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Facebook owner Meta confirms thousands of layoffs it previously revealed

Business / Business News /

MENLO PARK, California — Facebook owner Meta Platforms confirmed that its previously announced worldwide job cuts of “low performers” began to take effect on Monday, a move that impacts thousands of positions.

“These are performance terminations which were already announced in mid-January,” a Meta spokesperson stated in an email to ...Read more

Antonio Perez/Chicago Tribune/TNS

As Bally's Chicago navigates challenges, newcomer Wind Creek becoming big player among Illinois casinos

Business / Business News /

As Bally’s Chicago navigates a demolition delay, a lawsuit over its initial public offering and stagnant revenues, the new Wind Creek Chicago Southland is becoming a big player, catapulting to second place among the state’s 16 casinos in revenue and admissions for January.

Launched in November, the south suburban casino has already ...Read more

Jemal Countess/AFP/Getty Images North America/TNS

Trump administration shuts CFPB HQ, halts agency's activity

Business / Business News /

President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ordered the watchdog agency to stop nearly all of its work. On Saturday, CFPB chief Russell Vought sent the directive to the agency’s staff, the Associated Press reported.

In the notification, Vought ordered agency ...Read more

Jason Redmond/AFP/Getty Images North America/TNS

Altman says 'No thank you' to Musk-led group's OpenAI Bid

Business / Business News /

A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion, escalating a clash between the Tesla chief executive and the artificial intelligence company he co-founded.

With the unsolicited bid, Musk said he hopes to return OpenAI to being “the open-source, safety-focused force for good it ...Read more

Ricardo Ramirez Buxeda/Orlando Sentinel/TNS

Boeing prepares for 400 layoffs related to NASA's Artemis program

Business / Business News /

Boeing told its employees working on the NASA Artemis lunar program’s Space Launch System rocket they could be facing layoffs by April.

The move underscores the uncertainty facing the Artemis program under the Trump administration, although no specific modifications to the current Artemis plan have been disclosed.

“To align with revisions ...Read more

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Coke's $7 billion bet on milk hits big, but Wall Street wants more

Business / Business News /

When walking into Coca-Cola’s office in Chicago's trendy West Loop, the soda giant’s iconic logo is noticeably absent. In its place is a giant cowbell.

Inside, a handful of the 900 employees — dubbed “super tasters” — hone and closely guard one of the soda giant’s most valuable formulas. But these workers aren’t sipping Coke or ...Read more

Helen H. Richardson/The Denver Post/TNS

How will Trump's mass deportation plans affect construction industry?

Business / Business News /

President Donald Trump’s pledge to deport millions of undocumented immigrants has construction-industry watchers concerned about what enforcement operations might mean for the state’s workforce, laborer working conditions and housing prices.

Nationally, foreign-born workers, regardless of legal status, fill an estimated 30% of trade jobs ...Read more

DREAMSTIME/TNS

6 essential rules for building your 'forever portfolio'

Business / Business News /

Few things in modern life are built to last. But one area where longevity really matters is in your investment portfolio.

A “forever portfolio” is designed to generate wealth consistently, so you can live comfortably without running out of money later in life. It takes the stress and guesswork out of investing by focusing on long-term ...Read more

Ellen M. Banner/Seattle Times/TNS

Boeing hugs its suppliers instead of squeezing them for money

Business / Business News /

LYNNWOOD, Washington — Bill Cusick, president of Ran‐Tech Engineering, a manufacturer of metal aerospace parts employing 60 workers near Portland, credits a dramatic change in Boeing’s approach to suppliers with helping his company survive the Machinists strike last fall.

When the strike hit, 90% of Ran-Tech’s business was on hold as ...Read more

Sergey Klopotov/Dreamstime/TNS

Motormouth: Terrible tires?

Business / Business News /

Q: I just bought a pristine 2017 Mercedes-Benz GLA250, only 60,000 miles, with brand new run-flat tires. Love the car! Hate -- I mean hate -- the ride! My teeth jar going over bumps! These tires are just terrible! My mechanic took some air out of the tires but told me if I want a more smooth, regular ride, I need to buy “regular tires.” I ...Read more

Lucy Schaly/Pittsburgh Post-Gazette/TNS

Trump: Nippon will invest in U.S. Steel, but not acquire Pittsburgh steelmaker

Business / Business News /

President Donald Trump suggested Friday on stage with Japan's prime minister that Nippon Steel will not be allowed to buy U.S. Steel.

"They'll be looking at an investment rather than a purchase," Trump said. "U.S. Steel is a very important company to us. It was the greatest company in the world for 15 years, many years ago, 80 years ago, and we...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

Should San Diego rework its ADU bonus program?

Business / Business News /

The San Diego City Council is considering rolling back an accessory dwelling unit, or ADU, incentive that has earned it high marks among housing leaders but raised the ire of some single-family homeowners.

For every ADU a property owner is willing to build that is deed-restricted for low-income or moderate-income tenants, the law says, they can...Read more

Brian van der Brug/Los Angeles Times/TNS

US hiring cools in January; California's outlook is dimmed by looming cuts in government and aid

Business / Business News /

WASHINGTON — U.S. job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty about the economy.

The Los Angeles-area wildfires, which began Jan. 7, didn’t have a material effect on the nation’s employment ...Read more

Brian van der Brug/Los Angeles Times/TNS

US hiring cools in January; unemployment claims in California increase due to the fires

Business / Business News /

U.S. job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty around the economy.

The exceptions were retail, healthcare and government, which accounted for almost all of the 143,000 net new jobs added last month...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Chicago Auto Show goes electric with 2 EV tracks, dozens of models and first appearance by Rivian

Business / Business News /

The atmosphere is electric at this year’s Chicago Auto Show, with two indoor EV test tracks, dozens of models and several high-profile debuts, including the first appearance by homegrown Rivian.

But with EV sales growth slowing and threats by President Donald Trump to impose tariffs, pause infrastructure build-out and end federal tax credits,...Read more

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Robocalls and spam still a scourge. Some carriers get an F for protecting consumers

Business / Business News /

Phone companies represent a critical line of defense when it comes to warning about or blocking robocalls and robotexts. But most telecom carriers are failing to adequately protect their customers, which is contributing to a rebound in the number of spam messages, according to a report from the U.S. Public Interest Research Group.

About 2 ...Read more

Brian Cassella/Chicago Tribune/TNS

Illinois SEIU passes resolution declaring itself 'under attack' by CTU

Business / Business News /

The Service Employees International Union State Council, which represents 160,000 workers in Illinois, declared in a resolution that it is “under attack” from the Chicago Teachers Union and condemned a contract proposal by the teachers union that SEIU said would take jobs from their union and give them to CTU.

The teachers union has been ...Read more

Carline Jean/Sun Sentinel/TNS

Insurance regulators slash Citizens' requested rate hikes for 2025

Business / Business News /

Insurance regulators spent more than seven months considering the 14% average rate hike proposed for homeowners covered by state-owned Citizens Property Insurance Corp. and ultimately voted thumbs down.

Rate hikes proposed by Citizens in June by Citizens Property Insurance Corp. were slashed in a final order by the Florida Office of Insurance ...Read more

Ford Motor Company/Ford Motor Company/TNS

Auto review: Another fresh face for the 2025 Lincoln Aviator

Business / Business News /

There’s a design consistency to the best luxury car brands, a continuum of style that unconditionally declares what it is. Go back to 1938 and you’ll recognize the BMW 328’s grille. The same is true of Mercedes-Benz. Cadillac became synonymous with egg crate grilles and tailfins, boasting a sinister yet sublimely luxurious vibe. Then there...Read more

Dirk Shadd/Tampa Bay Times/TNS

What's next for Tampa's hurricane-battered Beer Can Island? Cryptocurrency

Business / Business News /

TAMPA, Florida — Pine Key — the Tampa Bay landmark better known to locals as Beer Can Island — has seen better days.

Hurricane Helene put the private island about eight feet underwater, said co-owner Russell Loomis. The storm destroyed every structure on the island, wiping out the concert stage, tiki bar, giant slide and food truck. ...Read more