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US wage increases show signs of peaking in welcome sign for Fed

Business / Business News /

U.S. wage growth looks to be peaking, a heartening development for the Federal Reserve if not for American workers.

After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and ...Read more

High gas prices hurt. But here's how diesel prices are slamming your wallet in hidden ways

Business / Business News /

LOS ANGELES — If you're wondering what's swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.

Record gasoline and diesel prices across the country are a major contributor to the kind of inflation not seen in 40 years, and it's worse in California, where both fuels cost more than anywhere else in ...Read more

Giorgio Viera/El Nuevo Herald/TNS

How a Miami mom followed the signs to start a printing business, then meet the president

Business / Business News /

MIAMI -- At age 10, when she arrived in the United States from Cuba after waiting four years to be reunited with her father, Jennifer Arniella didn’t dare to speak English. She was afraid that her middle school classmates would make fun of her, so she kept to herself and her small circle of friends from Homestead.

Arniella, who did not speak ...Read more

Henry Payne/The Detroit News/TNS

Henry Payne: Out on the town with stylish, expensive, masked-up Volvo Recharge twins

Business / Business News /

DETROIT — One of my favorite SUV personalities is the Volvo XC40. Cleverly designed inside and out, unique looks, Android operating system, legroom, storage aplenty.

And now it has a pair of electric 2022 Recharge siblings. Though it’s gonna be tough to beat the 355-mile-range gas model. On a wintry April day in Detroit, I had to make a day...Read more

Carline Jean/South Florida Sun Sentinel/TNS

Pay transparency laws raise women's salaries (and slightly lower men's)

Business / Business News /

The bestselling 2016 book “Hidden Figures,” later adapted into a popular film, told the story of Black female mathematicians who played an essential role in the U.S. space program in the 1950s and 1960s, but who faced racial discrimination and were paid less than their male counterparts.

The gender pay gap existed before the era portrayed ...Read more

Wally Skalij/Los Angeles Times/TNS

California DMV said it would investigate Tesla over self-driving claims. Then, crickets

Business / Business News /

It's been a year since the California Department of Motor Vehicles opened an investigation into Tesla's sales pitch for its Full Self-Driving feature, the $12,000 software package that supposedly enables a Tesla car to drive itself through city and neighborhood streets.

It's been nearly six months since the agency, under pressure from the state...Read more

Jim Watson/AFP/Getty Images North America/TNS

The Week Ahead: The forward momentum in the job market deserves respect

Business / Business News /

The monthly jobs report is the Rodney Dangerfield of economic statistics. It gets little respect yet has a big and important audience.

In good times, employment data is derided as “a lagging indicator,” as if just because it captures what the job market was, it is to be dismissed, especially by the stock market. In bad times, the job ...Read more

Stellantis/TNS/TNS

Casey Williams: Prepare your car and your mind for the best summer road trip

Business / Business News /

As a Boy Scout, I was taught to “Be Prepared.” Whether you are hiking over a mountain or preparing for a family vacation, the advice is sound. The best way to make sure your much-anticipated road trip does not become the trip from — well, somewhere not pleasant — is to take time to prepare.

Preparing your car

“Have your car checked ...Read more

KHALED DESOUKI/AFP/Getty Images North America/TNS

Sanctions against Russia risk exacerbating global famine, says new analysis

Business / Business News /

A new report from a leading political consultancy says increasing sanctions against wheat-rich Russia for its unprovoked invasion of Ukraine could trigger a "hunger hurricane" in North Africa, the Middle East and other famine-affected regions of the world.

The report raises difficult questions about war, sanctions and the consequences — ...Read more

YONG KIM/The Philadelphia Inquirer/TNS

Workers at 4 Philly Starbucks vote to unionize

Business / Business News /

Employees at four Philadelphia Starbucks voted this week to unionize — with workers at two stores voting unanimously — joining a wave of newly organized Starbucks across the country.

Five Philly shops in total voted on unionizing on Wednesday. Employees at 1945 Callowhill St., near the Barnes Museum, voted against unionizing, 10-4.

Stores ...Read more

Raquel Zaldivar/Chicago Tribune/TNS

Legislators and LGBTQ advocates call out State Farm after insurance giant pulls support for gender identity program

Business / Business News /

Illinois legislators and advocacy group Equality Illinois issued a joint statement Thursday calling out State Farm after the insurance giant pulled support for a gender identity school book program.

Facing backlash, Bloomington, Illinois-based State Farm ended its partnership this week with the GenderCool Project, a “youth-led” nonprofit ...Read more

Joe Burbank/Orlando Sentinel/TNS

El Al, Israel's national airline, relocating U.S. headquarters from NYC to Broward

Business / Business News /

El Al, the national airline of Israel, is moving its U.S. headquarters from New York to Margate in Broward County, according to the county mayor and the Greater Fort Lauderdale Alliance.

In a joint telephone interview Thursday with the South Florida Sun Sentinel, Mayor Michael Udine and David Coddington, senior vice president of business ...Read more

Carnival Cruise Line/Carnival Cruise Line/TNS

Carnival Freedom catches fire; cruise line to send 2nd ship to bring guests home to Port Canaveral

Business / Business News /

A Carnival Cruise Line ship that sails out of Port Canaveral became a spectacle Thursday morning with its iconic smokestack funnel engulfed in flames while docked in Grand Turk.

Carnival Cruise Line officials said in a statement the ship’s “emergency response team quickly activated and extinguished a fire inside the ship’s funnel while ...Read more

Cadillac/TNS/TNS

New EVs raise consumer interest but skeptics remain, JD Power study finds

Business / Business News /

With a number of new electric vehicles entering the U.S. market, auto shoppers are more likely than ever to consider going electric, according to a J.D. Power 2022 U.S. Electric Vehicle Consideration Study released Thursday.

In this year's study, the percentage of shoppers who say they are "very likely" to consider an EV for their next purchase...Read more

Joe Burbank/Orlando Sentinel/TNS

Central Florida farmers' fertilizer, fuel and feed costs soar, just like grocery prices

Business / Business News /

The price of corn to feed the thousands of chickens at Dale Volkert’s Lake Meadow Naturals in Ocoee, Florida, has doubled from $4 or $4.50 a bushel a year ago to $8 or $9 in May.

That’s just one of the expenses, along with higher fuel prices and other production needs, that are squeezing Central Florida farmers at the same time customers ...Read more

Dreamstime/TNS

Broadcom to buy VMware for $61 billion in record chip deal

Business / Business News /

Broadcom Inc. agreed to buy cloud-computing company VMware Inc. for about $61 billion, sealing one of the largest technology deals in history and advancing the chipmaker’s quest to become a force in corporate software.

VMware shareholders can choose to receive either $142.50 in cash or 0.2520 shares of Broadcom stock for each VMware share, ...Read more

Justin Sullivan/Getty Images North America/TNS

Delta cutting flights due to staffing, COVID-19, weather disruptions

Business / Business News /

Flight cancellations and short-staffing are already marring the start of the busy summer travel season, as Delta Air Lines warned of disruptions to flights over Memorial Day weekend and announced cuts to its flight schedule due to operational challenges.

Facing weather disruptions, short-staffing and an increase in COVID-19 cases among its ...Read more

Shelly Yang/Kansas City Star/TNS

Real estate Q&A: How do I make HOA keep neighbors' emotional support animals' fur out of my laundry?

Business / Business News /

Q: Our condo association recently allowed several residents to have emotional support animals, supposedly with proper vetting of the paperwork. I am very allergic to animal fur, and I will be sharing our floor’s laundry facilities with the animal owners. Is there anything I can do to prevent them from using the laundry facility, so I don’t ...Read more

Zhudi Feng/Dreamstime/TNS

Motormouth: Does turbocharger need extra care?

Business / Business News /

Q: My first turbocharged vehicle was a 2003 Volvo XC90 with a 5-cylinder engine. The owner's manual stated that the engine should be warmed up to allow the turbocharger to come to temperature before driving and let the turbo cool down for a couple minutes before shutting the engine off. I now have a 2015 Audi A5 with a turbocharged 4-cylinder ...Read more

Jim Watson/AFP/Getty Images North America/TNS

US jobless claims fall more than forecast in tight labor market

Business / Business News /

Applications for U.S. unemployment insurance declined last week by more than forecast, underscoring a persistently tight labor market.

Initial unemployment claims decreased by 8,000 to 210,000 in the week ended May 21, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a drop to 215,000.

...Read more