Business category, Page 49

WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Yet most mainstream economists say Trump’s...

When it comes to inflation, the real estate market is a bit of a different animal, according to experts. “Real estate is a very unique marketplace, and it’s driven very much by supply and demand,” said John Petrack, executive vice president for the Realtors Association of Metropolitan Pittsburgh, who’s been...

With top-notch universities, a plethora of tech companies and support from local and state leaders, Pittsburgh is at the forefront of innovations in artificial intelligence, industry experts said Monday during an artificial intelligence summit in the city’s East End. Artificial intelligence is becoming increasingly prevalent in daily life, bringing conveniences,...

Back in 2016, a scientific research organization incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the Internal Revenue Services. Called OpenAI, the nonprofit told the IRS its goal was to “advance digital intelligence in the way that is most...

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday the job cuts...

The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high prices and a limited supply of houses for sale. The rate ticked up from 6.12% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate...

WASHINGTON — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of-living adjustment, or COLA, for retirees translates to an average increase of more than $50 for retirees every month, agency officials said. About...

The number of Americans filing for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene — and the Boeing machinist strike — than a broader softening in the labor market. The Labor Department reported Thursday...

WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September from a year...

WASHINGTON — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she’ll receive in January “won’t make a dent” in helping her meet her day-to-day expenses. “Inflation has eaten up my savings,” she said. “I don’t have anything to fall back on — the...

NEW YORK — More than a dozen states and the District of Columbia have filed lawsuits against TikTok on Tuesday, alleging the popular short-form video app is harming youth mental health by designing its platform to be addictive to kids. The lawsuits stem from a national investigation into TikTok, which...

A former WWE employee who filed a lawsuit against the company and ex-leader Vince McMahon, accusing him of sexual battery and trafficking, is asking them to not enforce nondisclosure agreements with other former and current employees and contractors so they can potentially come forward with similar accusations. A lawyer for...

“I can only buy on train wrecks,” famed money manager John Neff once said. Neff’s lament was that his fund (the Windsor Fund) had grown so large that he normally couldn’t buy a stock without pushing the price up. Accordingly, he felt that he could only buy on bad news....

Amazon and United Parcel Service Inc. each want to hire about 2,000 workers in advance of the holiday shopping season for its distribution centers in Western Pennsylvania, the companies said this week. Workers looking for full-time and part-time seasonal jobs with the competing major shipping and delivery companies can earn...

WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support steady hiring and a growing economy. Last month’s hiring gain was up sharply from the 159,000 jobs that were added in August, and the...

DETROIT — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately. The temporary end to...

WASHINGTON — The IRS is expanding its program that allows people to file their taxes directly with the agency for free. The federal tax collector’s Direct File program, which allows taxpayers to calculate and submit their returns to the government directly without using commercial tax preparation software, will be open...

Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon said Thursday it will hire 250,000 full, part-time and seasonal workers for the crucial shopping...

Tesla is recalling more than 27,000 Cybertrucks because the rearview camera image may not activate immediately after shifting into reverse, the fifth recall for the vehicle since it went on sale late last year. Tesla has released a free software upgrade to address the issue and owner notification letters are...

NEW YORK — Much like those annoying political TV ads, the warnings come back every four years: All the uncertainty around the U.S. presidential election could have big consequences for your 401(k)! Such warnings can raise anxiety, but remember: If your 401(k) is like many retirement savers’, with most invested...

NEW YORK — The massive port workers’ strike that has crippled all the major dockyards on the Eastern seaboard of the U.S. is highlighting a fear held by many workers: Eventually, we will all be replaced by machines. The International Longshoremen’s Association, which represents the approximately 45,000 dock workers who...

Donald Trump’s World Liberty Financial decentralized finance project has started to sign up users even though it remains unclear what services the crypto platform will offer. The project backed by the former president is now accepting accredited U.S. investors and non-U.S. persons, according to posts Monday on the social networks...

CNN has long had one of the most visited news websites in the world. Starting Tuesday, users are going to have to pay for it. The Warner Bros. Discovery-owned news operation is putting a paywall on CNN.com, requiring U.S. users to pay $3.99 for access or a discounted rate of...