Real estate Q&A: Can I sell one of my parking spots?

Business / Business News /

Q: I live in a condominium where every apartment has two assigned parking spots. Since it is just me, one of my neighbors asked me if I would sell him one of my spots. Since I am not using it and times are tight, the extra money would help. Am I allowed to do this? — Ted

A: To get to the bottom of this, you must answer two questions: Can you ...Read more


Next-generation plastic recycling plant is bet on rising US demand

Business / Business News /

Most gamblers looking for action in Las Vegas head for the Strip, but the biggest bet to watch these days is on the edge of town. There, a vast new complex will take plastic waste from across the West and process it into high-quality material that manufacturers can turn back into water and soda bottles or other food-grade packaging.

Republic ...Read more

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To save on their mortgages, Bay Area buyers are increasing their down payments

Business / Business News /

Who has $235,183 lying around in a bank account? The average homebuyer in Silicon Valley, apparently. That’s the median down payment for a home in the San Jose metro area — and it’s on the rise.

In the third quarter of 2023, the median down payment in San Jose reached nearly 25% of purchase price, up from 23% in the first quarter, ...Read more

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35% of Americans want a housing crash, poll says

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How out of whack is the housing market?

Well, an October poll by LendingTree of 2,045 US adults found 35% want the housing market to crash — highlighted by youthful Gen Z-ers (53%) and millennials (46%).

Look, rooting for a bargain is as American as apple pie. Who doesn't hope for that big sale, deep-discount coupon or holiday pricing to ...Read more

Rosalio Ahumada/The Sacramento Bee/TNS

Sacramento State faculty set to strike. Here's what to know

Business / Business News /

In the spirit of the holiday season, the labor movement keeps on giving the gift of strikes. This time, California State University faculty are the ones walking the picket line.

The California Faculty Association, which represents close to 29,000 professors, lecturers, librarians, counselors and coaches across the CSU system, is staging one-day...Read more

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Ford, Xcel partner on commercial EV chargers

Business / Business News /

Xcel Energy and Ford Motor Co. announced Tuesday they are collaborating to outfit business fleets with 30,000 electric vehicle charging ports across eight states by 2030.

The program would begin in Wisconsin and Colorado in 2024 but could expand elsewhere — including in Minnesota — if approved by utility regulators.

Minneapolis-based Xcel ...Read more

Carolyn Cole/Los Angeles Times/TNS

Leaked document offers glimpse into how Amazon amasses influence in California's Inland Empire

Business / Business News /

In the first two years of the Cheech Marin Center for Chicano Art and Culture’s existence, e-commerce giant was happy to contribute funds to the much-lauded Riverside, California, facility.

But this year, the Cheech hosted an exhibit that included a piece depicting an Amazon warehouse on fire. In an interview, the artist said the ...Read more

Richard Tsong-Taatarii/Minneapolis Star Tribune/TNS

FCC denies appeal on grants for embattled LTD Broadband, proposes $22 million penalty

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The Federal Communications Commission has upheld a decision to block LTD Broadband from using any part of $1.3 billion in federal grants to subsidize the construction of high-speed internet infrastructure, including a major proposed buildout in Minnesota.

The FCC this week denied an appeal from LTD and proposed a nearly $22 million penalty for ...Read more

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Stellantis CEO: Companies losing money on EVs may only have until 2030

Business / Business News /

The CEO of the maker of Chrysler, Dodge, Jeep, Ram and other vehicles said on Wednesday he expects before the end of the decade that automakers could start to drop out of the market because of the electrification transition.

The competitors in the best position to survive that, Stellantis NV's Carlos Tavares contends, are the legacy companies ...Read more

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California's economy will see slow growth in 2024, economists say. Here's why

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California’s economy is likely to grow somewhat faster than the rest of the country, but progress could easily be thwarted by wars, politics and stubbornly high interest rates, the new UCLA Anderson School state forecast said Wednesday.

“Even though recession worries have faded, increased military activity abroad and a sense of greater ...Read more

Al Seib/Los Angeles Times/TNS

Workers want Go Get Em Tiger to be the largest unionized coffee chain in California

Business / Business News /

The unionization wave has come to Los Angeles' homegrown coffee franchise Go Get Em Tiger.

More than 70% of the company's over 100 workers have signed union authorization cards. This includes eight retail locations — seven Go Get Em Tiger shops and its flagship G&B Coffee inside Grand Central Market — and one warehouse in Vernon. If the ...Read more

Steve Jobs wrote a check in 1976 to Radio Shack. Now it's up for auction

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It’s a pristine piece of Silicon Valley history — and it comes with a famous autograph.

A check that Apple co-founder Steve Jobs made out to Radio Shack on July 23, 1976, just months after the pioneering computer company was founded, has gone up for auction.

The latest bid tops $30,000, with less than a day remaining in the sale by RR ...Read more

Robert Willett/The News & Observer/TNS

'We're hitting new limits.' North Carolina quantum computing bullish on a coveted breakthrough

Business / Business News /

When Jungsang Kim came to Duke University in 2004, he wasn’t sure he’d live long enough to witness quantum advantage: the elusive moment when a quantum computer outperforms a classical computer to solve a real-world problem.

Back then, the emerging field was more theoretical. The experimental building blocks existed; scientists had already ...Read more


This new AI-powered drone is both a bomb and a boomerang

Business / Business News /

What if a missile could jet toward a moving target — and then fly back home to try again if it missed?

That's the idea behind the Roadrunner, a novel combination of AI-powered drone, bomb and boomerang designed by the defense tech company Anduril Industries and announced on Thursday.

The company unveiled the product at its Costa Mesa ...Read more

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Oil hits five-month low as US exports add to oversupply concerns

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Oil stretched declines into a fifth session — touching the lowest since early July — as a flood of US exports and doubts over whether OPEC+ will be able to deliver on its planned production cuts raised concerns about oversupply.

Global benchmark Brent dipped to trade below $77 a barrel after slumping by more than 7% over the previous four ...Read more

SAG-AFTRA members easily ratify new contract after actors' strike

Business / Business News /

LOS ANGELES — Members of performers union SAG-AFTRA have voted in favor of the contract that ended the actors' strike, following a weeks-long ratification period that saw a number of actors voice concerns about the new deal.

The ratification vote, which was expected, marks the end of Hollywood's extraordinary season of labor discontent that ...Read more

Antonio Perez/Chicago Tribune/TNS

Salesforce Tower opens at Chicago's Wolf Point

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Five years in the works, Salesforce celebrated the grand opening of its 57-story, 1.2 million-square-foot Chicago tower Tuesday, a bold new addition to the city’s skyline rising up amid a slumping office market.

Located along the Chicago River at the Wolf Point site near the Merchandise Mart, Salesforce Tower features a shimmering glass ...Read more

Grimshaw Architects/Brightline West/TNS

Vegas-to-LA rail project lands $3B in federal funds

Business / Business News /

Brightline West has been awarded $3 billion in federal funds to go toward its planned $12 billion Las Vegas-to-Los Angeles high-speed rail system.

It is expected that President Joe Biden will make an official announcement about the grant award Friday in Las Vegas. Congress has been notified of the grant award, a source told the Las Vegas Review...Read more

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Former Wells Fargo CEO sues bank for $34 million, says he was a sales scandal scapegoat

Business / Business News /

Tim Sloan, a former Wells Fargo CEO, is suing the bank for more than $34 million for allegedly withholding pay after he retired in 2019, according to a lawsuit filed last Friday in California state court.

The San Francisco-based institution, which has its largest employment hub in Charlotte, North Carolina, saw Sloan retire following a major ...Read more

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Back to the future: Fiat revives the 500e with a new version to be sold across the US

Business / Business News /

Stellantis NV's first battery-electric vehicle available for retail customers across North America goes on sale in the first quarter of 2024 with a starting price of $32,500 plus a $1,595 destination fee.

It's the Fiat 500e, a previous version of which was sold in California and Oregon last decade, and this time the company actually wants ...Read more