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ResMed rings up record $1B in sales in latest quarter led by connected sleep apnea devices

Business / Business News /

For the past 18 months, ResMed Chief Executive Mick Farrell has been publicly outspoken in urging that medical devices get priority access to semiconductors amid global chip shortages coming out of the pandemic.

Now, with macro-economic headwinds slowing demand for certain consumer electronics, the bottleneck of chips available for medical ...Read more

PATRICK PLEUL/Pool/AFP/Getty Images North America/TNS

Musk faces SEC probe for role in Tesla self-driving claims

Business / Business News /

U.S. regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person.

The review is part of an ongoing Securities and Exchange Commission probe of the company’s statements about its Autopilot driver-assistance ...Read more

Samuel Corum/CNP via ZUMA Press Wire/TNS

Michael Hiltzik: The FTC is pushing new rights for workers. Big business is pitching a fit, of course

Business / Business News /

Whenever a government agency proposes a regulation that might help workers by reining in an employer abuse, you can count on some heavy breathing from the big business lobby.

Case in point: The Federal Trade Commission's move to ban noncompete clauses in employment contracts, which forbid ex-workers to take jobs in their chosen field, sometimes...Read more

Kevin Frayer/Getty Images North America/TNS

Is China's shrinking population an economic cause for alarm in the US?

Business / Business News /

Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy.

China has powered the world's economy for decades with cheap labor and billions of products.

However, in recent years, many U.S. companies have moved operations out of Asia and to Mexico in a ...Read more

Ellen M. Banner/The Seattle TImes/TNS

Boeing added 15,000 jobs in 2022, with more hiring ahead

Business / Business News /

Boeing’s trajectory as it strives to dig out of a deep hole is strangely the inverse of the giant tech companies.

Google, Microsoft, and Meta all made billions every quarter last year and are now busily laying off tens of thousands of employees.

Boeing lost $5.1 billion in 2022, while it hired 23,000 new people, according to employment ...Read more

Marc Grasso/Boston Herald/TNS

Full Size Mazda CX-9 delivers for the consumer

Business / Business News /

In Grasso’s Garage this week, it’s Mazda back and better than ever. Their full size SUV, the 2023 CX-9 is exactly how they keep consumers and families coming back for more, and for good reason.

Whether price is your top priority, or dependability or appearance, Mazda really delivers. Its shark-like front fascia and outstanding reliability ...Read more

Justin Sullivan/Getty Images North America/TNS

Intel gives one of its grimmest forecasts ever, slamming shares

Business / Business News /

Intel Corp. is forecasting one of the worst quarters in its history, touching off a broader selloff of chips companies as a slowdown in personal-computer sales ravages the industry.

Late Thursday, Intel gave a sales range that missed analysts’ estimates by billions of dollars, warning that revenue could fall to the lowest quarterly level ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

In clean energy transition, Georgia is at the tip of the spear

Business / Business News /

Last August, as a state legislative committee pondered how to prepare for the flood of electric vehicles expected on Georgia roads in the coming years, the state’s top economic development officer came to deliver an important message.

Pat Wilson, just returned from meetings in South Korea with suppliers for Hyundai’s $5.5 billion Bryan ...Read more

Brian Peterson/Minneapolis Star Tribune/TNS

Biden administration imposes 20-year mining ban on 225,000 acres of northern Minnesota

Business / Business News /

The Biden administration has withdrawn some 225,000 acres of national forest land in northern Minnesota from mineral leasing, protecting a swath of the watershed that adjoins the Boundary Waters Canoe Area Wilderness.

The decision follows a 16-month review on whether the minerals lying under Superior National Forest should be open to extraction...Read more

Dreamstime/Dreamstime/TNS

For a moment, organic, cage-free and other specialty eggs beat conventional prices

Business / Business News /

As egg prices surged to their highest levels toward the end of last year, a curious thing happened: Organic, pasture-raised and other "specialty" eggs were at times less expensive than the conventional dozens.

At some stores, they still are.

"I've seen it, and the dairy managers we talk to are blown away," said Jason Amundsen, co-owner of ...Read more

Paul Brady/Dreamstime/TNS

The Week Ahead: Big questions will remain if the Fed makes a small move on its interest rate

Business / Business News /

How can a smaller move send a big message? That’s the dilemma in which the Federal Reserve finds itself as it meets to discuss its a target short-term interest rate in the week ahead.

There’s no doubt the central bankers will raise the borrowing rate for the eighth consecutive meeting in their effort to tamp down generational-high inflation...Read more

Mazda/TNS/TNS

Auto review: A bit of good news courtesy of the 2023 Mazda CX-5

Business / Business News /

How rarely do we genuinely hear good news? It seems that most news sources delight in torturing their readers or viewers with journalism sure to outrage, titillate, disgust, annoy or anger their readers. I don’t know about you, but I am ready to hear something happy.

So, it’s with great delight that I can report that for 2023, the Mazda CX-...Read more

Rural Americans aren't included in inflation figures – and for them, the cost of living may be rising faster

Business / Business News /

When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the country – rural America.

Currently sitting at 6.5%, the rate of inflation is still high, even though it has fallen back ...Read more

An AI bot passed this Wharton professor's exam. Here's why he's not concerned

Business / Business News /

Wharton professor Christian Terwiesch was sitting with his grown children around the dinner table when the subject of artificial intelligence came up. Both of his kids had been experimenting with the nascent technology in their respective fields: "one of them is interested in design...and the other one is interested in computer science."

...Read more

Nissan/Nissan/TNS

Henry Payne: Nissan Ariya EV turns over a new Leaf with silky style

Business / Business News /

FARMINGTON HILLS, Michigan — Like the Kardashians on a budget, Nissan is a value brand with a taste for high fashion. Go to a Nissan dealership to buy a $25K Sentra loaded with standard goodies — auto high beams, adaptive cruise control, wireless Apple CarPlay/Android Auto — but be sure to wander over to the $45K Murano Platinum SUV and ...Read more

Justin Sullivan/Getty Images North America/TNS

Intel gives one of its grimmest forecasts ever, slamming shares

Business / Business News /

Intel Corp. is forecasting one of the worst quarters in its history, touching off a broader selloff of chips companies as a slowdown in personal-computer sales ravages the industry.

Late Thursday, Intel gave a sales range that missed analysts’ estimates by billions of dollars, warning that revenue could fall to the lowest quarterly level ...Read more

L.E. Baskow/Las Vegas Review-Journal/TNS

Las Vegas Strip hotels colluded, inflated room rates, lawsuit claims

Business / Business News /

A class-action lawsuit filed Wednesday alleges hotel operators on the Las Vegas Strip colluded to artificially inflate the prices of hotel rooms to above competitive levels.

Attorneys with Seattle-based law firm Hagens Berman say a revenue management platform employed by a majority of Strip hotels uses real-time pricing and supply information ...Read more

BuzzFeed shares surge 120% on plans to embrace OpenAI

Business / Business News /

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

The stock rose by 120% Thursday, bringing BuzzFeed’s market value to nearly $300 million, in its biggest gain since going public via a blank-check merger in December 2021. The news sparked a trading ...Read more

Win McNamee/Getty Images North America/TNS

Boeing-DOJ 'sweetheart deal' decried by victim's wife

Business / Business News /

Naoise Connolly Ryan told a Texas judge she’s refused any of the $500 million Boeing Co. was required to set aside to compensate families of 737 Max crash victims under a deferred prosecution agreement with the U.S. government.

“The secret sweetheart deal is not justice,” Ryan, who’s husband Mick was killed in an Ethiopian Airlines ...Read more

Dreamstime/Dreamstime/TNS

Investors focus ESG on contrast between climate words and actions

Business / Business News /

Investors will ramp up their scrutiny of corporate political spending this spring with a specific focus on whether companies’ advocacy and lobbying align with the climate goals of the Paris Agreement.

The increased attention is coming from asset managers targeting environmental, social and governance issues, as well as advisory firms that are...Read more