Business category, Page 20

WASHINGTON — Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy. New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor...

TOKYO — Throngs of gamers stood in long lines outside of stores hours before they opened Thursday from Tokyo to New York City in hopes of snaring a long-awaited Nintendo Switch 2 video game console. Enthusiasts have been clamoring for an upgrade to Nintendo’s eight-year-old predecessor for years. Nintendo, which...

Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers are growing anxious about the economy. The job cuts, announced...

Real estate trusts for Walmart and Sam’s Club are suing the owners of the beleaguered Pittsburgh Mills mall in Frazer, alleging they have failed to maintain the roads there despite being contractually obligated to do so. The lawsuit, filed Wednesday in U.S. District Court of Western Pennsylvania, asks the court...

About 14 months ago, I wrote a column about gold. “I don’t think gold is an investment for all seasons,” I wrote, “but right now, I think it’s sensible to hold some.” That turned out to be right. Gold is up about 51% since I made that recommendation, including a...

NEW YORK — President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Foreign-made steel and aluminum is...

NEW YORK — President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers. Foreign-made steel and aluminum is used...

UPMC is off to a strong financial start in 2025, with both its health care and insurance services in the black last quarter for a total operating income of $237 million. The health care network made $142 million, while the insurance side — a drag on many recent quarterly reports...

WASHINGTON — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced Tuesday is just...

WASHINGTON — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had...

Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty. The U.S. economy shrank at a 0.2% annual pace from January through March, the first...

Dave’s Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave’s Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end...

HARRISBURG — The Department of Energy has ordered another power plant, this time an oil and gas plant in Pennsylvania, to keep its turbines running through the hottest summer months as a precaution against electricity shortfalls in the 13-state mid-Atlantic grid. The department’s order to the grid operator, PJM Interconnection,...

Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federal lawsuit filed Tuesday in Illinois, Chicago-based Mondelez said Aldi’s packaging was “likely to deceive and confuse...

The Sewickley Valley Chamber of Commerce is in a new era. The chamber is looking to broaden and strengthen its network by reinventing itself as a hub for business growth and community success, according to its new board of directors. “Local businesses now have a powerful new advocate with the...

WASHINGTON — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in...

WASHINGTON — The Trump administration is adding four essay questions to applications for civil service jobs, asking applicants about their favorite executive orders and their commitment to government efficiency. The essay requirements apply even to relatively lower-level jobs starting at the GS-5 pay scale or above — positions that can...

NEW YORK — Businesses rattled by President Donald Trump’s on again, off again tariffs absorbed more jolts on Thursday after a U.S. appeals court temporarily blocked a federal court order that would have halted most of his taxes on foreign imports. A three-judge panel of the U.S. Court of International...

Nakama Japanese Steakhouse and Sushi Bar on East Carson Street on Pittsburgh’s South Side appears to be closed for good. Rich Cupka, owner of Cupka’s Cafe 2, which is also on East Carson Street, confirmed the news to TribLive on Thursday. Cupka said he was outside of Nakama on Tuesday...

WASHINGTON — A federal appeals court on Thursday allowed President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration appeals an order striking down the bulk of his signature set of economic policies. The Court of Appeals for the Federal Circuit granted an...

Highmark Health brought in more money than it lost in the first quarter of 2025, but just barely. Financial results released Thursday show the health care and insurance provider made $15 million in operating income on $8 billion in revenue between January and March. The success, to some extent, was...

Giant Eagle will take over pharmacy prescriptions from 78 Rite Aid stores that are closing across Pennsylvania and Ohio, the supermarket chain announced Thursday. Rite Aid filed for Chapter 11 bankruptcy protection earlier this month. According to Giant Eagle, transferred prescriptions will go to locations most convenient for affected customers....

NEW YORK — Victoria’s Secret has taken down its U.S. website and says some in-store services will also be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place of the popular lingerie brand’s normal shopping site Thursday, stating that the Ohio-based company had halted...

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers. The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.03%. Borrowing...