Business category

Every December, I scrutinize the biggest losers in the stock market year-to-date. My thought is there might be gold in the rubble. In 2025, here are the five worst performers (through Dec. 12) among all U.S. stocks with a market value of at least $5 billion. • Trade Desk Inc....

Automakers Hyundai and Kia must offer free repairs to millions of models under a settlement announced Tuesday by Minnesota’s attorney general, who led an effort by dozens of states that argued the vehicles weren’t equipped with proper anti-theft technology, leaving them vulnerable to thefts. Under the nationwide settlement, the companies...

Steve Cahillane, the food and beverage industry veteran behind Kellogg’s recent split, has been tapped by Kraft Heinz to manage its pending breakup. The packaged food giant with dual headquarters in Pittsburgh and Chicago announced Cahillane’s hire as CEO on Tuesday. He’ll start Jan. 1, replacing Carlos Abrams-Rivera after about...

A nationwide Mexican food chain is planning to make Irwin the first site in Pennsylvania with an updated interior design for its restaurants. Chipotle Mexican Grill plans to build a restaurant next year at the site of the Denny’s along Route 30, said Bill Zuccarello, construction manager for Chipotle. The...

WASHINGTON — The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6%, highest since 2021. Both the October and November job creation numbers,...

DETROIT — Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles in lieu of investment in more efficient gasoline-engines and hybrid EVs, the company said Monday. The Detroit automaker, which has poured billions of dollars into electrification...

Please don’t stop the music. That’s the plea from owners of a popular live jazz restaurant venue with the launch last week of a GoFundMe campaign. They have a fundraising goal of $150,000 to pay off mounting business-related bills. Con Alma is the only jazz bar and restaurant in Downtown...

NEW YORK — The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over 500 different...

WASHINGTON — A leading candidate to be President Donald Trump’s choice for Federal Reserve chair said that he would present the president’s views to Fed officials for their consideration but they could reject them if they chose when making decisions on interest rates. Kevin Hassett, in an interview Sunday on...

Justin Thomas spent time at his father’s jewelry store as a 12-year-old, where he learned how to change watch batteries, taking in all the information about the inner workings of these timepieces. His expertise has expanded past making a watch tick again as he helps fashion precious metals into beautiful...

The welcome is always warm for shoppers visiting Splurge in Fox Chapel Plaza. Owner Kym Pelcher of Fox Chapel greets every customer with the same upbeat energy. “I always try to be real positive and I have a sign that says ‘No Drama Please’ and we greet every customer. I...

Disney is investing $1 billion in OpenAI and will bring characters such as Mickey Mouse, Cinderella and Luke Skywalker to the AI company’s Sora video generation tool, in a licensing deal that the two companies announced on Thursday. The agreement makes the Walt Disney Co. the first major content licensing...

WASHINGTON — The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months. U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from the previous week’s 192,000, the...

Discount chain Dollar General will pay $1.5 million in penalties for allegedly overcharging customers, according to Pennsylvania Attorney General Dave Sunday. Sunday announced he reached a settlement with Dollar General Corp. and its parent company, Dolgen Corp., after an investigation found customers were being charged higher prices than what was...

Rejoice, New Year’s dieters: Oreos are getting a sugar-free option. Mondelez said Tuesday that Oreo Zero Sugar and Oreo Double Stuf Zero Sugar will go on sale in the U.S. in January. They’re a permanent addition to the company’s Oreo lineup. It’s the first time Mondelez has sold sugar-free Oreos...

WASHINGTON — U.S. job openings barely budged in October, coming in at 7.7 million with ongoing uncertainty over the direction of the American economy. The Labor Department reported Tuesday that employers posted 7.67 million vacancies in October, close to September’s 7.66 million. The Job Openings and Labor Turnover Survey (JOLTS),...

WASHINGTON — The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut. The Fed’s 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again. The...

BOSTON — Massachusetts’ highest court heard oral arguments Friday in the state’s lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2024 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that...

NEW YORK — Paramount on Monday launched a hostile takeover offer for Warner Bros. Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and a famed movie studio along with the power to reshape much of the nation’s entertainment landscape. Emerging just...

NEW YORK — The U.S. stock market is flirting with its all-time high on Friday. The S&P 500 rose 0.3% and was on track earlier in the day to squeak past its record closing level, which was set in October. The Dow Jones Industrial Average was up 164 points, or...

NEW YORK — Netflix has struck a deal with Warner Bros. Discovery to buy the legacy Hollywood giant’s studio and streaming business for $72 billion. The acquisition, announced Friday, would bring two of the industry’s biggest players in film and TV under one roof. Beyond its namesake television and motion...

LONDON — European Union regulators on Friday fined Elon Musk’s social media platform X $140 million for breaches of the bloc’s digital regulations that they said could leave users exposed to scams and manipulation. The European Commission issued its decision following an investigation it opened two years ago into X...

MADRID — Internet infrastructure company Cloudflare on Friday said it was investigating an outage that took place in the morning that brought down several global websites including LinkedIn, Zoom and others, the second such crash to affect the company in less than three weeks. Cloudflare said the issue had been...

In an era when people can buy gifts with the click of a mouse or push of a button, in-person retail shopping is still an important part of the American holiday shopping experience. A study from JLL, a real estate services company, found that only 16.3% of consumers plan to...