Business category, Page 14

Christian Klanica’s gut told him President Donald Trump wasn’t done raising steel and aluminum tariffs, so he turned down long-term production contracts and stocked up on supplies throughout the spring for his tool-and-die shop in Hempfield. Already, the 25% tariffs on these metals imposed in March have inflated the cost...

The day after graduating from North Allegheny High School in 1978, Dave Scholl went to work fixing bicycles in his parents’ shop in West View. He and his older brother, Ken, a 1973 grad, have been together there ever since. “That’s all we’ve done all of our life — fix...

A 200-room hotel and convention center with 15,000 square feet of meeting space could find a home at Westmoreland Mall. Some results of a study examining the feasibility of a hotel and convention center in Westmoreland County were revealed Wednesday by Sean Sullivan, general manager of Live Casino Pittsburgh, during...

WASHINGTON — The Environmental Protection Agency on Wednesday proposed repealing rules that limit greenhouse gas emissions from power plants fueled by coal and natural gas, an action that Administrator Lee Zeldin said would remove billions of dollars in costs for industry and “unleash” American energy. The EPA also proposed weakening...

LONDON — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%. In return, Trump said the U.S. will provide China “what was agreed to,” including allowing...

Shares of General Motors rose before the opening bell after announcing plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher. President Trump signed executive orders in April, relaxing some of his 25% tariffs on...

CUPERTINO, Calif. — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite, which attracted thousands...

The union for Hollywood’s video game performers has reached a tentative contract with several video game companies that may bring an end to an almost year-long strike tied to the use of artificial intelligence. Members of the Screen Actors Guild-American Federation of Television and Radio Artists went on strike in...

The best performing sector in the stock market for the past year has been the unsung financial sector. Its 24% return through May 31 was nearly double the return on the market as a whole. Unlike technology or biotech, financial stocks don’t get people very excited. There’s no tantalizing hint...

HARRISBURG — Amazon said Monday that it will spend $20 billion on two data center complexes in Pennsylvania, including one it is building alongside a nuclear power plant that has drawn federal scrutiny over an arrangement to essentially plug right into the power plant. Kevin Miller, vice president of global...

NEW YORK — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as...

WASHINGTON — As President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House. But the Democratic Party’s own relationship with the emerging crypto industry is...

Designer Betsy Wentz is her own newest client with a project that involves moving her business to an entirely new location that is much bigger. “We were running out of space,” said Wentz, surrounded by boxes of tiles and rug samples in her Walnut Street store in Sewickley. “We hired...

The Pittsburgh Mills mall in Frazer is one step closer to having no remaining anchor tenants. Sunday was the last day of business for the Dick’s Sporting Goods store at the Galleria at Pittsburgh Mills, according to signs posted at the store. A store manager was not permitted to provide...

Economic development leaders hope to show the Pittsburgh region is a diamond beyond the rough at Oakmont Country Club as the U.S. Open unfolds this week before a national audience. Tens of thousands of fans are expected to flock to the world-renowned golf course and millions more will tune in...

It was a costly spat. As President Donald Trump and Elon Musk feuded on social media Thursday afternoon, shares of Musk’s Tesla Inc. plummeted more than 14% — erasing $150 billion of the electric vehicle maker’s value. Investors weren’t the only ones looking to dump Tesla. Trump is looking to...

With recent legal developments, including hundreds of township-issued citations, criminal charges and a lawsuit filed by real estate trusts for Walmart and Sam’s Club, Namdar Realty Group, the owners of Pittsburgh Mills mall in Frazer, continues to remain under the microscope for the property’s alleged mismanagement and slow decay. How...

LONDON — Amazon has pledged to beef up its fight against fake reviews, Britain’s competition regulator said Friday after an investigation into whether big online platforms are doing enough to crack down on phony online ratings for products and services. The Competition and Markets Authority said it secured the “undertakings”...

WASHINGTON — Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy. New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor...

TOKYO — Throngs of gamers stood in long lines outside of stores hours before they opened Thursday from Tokyo to New York City in hopes of snaring a long-awaited Nintendo Switch 2 video game console. Enthusiasts have been clamoring for an upgrade to Nintendo’s eight-year-old predecessor for years. Nintendo, which...

Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers are growing anxious about the economy. The job cuts, announced...

Real estate trusts for Walmart and Sam’s Club are suing the owners of the beleaguered Pittsburgh Mills mall in Frazer, alleging they have failed to maintain the roads there despite being contractually obligated to do so. The lawsuit, filed Wednesday in U.S. District Court of Western Pennsylvania, asks the court...

About 14 months ago, I wrote a column about gold. “I don’t think gold is an investment for all seasons,” I wrote, “but right now, I think it’s sensible to hold some.” That turned out to be right. Gold is up about 51% since I made that recommendation, including a...