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For some, TikTok is a path to riches and the American dream. With a ban, it could all disappear

Business / Business News /

When Lauren Wyman felt crushed under the weight of her corporate finance job in 2019, she found solace in launching a small goth and alternative clothing business.

She initially made Facebook and Instagram accounts for her shop, Dark Mother Clothing, but generated only $5,000 to $6,000 in sales the first year. Wyman, 32, joined TikTok at the ...Read more

MANDEL NGAN/Getty Images North America/TNS

Fain wins historic UAW presidential race, will be sworn in Sunday

Business / Business News /

DETROIT — United Auto Workers presidential candidate Shawn Fain has defeated incumbent Ray Curry in a historic, first-ever direct election for the union's highest office, the federal monitor overseeing the vote confirmed Saturday afternoon.

Fain will be sworn in on Sunday according to the monitor, clearing the way for him to lead the UAW's ...Read more

Michael N. Todaro/Getty Images North America/TNS

Vince McMahon reimburses WWE $17.4 million for investigation into misconduct allegations

Business / Business News /

Vince McMahon has footed the $17.4 million bill for the WWE’s investigation into the misconduct allegations raised against him, which triggered his brief retirement.

The wrestling executive reimbursed the sports entertainment company on Thursday for all costs associated with the probe through Jan. 31, according to an SEC filing by the WWE on ...Read more

Justin Sullivan/Getty Images North America/TNS

Gordon Moore, Intel co-founder who coined chip rule, dies at 94

Business / Business News /

Gordon Moore, the Intel Corp. co-founder whose theory on computer-chip development became the yardstick for progress in the electronics industry, has died. He was 94.

Moore died peacefully surrounded by family at his home in Hawaii on Friday, the Gordon and Betty Moore Foundation said in a statement.

A founder of industry pioneer Fairchild ...Read more

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Attorney for former Marvel executive Victoria Alonso says she was silenced as 'a gay Latina.' Disney calls claim 'unfortunate'

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LOS ANGELES — An attorney representing former Marvel Studio executive Victoria Alonso, who was fired earlier this week from the Walt Disney Co.-owned superhero juggernaut, is firing back at reports that she was pushed out over an Oscar-nominated film she produced.

The Hollywood Reporter on Friday published a story citing unnamed sources who ...Read more

Arturo Holmes/Getty Images North America/TNS

Attorney for former Marvel executive Victoria Alonso says she was silenced: 'A gay Latina who had the courage to criticize Disney'

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LOS ANGELES — An attorney representing former Marvel Studio executive Victoria Alonso, who was fired earlier this week from the Walt Disney Co.-owned superhero juggernaut, is firing back at reports that she was pushed out over an Oscar-nominated film she produced.

The Hollywood Reporter on Friday published a story citing unnamed sources who ...Read more

Melina Mara/Pool/Getty Images North America/TNS

Michael Hiltzik: Biden says he wants to bring down drug prices. His actions tell a different story

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You might get the impression from the Biden administration's insulin price cut and its initiative allowing Medicare to negotiate over other pharmaceuticals that the drug pricing issue is finally being taken seriously in Washington.

Sadly, no.

The evidence that nothing much has changed arrived just this week, with a notice from the Department ...Read more

Philip Pacheco/Getty Images North America/TNS

Brian Merchant: Silicon Valley elites are afraid. History says they should be

Business / Business News /

It’s become a common refrain among a certain set of Silicon Valley elite: They’ve been treated so unfairly. Case in point: Even after their bank of choice collapsed spectacularly — in no small part of their own doing — and the federal government moved with dispatch to guarantee all its deposits, tech execs and investors nonetheless spent...Read more

Kent Nishimura/Los Angeles Times/TNS

TikTok might get banned after 'disaster' testimony. Why do some TikTokers not care?

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The U.S. government may be inching toward a radical restructuring of TikTok, if not an outright ban on the Chinese-owned social media app. But to Jaci Butler, an internet personality and singer with 4 million followers on the embattled platform, the commotion is old hat.

“I’m just kind of shut off from it,” said Butler, 27, from Los ...Read more

Jim Mahoney/Boston Herald/TNS

Red Sox are trying to trademark 'Boston' for clothes, entertainment services: 'These are absurd filings'

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Two trademark applications for the word “Boston” were filed this month under the Red Sox name — an aggressive proposal that trademark law experts laughed at and stressed has an “extremely low” chance of getting approved by the federal government.

The filings, which can be found on the United States Patent and Trademark Office website,...Read more

Justin Sullivan/Getty Images North America/TNS

A tech job still pays $120 an hour despite mass layoffs

Business / Business News /

Mass layoffs across the U.S. technology industry have now claimed well over 300,000 jobs.

And yet, companies are still hiring in areas they see as mission-critical. Contract positions are still commanding $120-an-hour wages. The industry hasn’t seen cuts this deep since the dot-com bubble burst, but Linda Lutton, who has been recruiting for ...Read more

Mark Reinstein/Zuma Press/TNS

Grain Belt Express, a four-state power line project, may finally pass in Missouri

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ST. LOUIS — After a decade of setbacks, Missouri and Kansas may grant final approvals this year to the massive, four-state Grain Belt Express power transmission project, which promises to deliver wind power across the Midwest.

The project has faced various rejections, sticking points, and other hurdles over the past decade, but secured a ...Read more

Alex Kormann/Minneapolis Star Tribune/TNS

3M's next mission: Extending the travel range of EV batteries

Business / Business News /

Pick any electric vehicle on the street. From the battery pack to the panel display, 3M's products are all over it, even if you won't find the company's logo anywhere.

The company is leveraging its history in the auto industry to get a slice of the fast-growing electrification market. Carmakers come to the seasoned Maplewood-based conglomerate ...Read more

Lucid Motors/TNS

Auto review: 2023 Lucid Air soars past the luxury EV market

Business / Business News /

Wow.

Of the thousands of cars, trucks and pickups I have reviewed in 28 years, there are few that have elicited that short, simple declaration. But it aptly sums up the week I spent with the Lucid Air Grand Touring.

Designed in California and built in Arizona, the Air Grand Touring throws down the gauntlet against the industry’s finest ...Read more

Jim Frenak-FPI Studios/GMC/TNS

Auto review: Hummer EV Pickup is unfathomable

Business / Business News /

The name Hummer is no secret in the automobile industry, but one that has gone dormant for many years. With the elimination of Hummer in the GM organization back in the 2000s, the big and brawny gas guzzler fazed itself right out of business. In 2022, that changed as GM needed to evolve something extravagant to introduce into the EV market, and ...Read more

Stellantis/Stellantis/TNS

Auto review: Affordable Hornet GT brings Dodge sting to compact SUVs

Business / Business News /

ASHEVILLE, North Carolina — You know it as soon as you grip the steering wheel on the Dodge Hornet. This SUV wants to play.

Direct, weighted and rooted to the road, Hornet’s steering was a carving tool in my hands as I rushed the twisties up the Blue Ridge Parkway southeast of Asheville. The scenery was stunning, but the compact SUV offered...Read more

Ed Jones/AFP/Getty Images North America/TNS

The Week Ahead: Congressional hearings on bank failures should also ask about credit conditions

Business / Business News /

First came the spectacularly quick bank failure. Then came the fears of a financial contagion. Now get ready for the congressional hearings.

Federal financial watchdogs will appear before two Capitol Hill committees in the week ahead, beginning with the Senate Banking Committee on Tuesday. FDIC Chairman Martin Gruenberg, Federal Reserve Vice ...Read more

Starbucks CEO focuses on new role, avoids labor issues in investor call

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Starbucks new CEO Laxman Narasimhan led his first shareholder annual meeting Thursday, facing investors' questions just days after he took over the role from longtime leader Howard Schultz.

Shareholders presented five proposals, including a more robust CEO succession plan and an assessment on the company's alleged anti-union practices. Seattle...Read more

Olivier Douliery/AFP/Getty Images North America/TNS

China's opposition to TikTok sale complicates the picture -- and relations with the US

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The latest U.S.-China clash over the popular social media app TikTok is likely to worsen the already-deteriorating relationship between the two countries, as Beijing and Washington tussle over software bans, technology exports and concerns about espionage and national security.

Last week, the Biden administration renewed Trump-era efforts to ...Read more

Ford teases 'Project T3,' next-gen electric pickup to be built in Tennessee

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"Trust the Truck."

That's the saying behind the code name of the next-generation F-Series truck Ford Motor Co. will build at its under-construction, $5.6 billion mega-campus in West Tennessee. The Dearborn automaker on Friday offered its first teaser on the product that will be built at BlueOval City, revealing that it is codenamed 'Project T3....Read more