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Amazon places bid on TikTok as deadline looms

Business / Business News /

Amazon reportedly has made a bid to buy TikTok, the popular video app that is in danger of being banned in the U.S. if it can't reach a deal that would separate it from its Chinese owner..

Under a U.S. law signed by then-President Joe Biden last year, TikTok's parent company, ByteDance, is required to sell off TikTok's U.S. operations in order ...Read more

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An AI 'gold rush.' What to know about OpenAI's record $40 billion funding round

Business / Business News /

SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI landscape against tech giants like Google, and rivals including Anthropic and Chinese upstart DeepSeek.

The investment was the highest ever raised for a startup and places OpenAI at a $300 billion valuation, ...Read more

Apple/TNS/TNS

Tech review: M4 MacBook Air is easy to love

Business / Business News /

Apple’s new MacBook Air has been recently updated to the M4 processor, and while the design remains the same as the M2 and M3 models before it, there are a few nice upgrades on the inside to make the M4 worthy of your consideration.

Personally, I’ve been a MacBook Pro user at home for decades. I always just thought I needed the most ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Stellantis sales fall again due to weak fleet performance

Business / Business News /

Stellantis NV's U.S. sales fell by 12% in the first quarter compared to last year, continuing a recent trend of weak performances by the automaker.

But the maker of Chrysler, Dodge, Jeep and Ram said its quarterly vehicle sales to retail customers — traditional shoppers at dealerships — held steady compared to the first three months of 2024...Read more

Leila Navidi/Star Tribune/TNS

Americans have learned to live with less as consumer food budgets run out of slack

Business / Business News /

MINNEAPOLIS — Mike O’Brien used to ignore coupons.

That changed a few years ago when the Lakeville, Minnesota, 61-year-old retired, he said, “just in time for inflation to rear its ugly head.” Now he and his wife stick to budget-friendly grocery chains, buy in bulk and skip pricier items like apples and eggs. A backyard garden supplies ...Read more

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How Meta's upcoming $1,000+ smart glasses with a screen will work

Business / Business News /

Meta Platforms Inc., ramping up work on a deluxe version of its popular smart glasses, plans to include hand-gesture controls and a screen for displaying photos and apps.

The company intends to introduce its first glasses with a screen as early as the end of this year — a product it sees as a key step toward providing an alternative to Apple ...Read more

Patrick T. Fallon/AFP/Getty Images North America/TNS

Trump-loving network Newsmax is a hot stock on Wall Street

Business / Business News /

Conservative cable news channel Newsmax is getting a Trump bump on Wall Street.

The Boca Raton, Florida, outlet's stock price surged after its initial public offering Monday. Shares offered at $10 closed at $233 a share Tuesday afternoon, giving the company a market valuation of over $20 billion.

Newsmax itself tracked the stock's movement ...Read more

Karl Mondon/Bay Area News Group/TNS

Job losses hammer Bay Area tech industry in brutal beginning for 2025

Business / Business News /

The Bay Area’s tech industry stumbled at the start of 2025 with a net loss of thousands of jobs over the first two months of this year, a slump that suggests the crucial sector’s hiring woes have yet to run their course.

During the first two months of 2025, tech companies slashed a net total of 8,700 jobs in the Bay Area, according to a ...Read more

Microsoft president's vision for Pacific Northwest: 'Tomorrowland' everywhere

Business / Business News /

REDMOND, Washington — Brad Smith is an unusual futurist.

Before he rose to become Microsoft's president and vice chair, Smith built his reputation as a highly capable attorney with a conciliatory nature.

Much as his counterpart CEO Satya Nadella would later be tapped to reinvigorate the company, Smith was selected in 2002 to pull Microsoft ...Read more

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'Critical concerns' remain in Boeing's self-inspection regime, Cantwell says

Business / Business News /

The day before Boeing CEO Kelly Ortberg was to appear before Congress, U.S. Sen. Maria Cantwell raised “critical concerns” about a program that allows the aircraft manufacturer to certify its own work.

That program — called Organization Designation Authorization, or ODA — has been heavily scrutinized over the last several years, and has...Read more

George Avalos/Bay Area News Group/TNS

Biotech companies shed hundreds of Bay Area jobs in fresh layoffs

Business / Business News /

Life sciences companies have decided to chop hundreds of Bay Area jobs in a fresh wave of layoffs that hint at ongoing turbulence in the region’s biotech sector, state labor agency posts show.

All told, the biotech companies have revealed their intentions to slash 310 Bay Area jobs, according to official notices the companies sent to the ...Read more

MANDEL NGAN/AFP/AFP/TNS

Stocks get late boost from tech as tariffs loom: Markets wrap

Business / Business News /

A rally in the world’s largest tech companies lifted stocks as investors brushed off weak economic readings to focus on prospects for interest-rate cuts ahead of President Donald Trump’s tariff rollout.

In another volatile session, the S&P 500 wiped out a 1% slide that was triggered by weak manufacturing and jobs data. A gauge of the “...Read more

Robin Buckson/The Detroit News/TNS

UAW grew slightly in 2024 amid organizing push

Business / Business News /

The United Auto Workers added almost 5,000 members last year amid successful organizing efforts, including at Volkswagen AG's plant in Tennessee.

The Detroit-based union's membership stood at 375,161 at the end of 2024, a 1.3% increase from its total ranks a year prior, a U.S. Department of Labor filing shows.

The member growth, albeit small, ...Read more

Arvin Temkar/The Atlanta Journal-Constitution/TNS

Bipartisan legislation aims to address housing crisis in Georgia

Business / Business News /

Ashley Rodriguez loves living in Atlanta’s Summerhill neighborhood. Her two children can play in nearby parks, she can walk to her favorite restaurants, and it feels pretty safe.

“The people that live here are great too, and the schools are also good,” she said. “If I had my way, I wouldn’t leave.”

But because she’s renting her ...Read more

JOHN WALKER/The Fresno Bee/TNS

California farmers fear tariff trade war losses in billions, uneven bailouts

Business / Business News /

As a potential trade war looms, a coalition of California agricultural organizations is urging the state’s Congressional delegation to protect them from becoming another casualty in the battle over tariffs.

A letter from the group includes the names of nearly two dozen of the state’s most influential farming organizations, including the ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Trump tariffs on steel and aluminum could squeeze Chicago apartment developers, leading to higher rents

Business / Business News /

New tariffs on steel and aluminum could force Chicago apartment developers, already affected by elevated interest rates and soaring labor costs, to further delay breaking ground on new projects.

The White House began implementing tariffs of 25% on global steel and aluminum imports March 12, saying it wants to stimulate domestic production. But ...Read more

Ford/Ford/TNS

Ford sales slip in first quarter despite March bump

Business / Business News /

Ford Motor Co.'s U.S. sales fell 1.3% in the first three months of 2025, concluding the period with March when sales grew 10% year-over-year.

The Dearborn automaker sold 199,672 vehicles last month for a total of 501,291 vehicles in the first quarter. The kickoff of spring sales, however, could not overcomes declines from January and February, ...Read more

Robin Buckson/The Detroit News/TNS

GM sales strong in first quarter but tariffs loom

Business / Business News /

General Motors Co.'s U.S. sales increased 17% in the first quarter of 2025 on strengths in trucks, SUVs and electric vehicles, but new tariffs loom.

Delivering 693,363 vehicles in the first three months of the year, GM outpaced its competitors in total U.S. sales. The Detroit automaker, however, is more vulnerable to the 25% tariffs on imported...Read more

Steven M. Falk/The Philadelphia Inquirer/TNS

Aramark and Philly stadium workers union reach a tentative agreement

Business / Business News /

PHILADELPHIA — Philly stadium workers could soon have new contracts.

On Monday, Unite Here Local 274, the union representing stadium workers at the Lincoln Financial Field, Citizens Bank Park, and the Wells Fargo Center, announced it had reached a tentative deal with the workers’ employer, Aramark.

The new deal comes after workers across ...Read more

Andrey Popov/Dreamstime/TNS

I'm a financial planner and editor. Here are 5 ways to know if you're getting trustworthy money advice online

Business / Business News /

As a Certified Financial Planner (CFP) and someone who edits personal finance content for a living, I’ve seen firsthand how the rise of financial content on social media has transformed how we learn about money. Almost half of Gen Zers who received financial advice in 2023 heard it from social media influencers, according to a Bankrate survey....Read more