Spotify has officially hit a new record with 300 million premium subscribers.

In its second-quarter earnings report Tuesday, the Swedish streamer called it a "milestone no audio streaming service has ever reached." Spotify said premium subscribers grew 9% and its monthly active users climbed 12% to 777 million. Total revenue increased 14% to �...Read more

A jury has returned an $88 million verdict against Medtronic in a bellwether case over injuries allegedly caused by the company’s Covidien hernia repair mesh products.

The lawsuit, filed as part of multidistrict litigation in a Massachusetts federal court, was considered a bellwether case for similar litigation Medtronic faces over the hernia...Read more

SEATTLE — Zillow announced Tuesday it’s cutting 7% of its workforce, as a lukewarm housing market continues to weigh down its real estate business.

Just over 500 employees will leave the real estate giant, which is based in Seattle but employs remote workers nationwide.

CEO Jeremy Wacksman said in a statement on Zillow’s website that the...Read more

DETROIT — Ford Motor Co. reported a more than 10% decrease in U.S. sales year-over-year for July from the impacts of the Escape crossover's cancellation and continued weakness in F-Series inventory due to an aluminum shortage.

But the Dearborn automaker's U.S. sales director said the "decline is by design." Although the absence of the compact...Read more

MINNEAPOLIS — For years a rallying cry at hay-baled farm conferences and rural political stages in swine country has energized crowds: Don’t let California dictate how American farmers, particularly in the Upper Midwest, raise pork.

But as tens of thousands of crop and livestock farmers convene Tuesday at a field near Redwood Falls for ...Read more

Paramount Chairman David Ellison believes the tug-of-war over his proposed $111 billion purchase of Warner Bros. Discovery comes down to a single question: whether he can be trusted to control CNN.

"I believe this fight is not really about market share," Ellison wrote in a Tuesday op-ed in the New York Times, noting that regulators around the ...Read more

Prices of existing homes rose in 80% of U.S. metropolitan areas in the second quarter, as home values pick up pace after several months of weakness.

The figure is up from 71% that saw year-over-year increases in the first quarter, National Association of Realtors data released Tuesday showed. By region, the Northeast — where the supply of ...Read more

Treasury Secretary Scott Bessent characterized U.S. support for Friday’s yen intervention as a sign that President Donald Trump’s government “delivers for America’s trusted partners.” Perhaps. The more plausible reading? The administration is growing increasingly uneasy with its own climbing borrowing costs and wants to avoid forced ...Read more

MINNEAPOLIS — When John Ghingo was 14, he started dishwashing at his hometown seafood restaurant in New York. Over eight years, he climbed the ranks to front-of-house manager.

The incoming CEO of Hormel Foods, now 53, met his wife there. Now, he encourages his children to work restaurant jobs.

“It’s hard work serving people food every ...Read more

Today’s children could be the first generation since the 1970s to do better than their parents as young workers become more sought after and well paid. They may even see a surplus of housing to make their lives even easier after recent shortages.

An abundance of young workers will turn into an undersupply by 2040, with better pay and a ...Read more

SACRAMENTO, Calif. — A bill aimed at reducing artificial intelligence surveillance in workplaces has led to fierce debate between competing interest groups.

Proponents of the legislation say the surveillance violates workers’ right to privacy and can be discriminatory. Opponents say the tools that would be banned by the measure are part of ...Read more

SACRAMENTO, Calif. — Goats have become a familiar sight on California hillsides, munching through weeds and brush before they can become fuel for wildfires. But the companies that put those herds to work said a change in state labor rules have made goat grazing too expensive to continue.

The labor rule in question was a temporary state law ...Read more

Michigan health authorities were in touch with Taco Bell’s parent company, Yum! Brands Inc., about a parasitic outbreak in early July, weeks before the company officially alerted consumers.

The Michigan Department of Health and Human Services held a call with Yum on July 2 to discuss cyclospora, according to documents obtained by Bloomberg ...Read more

DETROIT -- The National Highway Traffic Safety Administration on Monday upgraded a defect investigation in older Ford cars and SUVs over what it believes to be "unreasonable risk to motor vehicle safety."

Of concern is a risk that the timing belt may fail and cause the vehicles to lose power. The U.S. auto safety regulator opened the ...Read more

U.S. and Japanese officials warned investors they’re determined to keep defending the yen after jolting currency markets with their first joint intervention in 15 years.

It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and ...Read more

U.S. stocks rose on the first trading day of the month as attention turned to this week’s heavy slate of earnings reports.

The S&P 500 Index closed 1.5% higher, close to a record high, while the Nasdaq 100 Index advanced 1.8%. The Philadelphia Semiconductor Index, known as the SOX, added 1.1%.

U.S. stocks had closed out July with a gain on...Read more

PONTIAC, Mich. — A drone lifts off from an Amazon facility with a package secured tightly beneath. It climbs over Metro Detroit neighborhoods on its way to a customer's doorstep — and into a growing debate over noise, privacy and who controls the skies.

Amazon is betting drones will reshape package delivery. Amazon Prime Air launched in the...Read more

LOS ANGELES — Martin Luther King Jr. Community Hospital in Willowbrook is the main emergency medical care option for hundreds of thousands of South Los Angeles residents, but space is so tight that many patients are treated in large metal-frame tents on the pavement outside.

On a recent summer day, loud air conditioners blew cool air as ...Read more

SACRAMENTO, Calif. — There’s a lot of talk in the agriculture industry these days around Senate Bill 54 — California’s Plastic Pollution Prevention and Packaging Producer Responsibility Act.

Lawsuits are flying. Letters are being sent to Gov. Gavin Newsom’s administration and the state Legislature. Public comments are in abundance.

A...Read more