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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

Dreamstime/Dreamstime/TNS

Pain at the pump: Gas in Nevada least affordable in US

Business / Business News /

LAS VEGAS — Gas prices have been a hot topic over the past year with the volatile crude oil market largely tied to the ongoing Russian invasion of Ukraine and inflation.

In Southern Nevada, the area’s dependence on California for gasoline adds another wrinkle to the issue. Any time refineries in Southern California have an issue, prices go ...Read more

Dreamstime/TNS

Alexis Leondis: How to pay for a renovation if you can't afford to move

Business / Business News /

About two-thirds of homeowners with mortgages are sitting pretty with a rate below 4% — and feeling stuck. With rates almost double where they were last year, housing inventory stubbornly low, and prices still high, they can’t afford to move.

It may be easier to fix what you don’t like about your current house than to find a new one. ...Read more

Christina House/Los Angeles Times/TNS

Brian Merchant: How tech is changing LA -- and how LA is changing tech

Business / Business News /

Is tech OK? It's not just the mass layoffs. It's that, to an alien observer, many of the most hyped ideas emerging from America's vaunted tech industry over the last few years would seem untethered from reality, if not outright unhinged.

Facebook renamed itself Meta and pitched us the metaverse, insisting we'll all soon want to immerse ...Read more

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

Elon Musk says he saved Twitter from 'bankruptcy'

Business / Business News /

Elon Musk says Twitter Inc. is “trending to breakeven” after he had to save it from “bankruptcy.”

The billionaire said in a tweet Sunday that the last three months were “extremely tough.” He had to juggle the rescue of the social media platform with responsibilities at two other companies he oversees — Tesla Inc. and Space ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

As new owner picks up pieces of custom-furniture e-tailer Interior Define, thousands of customers remain in limbo

Business / Business News /

When Cherilyn Church took the plunge in May and bought a $5,700 sectional from Interior Define, the Chicago-based custom furniture retailer, she envisioned it as a dream centerpiece for her home.

Choosing everything from the size and color to cushion fill, she financed the purchase and began making monthly payments, waiting for a promised ...Read more

Justin Sullivan/Getty Images North America/TNS

'Teflon' Elon wins again as jury rejects fraud claim over tweets

Business / Business News /

Elon Musk proved once again that he’s difficult to beat in court.

On Friday, a federal jury in San Francisco took just two hours to clear the Tesla Inc. chief executive officer of claims by investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make ...Read more

New waves of tech layoffs will eliminate more than 1,000 Bay Area jobs

Business / Business News /

FREMONT — Five tech companies, including software and hardware firms, have revealed plans to slash well over 1,000 Bay Area jobs, marking a fresh wave of cutbacks, new state government filings show.

Lam Research, Salesforce, Workday, Splunk and Autodesk have disclosed their intentions to eliminate about 1,089 jobs at an array of Bay Area ...Read more

Gary Coronado/Los Angeles Times/TNS

Housing costs trouble Bay Area residents more than elsewhere in California, new poll finds

Business / Business News /

As the Bay Area struggles to confront a chronic housing shortage and million-dollar home listings, a new poll indicates residents here are more concerned than most Californians about the high cost of housing.

The survey by the nonprofit Public Policy Institute of California, found 80% of Bay Area residents see housing affordability as a big ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

Microsoft confirms it's pausing plans for 90-acre Atlanta hub

Business / Business News /

Microsoft confirmed Friday it has stopped work on its gigantic campus in Atlanta’s Westside that was poised to bring thousands of jobs, act as a new hub for the technology giant and become a defining cornerstone of the area.

A Microsoft spokesperson told The Atlanta Journal-Constitution the company “has decided to pause the planning process...Read more

Susan Walsh - Pool via CNP/CNP via ZUMA Press Wire/TNS

Michael Hiltzik: The bogus, homophobic campaign against Biden's stellar FCC nominee

Business / Business News /

No one should be surprised that telecommunications companies revved up opposition to the 2021 nomination of Gigi Sohn to the Federal Communications Commission. After all, Sohn was known as an effective critic of the industry's monopoly power and a defender of the public interest.

Nor was it surprising that the industry would attack Sohn with ...Read more

Mark Thompson/Getty Images North America/TNS

Ford to launch Formula 1 comeback after 20 years

Business / Business News /

Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.

Ford is partnering with Red Bull Powertrains to develop a next-gen hybrid power unit ...Read more

HONDA/TNS

Auto review: TrailSport takes Honda Pilot to higher ground

Business / Business News /

SEDONA, Arizona — The Honda Pilot is an excellent three-row SUV to drop the kids off at school or take them up Broken Arrow mountain trail to 4,200 feet for one the most breathtaking views in America.

Oh, I’m not kidding.

Broken Arrow is a bucket list item for anyone who enjoys the American West. It’s the exclusive territory of Sedona-...Read more

Mueller/Cadillac/Cadillac/TNS

What counts as an SUV? Treasury shifts definition for EV tax credits after carmaker complaints

Business / Business News /

WASHINGTON — The U.S. Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits.

The change is likely to be the difference between thousands of dollars in consumer discounts. Under new federal tax credits, SUVs...Read more

Tesla launched an EV price war. How Ford is firing back

Business / Business News /

In January, Tesla Inc. launched the opening salvo in what experts have described as an EV price war when it slashed its pricing by as much as 20%.

Last week, Ford Motor Co. fired back.

On Monday the Dearborn, Michigan, automaker announced across-the-board price cuts on the all-electric Mustang Mach-E. The cuts ranged from $600 to $5,900, with ...Read more

Henry Payne/The Detroit News/TNS

Auto review: Honda HR-V continues the commuter tradition

Business / Business News /

In 2023, with gas prices elevated and interest rates still rising, the cost to drive continues to go up and up. It's a good thing, then, that Honda's mindset has not changed. It continues to produce affordable vehicles that last a long time and meet or exceed commuters' expectations, all while looking good.

For years, Honda has set the ...Read more