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Biden faces political, auto industry pressure as EPA emissions decision nears

Business / Business News /

WASHINGTON — Donald Trump wants to create an electric vehicle problem for Joe Biden in Michigan — but the sitting president already has one.

After almost a year of pressure from automakers and industry groups, the Biden administration is expected to soften proposed regulations meant to sharply curb vehicle emissions and promote EVs, two ...Read more

Dania Maxwell/Los Angeles Times/TNS

Quiet quitting. RTO. Coffee badging. What this new vocabulary says about your workplace

Business / Business News /

Abygail Liera sympathized when she first read about people who were “quiet quitting,” refusing to go above and beyond at their jobs.

But it wasn’t until a few months later that she understood.

The resident of Los Angeles' Winnetka neighborhood got a new boss and was expected to train him, but when she asked for a raise, she said she was ...Read more

John Spink/The Atlanta Journal-Constitution/TNS

UPS employees return to office five days a week

Business / Business News /

White collar workers at UPS streamed back into the office on Monday, the first day a new policy requiring them to come in person five days a week took effect.

The new policy, announced in January, makes UPS one of the most high-profile Georgia companies to mandate white collar workers report in person since the pandemic.

“Today we welcomed ...Read more

Ellen M. Banner/The Seattle Times/TNS

FAA audit faults Boeing for multiple instances of quality lapses

Business / Business News /

The Federal Aviation Administration said Monday its audit of Boeing and supplier Spirit AeroSystems “found multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements.”

The FAA’s six-week audit was prompted by the Jan. 5 incident when a door-sized panel blew out of a Boeing 737-9 Max ...Read more

Apple's $2 billion fine heralds a new antitrust dawn

Business / Business News /

Another day, another multibillion-dollar regulatory fine from Europe that will barely dent the balance sheet of a technology giant. Only this time the European Commission’s $2 billion penalty against Apple Inc. marks the end of an old, clunky era, and the start of a new one where trust-busters can be quicker and more efficient in policing ...Read more

Meg Graham/Chicago Tribune/TNS

Microsoft Ignite conference returns to Chicago in November after 9-year hiatus

Business / Business News /

Nearly a decade after holding its first Microsoft Ignite event in Chicago — and then abruptly pulling up stakes for other cities — the software giant’s annual information technology conference is coming back to McCormick Place in November.

Microsoft’s return engagement, announced Monday, is expected to bring thousands of IT ...Read more

Gareth Cattermole/Getty Images North America/TNS

Elon Musk loses world's richest person title to Jeff Bezos

Business / Business News /

For the first time in more than nine months, Elon Musk is no longer the world’s richest person.

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.

It’s the first time that Bezos, 60, ...Read more

Mandel Ngan/AFP/Getty Images North America/TNS

US funding deal delivers blow to DOJ antitrust probes of Apple, Ticketmaster

Business / Business News /

A spending deal to keep the federal government operating through September would curb funding available to antitrust enforcers, potentially hindering high-profile investigations into Apple Inc. and Live Nation Entertainment Inc.’s Ticketmaster.

The measure, set to be voted on this week, would limit the Justice Department antitrust division’...Read more

RJ Sangosti/The Denver Post/TNS

Denver International Airport baggage screening breakdown blocked 2,000 bags from flights

Business / Business News /

DENVER — Denver International Airport officials on Monday were trying to sort out a baggage system breakdown that blocked about 2,000 bags from flights and delayed travelers on Sunday, the latest of recurring baggage system problems at DIA.

DIA staffers had to manually process and haul bags between 8:30 a.m. and the resumption of “normal”...Read more

Ford sales gain in February, boosted by EVs and hybrids

Business / Business News /

Ford Motor Co.'s U.S. sales grew almost 11% in February, boosted by increases in deliveries of hybrid and electric vehicles.

The Dearborn, Michigan, automaker on Monday reported selling 174,192 vehicles last month, up from 157,606 in February 2023. Despite concerns of EV sales not increasing at the rates they once had, their deliveries were up ...Read more

Elizabeth Flores/Minneapolis Star Tribune/TNS

4,000 janitors went on strike Monday in Twin Cities; 1,000 nursing home workers plan the same on Tuesday

Business / Business News /

More than 4,000 janitors walked off the job at 100 office Twin Cities office buildings Monday after their union failed to reach contracts with dozens of employers during lengthy weekend bargaining.

Waving signs and chanting "We are the Union" and "Shut it Down," scores of janitors from SEIU Local 26 picketed throughout the day Monday in front ...Read more

Julia Nikhinson/AFP/Getty Images North America/TNS

Powell to face pressure on rates from Democrats, bank rules from Republicans

Business / Business News /

Jerome Powell faces heightened pressure this week from Democrats who want interest-rate cuts to keep the economy humming in an election year and Republicans who want him to scrap a plan to boost bank capital.

The Fed chair heads to Capitol Hill on Wednesday and Thursday for his semiannual testimony before Congress, two years after the central ...Read more

Jason Armond/Los Angeles Times/TNS

He claims to have saved California homeowners billions. The insurance industry hates him

Business / Business News /

Insurance industry groups have called it a "bomb-throwing bogus advocacy" group, a "publicity-seeking, dark money front," and an organization out to protect its own "financial $elf-interest$."

These are the kinds of attacks that Harvey Rosenfield and Consumer Watchdog, the advocacy group he founded nearly 40 years ago, have come to expect.

But...Read more

Waymo is cleared to launch robotaxi service in Los Angeles, sparking new protests

Business / Business News /

California regulators have given the green light for Waymo to expand into Los Angeles County, clearing the way for the driverless taxi service to launch into a new massive market in the coming months.

But the move is sparking protests from local leaders, who have safety concerns after a rocky rollout in San Francisco.

Exactly when Waymo ...Read more

Hollywood crew members take center stage as IATSE negotiations kick off

Business / Business News /

LOS ANGELES — Thousands of Hollywood crew members and their supporters gathered Sunday in the crisp morning air and muddy fields at Encino's Woodley Park in a show of support ahead of contract negotiations that begin this week with the major film and TV studios.

Slogans such as "Fighting for living wages," and "Nothing moves without the crew...Read more

Motormouth: How often should I plug in my car?

Business / Business News /

Q: We recently purchased a 2023 EV Hybrid Toyota Rav 4 Prime, and we absolutely love it but have different opinions on how best to charge it. My husband believes that we should plug it in every single time we drive, even if we have used only a few miles of the electric capabilities. I prefer to use up most of the electrical capacity, as we can ...Read more

Nvidia becomes Tesla's successor as market flips from EV to AI

Business / Business News /

Nvidia Corp.’s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth when those hopes turned to disappointment.

That stock belongs to Tesla Inc., which sparked ...Read more

Dreamstime/Dreamstime/TNS

Google trims jobs in trust and safety while others work 'around the clock'

Business / Business News /

Alphabet Inc.’s Google is laying off a handful of employees on its trust and safety team as part of broader staff cuts, even as it’s asking members of that group to be on standby over the weekend in order to troubleshoot problematic outputs related to its flagship generative AI tool, Gemini.

The cuts in the trust and safety solutions group ...Read more

Karl Mondon/Bay Area News Group/TNS

California approves Waymo's request to expand driverless robotaxis

Business / Business News /

California state regulators on Friday approved Waymo’s request to allow driverless taxis to operate on the Peninsula.

The California Public Utilities Commission (CPUC) stated in a disposition letter that Waymo’s driverless taxis can begin picking up fared passengers immediately.

Waymo’s updated passenger safety plan and the new features ...Read more

S&P 500 posts 15th record this year as tech roars: Markets wrap

Business / Business News /

The stock market powered ahead amid a renewed rally in technology companies, with traders also sifting through the latest remarks from a slew of Federal Reserve speakers for clues on the interest-rate path.

The S&P 500 topped 5,100 — hitting its 15th record this year. Traders looked past weak economic data amid bets policymakers will be able ...Read more