Business category, Page 93
Tensions simmer as newcomers and immigrants with deeper U.S. roots strive for work permits
HOMESTEAD, Fla. — In New York, migrants at a city-run shelter grumble that relatives who settled before them refuse to offer a bed. In Chicago, a provider of mental health services to people in the country illegally pivoted to new arrivals sleeping at a police station across the street. In...
New incentives could boost satisfaction with in-person work, but few employers are making changes
NEW YORK — Justin Ryan Horton has two jobs. When he’s not putting in 24-hour shifts as a firefighter, the 22-year-old is working as an administrative assistant for a local community college from his home in Colorado Springs. Firefighting is, of course, not a work-from-home kind of job. So when...
Cyber Monday marks the year’s biggest online shopping day, and 1 more chance to save on gifts
Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday — a term coined back in 2005...
Honda recalls select Accords and HR-Vs over missing piece in seat belt pretensioners
NEW YORK — Honda is recalling select 2023-2024 Accord and HR-V vehicles due to a missing piece in the front seat belt pretensioners, which could increase injury risks during a crash. According to notices published by Honda and the National Highway Safety Traffic Administration earlier this week, the pretensioners —...
Casey touts Senate legislation to improve coal miners’ access to black lung benefits
It’s been difficult for Tony Kodric to breathe since an injury a decade ago ended the Uniontown man’s 36-year career as a coal miner. He’s seen specialists, repeatedly measured the oxygen in his blood and battled coal companies. Despite Kodric’s efforts, the federal government won’t grant him monetary benefits for...
Retailers offer big deals for Black Friday, but will shoppers spend?
NEW YORK — Expect big discounts and other enticements to lure shoppers to stores for Black Friday. But retailers worry those may not be enough. Consumers are coming under pressure as their savings dwindle and their credit card debt grows. And although they have gotten some relief from easing inflation,...
More Americans are expected to ‘buy now, pay later’ for the holidays. Analysts see a growing risk
NEW YORK — Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells. The short-term loans often come with consumer-friendly interest rates and allow shoppers to make an initial...
U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency
WASHINGTON — The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates. The Labor Department reported Wednesday that jobless claims dropped by 24,000 to 209,000. The previous week’s total — 233,000 — had been the highest...
U.S. egg producers conspired to fix prices from 2004 to 2008, a federal jury ruled
INDIANAPOLIS — An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.’s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago. Several large food manufacturing companies including Kraft Foods Global, Inc. and...
Wall Street gains ground, led by travel-related companies
NEW YORK — Stocks rose on Wall Street Wednesday, led by big gains in travel-related companies as energy prices drop. The S&P 500 rose 0.5% and remains on track for a modest gain in a holiday-shortened week ahead of the Thanksgiving holiday in the U.S. The Dow Jones Industrial Average...
Holiday spending expected to grow as discounts, flexible spending plans heat up
The Casselberry family juggles a lot in December. One of their sons celebrates a birthday, and the holiday season kicks into full gear. Shopping at Walmart in Cranberry earlier this month, Josh and Riva Casselberry and their boys, Elliot, 4, and Sullivan, 2, took advantage of a break in their...
Western Pa. lawmakers call for increased service at locks and dams on Allegheny River
Western Pennsylvania’s congressional delegation is lobbying for increased maintenance and, in some cases, increased service levels for locks and dams on the Allegheny River. U.S. Reps. Guy Reschenthaler, R-Peters, Glenn “GT” Thompson, R-Centre County, and U.S. Sens. Bob Casey, D-Scranton, and John Fetterman, D-Braddock, sent a letter Monday to the...
UPMC reports $177M loss so far this year
Health care giant UPMC reported an operating loss of $177 million during the first nine months of the year, attributing the decrease to rising labor costs and supply markets, increases in medical claims as more patients accessed care, pharmaceutical expenses and legal settlements. The loss during the period that ended...
Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money launderingVideo
WASHINGTON — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. Zhao...
Millennial Money: How to set good money examples for kids
Kids notice everything, whether you think they’re paying attention or not. They repeat the curse words you blurt out when you step on a toy, and spill your embarrassing family secrets to their friends. From a surprisingly early age, the kids in your life also notice money: who has it,...
Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs soar
LOS ANGELES — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate...
Musk’s X sues liberal advocacy group Media Matters over its report on ads next to hate groups’ posts
Elon Musk’s social media company X filed a lawsuit against liberal advocacy group Media Matters for America on Monday, saying it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist posts in order to “drive advertisers from the platform and destroy X Corp.” Media Matters, a Washington,...
Key Fed official sees possible ‘golden path’ toward lower inflation without a recession
WASHINGTON — Austan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested Monday that the economy appears to be on what he calls the “golden path,” another term for what economists call a “soft landing,” in which the Fed would curb inflation without causing a deep recession. “Any time...
What’s open and closed on Thanksgiving this year?
The holiday season is here, which means spending time with family on Thanksgiving and also, for millions of people, hunting for the best deals on Black Friday. Thanksgiving is celebrated on the fourth Thursday in November each year, which takes place this week. A lot of national retailers are keeping...
Shippers anticipate being able to meet holiday demand
Carriers like the U.S. Postal Service, FedEx and United Parcel Service have capacity to meet projected demand this holiday season, which is cheery news for shippers and shoppers alike. Like last year, there’s expected to be little drama compared to struggles during the pandemic when people hunkered down at home...
Company that created ChatGPT is thrown into turmoil after Microsoft hires its ousted CEO
The company that created ChatGPT was thrown into turmoil Monday after Microsoft hired its ousted CEO and many more employees threatened to follow him in a conflict that centered in part on the safest way to build artificial intelligence. The developments followed a weekend of drama that shocked the AI...
John Dorfman: 5 stocks to loosen your belt for
Thanksgiving is a time to loosen your belt. That’s why, each year around Thanksgiving, I loosen my stock-valuation belt a little in this column, and suggest five stocks that look good to me even though they are a little more expensive than I normally prefer. These are GARP stocks. The...
Why Americans feel gloomy about the economy despite falling inflation and low unemployment
WASHINGTON — Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold...
Pittsburgh tourism bounces back from pandemic freefall, new report shows
Andrew Masich said he started to notice a change last year. The Sen. John Heinz History Center president and CEO watched attendance numbers dip at the Strip District museum during the covid-19 pandemic. Then, this summer, he saw attendance soar when the Allegheny Regional Asset District provided funding allowing the...
New president named at #1 Cochran
Auto dealer #1 Cochran has named a new president. Denny Patton, current vice president and chief operating officer, will succeed Rob Cochran as president. Cochran, who has held the role since 1992, will remain CEO and transition to chairman. Cochran will maintain his involvement in the business. He said the...
