Illinois lawmakers are facing pushback from small business owners as the state’s spring legislative session nears its end. Proposals to expand gambling by allowing internet casinos appear to be stalling for now, but one key legislator says the idea isn’t dead yet.
Klarna, the buy now, pay later (BNPL) giant, has reported a sharp increase in losses as more customers struggle to repay loans. The company’s first quarter net loss surged to $99 million—double last year’s $47 million loss—driven by a 17 percent spike in consumer credit defaults, which hit $136 million. Klarna’s BNPL model allows shoppers to split payments into installments, but it profits from fees charged to merchants and customers who miss payments.
Elon Musk has announced a significant shift in focus, stepping back from political activities to concentrate on technological innovations aimed at boosting the U.S....
Proposals to expand Illinois’ gambling laws to allow internet casinos are facing resistance as the spring legislative session nears its end, but some lawmakers say there’s still a chance it could happen. State Rep. Bob Rita, D-Blue Island, a key figure in previous gambling expansions, noted that with just days left before adjournment, “anything is possible.”
California homeowners face soaring insurance costs as State Farm pushes for a total 30% increase in home insurance rates. The company already secured a 17% emergency hike, and now seeks an additional 11%, even while many wildfire victims say they haven't received fair compensation.
A Los Angeles business owner has adopted an unconventional method to deter homeless encampments near his property by playing the children's song "Baby Shark" on a continuous loop.
Facing an ecological threat from invasive green crabs, New England communities are adopting a novel approach: turning the pests into a culinary resource.
Portland’s flagship luxury high-rise, the $600 million Ritz-Carlton tower, may soon change hands as its developers prepare to surrender the property to their lender. Struggling with the economic aftershocks of COVID-19 and years of downtown unrest, the 35-story tower—Block 216—has failed to reach profitability.
A new study from Duke University reveals a surprising downside for employees using artificial intelligence tools in the workplace: social stigma. While AI tools like ChatGPT and Gemini are praised for boosting productivity, the research warns that coworkers and managers often judge AI users as lazy, less competent, and dependent.
