Business category, Page 39
Self-professed ‘DOGE person’ Frank Bisignano gets his confirmation hearing to lead Social Security
WASHINGTON — Frank Bisignano, a self-professed “DOGE person,” faces questions about whether the Trump administration plans to privatize Social Security as he appears before the Senate Finance Committee on Tuesday for his hearing to serve as commissioner of the Social Security Administration. Bisignano, a Wall Street veteran and one-time defender...
Consumer confidence is sliding as Americans’ view of their financial futures slumps to a 12-year low
WASHINGTON — U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight...
Judge orders Post-Gazette to restore health care, resume bargaining with striking workers
A federal appeals court Monday ordered the Pittsburgh Post-Gazette to restore health care benefits to its striking journalists and to resume bargaining. It marked the latest development in the longest newspaper strike in the digital age. The strike started in October 2022. The last contract between the company and its...
Some Rite Aid shelves remain bare even post-bankruptcy. Experts explain why that may be
PHILADELPHIA — Constance “Conni” Billé can walk to the Germantown Rite Aid store. But she’s stopped going there regularly, opting instead to drive 20 minutes to a CVS store in Chestnut Hill. Rite Aid’s shelves became so bare in recent years, Billé said, that it’s seldom worth the trip. Often,...
23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resignsVideo
NEW YORK — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved...
Tax season is a prime time for scams. IRS uncertainty could add to the issues this year
NEW YORK — There’s a lot of information (and money) on the table during tax season. That also makes it a prime time for scams. Year-round, fraudsters may use a handful of common tactics to try to steal your identity, money or other sensitive information. As you prepare your annual...
Duquesne beer: ‘Prince of Pilseners’ will return to shelves this spring
An iconic Pittsburgh beer, Duquesne — with its “Prince of Pilseners” logo — has popped up again. Bill Clevenger, whose grandmother sold Duquesne beer through her distributorship in his native McConnellsburg in Fulton County, has revived the Pittsburgh beer that had been dormant since 2021. “I’m keeping the tradition and...
Johnson & Johnson plans $55 billion in U.S. investments over the next 4 years
Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants. A number of companies have highlighted investments in the U.S. in recent months, a focus of Trump administration. Johnson & Johnson said Friday that it...
Latrobe teen stirs up success in culinary competition
Asher Jaffre is no slouch in the kitchen, and he comes by it honestly. His parents own two — soon to be three — Jaffre’s restaurants in Westmoreland County. “My dad got me into cooking,” said Jaffre, 17, of Latrobe. “I used to help him bread zucchini when I was...
In the rapidly shifting world of work, many employees are unclear what’s expected of them
NEW YORK — When Nikelle Inman started a new job coaching first-generation college students, she looked forward to meeting with them one-on-one to talk about how to surmount obstacles and find resources to succeed. Instead, she and her fellow success coaches at a community college in North Carolina spent a...
U.S. home sales rose in February as mortgage rates eased and more homes put up for sale
LOS ANGELES — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said...
Trump’s 200% tariff threat would be ‘a real disaster’ for Europe’s wine industry
CHAMPAGNE, France — Across wine country in France, Italy and Spain one number is top of mind: 200%. That’s because last week U.S. President Donald Trump threatened a tariff of that amount on European wine, Champagne and other spirits if the European Union went ahead with retaliatory tariffs on some...
Monroeville mayor optimistic about mall’s future
In his eighth and final year as mayor of Monroeville, Nick Gresock is optimistic about the changes in store for the community’s retail corridor. Gresock discussed some of the recent developments at March’s Monroeville Rotary meeting, held at the community library. Community members praised Gresock for helping to save the...
Ben & Jerry’s alleges parent company Unilever removed its CEO over social activism
Ben & Jerry’s says its CEO was unlawfully removed by its parent company, Unilever, in retaliation for the ice cream maker’s social and political activism. In a federal court filing late Tuesday, Ben & Jerry’s said Unilever informed its board on March 3 that it was removing and replacing Ben...
Kennywood, Idlewild sale likely surpassed $500M as Dollywood owner augments holdings
Hello, Dolly! American beauty Dolly Parton is certainly aware the company that owns Dollywood in Pigeon Forge, Tenn., is the new owner of the iconic Kennywood Park in West Mifflin, Sandcastle in West Homestead and Idlewild & SoakZone in Ligonier Township, an industry insider told TribLive Wednesday. “She’s aware of...
Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House
SEATTLE — Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms. Attacks on property carrying the logo of Elon Musk’s electric-car company are cropping up across the U.S. and overseas. While no injuries have been reported, Tesla showrooms, vehicle lots, charging stations and privately owned cars have been...
Sewickley Yarns instills a creative vibe for the knit and crochet community
From the boldest reds, oranges and yellows to vibrant shades of greens, pinks and purples and some pastels and neutrals, too, the shelves at Sewickley Yarns are filled. For those who knit or crochet, pretty much whatever they can envision, the Beaver Street shop has the supplies they’ll need to...
PepsiCo buys prebiotic soda brand Poppi to gain foothold in functional drinks
PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and...
John Dorfman: On Nasdaq, less-famous stocks look intriguing
The Nasdaq Stock Market led the way up in the great rally of the past two years. Now it’s leading the way down. Nasdaq is home to most big technology stocks and many small stocks. The Nasdaq Composite Total Return Index gained more than 44% in 2023 and more than...
‘Stagflation’ risk puts Federal Reserve in tricky spot as it meets this week
WASHINGTON — When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. The economy had just grown at a solid pace in last year’s final quarter. And inflation, while stubborn, had fallen sharply from its peak more than two years ago. What a difference...
U.S. shoppers modestly increased spending in February as concerns rise about economic outlook
WASHINGTON — U.S. shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are spending more cautiously as concerns about the direction of the economy mount. Retail sales rose just 0.2% in February, a small rebound after a sharp drop...
Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will...
Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You’ll be paying more to do so. The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are...
Country’s largest screen manufacturer acquires Murrysville’s FlexScreen
A genuine, made-for-TV success story that began in a Plum garage continues to play out in Western Pennsylvania. Murrysville company FlexScreen — manufacturer of the world’s first flexible, easy-to-remove-and-install window screen — is being purchased by Pennsylvania-based RiteScreen, the country’s largest maker of door and window screens. The sale price...
Vance hopeful ‘high-level’ TikTok deal will be completed by early April
Vice President JD Vance said Friday he is hopeful a deal to keep TikTok operating in the U.S. will be wrapped up by the early April deadline. “There will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct American...
