Business category, Page 32
Conservative news network Newsmax files antitrust lawsuit against Fox News
NEW YORK — The conservative news network Newsmax filed an antitrust lawsuit against Fox News on Wednesday, saying Fox has sought to maintain its market dominance through intimidation and exclusionary business practices designed to stifle competition. Fox has sought to block television distributors from carrying Newsmax or minimize its exposure,...
U.S. job openings slip to 7.2 million in July, more evidence the American labor market is cooling
WASHINGTON — U.S. employers posted 7.2 million job vacancies in July as the American labor market continues to cool. The Labor Department reported Wednesday that job openings fell from 7.4 million in June and came in modestly below what economists had forecast. The Job Openings and Labor Turnover Survey (JOLTS)...
What is phantom energy? The hidden electricity drain explained
The lights are off, the house is quiet and nothing seems to be running. But electricity is silently flowing through the plugs in your home. This hidden drain is known as phantom energy. Also called vampire energy, the wasted electricity comes from leaving devices plugged in when they’re not in...
Trump to ask Supreme Court for expedited ruling on tariffsVideo
WASHINGTON — President Donald Trump said his administration would ask the Supreme Court for an expedited ruling in hopes of overturning a federal court decision that many of his tariffs were illegally imposed, arguing it is essential to keep his trade policy intact. Trump told reporters that the U.S. would...
John Dorfman: Value stocks showed some life in August: 5 to consider
Maybe, just maybe, the moment that value investors have been waiting for has arrived. In August, value stocks were up more than 3%, while growth stocks returned a little over 1%. The value revival, if it’s real, has been a long time coming. Growth has outperformed value in eight of...
Google avoids breakup in search monopoly case, but judge orders other changes in landmark ruling
SAN FRANCISCO — A federal judge on Tuesday ordered a shake-up of Google’s search engine in a crackdown aimed at curbing the corrosive power of an illegal monopoly while rebuffing the U.S. government’s attempt to break up the company and impose other restraints. The 226-page decision made by U.S. District...
4 rules for cash: How to manage your money the smart way
Let’s talk about cash. It might not be the most exciting part of your portfolio, but it’s absolutely essential. I often find that people either hold too much cash or not nearly enough. Here are four essential rules for effective cash management, from building the right emergency fund to knowing...
Kraft Heinz says no plans to ditch Pittsburgh while undergoing corporate breakup
At least some part of Kraft Heinz will stay in Pittsburgh as the processed food conglomerate divides its brands into two new companies. Kraft Heinz said Tuesday while announcing the split it has no plans to move its co-headquarters in Pittsburgh and Chicago. That’s about all the company offered on...
Stocks sink under the weight of rising pressure from bond marketVideo
NEW YORK — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points,...
Anna Wintour taps Chloe Malle as Vogue successor — but she’s still in charge
NEW YORK — Anna Wintour ended weeks of fashion-world speculation Tuesday when she named Chloe Malle her successor as head of editorial content at Vogue — but the most powerful person in the business isn’t going anywhere. Wintour, 75, remains chief content officer for Condé Nast and global editorial director...
Coming price cuts at McDonald’s may signal a broader fast food price war
McDonald’s is cutting prices on some combo meals to woo back customers who’ve been turned off by the rising costs of grabbing a fast food meal. The price drop may induce its rivals, who have run into some of the same pricing issues, to follow. Starting Sept. 8, McDonald’s will...
Kraft Heinz splits — undoing blockbuster merger after a decade of changing tastes
NEW YORK — Kraft Heinz is splitting into two companies a decade after a merger of the brands created one of the biggest food manufacturers on the planet. One of the companies, currently called Global Taste Elevation Co., will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac...
How a West Deer company is helping kids with autism and sensory needs through play
Sometimes, you just fall in love with a place. And that, sort of, is how West Deer became home to an international company’s only U.S. location. Not widely-known to many in the community, TFH Special Needs Toys is a transatlantic company producing toys and other gadgets that make life better...
1.2M immigrants are gone from the U.S. labor force under Trump, preliminary data shows
It’s tomato season and Lidia is harvesting on farms in California’s Central Valley. She is also anxious. Attention from U.S. Immigration Control and Enforcement could upend her life more than 23 years after she illegally crossed the U.S.-Mexico border as a teenager. “The worry is they’ll pull you over when...
How the Fed losing its independence could affect Americans’ everyday lives
WASHINGTON — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if...
Dorfman: Comcast, Allstate look good on price-to-cash flow ratio
“It’s my way or the highway.” That’s the attitude of some investment professionals toward stock-selection methods that differ from their own. If astronomers had a narrow view like that, they might spot Jupiter but miss the beautiful rings of Saturn. The price-to-cash flow ratio isn’t my favorite measure, but I...
Spirit Airlines files for bankruptcy protection again
Budget carrier Spirit Airlines said Friday it has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The no-frills airline said it intends to conduct business as normal during the restructuring process, meaning passengers can continue to book trips and use their tickets, credits and loyalty...
Cracker Barrel quietly deletes Pride page, drops DEI references from website
Cracker Barrel has quietly deleted a Pride page and removed references to Diversity, Equity, Inclusion and Belonging employee resource groups from its website. The changes, first reported by CNN, follow a highly publicized decision by the Tennessee-based restaurant chain to scrap a new logo after pressure from right-wing groups. Until...
AI Apocalypse? Why language surrounding tech is sounding increasingly religious
TORONTO — At 77 years old, Geoffrey Hinton has a new calling in life. Like a modern-day prophet, the Nobel Prize winner is raising alarms about the dangers of uncontrolled and unregulated artificial intelligence. Frequently dubbed the “Godfather of AI,” Hinton is known for his pioneering work on deep learning...
Key U.S. inflation gauge holds mostly steady though core inflation ticks higher
WASHINGTON — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. Excluding the...
U.S. applications for jobless benefits fell last week as layoffs remain low
WASHINGTON — Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed. Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday. Measures of the job market are being...
YouTube TV reaches ‘short-term extension’ in dispute with Fox, warding off immediate disruptions
NEW YORK — YouTube TV says it’s reached a “short-term extension” in its contract dispute with Fox, meaning subscribers of the Google-owned streamer won’t see immediate disruptions of Fox channels on the platform. The current carriage agreement between YouTube TV and Fox originally faced a Wednesday afternoon deadline — with...
Sweet revival: Iconic Clark Candies gets a refresh in Tarentum
Brett Luedde says he’s in the business of happiness. The Highland Park native and his wife, Tera, have taken the reins at Clark Candies, a Tarentum institution churning out chocolates since 1937. The East First Avenue factory was founded by Tera’s grandfather and great- uncles, and run for many years by...
U.S. tariffs take effect on India, threatening $48.2B in exports
NEW DELHI — Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a big blow to India’s overseas trade in its largest export market. President Donald Trump had initially announced a 25% tariff on Indian goods. But earlier this month he signed an executive order imposing...
Cracker Barrel relents, says its old logo will return
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize. In a post on its website, Cracker Barrel said it will retain its old logo, which features an older man in overalls sitting next to...
