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Dreamstime/Dreamstime/TNS

Zillow accused of referral monopoly, steering homebuyers to its lenders

Business / Business News /

A new lawsuit alleges Zillow used its monopoly power to charge high referral fees and pressured agents to channel homebuyers into its lending business.

The lawsuit filed Friday in the U.S. District Court for the Western District of Washington comes as Zillow defends itself against other lawsuits filed by homeowners alleging similar practices.

...Read more

Chase Stevens/Las Vegas Review-Journal/TNS

Nevada slot machines are getting tighter, says UNLV report

Business / Business News /

There’s a theory — maybe call it a conspiracy theory? — that the reason Nevada gaming win is up despite visitation being down is that the state’s slot machines are taking more money than they’re legally allowed.

But Nevada regulators say not only is that virtually impossible, but that casinos would be foolish to even attempt it.

By ...Read more

Pedro Portal/Miami Herald/TNS

Why buyers are seeing home sales climb and prices dip in South Florida

Business / Business News /

Residential sales were up and prices were down in December as the South Florida real estate market continues to favor buyers.

Sales of both condos and single-family homes were up in Miami-Dade and Broward counties last month compared to the previous December, according to data from the Miami Association of Realtors. Total sales in Miami-Dade ...Read more

What's a billion-dollar loan really worth? For private credit funds, it depends on who's counting

Business / Business News /

As pension funds and other investors have cut back new private equity investments after years of poor returns, Wall Street private equity managers such as Apollo Global, Blackstone, and KKR have moved more heavily into corporate lending.

They compete with banks to make loans but aren’t bound by the rules that govern banks. The managers bundle...Read more

I-HWA CHENG/Getty Images North America/TNS

Nvidia CEO says AI will create jobs for electricians and plumbers

Business / Business News /

As artificial intelligence threatens to upend job markets in countries around the world, Nvidia Corp. Chief Executive Officer Jensen Huang brushed off longer term concerns and made the case that skilled vocational workers are seeing increasing demand now.

Plumbers, electricians and construction workers are going to be able to command “six-...Read more

Max Ortiz/The Detroit News/TNS

Comerica employees laid off as merger with Fifth Third progresses

Business / Business News /

Employees at Comerica Inc. are experiencing layoffs as a $10.9 billion acquisition is being finalized between the Detroit-founded bank and Cincinnati-based Fifth Third Bank.

Several LinkedIn posts report layoffs from various corporate positions in Michigan and other states.

Tawene Cooper, a former marketing specialist based in Georgia, posted ...Read more

Todd McInturf/The Detroit News/TNS

Michigan battery firm Our Next Energy cuts staff after losing EV contract

Business / Business News /

Michigan battery maker Our Next Energy laid off 29 employees earlier this month after its largest electric vehicle customer "suddenly and unexpectedly cancelled its contract," the company told state employment officials.

The Novi-based firm said in a notice to Michigan's employment agency that it laid off engineers, managers, technicians and ...Read more

BMX/TNS/TNS

Tech review: These two chargers might be all you need

Business / Business News /

Phones used to ship with a lot of accessories that usually included headphones, a charging cable and a USB wall charger.

Today, phones ship with a charging cable and that’s about it, so you’re on your own for a wall charger. A lot of people will just go with whatever charger they happen to have tucked away in their junk drawer, but chances ...Read more

Katie Wood/The Denver Post/TNS

Colorado State University goes all in on AI, partnering with Microsoft to create RamGPT

Business / Business News /

Colorado State University has partnered with Microsoft to pilot a university-wide artificial intelligence system similar to ChatGPT that places the land-grant institution at the front of the pack in collaborations between higher education and AI companies.

Unlike ChatGPT, the custom-built CSU-GPT and its forthcoming companion RamGPT were ...Read more

Alex Wong/Getty Images North America/TNS

Trump's Fed chair search becomes hunt for elusive unicorn

Business / Business News /

President Donald Trump’s search for a new Federal Reserve chair is becoming a hunt for an elusive unicorn candidate as blowback from his attacks on the central bank complicates the decision.

Trump is trying to check several boxes in a replacement for the current chair, Jerome Powell: He wants a loyalist who will pursue steep interest-rate ...Read more

Dreamstime/TNS

Trump looks to Congress to cap credit card rates at 10%

Business / Business News /

President Donald Trump said he would ask Congress to implement his proposal to cap credit card interest rates at 10% for one year, a policy that’s drawn pushback from some of the biggest banks and card issuers.

“I’m asking Congress to cap credit card interest rates at 10% for one year and this will help millions of Americans save for a ...Read more

Gary Coronado/Los Angeles Times/TNS

Historic Radford Studio Center in default amid Hollywood slowdown

Business / Business News /

Radford Studio Center, the storied movie lot that gave Studio City its name, is in financial distress and is expected to be returned to lenders as declining film and television production racks the entertainment industry.

Formerly known as CBS Studio Center, the Los Angeles lot has been home to generations of landmark television shows ...Read more

Dreamstime/Dreamstime/TNS

California crypto startup moves to South Dakota as debate over proposed wealth tax heats up

Business / Business News /

California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires.

The company that had been based in Palo Alto is now based in Sioux Falls, S.D., according to a December filing to the U.S. Securities and Exchange Commission.

...Read more

Audrey Richardson/Chicago Tribune/TNS

Daily Herald, longtime suburban Chicago newspaper, notifies state of potential sale

Business / Business News /

The publisher of the Daily Herald filed notice with the state earlier this month that it is considering a sale of the northwest suburban newspaper.

In a Jan. 6 letter to the Department of Commerce and Economic Opportunity, Paddock Publications said it was notifying the state and its employees 120 days before the potential sale, a requirement of...Read more

Anna Gałaszkiewicz/Dreamstime/TNS

Meta lays off hundreds in Seattle area

Business / Business News /

Meta is laying off 331 workers in the Puget Sound region as part of broader cuts to its virtual reality division.

The Facebook parent company last week said that it was cutting about 10% of its 15,000-employee Reality Labs division as it shifts resources away from what it called the metaverse to wearables like smart glasses.

This is part of ...Read more

Stephen Brashear/Getty Images North America/TNS

Microsoft CEO warns AI needs to spread beyond Big Tech to avoid bubble

Business / Business News /

As tech companies spend billions on artificial intelligence data centers and computer chips, fears of an AI bubble held privately by Wall Street traders and some Big Tech titans are beginning to pop into public view.

Speaking to the world’s economic elite Tuesday in Davos, Switzerland, Microsoft CEO Satya Nadella tossed out his 2 cents.

AI ...Read more

Scott Olson/Getty Images North America/TNS

China's soy purchases hit 12 million tons to meet US pledge

Business / Business News /

China has purchased roughly 12 million tons of U.S. soybeans in the last three months, clearing a closely watched trade hurdle and meeting a key pledge outlined by the Trump administration in November.

The world’s top consumer had been hovering close to the target for days and has now booked enough cargoes to meet it, according to traders ...Read more

Elizabeth Flores/Minnesota Star Tribune/TNS

Minnesota statewide strike, economic blackout to protest ICE on Friday

Business / Business News /

Thousands of union members, religious faithful and ordinary citizens are expected to participate in a massive statewide economic strike on Friday that organizers are hoping will bring an end to U.S. Immigration and Customs Enforcement activity in Minnesota.

The event, called “A Day of Truth and Freedom,” is being organized by union ...Read more

Alessandro Rampazzo/AFP/Getty Images North America/TNS

Wall Street has worst session since April meltdown: Markets wrap

Business / Business News /

Stocks, bonds and the dollar fell after President Donald Trump threatened tariffs on various European countries before high-level meetings in Davos amid a growing standoff over his ambitions to take over Greenland. Bitcoin plunged. Gold hit all-time highs.

The renewed tensions drove the S&P 500 down 2%, erasing its 2026 gain. A gauge of equity ...Read more

Tobias Schwarz/AFP/GETTY IMAGES NORTH AMERICA/TNS

FTC to appeal court ruling on Meta win in monopoly case

Business / Business News /

The U.S. Federal Trade Commission said it will appeal a federal judge’s decision that Meta Platforms Inc. doesn’t have a monopoly in social networking.

Judge James Boasberg ruled in November that Meta’s acquisitions of photo-sharing app Instagram and messaging service WhatsApp didn’t violate antitrust laws. His decision found the social...Read more