Business

/

ArcaMax

John J. Kim/Chicago Tribune/TNS

Chicago Board of Trade museum pays homage to city's trading history, immortalized in movies like 'Ferris Bueller's Day Off'

Business / Business News /

A museum dedicated to preserving the legacy of open outcry trading opens Tuesday inside the Chicago Board of Trade Building, the latest step in an effort to revive the nearly century-old structure.

Much of the frantic trading activity in the building — immortalized in movies like “Ferris Bueller’s Day Off” and “The Dark Knight” — ...Read more

Noah Berger/Getty Images North America/TNS

Companies keep slashing jobs. How worried should workers be about AI replacing them?

Business / Business News /

Tech companies that are cutting jobs and leaning more on artificial intelligence are also disrupting themselves.

Amazon's Chief Executive Andy Jassy said last month that he expects the e-commerce giant will shrink its workforce as employees "get efficiency gains from using AI extensively."

At Salesforce, a software company that helps ...Read more

Las Vegas Review-Journal/Las Vegas Review-Journal/TNS

Strip resort will pay six-figure settlement in religious discrimination, retaliation lawsuit

Business / Business News /

LAS VEGAS — A megaresort on the Strip agreed to pay a six-figure sum to settle a religious discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission.

The Venetian hotel-casino will pay $850,000 and implement “significant policy changes” via a three-year consent decree to settle the suit, the EEOC ...Read more

Alex Wong/Getty Images North America/TNS

Evan Ramstad: Think cars and trucks have gotten expensive? Take a look at tractors

Business / Business News /

America has moved on from the pandemic, but the industries that produce its vehicles haven’t.

Car and light truck sales rose 2.5% through June, and 2025 could wind up the best year in volume since before the pandemic.

But that volatile era changed the industry and its consumers, and unit sales this year will still be around 1 million fewer ...Read more

Tim Boyle/Getty Images North America/TNS

Baxter International appoints new CEO, months after former leader abruptly retired

Business / Business News /

Baxter International has named a new president and CEO, about five months after its former leader abruptly retired.

Andrew Hider will serve as the new CEO of the Deerfield, Illinois-based healthcare company no later than Sept. 3, the company announced Monday morning. Hider, 48, is now CEO of ATS Corporation, which provides automation solutions ...Read more

JIM WATSON/AFP/Getty Images North America/TNS

Tesla shares slip after Musk says he will create a new political party

Business / Business News /

Tesla shares fell close to 7% Monday after Elon Musk announced plans to form his own political party, sparking concerns he will become further distracted by politics despite a tumultuous stint in the Trump administration.

During a feud with President Trump over his spending bill, the Tesla chief executive wrote on his social media site, X, that...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Target led US last year in trademark applications as it launched new brands

Business / Business News /

Target led the pack last year in the U.S. when it came to trademark applications.

With 525 applications to the United States Patent and Trademark Office (USPTO), subsidiary Target Brands Inc. was first on a list top-heavy with major retailers, entertainment stars, professional sports leagues and pharmaceutical companies.

Target’s busy ...Read more

David Tonelson/Dreamstime/TNS

Private-label brands at Target, other groceries losing stigma as shoppers budget more

Business / Business News /

Revenue from Target’s private labels, from Cat & Jack kidswear to Good & Gather food, has tripled in the past decade to more than $30 billion.

The enterprises bundled together would rank fifth among Minnesota’s public companies, ahead of U.S. Bancorp and 3M, and 144th on this year’s Fortune 500 list.

The strength for Target and other ...Read more

David Guralnick/The Detroit News/TNS

Average car prices are flat since tariffs took effect. How'd that happen?

Business / Business News /

When President Donald Trump's 25% auto tariffs took effect in early April, industry watchers figured vehicle prices would steadily rise as carmakers peeled back discounts and increased MSRPs.

Three months later, that hasn't quite turned out to be the case.

Prices on many models have crept up. But the average marketed price industrywide is flat...Read more

Dreamstime/Dreamstime/TNS

Does it make sense to buy an annuity in your 40s?

Business / Business News /

Annuities are often associated with retirees looking for a steady income stream later in life. But does it make sense to lock in guaranteed income in your 40s, potentially decades before retirement?

On the surface, the idea of guaranteed income sounds appealing. But annuities are complicated financial products, and buying one too early can tie ...Read more

Dania Maxwell/Los Angeles Times/TNS

Why Kroger is closing 60 stores: 'One hit after another'

Business / Business News /

After a series of setbacks, Kroger's recent decision to close 60 locations nationwide is the latest sign of distress for the grocer that operates more than 300 stores in California.

Kroger, the parent company of Ralphs and Food 4 Less, is reducing its footprint after the resignation of its chief executive and a failed merger with competing ...Read more

Haven't made a will yet? startup has new AI tool to help

Business / Business News /

In 2017, Cody Barbo told a room of investors that he was getting married in a month. His friend asked him this question: “Hey man, you’re getting married. Do you have a will?” Barbo froze, threw out a mild swear word and answered, “I should probably have one.”

Barbo is the CEO of Trust & Will, a San Diego company that simplifies the ...Read more

Kevin Clark/Seattle Times/TNS

Behind Microsoft's layoffs: A new attitude shaped by AI

Business / Business News /

Microsoft's layoff waves — the latest arrived Wednesday — are leading some employees to ask themselves two questions: Am I next? Will there be another job out there for me?

The Redmond-based tech giant laid off more than 6,000 employees in May, followed up by an additional 305 in early June. The company kicked off its fiscal year in early ...Read more

Dreamstime/Dreamstime/TNS

The 7 mistakes I made when refinancing my mortgage

Business / Business News /

When my husband and I refinanced our mortgage in 2009, we felt confident we were making the right move. Since both of us had exceptional credit, we knew we could reduce our mortgage rate by one percentage point or more, as is considered de rigueur when refinancing. A no-brainer, right?

In retrospect, I wonder. We should have considered other ...Read more

Liv Paggiarino/Las Vegas Review-Journal/TNS

'No sales; no income': Fear of ICE deportation sweeps impacting Latino businesses in Las Vegas

Business / Business News /

Fear in the local undocumented community about getting swept up by immigration agents — a sentiment cited in the indefinite closure of Broadacres Market — is reverberating in the finances of independent family-owned establishments that cater to local Latinos, according to businesses that spoke to the Las Vegas Review-Journal last week.

...Read more

DREAMSTIME/TNS

Motormouth: Are valve seals to blame?

Business / Business News /

Q: ​I had a beautiful VW Scirocco that used oil at an increasing rate. Finally, a VW mechanic told me that the problem was probably the valve seals. He took out the seals and they looked like bacon bits. The new seals looked like big gray Cheerios. Oil consumption went from a quart every 300 miles to a quart in 2,500 miles. Later VW did a ...Read more

Dreamstime/Dreamstime/TNS

Jobs report takes pressure off Fed to cut rates

Business / Business News /

Headline numbers from the June jobs report took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall.

U.S. employers added 147,000 jobs last month, exceeding estimates, while the unemployment rate ticked lower to 4.1%, according to the Bureau of Labor...Read more

Sam Panthaky/Getty Images North America/TNS

3 weeks after Air India Boeing 787 crash, industry waiting for answers

Business / Business News /

Three weeks after an Air India Boeing 787 crashed into a medical hostel in the northwestern Indian city of Ahmedabad, killing 241 of the 242 people on board and likely more than a dozen on the ground, investigators are piecing together what went wrong.

Aviation regulators from India, the U.S. and the U.K., where the London-bound flight was ...Read more

Stephen Brashear/Getty Images North America/TNS

Microsoft layoffs a reminder -- WA's job market can melt down

Business / Business News /

With Microsoft's latest layoffs Wednesday, the quickening contraction of Seattle-area tech is starting to feel like previous industry meltdowns, when mounting job losses signaled deep disruptions in the regional economy.

Since May, Microsoft has announced around 15,000 layoffs, including 4,000 in Washington, as the Redmond-based company ...Read more

Andrew Harnik/Getty Images North America/TNS

What killing tax credits means for the electric vehicle market

Business / Business News /

The Trump administration’s plan to scrap federal incentives for electric vehicles will be a major speed bump for battery-powered transportation in the U.S., but not a brick wall, according to forecasts.

On Thursday, Republicans in the U.S. House sent a bill to President Donald Trump’s desk that kills tax credits of up to $7,500 for EV ...Read more