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Dreamstime/TNS/TNS

eBay will slash nearly 200 Bay Area jobs as tech layoffs worsen

Business / Business News /

SAN JOSE, California — eBay has revealed plans to eliminate nearly 200 Bay Area jobs, grim cutbacks that add to a rising mountain of local layoffs orchestrated by tech and biotech companies, a filing Tuesday with state officials shows.

The online auction and shopping e-commerce company said it would undertake layoffs that are slated to affect...Read more

Steven Cukrov/Dreamstime/TNS

Molson Coors back in the Super Bowl after 33 years, partnering with DraftKings on $500,000 commercial contest

Business / Business News /

Shut out of the Super Bowl for more than three decades, Molson Coors is back in the Big Game, partnering with DraftKings on a whimsical $500,000 beer commercial contest.

Fans who correctly guess the most “prop bets,” such as how many guys with facial hair will appear in the Molson Coors commercial during the first half of Sunday’s game, ...Read more

Dreamstime/Dreamstime/TNS

Microsoft to add AI features to Bing and Edge in growing tech rivalry

Business / Business News /

Microsoft will add artificial intelligence-powered features, including chat, to its search engine, Bing, and its browser Edge, the software giant announced at a day-long event at its Redmond campus on Tuesday. The move signals the importance tech companies have recently placed on AI.

"It's a new day in search, it's a new paradigm for search, ...Read more

Yuri Gripas/Abaca Press/TNS

Powell says further rate hikes needed and markets take heed

Business / Business News /

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.

In particular, Powell floated the idea during an event in Washington on Tuesday that borrowing costs may reach a higher peak than traders and policymakers anticipate.

The talk was Powell�...Read more

Universal Hydrogen/TNS/TNS

FAA clears hydrogen-powered airplane for first flight

Business / Business News /

The dream of carbon-free flight is inching toward some reality.

The Federal Aviation Administration on Monday granted California-based Universal Hydrogen clearance to proceed with a first flight of its hydrogen-powered Dash-8-300 test airplane at Moses Lake, Washington.

On Friday, the aircraft began initial ground taxi tests and on Monday the ...Read more

Mike Stocker/Sun Sentinel/TNS

Are mortgage rates finally on the downturn? Here's what buyers need to know

Business / Business News /

Many homebuyers — already stretched thin by high home prices — have been waiting eagerly for mortgage rates to fall.

And it appears that relief might be on the way. In the past six weeks, mortgage rates have dropped at least a full percentage point from the record highs seen in the fall of last year.

“For buyers, there is a lot of ...Read more

Mike Siegel/Seattle Times/TNS

Boeing to slash about 2,000 white-collar jobs in finance and HR

Business / Business News /

At the end of last month, on the same day that Boeing touted plans to hire 10,000 people this year, senior leadership convened virtual meetings internally to break bad news to nonunion staff in human resources and finance.

Despite the growth elsewhere, those corporate positions will be slashed through substantial job cuts and layoffs.

"We ...Read more

Powell says further rate hikes needed amid 'strong' labor market

Business / Business News /

Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.

“We think we are going to need to do further rate increases,” Powell said Tuesday in a question-and-answer session with ...Read more

On the first-ever India Giving Day, the highest-earning ethnic group in the US gets a chance to step up and help their homeland

Business / Business News /

Members of the Indian diaspora living in the U.S. are being urged to step up and channel money back to the homeland during a 24-hour charitable drive.

On March 2, 2023, the first India Giving Day will take place. The plan is to encourage U.S.-based donors, especially the nation’s 2.7 million Indian immigrants and the roughly 1.3 ...Read more

Roxana Popescu/The San Diego Union-Tribune/TNS

Stop doomscrolling and get back to work! Expert helps workers unplug

Business / Business News /

Attention, phone scammers and telemarketers: About 50 people in San Diego are now better equipped to deal with you after they listened to a talk Wednesday given by Nicole Rawson, a digital wellness expert.

At the end of her presentation, Rawson guided people how to take out their iPhones, pull up the Settings menu, then navigate to a feature ...Read more

Dreamstime/Dreamstime/TNS

As long-term care staffing crisis worsens, immigrants can bridge the gaps

Business / Business News /

When Margarette Nerette arrived in the United States from Haiti, she sought safety and a new start.

The former human rights activist feared for her life in the political turmoil following the military coup that overthrew President Jean-Bertrand Aristide in 1991. Leaving her two small children with her sister in Port-au-Prince, Nerette, then 29,...Read more

Dreamstime/Dreamstime/TNS

A clear target emerges in tech layoffs: Middle managers

Business / Business News /

As Meta Platforms Inc., Alphabet Inc. and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager.

Meta will be cutting some layers of management, Chief Executive Officer Mark Zuckerberg said on the company’s earnings call last Wednesday, naming 2023 its “Year ...Read more

Don't fall for a 'Final Demand for Payment' letter this tax season

Business / Business News /

Scam artists are trying to take advantage of Pennsylvania taxpayers with a phony letter claiming to be "final demand for payment" on a lien.

It's a recurring scam that has been reported to the commonwealth's Department of Revenue, which on Monday warned residents not to become the next victim.

"We want Pennsylvanians to remember four simple ...Read more

Newsom wants the feds to investigate California's high natural gas prices

Business / Business News /

Gov. Gavin Newsom on Monday jumped into the debate over the spike in natural gas prices affecting millions of California utility customers, calling on federal regulators to look at whether gouging or market manipulation is at work.

And on the local level, a few dozen protesters vented their frustrations in front the headquarters of San Diego ...Read more

Google releases ChatGPT rival AI 'Bard' to early testers

Business / Business News /

Alphabet Inc.’s Google is getting its ChatGPT competitor ready for prime time.

The company said on Monday that its new conversational AI service, called Bard, would be opening up to trusted testers, and that it is readying the service for the public “in the coming weeks.” The technology aims to generate detailed answers when given simple ...Read more

Robert Cohen/St. Louis Post-Dispatch/TNS

'Is it actual weed?' First weekend of recreational pot sales open in Missouri to joy and exuberance

Business / Business News /

ST. LOUIS — Steve Campbell was ready with a joke.

Campbell was the first person at the Good Day Farm marijuana dispensary in the Central West End on the first day recreational-use marijuana was sold in Missouri.

He walked through the door to applause from staff. But Campbell, 67, had a confused look on his face. "This isn't St. Louis Bread ...Read more

Philly employers are desperately seeking tech workers even as Silicon Valley giants are laying off thousands

Business / Business News /

Major layoffs at big technology companies have dominated national headlines in recent months, seemingly portending doom and gloom for tech workers. But the reality for most companies, including Philadelphia employers, is a continuing shortage of skilled technologists and a desire to hire more.

Recent cuts at Google, Microsoft, Amazon, ...Read more

Nelvin C. Cepeda/The San Diego Union-Tribune/TNS

TikTok influencer left a $1K tip. Now, this San Diego taco vendor is busier than ever

Business / Business News /

A week ago, Teodoro Jimenez would bring in about $400 on a good day selling tacos from his pop-up tent on South 43rd Street in San Diego's Shelltown neighborhood near National City. That changed after his business, Blue Fire Bliss, went viral on TikTok this week, and now he's busier than ever.

There's no shortage of places to get tacos and ...Read more

Christian Petersen/Getty Images North America/TNS

Move over crypto, booze ads are flooding the Super Bowl

Business / Business News /

Move over crypto. Booze is back.

For the first time in more than three decades, Super Bowl viewers will see ads from alcohol brands other than Anheuser-Busch InBev SA. In June, the Budweiser brewer gave up its rights as the exclusive alcohol brand in the big game, giving other beer and liquor makers a turn in the spotlight.

“We’ve been ...Read more

Dreamstime/Dreamstime/TNS

Homebuyers lured by dip in mortgage rates still higher than a year ago

Business / Business News /

ATLANTA — It wasn’t the price, it was the rate.

Kevin Johnson and his wife closed in December on a newly constructed, five-bedroom, three-bath home in Dallas for $449,000 — $100,000 more than the price they got for their Powder Springs, Georgia, home — a move they weren’t making because they really wanted to leave their home of eight ...Read more