Rising rates push Utah homeownership further out of reach

The Federal Reserve's latest interest rate hike is creating new challenges for Utah families already struggling with housing affordability.

Does Utah need to plan for extinction risks due to AI? Not just yet, AI czar says

The head of Utah's artificial intelligence office said AI advancements could be potentially dangerous, but said they have "not manifested in a way that's a real extinction level risk."

Utah Motorsports Campus reopens under new ownership

Utah Motorsports Campus in Grantsville has reopened under new ownership following state concerns over its previous owner, with more than $5 million in upgrades completed and plans for expanded racing and entertainment, along with residential and commercial development.

OpenAI forecasts cash burn near $280 billion by 2030, FT reports

OpenAI expects to burn through $278 billion in cash between 2026 ​and 2030 as it ramps up spending on computing power and infrastructure, the Financial Times reported on Friday, citing ‌a company presentation seen by the newspaper.

Gemini hacked three companies in first known breakout by Google's AI

Google's Gemini model accessed the internet and hacked other companies during a test ​of its cybersecurity capabilities, the first known example of the company's AI systems autonomously committing such an act.

Morgan Stanley private credit fund redemption requests remain elevated in third quarter

Withdrawal requests at a Morgan Stanley private credit fund remained elevated in the ​third-quarter repurchase offer, according to a regulatory filing on Friday, as the investment vehicle works through its redemption queue.

Berkshire Hathaway looks to keep culture intact as Howard Buffett ascends

Berkshire Hathaway has been synonymous with Warren Buffett. It now falls to his oldest son, Howard Buffett, to keep the conglomerate's culture alive.

Utah economic office can't tell if $249M was properly spent, audit finds

A Utah legislative audit says inadequate oversight at the Governor's Office of Economic Development put $249 million in taxpayer funds at risk of being misused.

Factory production falls in August; outlook clouded by rising costs

Factory production unexpectedly fell in August, and higher oil prices and rising interest rates could offset some of the support from an artificial intelligence buildout.

Volkswagen crisis worsens with $11.5 billion profit warning, largely due to Porsche struggles

Volkswagen on Friday flagged €10 billion ($11.5 billion) in one-off costs, mostly at struggling ​sports car brand Porsche , deepening a crisis at the world's second-largest automaker that has already triggered the group's biggest-ever restructuring.

'World's best airline' for 2026 is named

Wars. Climate chaos. Soaring fuel prices. Disruptive passengers duct-taped to their seats. It's not getting any easier to run an airline in these turbulent times, but some are clearly doing it better than others.

Kauai small businesses ask tourists to return with aloha and some patience

When tourists should return is always a question in Hawaii, but Kauai small businesses are already asking for them to come back in the wake of the devastation left by Hurricane Lowell.

Warren Buffett's road to investing glory

Warren Buffett, Berkshire Hathaway's former CEO and legendary investor, is stepping down as its chairman, marking the end of his executive ​duties at the firm he helped build into one of the world's largest conglomerates.

Factbox-Key executives running Berkshire Hathaway's $1 trillion empire

Warren Buffett stepped down as chairman of Berkshire Hathaway on Friday, handing the top role to his son Howard and completing a historic ​leadership handover that started with Greg Abel's appointment as CEO earlier this year.

Warren Buffett steps down as Berkshire Hathaway chairman, a post he has held since 1970

Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. His son, Howard, will serve as Berkshire Hathaway's new chairman.

Mbappe leaves Nike, signs with On as Swiss sportswear maker forays into soccer

French soccer star Kylian Mbappe has ended a two-decade partnership with Nike to join fast-growing Swiss sportswear brand On, giving ​the Roger Federer-backed company a marquee name for its push into soccer and handing the US giant another high-profile defection.

Warren Buffett steps down as Berkshire chairman, replaced by his son Howard

Warren Buffett stepped down on Friday as chairman of Berkshire Hathaway, ending more than six decades building the conglomerate and making himself perhaps the world's most revered investor.

Toyota estimates factory automation could cost $6.4 billion per year from 2028

Toyota Motor estimates it could cost 1 trillion ​yen ($6.4 billion) annually from 2028 to modernise its factories as the world's biggest carmaker accelerates automation and ‌robotics deployment.

Volkswagen to recall over 208,700 US vehicles over steering rack bolt defect, NHTSA says

Volkswagen is recalling 208,724 ​vehicles in the US due to a faulty ‌steering rack bolt that could break ⁠and cause ​a loss ⁠of steering control, the ‌US National ‌Highway Traffic Safety Administration (NHTSA) said ⁠on Friday.