Business category, Page 15

NEW YORK — President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Foreign-made steel and aluminum is...

NEW YORK — President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers. Foreign-made steel and aluminum is used...

UPMC is off to a strong financial start in 2025, with both its health care and insurance services in the black last quarter for a total operating income of $237 million. The health care network made $142 million, while the insurance side — a drag on many recent quarterly reports...

WASHINGTON — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced Tuesday is just...

WASHINGTON — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had...

Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty. The U.S. economy shrank at a 0.2% annual pace from January through March, the first...

Dave’s Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave’s Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end...

HARRISBURG — The Department of Energy has ordered another power plant, this time an oil and gas plant in Pennsylvania, to keep its turbines running through the hottest summer months as a precaution against electricity shortfalls in the 13-state mid-Atlantic grid. The department’s order to the grid operator, PJM Interconnection,...

Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federal lawsuit filed Tuesday in Illinois, Chicago-based Mondelez said Aldi’s packaging was “likely to deceive and confuse...

The Sewickley Valley Chamber of Commerce is in a new era. The chamber is looking to broaden and strengthen its network by reinventing itself as a hub for business growth and community success, according to its new board of directors. “Local businesses now have a powerful new advocate with the...

WASHINGTON — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in...

WASHINGTON — The Trump administration is adding four essay questions to applications for civil service jobs, asking applicants about their favorite executive orders and their commitment to government efficiency. The essay requirements apply even to relatively lower-level jobs starting at the GS-5 pay scale or above — positions that can...

NEW YORK — Businesses rattled by President Donald Trump’s on again, off again tariffs absorbed more jolts on Thursday after a U.S. appeals court temporarily blocked a federal court order that would have halted most of his taxes on foreign imports. A three-judge panel of the U.S. Court of International...

Nakama Japanese Steakhouse and Sushi Bar on East Carson Street on Pittsburgh’s South Side appears to be closed for good. Rich Cupka, owner of Cupka’s Cafe 2, which is also on East Carson Street, confirmed the news to TribLive on Thursday. Cupka said he was outside of Nakama on Tuesday...

WASHINGTON — A federal appeals court on Thursday allowed President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration appeals an order striking down the bulk of his signature set of economic policies. The Court of Appeals for the Federal Circuit granted an...

Highmark Health brought in more money than it lost in the first quarter of 2025, but just barely. Financial results released Thursday show the health care and insurance provider made $15 million in operating income on $8 billion in revenue between January and March. The success, to some extent, was...

Giant Eagle will take over pharmacy prescriptions from 78 Rite Aid stores that are closing across Pennsylvania and Ohio, the supermarket chain announced Thursday. Rite Aid filed for Chapter 11 bankruptcy protection earlier this month. According to Giant Eagle, transferred prescriptions will go to locations most convenient for affected customers....

NEW YORK — Victoria’s Secret has taken down its U.S. website and says some in-store services will also be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place of the popular lingerie brand’s normal shopping site Thursday, stating that the Ohio-based company had halted...

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers. The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.03%. Borrowing...

WASHINGTON — The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate. First-quarter growth was brought down by a surge in...

ATI has a multi-year contract with Airbus, the world’s leading helicopter manufacturer and largest producer of airliners. The majority of the deal will be served by Specialty Rolled Products, ATI’s Harrison facility, with other operations in Brackenridge, Vandergrift, Latrobe and Washington, Pa. The specialty metals manufacturer will produce Airbus’ titanium...

NEW YORK — Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that the U.S. trade war will have on the company and its shoppers, trimmed its profit forecast for 2025. However, the New York retailer which also owns...

Walmart has bought the Bethel Park Shopping Center for $39.6 million, reflecting its longstanding strategy of owning its stores and, often, surrounding properties. Allegheny County property records show the 22-acre lot changed hands May 5. The previous owner, Texas-based commercial real estate firm Tabani Group, bought the center in 2023...