Tesla loses title as world’s biggest electric vehicle maker as sales fall for 2nd year in a row
NEW YORK — Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row. Tesla said that it delivered...
Brandy Melville’s Shadyside opening rekindles debate over size exclusivity
Emily Anderson remembers feelings of shame and self-consciousness in what she refers to as the “universal experience growing up fat or plus size” while trying to shop at size-exclusive clothing stores. “As a teenager I didn’t feel like I belonged in clothing stores,” said Anderson, a yoga therapist for All...
Trump delays increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year
WASHINGTON — President Donald Trump signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks. Trump’s order signed Wednesday keeps in place a 25% tariff he imposed in September on those goods, but delays for another year...
Pittsburgh City Paper closes
Pittsburgh City Paper is closing after 34 years of operation. Employees at the alt-weekly Pittsburgh City Paper publication posted on social media that the news outlet was closing. Colin Williams, news editor at the City Paper, posted on Linkedin on Wednesday saying “It’s the end of an era — ownership...
New Year’s Day: What’s open? Retailers. What’s closed? Government and banks.
While schools, government and banks are closed on New Year’s Day, most major retailers across the U.S. will be open, with many offering discounts on older inventory to clear the way for newer products. But before you run out the door on New Year’s Day to peruse deals, it’s wise...
Average U.S. long-term mortgage rate falls to lowest level of the year at 6.15%
WASHINGTON — The average rate on a 30-year U.S. mortgage fell to its lowest level of 2025 this week, an encouraging sign for prospective home buyers. The average long-term mortgage rate dipped to 6.15% from 6.18% last week, mortgage buyer Freddie Mac said Wednesday. That’s the lowest average long-term rate...
U.S. applications for jobless benefits fell below 200,000 last week with layoffs historically low
WASHINGTON — Fewer Americans applied for unemployment benefits last week with layoffs remaining low despite a weakening labor market. U.S. applications for jobless claims for the week ending Dec. 27 fell by 16,000 to 199,000 from the previous week’s 215,000, the Labor Department reported Wednesday. Analysts surveyed by the data...
John Dorfman: What my father taught me about investing
My father, Isaiah Sol Dorfman, was a World-War-II spy, a labor-relations lawyer, and a lifelong stock-market investor. His interest in the market was contagious. When I started buying stocks, he examined my portfolio and said, “I think you’ve done well in picking your stocks. Too bad you didn’t have enough...
Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann
Lee Enterprises announced a compromise Tuesday with billionaire investor David Hoffmann, who offered to take over the nation’s third-largest newspaper chain this year, to help stabilize the company’s finances with a $50 million investment and set Lee up for the future. Hoffmann, whose family investment firm already owns more than...
U.S. Steel’s contract dispute with Canadian company heads to arbitration
U.S. Steel’s lawsuit accusing a Canadian company of refusing to pay for millions of tons of iron ore pellets is heading to arbitration. The October lawsuit, filed in federal court in Pittsburgh, claimed Ontario-based Algoma Steel violated its agreement to buy the pellets from U.S. Steel. The deal was signed...
AI prompts increased human interaction at this cyber security company
In an age of artificial intelligence, Dennis Underwood is working it “old school.” He is prioritizing face time. Underwood is CEO of Cyber Crucible, a cybersecurity software company in Fox Chapel that focuses on preventing data theft, identity theft and ransomware. He said the introduction of mainstream AI in the...
Majority of job hunters turn to AI to help land next gig
Mallory Helbling turned to her own professional advice when she found herself laid off in December 2024. Among them: using artificial intelligence tools to assist in her job search as a career coach. “I was able to get my first contract role in February 2025,” said Helbling, 37, of Sharpsburg,...
Environmental groups call $135,000 fine for U.S. Steel oil spills ‘laughable’
A six-figure expense is a big deal for a lot of businesses. Less so for U.S. Steel, a massive manufacturer with more than $15 billion in annual revenue. That’s why clean water advocates argue the Pennsylvania Department of Environmental Protection missed the mark last month by fining U.S. Steel $135,000...
Bitty & Beau’s, coffee shop known for inclusive hiring, quietly closes Strip District store
A coffee shop chain staffed by people with intellectual and developmental disabilities, a group dramatically underemployed nationwide, has permanently shuttered its only Pittsburgh-area location. Bitty & Beau’s Coffee on Tuesday closed the doors on its shop in Pittsburgh’s Strip District. “Unsustainable financial loss” led to the shutdown, according to a...
Why your holiday gift returns might go to a landfill and what you can do about it
The holiday season will soon come to a close, but the busiest time of the year for product returns is just beginning. The National Retail Federation estimates 17% of holiday purchases will be sent back this year. More retailers are reporting extended return windows and increased holiday staff to handle...
Average U.S. long-term mortgage rate ticks down to 6.18% this week
WASHINGTON — The average rate on a 30-year U.S. mortgage ticked down modestly this week, remaining in the same narrow range of the past two months. The average long-term mortgage rate fell to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged...
What’s open and what’s closed on Christmas Day?
From department stores to grocery stores, most retailers across the U.S. close early on Christmas Eve and shut their doors entirely on Christmas Day — while others opt to cut back hours. But there’s also a handful of businesses that will be open during the holiday. Before you run out...
Federal agency recommends 2 safety recommendations in Clairton Coke Works plant
An independent, nonregulatory federal agency investigating a deadly explosion at the U.S. Steel’s Clairton Coke Works plant this fall issued two interim safety recommendations Tuesday. The U.S. Chemical Safety and Hazard Investigation Board recommends U.S. Steel thoroughly evaluates all buildings at the Clairton facility that are currently occupied or could...
John Dorfman: An X-Ray view of the Magnificent 7
For the past three years, a huge share of the stock market’s action has been in the Magnificent Seven, a small group of super-successful, super-popular stocks. There are signs of fatigue in this leadership group, but the Magnificent Seven remain mainstays in many people’s portfolios. They are Alphabet Inc. (GOOGL),...
Consumer confidence slides in December to lowest level since U.S. tariffs rolled out in April
WASHINGTON — Consumers were less confident in the economy in December as Americans grow anxious about high prices and the impact of President Donald Trump’s sweeping tariffs. The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December from November’s upwardly revised reading of...
Fast shipping is increasing emissions. Here’s why delivery has become more polluting
It feels simple: You shop, find something you want and click to buy. It shows up today, overnight or tomorrow. We’ve gotten used to that speed. But that convenience comes with a climate cost. Multiple factors shape the environmental toll of a delivery. These include the distance from a fulfillment...
Cranberry approves next step for Meijer superstore development
Cranberry supervisors have moved forward with plans for Henderson Crossing, a mixed-use development anchored by a Meijer grocery store and a Meijer Express gas station. A proposed development would give Meijer a 159,000-square-foot supercenter in the township, officials previously told TribLive. After a public hearing, supervisors on Dec. 11 granted...
U.S. economy expands at surprisingly strong 4.3% annual rate in 3rd quarter
WASHINGTON — The U.S. economy expanded at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, as consumer and government spending, as well as exports, all grew. U.S. gross domestic product from July through September — the economy’s total output of goods...
Supreme Court Justice Alito grants Post-Gazette time to fight 3rd Circuit panel decision
U.S. Supreme Court Justice Samuel Alito on Monday granted an emergency application by the Pittsburgh Post-Gazette’s owners to delay a ruling from a federal appeals court panel that would send them back to the bargaining table with union employees. Alito granted a stay on the U.S. 3rd Circuit Court of...
Larry Ellison guarantees $40.4 billion in Paramount’s hostile bid for Warner Bros. Discovery
Paramount is sweetening its hostile takeover bid for Warner Bros. Discovery with an “irrevocable personal guarantee” from Larry Ellison, who is putting up billions of dollars to back the deal for his son’s company. On Monday, Skydance-owned Paramount announced that Larry Ellison — the founder of Oracle and father of...
