Business category, Page 30
Tesla’s monthly sales in Europe plunge by half, signaling backlash against Musk runs deep
LONDON — Tesla sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to data released Tuesday. The numbers are the latest indication of how much the Tesla brand is suffering because of the backlash against billionaire CEO Elon Musk...
Report: EPA wants to end greenhouse gas limits on power plantsVideo
The Environmental Protection Agency has drafted plans to remove limits on greenhouse gases from fossil fuel-fired power plants in the United States, the New York Times reported, citing internal agency documents. The draft was sent to the White House for review on May 2 and could be changed before its...
Molson Coors and Cigna Head My “Do Nothing” Stock List
You probably wouldn’t bet on a horse that usually finishes in the middle of the pack. But, in the stock market, sometimes that’s a good idea. Once a year, I write about my “Do Nothing Club,” a group of stocks that linger near their prices from a year ago but...
Venezuelan workers at Disney put on leave from jobs after losing protective status
ORLANDO, Fla. — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections. The move was made to make sure that the employees were not in violation of...
National security panel split on risks of U.S. Steel deal — again
The Committee on Foreign Investment in the United States (CFIUS) remains divided on whether U.S. Steel’s proposed sale to Tokyo-based Nippon Steel presents a national security risk, but most panel members think there’s a path forward for the deal. Reuters broke the news Thursday, citing an anonymous White House official....
Macy’s recalls thousands of infant pajamas over potential elastic hazard
Macy’s announced they are recalling About 16,300 of their infant pajamas due to a potential hazard. According to the Consumer Product Safety Commission, the department store chain is recalling its Holiday Lane Infant Footed Pajamas because the elastic on the pajamas’ ankles can be too tight and restrict blood circulation....
Trump threatens 50% tariffs on EU and 25% penalties on Apple as his trade war intensifies
WASHINGTON — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America. The threats, delivered over social media, reflect Trump’s ability to disrupt the global economy with a burst of...
Average rate on U.S. 30-year mortgage rises to 6.86%, its highest level since mid-February
The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season. The rate increased to 6.86% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A...
2 major newspapers unknowingly publish AI book list with imaginary book titles
An AI-generated book list with imaginary book titles and nonexistent plots was published by two renowned newspapers — the Chicago Sun-Times and the Philadelphia Inquirer. The articles were published in the papers’ “Heat Index” special sections, a multipage insert filled with tips, advice and articles on summertime activities, The Washington...
Bitcoin hits new price highs as crypto industry scores wins
Bitcoin hit a new all-time high as the world’s most popular cryptocurrency reached price levels not seen since President Donald Trump’s inauguration. The digital asset traded above $109,400 Wednesday morning, a huge increase from recent lows of about $75,000 last month. Several other cryptocurrencies have seen similar large gains in...
Target sales drop in 1st quarter and retailer warns they will slip for all of 2025
NEW YORK — Sales at Target fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending. Target also said that customer boycotts have also...
Levi unloads Dockers to focus on core denim business
Levi Strauss & Co. is shedding its Dockers khakis from its corporate closet to focus on what it does best, for what seems like forever: Blue jeans. The 172-year-old San Francisco-based clothier is selling its Dockers line to Authentic Brands Group for $311 million. The price could surge to $391...
Nippon Steel boosts investment for proposed U.S. Steel deal
Nippon Steel Corp. has bolstered its pledge to invest in United States Steel Corp. in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover, according to people familiar with the matter. Nippon Steel is now offering to build a new steel mill, save existing steelworker...
Developer to resume New York offshore wind project after Trump administration lifts pause
The Trump administration is allowing work on a major offshore wind project for New York to resume. The developer, the Norwegian energy company Equinor, said Monday it was told by the federal Bureau of Ocean Energy Management that a stop-work order has been lifted for the Empire Wind project, allowing...
Stocks, bonds and the dollar drift after the latest downgrade to the U.S. government’s credit rating
NEW YORK — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after Moody’s...
CBS News CEO Wendy McMahon quits as potential Trump lawsuit settlement looms
CBS News CEO Wendy McMahon said Monday that she is resigning after four years, the latest fallout at the network as its parent company considers settling a lawsuit with President Donald Trump over a “60 Minutes” interview with his former political opponent. McMahon, who has led both the network news...
Trump’s massive import taxes haven’t done much economic damage – yet
WASHINGTON — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes — tariffs — would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in...
New Jersey Transit train engineers reach tentative deal to end strike that halted NYC routes
NEWARK, N.J. — New Jersey Transit’s train engineers reached a tentative deal Sunday to end their three-day strike that had halted service for some 100,000 daily riders, including routes to Newark airport and across the Hudson River to New York City. The union said its members would return to work...
Trump’s tariffs may mean Walmart shoppers pay more, his treasury chief acknowledgesVideo
WASHINGTON — Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices. Bessent described his call with the company’s CEO a day after Trump warned Walmart to avoid raising prices...
Hempfield Big Lots store among locations in Western Pennsylvania slated to reopen
A few former Big Lots stores in the region are preparing for a rebirth under the same name. Locations in Hempfield, Ross, Penn Hills, Washington, Indiana, Rochester and Johnstown are on a list of 11 stores statewide reopening June 5 after their assets were transferred to a North Carolina-based discount...
Idlewild & SoakZone improves coasters, adds ice cream treat, welcomes duck for 148th season
A familiar ride with a fresh look will greet fans of coaster thrills when Idlewild Park opens for its 148th season on Saturday. And next month, the Ligonier Township amusement park will gain an added attraction with the arrival of the World’s Largest Rubber Duck. Park visitors this season will...
Here’s a story about the history of the Like button that you might like
SAN FRANCISCO — The internet wouldn’t be the same without the Like button, the thumbs-up icon that Facebook and other online services turned into digital catnip. Like it or not, the button has served as a creative catalyst, a dopamine delivery system and an emotional battering ram. It also became...
As Rite Aid collapses, customers and other pharmacies bear the impact
It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her prescriptions at the company’s Harrison location since the 2000s. But now the Philadelphia-based pharmacy empire is crumbling. The company filed for Chapter 11 bankruptcy earlier this month, blaming “the...
Anchor Inn owners ready to retire, close Harrison favorite founded by their dad in 1953
Ask anyone from the Anchor Inn’s former “Wednesday Night Gang” what makes the Harrison restaurant and pub so special, and the answer is simple — good food, good people. “This town has been so supportive,” owner Joe Kolek said. “It’s been a great living and so much fun.” He and...
Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs
WASHINGTON — U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs. Sales at retail stores and restaurants rose just 0.1% in April from March, the Commerce Department said Thursday. That is much lower than the previous month’s...
