President Donald Trump signed his new tax law on July 4, which included a provision that creates and funds investment accounts for babies born in the next few years. The accounts will be allowed to compound and grow tax-deferred, similar to the way some retirement accounts work.

“In addition to the substantial financial benefits of investing ...Read more

Millions of Americans will see significant shifts in their tax bills under President Donald Trump’s “big beautiful bill.” The sweeping legislation delivers several key tax breaks, including no federal income tax on some tips and overtime pay, a car loan interest deduction, a higher state and local tax (SALT) deduction and a new “bonus”...Read more

The U.S. Department of Housing and Urban Development’s Chicago office will now oversee 65 public housing authorities in Wisconsin because of staffing shortages in the agency’s Milwaukee office.

This represents a roughly 62% increase in the number of public housing authorities the Chicago office is responsible for holding accountable to ...Read more

Nearly 600 manufacturing Daimler Truck North America employees are temporarily losing their jobs in the Charlotte, North Carolina, region.

Daimler Truck North America is temporarily laying off 573 workers update in Gaston County, according to a N.C. Worker Adjustment and Retraining Notification Act report filed Friday with the North Carolina ...Read more

Boeing’s engine fuel control switches, now the center of the investigation into the fatal Air India crash in June, have been scrutinized before.

The Federal Aviation Administration warned in December 2018 that it had received reports that those switches, designed to shut down the aircraft’s engines, were installed with the locking feature ...Read more

Starbucks will require its corporate workforce to work in the office four days a week this fall, and is offering buyouts to employees who want to leave the company.

The Seattle-based coffee giant will also force managers to relocate to corporate offices in Seattle or Toronto, ending remote options for them. Employees who aren’t managers but ...Read more

A new federal lawsuit asserts that state-owned Citizens Property Insurance Corp.’s ability to divert claims disputes to state arbitrators is unconstitutional and must be stopped.

The complaint, filed on July 10 in U.S. District Court in Miami, seeks to prohibit the so-called insurer of last resort from enforcing a binding arbitration clause ...Read more

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company is building several massive data centers to power its artificial intelligence efforts with the first one expected to come online next year.

“We’re calling the first one Prometheus and it’s coming online in ‘26,” Zuckerberg said in a post on his social ...Read more

A partial meltdown at Three Mile Island in Pennsylvania nearly 50 years ago pushed Gene Stilp into a life of activism, starting with a 1979 march on the Capitol he helped organize that drew 65,000 demonstrators and appearances by Joni Mitchell, Jackson Browne and Graham Nash.

At 75, Stilp is still at it — now protesting Baltimore-based ...Read more

The size of a typical studio apartment is 500 to 600 square feet. The studios that Riaz Capital is building around the Bay Area measure on average 300 square feet — which is on the small side, even for a standard hotel room.

But the Oakland-based developer sees micro-studios as a way to provide “affordability by design” in a state where ...Read more

SAN JOSE, Calif. — California has hit a new record for clean energy.

Solar, wind, hydropower and other carbon-free sources made up 67% of the state’s retail electricity supply in 2023, the most recent year that data is available, according to new statistics released Monday by the California Energy Commission.

The total is an increase from ...Read more

New, cheaper batteries for electric vehicles will be made in Tennessee as part of a partnership between General Motors Co. and LG Energy Solution, the companies said Monday.

Ultium Cells LLC, a joint venture between GM and LGES, plans to upgrade its Spring Hill, Tennessee, plant later this year to produce lithium iron phosphate cells beginning ...Read more

The two Republicans running for governor of Massachusetts have tapped their business connections for tens of thousands of dollars since launching their campaigns in attempts to shore up their bank accounts during the early days of the 2026 election, according to state data.

Mike Kennealy, a former state housing and economic development ...Read more

Financial markets, which have shown increasing insensitivity to tariff threats from the U.S., will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug. 1.

Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to ...Read more

Financial markets, which have shown increasing insensitivity to tariff threats from the U.S., will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug. 1.

Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to ...Read more

NEW YORK — The city’s wealthy powerbrokers are opening their pocketbooks to try to stop Democratic nominee Zohran Mamdani from reaching City Hall — but it’s still not clear which alternative is the best bet for their cash.

This year’s mayoral race is shaping up to be the first competitive general election in years, with incumbent ...Read more

Ford Motor Co. has struck a deal with a German labor union that includes protections for more than 10,000 workers at its Cologne plant and voluntary job reductions as the Dearborn automakers struggles with selling electric vehicles in Europe.

Ford has approved the negotiation results that would offer job security to its employees, and IG Metall...Read more

Amazon Prime Day sales looked bumpy at first this week, with year-over-year comparisons for the first two days down. But by Friday, early data showed solid sales for the tech giant despite economic uncertainty.

The Seattle-based e-commerce company has somewhat diluted the annual online sales bonanza. What was once a one-day event soon grew to ...Read more

Return to office mandates are on the rise, leading many people to ask: What about the CEO?

Starbucks, for example, ended its remote work policy for corporate headquarters staff in 2023. But the Seattle company was skewered last year when it granted its new CEO a remote work arrangement.

With the corporate zeitgeist shifting toward in-office ...Read more