Business category, Page 22
Apple moves down Walnut Street in Shadyside
This weekend, a new Apple store is opening on Shadyside’s Walnut Street — just one block away from its current location at 5508 Walnut St. The new location is at 5436 Walnut St., the former site of the Gap store. The storefront is now dark brown brick, a contrast to...
Average rate on 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A...
Multiple Westmoreland communities say convention center would be a good fit
As feasibility studies for a convention center and hotel complex in Westmoreland County near completion, leaders from communities along Route 30 say that while they haven’t been contacted for information, they do have ideas about where it could be built. The Westmoreland County Chamber of Commerce in December launched a...
Trump’s broad tariffs go into effect, just as economic pain is surfacing
WASHINGTON — President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject...
Residents see 1st glimpse of proposed Springdale data center
Springdale residents got their first look at a proposed massive data center at the site of the former Cheswick Generating Station on Wednesday. At a well-attended planning commission meeting, representatives from the site’s land developer, Allegheny DC Property Co. LLC, presented their preliminary plans for what could be a massive...
United Airlines flights grounded nationwide because of technology problem
United Airlines flights on major routes were grounded Wednesday because of a technology issue, and additional flight delays were expected into the evening, the airline said. An alert on the Federal Aviation Administration website said all United flights destined for Chicago were halted at their departing airports. The agency said...
Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
WASHINGTON — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. “We’ll be putting a tariff on of approximately 100% on chips and semiconductors,” Trump said...
Consumers, long worried about the economy, now acting on concerns
Natalie Slinger’s growing family could use a bigger house and a second car. Right now, both feel out of reach. Slinger and her husband have one child in day care, which costs as much as their mortgage. They rarely eat out and limit their travel to camping. Their second child,...
‘We’re trying to disrupt an industry’: Mark Cuban touts pharmacy deal with Giant EagleVideo
Mark Cuban, the billionaire and Western Pennsylvania native now knee-deep in the pharmaceutical industry, offered strong words Wednesday toward the pharmacy benefit managers some say are bleeding drugstores dry. “Get rid of them,” Cuban said at Market District in Robinson after announcing a partnership between his company, Cost Plus Drugs,...
John Dorfman: A 12-stock Sane Portfolio for crazy times
In today’s higher-tariff world, where political and geopolitical clashes are harsh, you might want to take your stock portfolio’s risk level down a notch. Perhaps the Sane Portfolio can be of some help. This is a theoretical portfolio, intended to be slightly on the low-risk side of the risk spectrum....
Claire’s, known for piercing millions of teens ears, files for Chapter 11, 2nd time since 2018
NEW YORK — Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and...
Trump will highlight Apple’s plans to invest $100B more in U.S., raising total to $600B
WASHINGTON — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore...
WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says
WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company Meta said this week. The account deletions, which Meta said took place over the first six months of the year, arrive as part of wider company efforts...
Giant Eagle partners with billionaire Mark Cuban to slash some drug prices
Billionaire Mark Cuban’s drug company has partnered with Giant Eagle pharmacies to make certain medications more affordable. As of Friday, customers across Giant Eagle’s five-state pharmacy network may be able to fill their prescriptions for less money through Cost Plus Drug’s Team Cuban Card. The company buys drugs directly from...
Tesla awards CEO Elon Musk millions of shares valued at about $29 billion
Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales, profits and its stock price. In giving its billionaire CEO 96 million in restricted shares, the...
Sewickley’s Spoiled Chics closing at end of August
Saying goodbye is never easy. Cora DeLoia stood in the doorway of her Sewickley boutique and reminisced about everything she will miss about Spoiled Chics, which is closing at the end of August. Since 2003, it’s been a staple in the heart of Sewickley on Beaver Street. “Through this door...
Boeing workers who build fighter jets plan to go on strike
NEW YORK — Boeing workers who build fighter jets are planning to go on strike Monday at midnight Central Daylight Time. About 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of...
Trump’s former jobs data chief decries firing of his successorVideo
President Donald Trump’s firing of the chief labor statistician was criticized by her predecessor, who called it an unfounded move that will undermine confidence in a key data set on the U.S. economy. “This is damaging,” William Beach, whom Trump picked in his first term to head the Bureau of...
Jury orders Tesla to pay more than $240 million in Autopilot crash case
MIAMI — A Miami jury decided that Elon Musk’s car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $240 million in damages. The federal jury held that Tesla bore significant responsibility because its technology...
Google loses appeal in antitrust battle with Fortnite maker
SAN FRANCISCO — A federal appeals court has upheld a jury verdict condemning Google’s Android app store as an illegal monopoly, clearing the way for a federal judge to enforce a potentially disruptive shakeup that’s designed to give consumers more choices. The unanimous ruling issued Thursday by the Ninth Circuit...
U.S. employers added 73,000 jobs last month as labor market weakens in face of Trump trade wars
WASHINGTON — U.S. employers added just 73,000 jobs last month and Labor Department revisions showed that hiring was much weaker than previously reported in May and June. The unemployment rate ticked up to 4.2%. The unexpectedly weak report raises questions about the health of the job market and the economy...
BMW of Sewickley under new ownership
BMW of Sewickley has a new owner who is no stranger to the automotive industry. Taso Theodorou started selling cars as a teenager in Chicago, and said the journey to Western Pennsylvania has been a smooth one. “I’ve had a little bit of time to get out there and go...
Trump calls on the Federal Reserve board to take full control of the central bank from Powell
WASHINGTON — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates. Posting on his Truth Social platform, Trump called Powell “stubborn.” The Fed...
Trump’s new tariffs give some countries a break, while shares and U.S. dollar sink
BANGKOK — U.S. President Donald Trump’s new tariff rates of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April. Others expressed disappointment or frustration over running...
American Eagle’s new ad with Sydney Sweeney faces backlash
American Eagle Outfitters, Inc., a clothing and apparel retailer headquartered in South Side, has gone viral over the past few days for a controversial denim campaign starring actress Sydney Sweeney. The campaign’s tagline “Sydney Sweeney has great jeans” sparked backlash. Some have accused the clothing company of making nods to...
