Business category, Page 2
Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks
NEW YORK — Senate Democrats plan to force several votes on the Trump administration’s dismantling of the Consumer Financial Protection Bureau, a maneuver aimed at making vulnerable Republicans take politically difficult votes in an election year. The plan to hold the votes Wednesday, shared exclusively with The Associated Press, is...
What a gas tax suspension could mean for drivers and the prices they see at the pump
NEW YORK — As steep fuel prices strain household budgets during the war with Iran, U.S. President Donald Trump wants to suspend his government’s tax on gasoline. It’s a move Trump can’t do on his own — and the president has yet to specify how long he’d like such pause...
John Dorfman: 3-Stock Derby winner sold top pick too soon
A nurse from North Carolina beat 41 other contestants to take first place in my annual stock-picking contest, Dorfman’s Three-Stock Derby. Heather Fisher, a nurse in Chapel Hill, won primarily because of a huge gain in Aehr Test Systems (AEHR). It rose 849%, helping her achieve an average return of...
Allegheny County Council approves new regulations for Clairton Coke Works
The Allegheny County Council voted unanimously on Tuesday to drastically decrease the allowable amount of emissions from the Clairton Coke Works plant, one of the final reforms agreed to following the 2018 plant explosion that triggered an air quality lawsuit. The revisions, recommended by the Allegheny County Health Department (ACHD),...
Giant Eagle offers gas discount deal amid surging prices
Giant Eagle in partnership with GetGo announced additional chances to save on fuel through its loyalty program, as gasoline prices continue to rise. Under the limited-time myPerks offer, customers can receive 50 cents off per gallon at GetGo for every $100 spent in qualifying transactions at Giant Eagle and Market...
OpenAI chief Sam Altman makes a high-stakes appearance in his court bout with Elon Musk
OAKLAND, Calif. — OpenAI CEO Sam Altman took the witness stand Tuesday to defend his business record in a trial pitting him against Elon Musk, rebutting testimony that disparaged his leadership at a pivotal time for the ChatGPT maker. Musk, the world’s richest man, is seeking Altman’s ouster from the...
7 Brew coffee shop on the way in Harrison
One day after Harvest Moon Coffee and Chocolates in Harrison announced it would reinvent itself as an event space, construction started just down the road on a new spot for people to caffeinate. Demolition on property at 1421-1425 Freeport Road began Monday to make room for 7 Brew, a drive-through...
Pittsburgh Downtown Partnership hopes NFL Draft momentum bolsters retail market
The 2026 NFL Draft sparked a flurry of activity in Pittsburgh, as art installations spruced up empty storefronts, pop-up businesses filled Downtown spaces and crews cleared litter and scrubbed graffiti so the city would look its best. Pittsburgh Downtown Partnership President Jeremy Waldrup on Tuesday said he hopes to build...
Iran war hits home as gasoline prices fuel inflation surge of 3.8% in the U.S.
WASHINGTON — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. The Labor Department’s consumer price index rose 3.8% from April 2025, the biggest jump in three years, and up from a 3.3% year-over-year gain in...
Musk, Cook and other prominent U.S. execs invited to join Trump on trip to China
Prominent U.S. executives from Big Tech to agriculture have been invited to join President Donald Trump on his trip to China this week, according to a White House official. Trumpleaves on Tuesday for Beijing to meet with President Xi Jinping. Aside from discussions about Iran, the two leaders are expected...
Slumping AI stocks and rising oil prices halt Wall Street’s record-breaking run
Rising oil prices and a sudden halt for technology stocks are slowing Wall Street’s record-breaking run on Tuesday. The S&P 500 dipped 0.4% from its all-time high set the day before. The Dow Jones Industrial Average was down 185 points, or 0.4%, as of 9:35 a.m. Eastern time, and the...
Amazon looks to redefine a need for speed with 30-minute deliveries
NEW YORK — More than 20 years after it redefined fast shipping, Amazon is preparing to raise the bar on consumer expectations again by offering to fulfill customers’ most urgent product needs in a half-hour or less for an extra fee. The company, which revolutionized online shopping in 2005 with...
Oil prices rise as the Iran war drags on, but stocks inch to more records
NEW YORK — Oil prices rose Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market nevertheless inched toward more records. The price for a barrel of Brent crude oil climbed 2.9% to settle at $104.21 after President Donald Trump said the U.S.-Iran...
U.S. home sales flat in April as lackluster spring homebuying season lurches forward
Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year. Existing home sales edged up 0.2% last month from March to a seasonally adjusted annual rate of 4.02 million units, the National Association...
Older Americans say it’s a good time to find a job. Younger people aren’t buying it, new poll finds
For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders remain more...
Harvest Moon Coffee reimagines space at Heights Plaza
With the closings of major anchor stores at Heights Plaza in Harrison and the loss of traffic, the owner of Harvest Moon Coffee & Chocolates has chosen to reimagine the second location she opened there under three years ago. Desiree Singleton announced Sunday that her Heights Plaza cafe on Union...
Pittsburgh-area pharmacies cling to razor-thin margins as reforms trickle in
Running two drugstores is a break-even endeavor for Primary Care Pharmacy Services owner Anthony Bertola, as long as he barely pays himself. There’s little he can do to improve his margins — he’s at the mercy of a small number of companies that oversee prescription drug benefits. Pharmacies buy their...
Proposed Sheetz in Banksville faces scrutiny over gas station rulesVideo
Is Sheetz more of a gas station or convenience store? The answer could decide whether the Altoona-based chain expands into Pittsburgh city limits. Sheetz is proposing to demolish a vacant Rite Aid in Pittsburgh’s Banksville neighborhood and replace it with a roughly 5,000-square-foot convenience store and five multi-pump fuel dispensers....
Japanese video-game maker Nintendo raises Switch price, forecasts lower profits
TOKYO — Nintendo’s annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software, the company announced Friday. The Japanese video-game company behind the Super Mario and Pokemon franchises also announced it was raising prices, citing challenging business conditions. It recorded...
Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court
WASHINGTON — A federal court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court. A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued. The...
Trump administration considers tapping oil under military bases to refill reserve
WASHINGTON — The Trump administration is studying using oil under land at U.S. military bases and other Department of Defense sites to help refill the nation’s depleted emergency reserves, according to a person familiar with the matter. No decision has been made on the possible initiative, said the person who...
Sen. Dave McCormick wants to streamline permitting process for energy projects
Beaver County’s tiny Shippingport, home to about 150 people, is positioned to become a center of Western Pennsylvania’s energy and AI boom. At the turn of the decade, that would have seemed unimaginable. The former coal-fired Bruce Mansfield Power Plant had recently closed, and plans were in the works to...
IRS may owe you a refund for coronavirus-era fines. Here’s how to apply
WASHINGTON — Tens of millions of taxpayers who were penalized by the IRS during the coronavirus pandemic for failing to pay their taxes or filing late may qualify for a refund or termination of the penalties they incurred during that period. However, the relief is not automatic or guaranteed, and...
Some iPhone owners could get up to $95 payment after Apple agrees to settle case for $250 million
LONDON — Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities. Apple trumpeted new AI features for its virtual assistant...
Global shares advance and oil prices slip as hopes grow for ending war with Iran
TOKYO — Global shares mostly gained on Wednesday and oil prices fell as hopes rose for progress in ending the war with Iran. France’s CAC 40 added 1.6% to 8,192.68, while the Germany DAX rose 1.5% to 24,767.57. Britain’s FTSE 100 surged 1.9% to 10,408.98. U.S. futures gained 0.6%. News...
