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Terry Savage: Waiting for an IRS refund? You're not alone

Business / Business News /

A combination of factors have created a “perfect storm” at the Internal Revenue Service, causing many tax refunds to be delayed. As the agency switches to more sophisticated programs, it has kicked out returns with unexpectedly high refunds. And there are more unexpectedly high refunds because of changes in the tax laws.

Seniors who ...Read more

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US sells 10-year debt at highest yields since financial crisis

Business / Business News /

A $42 billion auction of 10-year U.S. Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the U.S. government.

The yield at Wednesday’s sale came in at 4.683%, the most since the global financial crisis, and just above the ...Read more

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Americans have never paid this much for fuel so late in the year

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It’s peak driving season in the U.S., and gasoline and diesel prices have never been this expensive this late in the year.

Gas and diesel prices are at a record seasonal high, according to data from the American Automobile Association. Drivers are paying an average of $4 a gallon for gas and $5.40 a gallon for diesel in the second week of ...Read more

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How Anaheim, California outpaced Silicon Valley in income growth

Business / Business News /

Despite the economic angst and billionaire exodus, California has been recording some of the highest income growth in the country.

Surprisingly, a recent survey of metropolitan areas showed that Silicon Valley didn't lead the state, but Anaheim, Irvine and Santa Ana were near the top.

A study by financial advising company SmartAsset of the 94 ...Read more

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Good news for San Diego drivers? A $5B fuel pipeline project advances

Business / Business News /

Ultra-tight supplies of gasoline and jet fuel in Southern California will likely get some much-needed relief after a trio of companies announced plans Tuesday to move forward on a major pipeline project designed to send refined fuel to the West.

Phillips 66, Kinder Morgan and HF Sinclair made a final investment decision to proceed with the ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Home insurance rates in Nevada have shot up 22% since 2023, report says

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Home insurance rates in Nevada have risen close to a quarter since 2023 up until the end of last year, according to a new report.

Data from Insurify, an online insurance comparison platform, showed that the average price for home insurance in 2023 was $1,407, then jumped to $1,672 two years later. This year, according to the review, home ...Read more

David Danzis/Las Vegas Review-Journal/TNS

'Free money' drawing huge crowds to Las Vegas Strip casino

Business / Business News /

Torri McNichols wasted no time using her $200 in free slot play at Treasure Island after signing up for a new rewards card Tuesday. She quickly headed toward a Dragon Link machine not far from the Treasury Club hotel-casino rewards desk, inserted a $20 bill, loaded up the free play and hit the button for a max bet.

“Why not bet big?” the ...Read more

Ashley Neyra/Tampa Bay Times/TNS

AI is driving computer prices sky high. Here's how

Business / Business News /

It’s hard to remember a worse time than now to purchase a computer.

Computer hardware prices have spiked globally over the past year, and experts say they won’t get cheaper anytime soon. From companies purchasing desktop workstations and students buying back-to-school laptops or a new phone, consumers in Tampa Bay after a new machine may ...Read more

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Feeling sick? More people are asking AI what to do

Business / Business News /

While traveling to Portland, Peggy Dahl developed a cough so bad it left her gasping for breath after each bout. Far from her doctor, and with a sneaking suspicion of bronchitis, the Minneapolis resident turned to ChatGPT.

This wasn’t the first time she had used it as a medical sounding board.

During a visit to her daughter in Georgia, the ...Read more

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Are Trump's posts worth $1.2 million a year? Wall Street decides

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Donald Trump’s social media company has been leaning on Wall Street’s fear of missing out in its pitch for a controversial new subscription to faster feeds from the president’s Truth Social account.

It’s the latest gambit by Trump Media & Technology Group Corp., which has previously leaned into Wall Street fads like cryptocurrencies and...Read more

Brian van der Brug/Los Angeles Times/TNS

Hundreds of California stonecutters fall ill with deadly disease 'for a product we do not need'

Business / Business News /

Latino men who cut artificial-stone countertops in California are falling ill from an incurable and deadly lung disease at an alarming rate, a new study finds.

These workers are developing silicosis, a condition in which microscopic silica dust contained in the stone slabs they grind and polish is cutting up the inside of their lungs until the ...Read more

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US core inflation comes in subdued, easing pressure on Fed

Business / Business News /

Underlying U.S. inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.

The consumer price index, excluding often-volatile food and energy categories, increased 0.2% from a month earlier, according to Bureau of Labor Statistics data out Wednesday. On an annual basis, it advanced 2.5%, matching the ...Read more

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Inside David Ellison's desperate fight for Warner Bros.

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In less than a month, Paramount Skydance Chief Executive David Ellison has exhibited a dizzying range of emotions as the goal line for the coveted $111 billion Warner Bros. Discovery deal has moved farther away.

The tech scion initially exuded confidence that Hollywood's biggest merger in decades was on a fast track to completion by September. ...Read more

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Inside Meta's push to put open superintelligent AI on your devices

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Mark Zuckerberg wants AI for all, not just a few.

In the last month, there has been heated debate in Silicon Valley and Washington over whether advanced artificial intelligence is too dangerous to be freely available as an open-source model for anyone to download and use, and whether its development should thus be locked down and tightly ...Read more

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Google co-founder Sergey Brin spending more than $100 million fighting California wealth tax

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The fight over a proposal to tax the assets of California billionaires to fund healthcare is getting more expensive.

Google co-founder Sergey Brin has poured $102 million this year into Building a Better California, a group that's funding two ballot measures that could block a billionaire tax, data from the California Secretary of State show. ...Read more

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Terry Savage: Increasingly clever scams can trap even the sharpest people

Business / Business News /

Most people think it could never happen to them — until it does! Scam artists are becoming far more sophisticated these days, and victims are often people who believe they would never fall for a con. But the Federal Trade Commission says people have reported losing $3.5 billion to scams in 2025. And that doesn’t count those who were too ...Read more

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Taylor Farms recall expands as company pulls jalapeños from Trader Joe's, Target, among others

Business / Business News /

Taylor Farms has become the latest distributor to recall food products that contain jalapeños that are potentially contaminated with salmonella and linked to a larger multi-state bacterial outbreak that includes California.

The ready-to-use food products that Taylor Farms recalled over the weekend had been sold at Trader Joe’s, Walmart and ...Read more

Brian Cassella/Chicago Tribune/TNS

Chicago Mayor Brandon Johnson names new chief financial officer

Business / Business News /

CHICAGO — Mayor Brandon Johnson appointed a new chief financial officer Monday, filling one of two vacancies on his fiscal team heading into his fourth budget cycle this fall.

Ashlee Gabrysch, most recently a senior director at Fitch Ratings, was named to the post after former CFO Jill Jaworski stepped down at the beginning of the year. ...Read more

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'Guac signal' sparked Chipotle's frantic bid to recall jalapeños

Business / Business News /

The moment Chipotle Mexican Grill Inc. figured out it was the jalapeños, its automated recall system began calling restaurants, again and again and again.

With diners falling ill with salmonella across the country, Chipotle kept at it, flooding its stores with alerts until someone responded and confirmed the tainted peppers had been destroyed....Read more

Ellen M. Banner/The Seattle Times/TNS

Boeing delivers 53 airplanes in July, a drop from previous 2 months

Business / Business News /

Boeing delivered 53 airplanes in July, a drop from May and June totals, when it delivered 60 and 64 airplanes, respectively.

Boeing's 737 Max deliveries also decreased to 39 in July, from 42 in June and 51 in May.

The higher delivery rate in May reflects the effect of a wiring problem that temporarily slowed some Max production earlier this ...Read more