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Serve Robotics partners with Grubhub after Uber exit

Business / Business News /

Consumers from the Los Angeles region who order through Grubhub will soon have some of their orders delivered by four-wheeled robots.

Serve Robotics, which operates 500 robots across 40 neighborhoods in Los Angeles, has partnered with food marketplace Grubhub. Through this partnership, robot delivery is now available to nearly 200 local ...Read more

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AI is starting to create jobs in the UK, Lloyds survey finds

Business / Business News /

Most British businesses say artificial intelligence has created new roles, according to a survey that suggests firms are moving beyond experimentation and starting to reshape hiring around the technology.

The Lloyds Business Barometer found a quarter of UK employers are increasingly hiring candidates with AI skills, while a fifth are creating ...Read more

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Meta stares down trillion-dollar threat as landmark social media trial begins

Business / Business News /

Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users.

In a case that carries enormous risk for one of the world’s most valuable tech companies, the top legal ...Read more

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CD ladder: What it is and how to build one

Business / Business News /

A CD ladder spreads your savings across multiple certificates of deposit (CDs) with staggered maturity dates, so you capture the higher rates of longer-term CDs while still getting access to part of your money every six to 12 months. It’s a solution to the classic CD dilemma of choosing between better rates and flexibility.

That said, top ...Read more

Alexandra Wimley/Pittsburgh Post-Gazette/TNS

College is still worth it, parents say. They just want more options

Business / Business News /

For parents looking at the rising cost of college, there’s a reality that keeps some of them up at night: 71% expect to take on debt to help their children pay for higher education.

Nearly half — 46% — expect to use education loans. Another 21% of parents say they may turn to credit cards or cash advances. Eleven percent of parents ...Read more

Chris Sweda/Chicago Tribune/TNS

With gas prices back on the rise, some Chicagoans are reconsidering how they get around

Business / Business News /

CHICAGO — Forty hours a week used to be enough for Christopher Dever, 42, to make a living as a Lyft driver. But as the cost of a full tank of gas crept up from $60 to $80, he found himself living in what he calls “a cycle of scarcity,” working 60-hour weeks to scrape by.

Although Lyft offered a temporary fuel relief program for eligible ...Read more

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US bond selloff drives 30-year yields to highest since 2007

Business / Business News /

The yield on 30-year U.S. Treasuries hit the highest in almost two decades, reflecting investor angst over surging government spending, a flood of long-dated bond sales and inflation that’s been stuck over the Federal Reserve’s target for the past five years.

The interest rate on the so-called long bond rose nearly six basis points to 5.31...Read more

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US bond selloff drives 30-year yields to highest since 2007

Business / Business News /

The yield on 30-year U.S. Treasuries hit the highest in almost two decades, reflecting investor angst over surging government spending, a flood of long-dated bond sales, and inflation that’s been stuck over the Federal Reserve’s target for the past five years.

The rate on the so-called long bond rose five basis points to 5.31% on Monday, ...Read more

Karen Ducey/The Seattle Times/TNS

Amazon bars customers from seeking class-action lawsuits

Business / Business News /

Amazon just made it harder for customers to take it to court.

On Friday, the Seattle-based e-commerce giant sent its customers an email informing them the company had updated its terms to include an arbitration agreement and class-action waiver.

The new language reinstates a bulwark the company removed five years ago when it was overwhelmed by...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Billionaire Mark Cuban blasts 'insane' Ro Khanna wealth tax proposal

Business / Business News /

Mark Cuban lashed out at Silicon Valley Congressman Ro Khanna over the Democratic lawmaker’s proposal that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes.

“Ro, that’s insane. You want the state to loan money to the founder, who will then immediately give it back to the state as a ...Read more

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Dollar extends slide as traders scale back Fed tightening bets

Business / Business News /

The dollar fell to its weakest level in three months as investors scaled back expectations for further Federal Reserve interest-rate increases following a run of softer U.S. economic data.

The Bloomberg Dollar Spot Index dropped for a third day, touching its lowest level since May 15 after falling as much as 0.3%. The decline came as traders ...Read more

Chris Sweda/Chicago Tribune/TNS

Bally's issues going concern warning over liquidity issues following construction slowdown at Chicago casino

Business / Business News /

CHICAGO — Days after pausing construction on nearly all non-gaming amenities at its $1.7 billion casino complex going up in River West, Bally’s Corporation issued a going concern warning related to liquidity issues.

The warning, part of Bally’s second quarter earnings filing Friday with the Securities and Exchange Commission, states that ...Read more

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Stellantis recalls 955,000 vehicles. See which models are affected

Business / Business News /

Chrysler parent Stellantis NV said it's recalling about 848,000 Chrysler, Dodge, Jeep and Ram vehicles in the United States due to radio software that can prevent rearview cameras from operating properly.

The glitch, which results in the rearview camera image not appearing on the media screen, affects various 2026 and 2027 model year Chrysler ...Read more

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'How can you not build an Asian mall?' He saw the Bay Area shift and launched a trend

Business / Business News /

Perhaps no one has done more to bring Asian shopping centers to communities across the Bay Area than John Luk.

Luk launched his career in commercial real estate years after arriving in the South Bay from Hong Kong for a career in nursing. But noticing the lack of Asian grocery stores and banquet halls as demographics shifted in the South Bay, ...Read more

Evan Ramstad: How Northern Tool moved production to Minnesota when tariffs ruled out China and Mexico

Business / Business News /

Few Minnesota companies have navigated monumental disruptions to their business model as well as Northern Tool + Equipment, the 45-year-old maker and retailer of hydraulic tools based in Burnsville.

And, as the Trump administration continues trying to impose tariffs that affect U.S. businesses, Northern Tool provides a glimpse into the work ...Read more

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Commentary: Small businesses despise Trump's tariffs -- for good reason

Business / Business News /

Mere hours after the Trump administration's latest tariff scheme launched on July 24, the government was sued again by the same small businesses that had already defeated prior White House tariff shenanigans, most notably at the Supreme Court. As Bloomberg Law reported, these companies are part of an “increasingly vocal cohort of business ...Read more

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Under Armour and Dwayne 'The Rock' Johnson end decade-long partnership

Business / Business News /

BALTIMORE — Dwayne “The Rock” Johnson and Under Armour are parting ways after a nearly 10-year partnership, a spokesperson for the company confirmed.

Johnson, a WWE wrestler turned actor, launched “Project Rock” in 2017, a brand that included sportswear, sneakers and other accessories.

“After an impressive 10-year run, Under Armour...Read more

Jason Pierce/The Sacramento Bee/TNS

California Uber and Lyft drivers' union could be certified in less than 30 days

Business / Business News /

LOS ANGELES — Uber and Lyft drivers in California are a step closer to unionizing after state regulators confirmed the budding union had gained enough support to be certified.

Rideshare drivers have been fighting for a union for more than a decade to have more say in their pay, working conditions and benefits.

The California Public ...Read more

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Josh D'Amaro pledges new stories and experiences in first address as CEO to Disney faithful

Business / Business News /

LOS ANGELES — In his first address to the Disney faithful as chief executive, Josh D'Amaro pledged that Walt Disney Co. would create new stories and experiences at the D23 fan event Wednesday night in Anaheim.

D'Amaro was greeted like a rock star during the Burbank media giant's film and TV presentation as the assembled crowd of more than 12,...Read more

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Twist cap maker announces layoffs as California's wine industry struggles

Business / Business News /

A California wine cap maker is laying off more than 60 employees at a Modesto facility.

The company, G3 Enterprises, said the challenges faced by the broader wine industry — declining consumer demand, inflation, rising expenses and increased competition — prompted the cuts.

"Like many companies in our industry, we have experienced changes ...Read more