Business

/

ArcaMax

Brendan Smialowski/AFP/Getty Images North America/TNS

Iconic Silicon Valley VC firm urged to fire partner over 'racist' social media post about Muslim politician Mamdani

Business / Business News /

A Fourth of July social media post about Muslim politician Zohran Mamdani by a partner at a legendary Silicon Valley venture capital firm has the nation’s largest Muslim advocacy group calling for the investor’s firing.

Shaun Maguire, a self-professed supporter of Israel and President Donald Trump, and a partner at Sequoia Capital, posted ...Read more

David Guralnick/The Detroit News/TNS

Cadillac VP responds to elimination of $7,500 federal EV tax credit

Business / Business News /

Cadillac will need to "make adjustments" in response to President Donald Trump signing the One Big Beautiful Bill Act eliminating an up-to-$7,500 tax credit for electrified vehicles, the luxury brand's global vice president said Thursday.

After Sept. 30, the tax credit no longer will be available. The budget cut comes as John Roth said the ...Read more

Mathieu Lewis-Rolland/Getty Images North America/TNS

Boeing work instructions inadequate for years before blowout, NTSB finds

Business / Business News /

The panel blowout aboard an Alaska Airlines Boeing 737 was the result of more than four missing bolts, the National Transportation Safety Board reiterated in its final investigation report into the incident released Thursday.

The Jan. 5, 2024 blowout — which occurred shortly after the Alaska Airlines plane took off from Portland, Oregon — ...Read more

Dreamstime/Dreamstime/TNS

NC reclaims No. 1 on CNBC's Top States for Business list. Why it tops the rankings

Business / Business News /

North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 on CNBC’s latest annual ranking of best states for business. It is the third time in four years North Carolina has topped the list, rebounding from a close second-place finish in 2024.

In 2025, North Carolina finished No. 3 on economy, the most-weighted metric, and No. 4 ...Read more

David McNew/Getty Images North America/TNS

Delta defies summer travel slump as profits beat expectations, push up stock

Business / Business News /

Delta Air Lines executives say they believe the current slump in domestic air travel will pass soon, prompting the carrier to restore a full-year earnings forecast that it scrapped this spring amid market volatility.

The Atlanta-based carrier, which is the first major U.S. airline to report its earnings for the early summer travel season, is a ...Read more

DREAMSTIME/TNS

Motormouth: Are valve seals to blame?

Business / Business News /

Q: ​I had a beautiful VW Scirocco that used oil at an increasing rate. Finally, a VW mechanic told me that the problem was probably the valve seals. He took out the seals and they looked like bacon bits. The new seals looked like big gray Cheerios. Oil consumption went from a quart every 300 miles to a quart in 2,500 miles. Later VW did a ...Read more

DREAMSTIME/TNS

Michigan's WK Kellogg cereal maker set to be bought by Italian candymaker Ferrero

Business / Business News /

WK Kellogg Co., the cereal giant, is set to be acquired by the Italian candymaker behind Ferrero Rocher in a nearly $3 billion deal, the Wall Street Journal reported Wednesday.

A deal with parent Ferrero SpA, the maker of Butterfinger candy bars and Nutella hazelnut spread, could be finalized as soon as this week, according to reports.

Shares ...Read more

Jane Tyska/Bay Area News Group/TNS

Big Oakland hotel is seized by lender as Bay Area lodging market fades

Business / Business News /

OAKLAND, California — A lender has taken ownership of Oakland’s biggest hotel through a foreclosure that underscores the ailments and price nosedives that plague the Bay Area’s sickly lodging market.

The Oakland Marriott City Center hotel was taken back by its lender, which bought the property for just under $70.2 million through the ...Read more

Real estate Q&A: Can country club board decide who is on new owner's deed?

Business / Business News /

Q: A lady I know recently purchased a country club property together with her stepfather. The club’s board decided they couldn’t be members because the stepfather was married to her mother, which would automatically make the mother the second member. They were told the mother had to be included, even though she wasn’t on the property deed,...Read more

NICOLAS TUCAT/GETTY IMAGES NORTH AMERICA/TNS

A week after layoffs linked to AI cost, Microsoft pledges $4B to AI education

Business / Business News /

Microsoft plans to donate $4 billion worth of cash, technology and training to enhance artificial intelligence education, a substantial bequest as the Redmond, Washington-based software giant aims to make billions more off a technology it expects to be on par with the introduction of electricity.

Microsoft President Brad Smith announced the ...Read more

Seattle sued over its mandatory housing affordability program -- again

Business / Business News /

A small construction company and two homeowners in Seattle are suing the city over its mandatory affordable housing program that requires developers either build or help pay for below-market-rate homes.

The lawsuit, brought by the libertarian-minded Institute for Justice, alleges the program fails to establish a nexus between new residential ...Read more

Dreamstime/Dreamstime/TNS

UnitedHealth shares trade lower following report of new details from DOJ investigation

Business / Business News /

UnitedHealth Group shares fell about 2% in trading Wednesday morning after the Wall Street Journal reported new details on a previously reported criminal investigation by the U.S. Department of Justice into Medicare Advantage billing practices at the Eden Prairie-based health care giant.

The Justice Department’s criminal health care fraud ...Read more

Jim Vondruska/Getty Images North America/TNS

State Farm to raise Illinois homeowners insurance rates by 27.2% in August

Business / Business News /

As Texas grapples with the massive flooding that struck Hill Country and killed at least 119 people during the July Fourth weekend, many Illinois homeowners will soon see their home insurance rates skyrocket due to the increase in such extreme weather events.

State Farm is raising homeowners insurance rates in Illinois by a whopping 27.2% ...Read more

MATTEL/TNS

Mattel's newest Barbie has diabetes

Business / Business News /

Dressed in a matching polka dot tank top and ruffled skirt with blue chunky heeled boots and a mini purse, Mattel's newest Barbie may look like previous dolls at first glance.

But this particular doll stands out with a wearable insulin pump on her waist, a glucose monitor on her arm and a phone showing her blood sugar readings, making her the ...Read more

Hyoung Chang/The Denver Post/TNS

Colorado supermarket workers start voting on contract proposals

Business / Business News /

Workers at Safeway, Albertsons and King Soopers stores across metro Denver will vote today and Thursday on new contracts with the two supermarket chains, and employees outside the metro area will cast ballots Friday.

The votes today and Thursday follow the announcement over the weekend that members of United Food and Commercial Workers Local 7 ...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Linda Yaccarino to step down as CEO of Elon Musk's social media site X

Business / Business News /

Linda Yaccarino, the chief executive of social media site X, said Wednesday that she's stepping down from her role after two years at the company.

"When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," she said in a post on X.

The ...Read more

Justin Sullivan/Getty Images North America/TNS

Trump tariff foes urge appeals court to curb 'blank check'

Business / Business News /

A group of small businesses that won an order finding President Donald Trump’s sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.

The U.S. Court of International Trade ruled on May 28 that Trump exceeded his authority by imposing broad tariffs, a power granted to Congress in the ...Read more

Peerapon Boonyakiat/ZUMA Press Wire/TNS

Vehicle prices in China are spiraling down. What that means for tariffs

Business / Business News /

Prices of vehicles in China are in a downward spiral, say experts who expect the circumstances to usher in industry consolidation and create opportunity for legacy automakers while tariffs are in place.

The average car retail price in China has fallen nearly 20% in the past two years, with the cuts accelerated for electric vehicles and other ...Read more

Rob Nikolewski/San Diego Union-Tribune/TNS

Want to buy an EV or get rooftop solar? What Trump's megabill means for you

Business / Business News /

The so-called One Big Beautiful Bill could lead to a big, mad dash for consumers looking to buy electric vehicles or install rooftop solar before federal tax incentives expire in the coming months.

Led by Republicans on Capitol Hill and signed into law by President Donald Trump on July 4, the 940-page legislation affects taxes and spending on ...Read more

FAA ramps up testing of Musk's Starlink at agency facilities

Business / Business News /

The U.S. Federal Aviation Administration has significantly increased the number of connections to Elon Musk’s Starlink that it’s testing in the hopes of bolstering an air traffic control system that has been beset by outages.

The FAA told Bloomberg that it’s now testing 41 Starlink connections — two in New Jersey, 28 in Alaska and 11 in...Read more