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Ride-share prices are rising. Will they ever go back down?

Business / Business News /

The number of tourists, office workers and partyers venturing out in Chicago is ticking up, and ride-share prices are rising with them.

The surge has left many riders wondering: when will prices go back down?

Ride-share users paid an average of $26.43 per trip in June, Chicago city data shows — the highest monthly average since the city ...Read more

Armando L. Sanchez/TNS

Chicago weed shops stock up for Lollapalooza: 'Cannabis and music festivals go as far back as Woodstock'

Business / Business News /

Marijuana has long been an illicit yet integral part of the annual Lollapalooza music festival in Chicago. This year, it’s legal for the first time in the event’s 30-year history, and potentially big business.

The four-day event begins Thursday in Grant Park, and nearby Chicago cannabis dispensaries are stocking up and staffing up for what ...Read more

Luis Sinco/Los Angeles Times/TNS

Biden wants more housing units as Hill Democrats urge rental aid

Business / Business News /

As lawmakers work their way through infrastructure proposals and appropriations bills, Democrats are confronted with a gap between President Joe Biden and members of Congress over how to address what both see as a big shortage of affordable housing.

The lines between the two aren’t always clear, but the president is broadly using the ...Read more

Christopher Reynolds/TNS

Flight attendants say airlines must do more to address unruly passengers

Business / Business News /

As air travel demand increases, a vast majority of flight attendants say they have dealt with unruly passengers and nearly 1 in 5 experienced a physical incident, including shoving, kicking seats and harassing flight crews at airports, according to a survey of flight attendants released Thursday.

The Assn. of Flight Attendants-CWA conducted the...Read more

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Real estate Q&A: What can homeowners do when the HOA board isn't doing its job?

Business / Business News /

Q: Our association’s board of directors is not doing their job. Overgrown landscaping, boats and inoperable vehicles in driveways, and houses that need painting are among the many problems in our community. What can a homeowner do when their board and management company are ineffective? — Margaret

A: The board of directors of your community...Read more

US economic growth surges 6.5% in second quarter, roaring back to pre-pandemic levels

Business / Business News /

WASHINGTON — Even with new pandemic worries and widespread product and labor shortages, U.S. economic growth surged in the second quarter, lifting the nation’s total output above where it was before COVID-19 hit, according to government data released Thursday.

The Commerce Department said the economy expanded at an annual rate of 6.5%in the...Read more

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Sign-up window for free COBRA coverage for many laid-off workers closes this week

Business / Business News /

After being laid off from her job as a systems analyst for a specialty chemicals company in December, Gabriela de Pompignan opted to hang on to her former employer’s insurance coverage under the federal law known as COBRA. Typically, laid-off workers pick up the total cost of premiums under COBRA, but her company paid roughly 75% of the ...Read more

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Renters search for more space as COVID leaves them working at home

Business / Business News /

Many renters are ramping up their searches for bigger places after COVID-19 forced them to work more than a year at home.

Although workers are gradually returning to their regular offices this summer, many are still being allowed to work at home full time or for portions of their workweeks.

Since the pandemic struck down the economy in March ...Read more

Matias J. Ocner/Miami Herald/TNS

Cruise industry charts summer comeback, but it's far from smooth sailing

Business / Business News /

Karen Matzel wanted to be first.

She was one of the last passengers to disembark the Celebrity Edge cruise ship in Fort Lauderdale, Fla., on March 15, 2020, as COVID-19 shut down the industry, and she wanted to be the first to step back on board during its restart cruise last month. As she wound her way through the switchbacks of the gangway, ...Read more

Steve Ringman/TNS

Seattle struck a 'grand bargain' on housing. Initial results are coming into view

Business / Business News /

The "grand bargain" that Seattle politicians and developers struck for larger buildings and affordable housing is starting to yield some results.

Under the new Mandatory Housing Affordability program formulated in 2015, the city agreed to relax zoning restrictions in more than two dozen neighborhood hubs while requiring developers in those ...Read more

Barbara J. Perenic/The Columbus Dispatch/TNS

Farmers make progress in improving water quality, but much work remains

Business / Business News /

Fred Yoder found that applying nitrogen-infused fertilizer to his fields three times in a growing season instead of all at once helped his crops use the nutrient more efficiently, and less nitrogen ended up in rivers and streams.

The move also saves the Plain City, Ohio, farmer money. If fertilizer stays in the soil, he doesn't have to buy as ...Read more

Eduardo Contreras/The San Diego Union-Tribune/TNS

Qualcomm rides global 5G wave as revenue jumps 65%

Business / Business News /

Despite supply constraints, Qualcomm rode the rising 5G smartphone wave and continued uplift from mobile technologies spilling into new industries to post better-than-expected financial results during its fiscal third quarter.

The San Diego wireless technology giant on Wednesday said its quarterly sales rose 65 percent from a year ago to $8.1 ...Read more

Daniel Mears/The Detroit News/TNS

Ford posts second-quarter profit, improves full-year outlook as supply-chain woes linger

Business / Business News /

Ford Motor Co. reported better-than-expected second-quarter financial results and improved its outlook for the full year, even as it continues to battle supply-chain constraints that have caused delays in delivering hotly-anticipated new vehicles such as the Bronco.

Despite being hit hard by a months-long global shortage of computer chips, the ...Read more

Steve Fecht/TNS

GM to restart truck plants but plans other production cuts

Business / Business News /

General Motors Co. is restarting its full-size trucks plants next week after a week of production impacts caused by the global semiconductor shortage, but other facilities face additional downtime, the automaker said Wednesday.

GM's Flint Assembly, where heavy-duty trucks are built, went down to one shift this week, while light-duty truck ...Read more

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Susan Tompor: IRS issues new batch of 1.5 million unemployment refunds

Business / Business News /

Another round of extra tax refund cash began hitting bank accounts Wednesday as the Internal Revenue Service sent money to taxpayers in the middle of an abrupt change in the rules relating to jobless benefits.

About 1.5 million people received an average of $1,686 this week after the IRS adjusted its federal income tax returns. Refunds by paper...Read more

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Philly's Delivery Guys is a start-up ready to compete with food delivery giants such as Grubhub, UberEats. Here's how it will do it

Business / Business News /

Richard Hernández bought Sabor Rico Bakery (formerly known as A&Y) in Philadelphia's Franklinville neighborhood in December 2019, three months before the pandemic hit. He didn't even get the chance to change the store's sign before he found himself struggling to keep his small business open.

While managing the store, the Puerto Rican business ...Read more

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Fast internet everywhere could add $160 billion to US economy

Business / Business News /

The U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed internet plan that would boost labor productivity and allow more people to work from home, according to new research.

The study, which is based on survey data, attempts to put precise numbers on one of the bigger unknowns in President Joe ...Read more

Go Nakamura/Getty Images North America/TNS

Can employers force workers to get vaccinated? Here's what we know

Business / Business News /

Los Angeles and a growing number of other government entities are taking a new stand in the fight against the coronavirus.

They are requiring employees to provide proof of vaccination against COVID-19 or undergo weekly testing to show they are negative for the illness.

The move gets to the heart of an issue that both public and private ...Read more

David Becker/Getty Images North America/TNS

Activision Blizzard employees walk out, demand reforms in wake of discrimination suit

Business / Business News /

Employees at Activision Blizzard walked off the job Wednesday to protest the company’s response to an explosive lawsuit filed last week alleging pervasive discrimination and harassment against women.

The suit, filed against the company by the California Department of Fair Employment and Housing, largely focuses on the Blizzard division of the...Read more

Susan Stocker/TNS

Despite DeSantis' court win, cruise lines choosing to follow CDC guidelines

Business / Business News /

Cruise lines that operate from Florida ports have no intention of violating federal health and safety guidelines even as Gov. DeSantis’ celebrates a recent court ruling stripping the Centers for Disease Control and Prevention of authority over cruising in the state.

All major cruise lines intend to voluntarily remain in compliance with the ...Read more