Business

TikTok finalizes a deal to form a new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans. The social video platform company signed agreements with major investors...
Trump administration scraps multimillion-dollar solar projects in Puerto Rico as grid crumbles

SAN JUAN — The administration of President Donald Trump has canceled solar projects in Puerto Rico worth millions of dollars, as the island struggles with chronic power outages and a crumbling electric grid. The projects were aimed at helping 30,000 low-income families in rural areas across the U.S. territory as...
Prices ticked up in November as Americans keep spending, a key inflation measure shows

WASHINGTON — The Federal Reserve’s preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated, while consumers spent at a healthy pace. Consumer prices rose 2.8% in November from a year earlier, the Commerce Department said Thursday, up from a 2.7% annual pace in...
Francesca’s women’s boutique chain to close all stores

The women’s boutique chain Francesca’s is closing all of its stores for good — including those in Western Pennsylvania. After more than 25 years in business, a representative confirmed to Women’s Wear Daily that it’s “liquidating our inventory and closing soon,” People reported. Francesca’s began liquidating its inventory on Friday,...
Some Post-Gazette workers call for new union leadership

The Pittsburgh Post-Gazette’s union appears to be divided, with some employees claiming that the union’s efforts against management were never as “broadly supported” as it claimed publicly. A letter signed by 49 Post-Gazette employees calling for new union leadership was released Thursday. “We are seeking new elections for leadership within...
Trump faces tough political, market hurdles in his bid to erode Fed independence

The Federal Reserve’s independence is under threat by the Trump administration, but experts say the central bank is built to resist executive influence better than most U.S. institutions. In his quest to gain more control over the Fed, Trump will have to jump though hoops in the Supreme Court and...
RH brings its luxury furnishings, design services to Shadyside

RH — the upscale furniture store formerly known as Restoration Hardware — welcomed shoppers for the first time Friday in Pittsburgh’s Shadyside neighborhood. The company took over a four-story, 15,000-square-foot building at the corner of Walnut and Ivy streets, which housed clothing retailer Banana Republic until its closure in March....
Nemacolin confirms layoffs

Nemacolin confirmed Wednesday it has laid off an undisclosed number of employees. A statement from the Fayette County resort said the workforce reduction followed changes in available room inventory that have impacted guest volume and operational demand. “While difficult, these adjustments are intended to position Nemacolin for long-term stability, and...
Congress funds agency investigating Clairton Coke Works blast

The federal Chemical Safety Board, which has been targeted for elimination by President Donald Trump, is likely to keep its funding and continue investigating a deadly explosion in August 2024 at U.S. Steel’s Clairton Coke Works. An appropriations bill passed by Congress earlier this month would give the board $14...
Historic Downtown Pittsburgh buildings set to become mixed-income apartments

A pair of historic commercial and manufacturing buildings in Downtown Pittsburgh will be transformed into mixed-income housing, part of a broader effort to revitalize the Golden Triangle and attract new residents and businesses. Boston-based Beacon Communities on Tuesday announced the start of construction at 901-903 Liberty Ave., two buildings that...
Wall Street has worst session since April as Trump threatens 8 European countries with tariffs over GreenlandVideo

NEW YORK — Stocks slumped Tuesday on Wall Street after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The losses were widespread, with nearly every sector losing ground. Major indexes in the U.S. extended...
Viral Chinese app ‘Are you dead?’ comes to U.S.

“Are you dead?” That’s the question a viral app has been trying to ask people who are living alone in China. The app is called Sileme in Chinese, which translates to “Are you dead?” in English, and it has surged in downloads online, Reuters reported. It’s “a lightweight safety tool...
Roving technician behind Fishy Things takes care of tanks, large and small, across Pittsburgh region

Glynn Galloway steps into the basement of a Fox Chapel home, where a soft blue glow spills from a 300-gallon in-wall reef tank built between a recreation room and a former wine cellar. The 48-year-old aquarium technician turned the room behind the tank into a pump room filled with humming...
John Dorfman: After big falls, PayPal, TaskUs look like bargains

No one wants to go to the hospital. But sometimes it’s the best thing for you. That’s the notion behind my quarterly Casualty List. It contains stocks that have been roughed up in the latest quarter, and that I think can recover and thrive. My Casualty List picks from a...
Kevin Hassett says Trump may be right to keep him out as Fed chair

White House economic adviser Kevin Hassett said President Donald Trump may well keep him in his current job, which would eliminate him from contention for the next Federal Reserve chair. “From the beginning, he and I have talked about whether it’s better for me to be here in the West...
Analysts’ darlings often fizzle, but they soared in ’25

Don’t buy the stocks analysts love. Don’t buy the ones they hate, either. Those are conclusions from my 27-year study of the four stocks analysts most adore at the beginning of each year and the four stocks they most despise. The average return on the analysts’ darlings has been 8.2%....

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