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Juliana Yamada/Los Angeles Times/TNS

SAG-AFTRA members approve deal with major studios

Business / Business News /

SAG-AFTRA members overwhelmingly approved a four-year TV and film deal with major studios including Netflix, Disney and Warner Bros. Discovery on Thursday night, increasing minimum wages and addressing concerns about the use of AI performers.

The deal, which was expected to be approved, received the support of 91% of SAG-AFTRA members who voted...Read more

John T. Greilick/The Detroit News/TNS

Will high gas prices change the auto industry again?

Business / Business News /

WASHINGTON — Gas prices have remained high due to the U.S.-Israeli war with Iran. But are they high enough to alter the business of the American auto industry?

Previous oil shocks driven by conflict in the Middle East have contributed to watershed moments in U.S. automotive history, first setting the table for fuel-efficient foreign ...Read more

Spencer Platt/Getty Images North America/TNS

Trump family's stablecoin wealth fueled by Binance relationship

Business / Business News /

A Trump family crypto venture is generating bumper profits from its foray into stablecoins, thanks partly to a promotional arrangement with Binance Holdings Ltd.

World Liberty Financial Inc., co-founded by U.S. President Donald Trump and his sons, is on track to generate nearly $150 million this year from issuing USD1, a dollar-pegged token it ...Read more

MANDEL NGAN/AFP/Getty Images North America/TNS

Pressure mounts on rookie chair Warsh as jobs fuel Fed-hike bets

Business / Business News /

The U.S. labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.

For newly installed Fed Chairman Kevin Warsh, the changing outlook is an early test of his ability ...Read more

Justin Sullivan/Getty Images North America/TNS

AI boom fuels California growth but leaves more workers jobless

Business / Business News /

California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living remains high.

New economic indicators released this week show how the Golden State is grappling with the effects of the Iran war, as well as an AI explosion, which is ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: Toyota Corolla is the commuting sedan for 2026

Business / Business News /

As automakers vehicle lineups continue to swell and diversify, a simple fact remains: Consumers will always need commuter vehicles.

The sedan market continues to diminish in 2026, but Toyota seems determined to claim the biggest piece of the pie.

This week, we present the 2026 Corolla SE, Toyota’s entry-level, stripped-down commuter fit for ...Read more

Henry Payne/The Detroit News/TNS

Auto review: Affordably chic, Honda Civic vs. Hyundai Sonata

Business / Business News /

MIAMI — Sleek, roomy and high-tech, today’s mainstream sedans are proof that affordability still exists in a U.S. market where average vehicle purchases have soared over $50K.

Take the terrific $30,945 Hyundai Sonata Blue Hybrid and $27,890 Honda Civic Sport I just flogged around Miami and Detroit.

Who needs a luxury badge?

Midsize Sonata...Read more

Audi/TNS

Auto review: The 2026 Audi A5 is a sensible sedan that earns admiration without a hint of tastelessness

Business / Business News /

The 2026 Audi A5 is what happens when a nation famous for precision engineering, orderly recycling, and incredible punctuality decides to build a car for people who enjoy driving, but don’t feel the need to announce it with a wing the size of Nebraska. It’s not loud or flamboyant; it doesn't pretend to be a rolling nightclub. It doesn’t ...Read more

Dreamstime/Dreamstime/TNS

IBM, AT&T accused by whistleblower of covering up foreign hacks

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International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the U.S. government in violation of the law, according to a lawsuit from a former IBM cybersecurity official.

William Barlow, IBM’s former vice president of threat intelligence...Read more

Kjell Redal/The Seattle Times/TNS

Amazon wrestles No. 1 spot away from Walmart on Fortune 500 list

Business / Business News /

For the first time in its three decades-plus history, Amazon is now No. 1 on the Fortune 500 list.

The Seattle-based tech giant knocked Walmart down to No. 2, ending the Arkansas-based retailer’s 13-year reign on top. The list ranks 500 of the largest American corporations by revenue each year and only four companies have ever held the top ...Read more

Kara Gildea/Las Vegas Review-Journal/TNS

What are 'pocket listings' in real estate and why are they so controversial?

Business / Business News /

While the rise of pocket listings — when a residential property is put up for sale without being placed on the Multiple Listing Service — are tough to track, one local broker said it should concern anyone who is looking to buy or sell a home in the near future.

Multiple studies estimate pocket listings make up small portions of the overall ...Read more

David Guralnick/The Detroit News/TNS

Ford recall tells owners not to drive certain Bronco Sports, Mavericks

Business / Business News /

Ford Motor Co. is advising owners of certain Bronco Sport SUVs and Maverick pickup trucks not to drive their vehicle over the potential of a incorrectly installed part that could result in a driver losing control of steering.

The recall is on 2022-2026 Bronco Sports and Mavericks, affecting 4,653 vehicles. Dealers are being instructed to ...Read more

Benjamin Hager/Las Vegas Review-Journal/TNS

US jobless claims rose in holiday week to most since February

Business / Business News /

Applications for U.S. unemployment benefits rose last week to the highest level since February, potentially reflecting volatility around the Memorial Day holiday.

Initial claims increased by 13,000 to 225,000 in the week ending May 30, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey of economists ...Read more

Real estate Q&A: How can I avoid 'force-placed' insurance from my mortgage company?

Business / Business News /

Q: My insurance company just told me it will not renew my homeowners policy, and a few days later, my mortgage company warned that it will buy “lender-placed” insurance if I do not show proof of a new policy. I have never filed a claim in my life. What do I do, and is this force-placed insurance really as bad as it sounds? — Marcus

A: It ...Read more

Ken Lambert/The Seattle Times/TNS

Autonomous weapons firm Anduril betting big on Seattle office, shipyard

Business / Business News /

SEATTLE — Defense contractor Anduril Industries is expanding in Seattle, with hiring plans to fill out what it calls its connected warfare headquarters.

After installing a small office in Seattle about six years ago, the Costa Mesa, California-based company has expanded into Bellevue and Seattle's ship canal, pumping millions of dollars into ...Read more

Wendy Gilch/TNS

Why Pennsylvania is moving to regulate firms offering home equity investments

Business / Business News /

PITTSBURGH -- Wendy Gilch wasn’t looking for a new financial threat lurking in the housing market when she opened TikTok.

The Franklin Park, Pennsylvania, consumer advocate was researching a completely different problem: companies she believed were violating the Federal Trade Commission’s advertising rules with fake testimonials, AI-...Read more

Allen J. Schaben/Los Angeles Times/TNS

Rent-hike ban to protect fire victims ends despite gouging concerns

Business / Business News /

LOS ANGELES -- A rule intended to prevent rent gouging in the wake of the Eaton and Palisades fires has lapsed in Los Angeles County, possibly exposing some renters to hikes.

The executive order that blocked rent increases was issued by Gov. Gavin Newsom amid the devastating wildfires last year. Under the order, landlords couldn't increase ...Read more

Yong Kim/The Philadelphia Inquirer/Yong Kim

Home price cuts and canceled contracts were less likely in the Philly region than in most major metros in April

Business / Business News /

PHILADELPHIA -- Signs point to a stronger housing market last month in the Philadelphia region than in most other major metropolitan areas.

In the Philadelphia metro, home sales were less likely to fall through and sellers were less likely to cut their prices in April, according to two Redfin analyses of the country’s 50 most populous ...Read more

Mathieu Lewis-Rolland/Getty Images North America/TNS

Workers at damaged Washington paper mill will be paid at least through Aug. 8

Business / Business News /

SEATTLE — Around 550 Longview pulp and paper mill workers idled by last week's deadly implosion can count on paychecks at least through Aug. 8, the company and its union said Wednesday.

A chemical tank at the Nippon Dynawave Packaging plant imploded May 26, killing 11 workers in one of the deadliest industrial disasters in state history.

The...Read more

Stephanie Breijo/Los Angeles Times/TNS

Illegal-fishing investigation hits Venice seafood restaurant Dudley Market

Business / Business News /

LOS ANGELES — After a yearslong investigation, the California Department of Fish and Wildlife said Dudley Market violated state fishing laws, and staff, fishermen and businesses associated with the popular Venice restaurant and wine bar were hit with $150,000 in penalties and court fees.

Dudley Market is known for its fresh seafood, and ...Read more