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The Week Ahead: Looking for a price peak in the past to figure out the future of interest rates

Business / Business News /

The Federal Reserve consistently says its actions are data dependent. “Data dependence is, and always has been, at the heart of policymaking at the Federal Reserve,” Fed Chairman Jerome Powell said in a 2019 speech.

But the challenge with data is that it is about the past and the Fed’s actions are about trying to shape the economic future...Read more

GM-Design/Chevrolet/TNS/TNS

Henry Payne: Chevy wraps the Silverado ZR2 pickup in Bison armor

Business / Business News /

Bison are getting bigger.

Learning from little brother Chevy Colorado, the full-size Silverado pickup is gaining yet another rugged off-road trim: the ZR2 Bison that's been popular on the midsize pickup since its 2019 model year introduction. Topping the Silverado Trail Boss and ZR2 off-road models, Bison takes the unique suspension, tires and ...Read more

Stellantis/TNS/TNS

Henry Payne: 5 things about the loud, lurid, 'lectric Dodge Charger Daytona

Business / Business News /

PONTIAC, Michigan — It’s That '70s Show again with the federal government on the warpath to eliminate V-8s, gas-guzzlers and fun. But the fun-lovin’ Dodge brand wants to stay a step ahead of the killjoys.

"It's like if they decided to ban cows — but 5% of the population is vegetarian and the rest still wanted beef. The meat industry ...Read more

Mel Melcon/Los Angeles Times/TNS

How a kid from El Monte became one of Hollywood's few Latino executives

Business / Business News /

Scouring his high school class schedule, then-14-year-old Cris Abrego caught his breath.

TV Production.

It was 1986, and the incoming freshman, a self-described TV addict, assumed the course would teach Latino teens like him how to build television sets. After all, this was an era when students in working-class communities, including those at...Read more

Karl Mondon/Bay Area News Group/TNS

Bay Area sees nation's largest monthly drop in home values

Business / Business News /

As rising mortgage rates continue to cool the housing market across the U.S., the Bay Area in July saw the largest monthly drop in home values of anywhere in the country, according to a new report from home listing site Zillow.

The average value of a single-family home in the San Jose-Sunnyvale-Santa Clara metro area fell 4.5% from June to July...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Do I really need to wax my car?

Business / Business News /

Q: I see you recommend waxing your car twice a year. I have owned more than 30 cars in my life and have never waxed one of them. When my car comes out of the car wash, it looks has good as any of my neighbors' cars. Have you sold out to the wax companies or should I have my eyes tested?

T.C., Chicago

A: Sold out? That’s impossible. I am ...Read more

GM considering Indiana town for fourth battery plant

Business / Business News /

General Motors Co. and LG Energy Solution are considering New Carlisle, Indiana, as the location for their fourth Ultium Cells LLC joint venture battery plant.

Ultium Cells "is developing a competitive business case for a potential large investment that could be located in New Carlisle, Indiana," company spokesperson Brooke Waid said in a ...Read more

Jose M. Osorio/Chicago Tribune/TNS

Want to video chat with Rod Blagojevich, Brett Favre or Sam the hobbit? Cameo adds live calls to its celebrity video offerings

Business / Business News /

Chicago-based Cameo, which built a business out of selling recorded celebrity video greetings, is adding live video chats across its talent roster of actors, athletes and offbeat stars.

Starting Thursday, fans can schedule a 10-minute video call with the likes of former pro wrestler Mick Foley, Sean Astin, who played Sam the hobbit in “Lord ...Read more

Rose Baca/The Dallas Morning News/TNS

How you can cut energy costs through the Inflation Reduction Act

Business / Business News /

The Inflation Reduction Act signed by President Biden this week aims to shift America toward a greener future by lowering the cost of electric vehicles, energy-efficient appliances and rooftop solar panels.

Many consumers will benefit. But it’s complicated — because limitations apply. You will get breaks, but most will come at tax time.

...Read more

Samuel Corum/CNP/Zuma Press/TNS

ESG fund disclosures should be streamlined, investor and advocacy groups tell SEC

Business / Business News /

The Securities and Exchange Commission needs to simplify proposed rules to require more disclosure from funds touting their environmental, social and governance factors, or else the agency will fail to eradicate so-called greenwashing, investment and advocacy groups are warning.

Investors of all sizes, including ESG-focused ones, as well as ...Read more

Korean battery recycler to be latest addition to Georgia EV sector

Business / Business News /

A South Korean company that recycles metals and battery components plans to build its first U.S. facility in North Georgia, another addition to the state's burgeoning electric vehicle sector.

SungEel HiTech Co. will build a $37 million recycling center in Toccoa in Stephens County where it will recycle lithium-ion batteries and battery ...Read more

JASON REDMOND/Getty Images North America/TNS

Starbucks must offer to rehire fired activists, judge rules

Business / Business News /

Starbucks Corp. has to offer reinstatement to seven fired pro-union employees in Memphis, Tennessee, and must not retaliate against employees who support union organizing, a federal judge ruled.

The firings appear to be illegal in light of evidence the company acted in a discriminatory manner, U.S. District Judge Sheryl Lipman said in an order ...Read more

Span/TNS/TNS

Your house is due for an electrical upgrade

Business / Business News /

When Lee-Sean Huang and his husband David Colby Reed decided to decarbonize their 120-year-old Providence, Rhode Island, home, they soon discovered it wasn’t even ready for a high-efficiency electric induction stove.

“We had to update the electrical, paying an electrician to run 240 volts for the induction range,” says Huang, who runs a ...Read more

Netflix/TNS/TNS

Streaming TV viewership tops cable for the first time in Nielsen measurement

Business / Business News /

Streaming TV viewership topped cable for the first time in July, according to measurement firm Nielsen, marking a symbolic milestone in the entertainment industry's migration from traditional pay-television bundles to direct-to-consumer services.

Streaming notched a record 34.8% of total television consumption last month, while cable accounted ...Read more

Abel Uribe/Chicago Tribune/TNS

Michael Hiltzik: Amazon's acquisition of a medical firm may not disrupt healthcare, but could disrupt your life

Business / Business News /

In announcing its newest foray into the healthcare field last month — the $3.9-billion acquisition of the primary care firm One Medical — Amazon explained its interest in the industry this way:

"We think health care is high on the list of experiences that need reinvention."

There are two ways to think about that statement. For one thing, ...Read more

Allen J. Schaben/Los Angeles Times/TNS

US existing-home sales fall a six-month to over two-year low

Business / Business News /

Sales of previously owned U.S. homes fell for a sixth straight month in July in the latest indication of how high borrowing costs and waning demand are propelling the housing market’s rapid decline.

Contract closings fell 5.9% in July to an annualized 4.81 million, the weakest since May 2020, figures from the National Association of Realtors ...Read more

Real estate Q&A: Do I have to pay a deductible for repair landlord is responsible for?

Business / Business News /

Q: My lease deals with repairs with the following clause: “Tenant is responsible for all repairs $50.00 or less. Any repairs over $50.00 are the total responsibility of the Owner unless due to tenant negligence.” With the consent of my landlord, I recently had a $180 repair done. When I sent the invoice, I was only reimbursed $130. When I ...Read more

US jobless claims unexpectedly dip for first time in three weeks

Business / Business News /

Applications for U.S. unemployment insurance fell for the first time in three weeks, suggesting demand for labor remains healthy.

Initial unemployment claims decreased by 2,000 to 250,000 in the week ended Aug. 13, Labor Department data showed Thursday. The date is particularly scrutinized because it corresponds with the reference period for ...Read more

Francine Orr/Los Angeles Times/TNS

Strippers have a new tactic in a North Hollywood labor fight. Organizing with an actors union

Business / Business News /

On Saturday nights, the strip clubs fill up. But at Star Garden, a dingy dive bar in North Hollywood advertising topless girls, the real action is outside.

For nearly five months a group of former Star Garden dancers have positioned themselves on the sidewalk on busy nights with picket signs and costumes. They make it hard to enter the bar ...Read more

David Carson/St. Louis Post-Dispatch/TNS

A hydropower plant could change St. Louis energy. It could also kill a giant river fish

Business / Business News /

WEST ALTON, Missouri — On the rocky banks of the Mississippi River two dozen miles north of St. Louis, there's a clash brewing between clean energy and wildlife conservation, with both sides aiming to repair damage wrought by humans.

On one hand, an Alabama company is working to turn the locks and dam here into a hydropower plant, which could...Read more