we intended to be in there," Brockman, who serves as OpenAI's president, told The Information. "And I think we were not fast enough to address that. And so I think that's a legitimate criticism of us."

ChatGPT has been criticized by users who claim it generates answers with political biases.

Last month, screenshots of a ChatGPT conversation circulated on Twitter showing the chatbot declining to generate a positive poem about Donald Trump, stating it wasn't programmed to create "partisan, biased or political" content. But when fed the same prompt subbing out Joe Biden for Trump, the chatbot wrote a glowing poem. Musk called the chatbot's refusal to generate a poem about Trump "a serious concern."

Musk had previously criticized the technology, saying that "the danger of training AI to be woke – in other words, lie – is deadly."

As more users flock to AI chatbots like ChatGPT and Bing's recently-launched chatbot, which is powered by OpenAI technology, their limits and flaws have been revealed. In response, companies have added guardrails to the technology.

In the month since Microsoft released its AI-powered Bing chatbot, the tech giant has set conversation limits on the chatbot, capping users at 50 questions per day and five questions per session. It has since loosened those limits .

ChatGPT is also a work in progress — and given Brockman's comments, it seems like the platform will continue to evolve.

"Our goal is not to have an AI that is biased in any particular direction," Brockman told The Information. "We want the default personality of OpenAI to be one that treats all sides equally. Exactly what that means is hard to operationalize, and I think we're not quite there."

Main content

Wagner Group mercenaries are being butchered in Ukraine, but US intel expects them to keep stirring up trouble elsewhere on Russia's behalf

Mercenaries from the notorious Wagner Group, a Kremlin-linked private military company, have taken a beating on the battlefield in Ukraine. But that won't stop them from operating around the world on Russia's behalf, the US intelligence community believes.

For years, the Wagner Group has put boots on the ground in countries across Africa and the Middle East. The US intelligence community expects this presence to continue, according to a newly unclassified threat assessment report by the Office of the Director of National Intelligence.

Moscow "will continue to use its involvement and the activities of" the Wagner Group in place like the Central African Republic, Libya, Mali, and Syria to "increase its influence; try to undercut U.S. leadership; present itself as an indispensable mediator and security partner; and gain military access rights and economic opportunities," the report says.

Russia's efforts to exert its influence won't be limited to these countries, either.

In the Western Hemisphere, the US intelligence community expects "Moscow will seek to maintain its influence by continuing its diplomatic overtures and economic engagements mostly with the countries that it sees as key players or close partners, including Argentina, Brazil, Cuba, Nicaragua, and Venezuela." The report did not say if Wagner would play a role in those operations.

Before Wagner's involvement in Ukraine became public, the shadowy organization represented Moscow's interest in operations around the world. The group, which was founded by Russia President Vladimir Putin's close ally Yevgeny Prigozhin, has been accused of carrying out various atrocities and human rights violations in Mali, Libya, and the Central African Republic.

For example, an independent United Nations report on human rights violations in the Central African Republic concluded that Wagner fighters carried out extrajudicial killings, civilian executions, acts of torture, sexual violence, and other forms of abuse.

US commandos have even squared off against Wagner before, engaging with the mercenaries in an intense firefight in Syria in 2018.

But Wagner's existence and role in pursuing Russian interests has become much clearer since Putin launched his unprovoked war in Ukraine a little over a year ago, with Wagner mercenaries fighting alongside Russia's regular military in eastern Ukraine's Donbas region.

Wagner activities have been especially visible around the war-torn city of Bakhmut , where fighting has raged for months. At times, there have been signs of tension and other rifts between Wagner and Moscow, with the former frequently blasting the Kremlin for missteps in its war efforts.

Like Russia's regular military, Wagner has endured heavy losses on the battlefield. The US estimates that the group has suffered over 30,000 casualties , including 9,000 killed in action. Many of those killed have been convicts recruited from Russian prisons.

Officials have previously said that Wagner fighters — including the convicts recruited by the group — have been shoved to the front lines to absorb heavy Ukrainian fire like sponges. Western intelligence suggested that up to half of the prisoners recruited by Wagner have been killed or wounded in battle.

NOW WATCH: The war in Ukraine by the numbers, one year later

Oracle Revenue Falls Short of Analysts’ Estimates on Wavering Demand

Oracle Corp. reported quarterly sales in line with analysts’ estimates after its cloud business failed to meet expectations for higher growth. The shares declined in extended trading.

Fiscal third-quarter revenue increased 18% to $12.4 billion, just short of analysts’ average estimate of $12.41 billion, according to data compiled by Bloomberg. Profit, excluding some items, was $1.22 a share. Analysts, on average, projected $1.20 a share.

Main content

Dow falls 543 points as US stocks slide ahead of important February jobs report

US stocks sank on Thursday as investors braced themselves for Friday's February jobs report.

Major indexes gained early in the day on softer labor market data in the form of higher than expected jobless claims, data which could help influence the Fed to keep its next rate hike small. Claims rose 21,000 to 211,000 over the last week, the largest surge in five months.

Stocks, however, reversed course to slide in afternoon trading, with the Dow losing over 500 points as investors turned their focus to Friday's non-farm payrolls report.

Markets are betting that a 50 basis-point rate increase is likely at the March meeting of the Federal Open Market Committee following Fed Chair Jerome Powell's testimony to Congress this week, in which the top central banker struck a hawkish tone on inflation and future rate hikes.

Meanwhile, financials took a beating on Thursday, with bank stocks plunging after implosions at Silicon Valley Bank and Silvergate Capital rattled the sector. JPMorgan, Bank of America, and Wells Fargo fell more than 5% on Thursday, while SVB Financial plummeted as much as 60% after announcing it would try to raise capital following steep losses on the sale of a bond portfolio.

Here's where US indexes stood at the 4 p.m. closing bell on Thursday:

Here's what else is going on:

In commodities, bonds, and crypto:

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California sues Huntington Beach over affordable housing
HUNTINGTON BEACH, Calif. (AP) — California on Thursday sued one of its picturesque coastal cities and accused it of refusing to build more affordable housing, an issue Democratic Gov. Gavin Newsom called the "original sin" of the state's housing shortage.
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DiNapoli calls for Tesla to adopt neutral stance toward union effort
State comptroller Thomas DiNapoli is calling for Tesla to take a neutral stance toward organizing efforts. (News file photo) In a Feb. 28 letter to Tesla CEO Elon Musk and board chair Robyn ...
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In response to Elon Musk's criticism of ChatGPT being too "woke," OpenAI cofounder and president Greg Brockman admitted the startup "made a mistake," in an interview with The Information. Musk, an ...
US Intel Expects Wagner Group to Keep Making Trouble on Russia's Behalf
Wagner Group mercenaries are being butchered in Ukraine, but US intel expects them to keep stirring up trouble elsewhere on Russia's behalf. Jake Epstein. Mar 9, 2023, 11:50 AM. Visitors wearing ...
Oracle Revenue Falls Short of Analysts' Estimates on Wavering Demand
ORACLE CORP. 89.74. USD. +0.49 +0.55%. Oracle Corp. reported quarterly sales that fell short of analysts' estimates on a slowdown in information technology demand that has hit many other ...
Stock Market News Today: Dow Falls 543 Points Ahead of Jobs Report
Dow falls 543 points as US stocks slide ahead of important February jobs report. Jennifer Sor. Mar 9, 2023, 1:09 PM. Bryan R Smith/Reuters. US stocks sank on Thursday as investors brace for Friday ...