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Shareholders approve merger of American Water and Essential Utilities, which serve PA and NJ

Business / Business News /

Shareholders of Camden, New Jersey-based American Water Works and Bryn Mawr, Pennsylvania-based Essential Utilities, which owns the Aqua water and sewer companies, voted overwhelmingly Tuesday to merge and create a combined company with nearly $30 billion in yearly water and sewer sales.

More than 99% of the 161 million American Water shares ...Read more

New Trump administration rule will bar green card holders from applying for SBA loans

Business / Business News /

A new Trump administration rule limits Small Business Administration loans to U.S. citizens, barring green card holders from applying.

The new rule, which goes into effect March 1, surprised many lenders because it reversed decades of government lending policies that sought to broaden its small business reach as a way to stoke job creation.

...Read more

Rampant post-fire price gouging went unpunished, report alleges

Business / Business News /

When the Palisades and Eaton fires displaced thousands of tenants last year, landlords across L.A. jacked up rental prices while the flames were still burning. Officials were quick to respond, vowing crackdowns on price gouging.

A new report asserts that many of those threats were toothless.

Published by activist organization the Rent Brigade,...Read more

California reserved $165 million for Tesla to electrify its trucking industry. The result may stifle EV innovation

Business / Business News /

A California clean-air program, designed to rapidly electrify the state’s truck and bus fleets, has recently faced intense criticism for reserving its largest-ever tranche of funding to subsidize Tesla’s all-electric semi-truck, a largely unproven vehicle with a dubious production timeline.

In the past year, the California Air Resources ...Read more

US adds 130,000 jobs and unemployment falls after tepid 2025

Business / Business News /

U.S. payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026.

Employers added 130,000 jobs last month and the unemployment rate declined to 4.3%, according to Bureau of Labor Statistics data out Wednesday. That followed ...Read more

Andreessen Horowitz's rising influence over Trump-era AI policy

Business / Business News /

One of Silicon Valley’s most storied venture capital firms has emerged as a hidden hand steering artificial intelligence policy in Washington, as President Donald Trump embraces the industry’s relentless push into the emerging technology.

Andreessen Horowitz is now regularly the first outside call that top White House officials and senior ...Read more

Poverty simulation offers 'eye-opening' experience for Silicon Valley leaders

Business / Business News /

In the echoing expanse of a Sunnyvale, California, food bank, Silicon Valley leaders scrambled across a warehouse floor, making a dull cacophony as they ran to different tables where they begged for work, bargained for groceries, sought housing, and bailed their loved ones out of jail.

The desperate group of business leaders and public workers ...Read more

Thousands of apartments set to take over empty office buildings with new LA ordinance

Business / Business News /

Los Angeles officials just made it easier to convert empty commercial buildings to housing, opening the door to the creation of thousands of apartments across a city clamoring for housing.

Developer Garrett Lee is already rolling.

After years of struggling to find white-collar tenants for a gleaming office high-rise on the edge of downtown, he...Read more

Meta, TikTok and others agree to teen safety ratings

Business / Business News /

Meta, TikTok and Snap will be rated on their teen safety efforts amid rising concern about whether the world's largest social media platforms are doing enough to protect the mental health of young people.

The Mental Health Coalition, a collective of organizations focused on destigmatizing mental health issues, said Tuesday that it is launching ...Read more

David Guralnick/The Detroit News/TNS

Ford predicts improved 2026 after hits to 2025 earnings

Business / Business News /

Ford Motor Co. is predicting a stronger 2026 after the automaker posted a net loss of $8.2 billion last year from special charges related to redeploying assets for its electric vehicle business.

Without those, the Dearborn automaker's adjusted operating profit was $6.8 billion. The company expects adjusted operating income of $8 billion to $10 ...Read more

Katy Kildee/The Detroit News/TNS

Ford reports 2025 profit sharing for U.S. autoworkers

Business / Business News /

Ford Motor Co. said Tuesday it will pay profit-sharing bonuses of approximately $6,780 to hourly autoworkers in the United States for 2025.

The total amount for employees could be above or below that depending on compensated hours for the 56,300 eligible employees and another 1,490 workers who retired last year. The amount is down 34% from the ...Read more

Victoria Ditkovsky/Dreamstime/TNS

Even Dollar Tree is going after rich shoppers now

Business / Business News /

Dollar Tree’s 9,000th store opened last year within a few miles of a Louis Vuitton, a steakhouse selling $525 Wagyu beef and Audi, Porsche and Ferrari dealerships, where the average car costs more than what a typical Dollar Tree shopper makes in a year.

Inside, while most everyone is looking for a deal — it’s not necessarily because they ...Read more

Max Ortiz/The Detroit News/TNS

Stellantis credit rating cut by Moody's after writedowns

Business / Business News /

Moody’s Ratings downgraded Stellantis NV’s credit rating, citing the carmaker’s warning that a recovery in profitability will take longer than expected due to the costs of scaling back its electric vehicle plans.

The ratings company moved Stellantis down one notch to Baa3 from Baa2, according to a statement. Baa3 is the lowest level ...Read more

Mike Siegel/Seattle Times/TNS

Boeing will open 737 Max line in Everett by 'midsummer'

Business / Business News /

Boeing will open its fourth Max production line in Everett, Washington, this summer, setting a timeline that the Everett community has been waiting to hear for two years.

Boeing hopes to eventually reach a Max production rate of 63 planes per month, Katie Ringgold, Boeing’s 737 program manager said Tuesday, speaking at an annual conference ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing deliveries dip in January, but surpass rival Airbus

Business / Business News /

Boeing delivered 46 airplanes in January, including 37 737 Maxes and five 787 Dreamliners.

That’s lower than Boeing’s December output of 63 planes, including 44 Maxes and 14 787s.

But it marks Boeing’s highest January delivery total since 2019, just before the second of two fatal 737 Max crashes grounded Boeing’s most popular plane and...Read more

David Joles/Star Tribune/TNS

New Target CEO shakes up leadership, staffing

Business / Business News /

In his second week as Target CEO, Michael Fiddelke shuffled his leadership team and consolidated store districts — moves that drew mixed reactions from retail experts.

After several quarters of lackluster performance, the actions addressed some of the loudest criticism of the Minneapolis-based retailer: the state of its stores and product ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

19% of all home sales in Las Vegas Valley falling through, report says

Business / Business News /

The Las Vegas Valley has seen one of the biggest year-over-year jumps in home purchase agreement cancellations in the U.S., according to a new report from Redfin.

According to the report, 19% of all residential real estate transactions, a 3.5% jump, were canceled last December. This places the Las Vegas Valley as 8th in the country for largest ...Read more

DREAMSTIME/TNS

YouTube TV introduces lower-priced sports and news packages

Business / Business News /

YouTube TV will start offering customers lower-priced channel packages, including one aimed at sports fans.

The Google-owned pay-TV service announced Monday it will roll out more than 10 plans that will be priced below a full YouTube TV subscription that offers more than 100 channels.

The introduction, which will begin over the next few weeks,...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Casinos won big in 2025 even as Las Vegas saw first post-COVID tourism decline

Business / Business News /

Las Vegas Strip and downtown casinos closed out 2025 with a slight uptick in gambling revenue despite a significant drop in visitors and signs of pricing fatigue among customers, according to public data and industry analysts.

The Las Vegas gaming industry avoided a noteworthy downturn, and experts say the end-of-year numbers reflect a healthy ...Read more

Timothy A. Clary/AFP/GETTY IMAGES NORTH AMERICA/TNS

What to know about Elon Musk's merger of SpaceX with his AI company

Business / Business News /

Elon Musk recently announced what seemed like an odd pairing of his companies: SpaceX was acquiring xAI, the artificial intelligence firm that also owns the social media platform X.

The merger combines a highly profitable rocket company with an AI startup that is burning through billions of dollars as it competes with OpenAI and other rivals ...Read more