Business

/

ArcaMax

Leila Navidi/Minnesota Star Tribune/TNS

CNA says 'you make a difference in a person's life' when working in senior care

Business / Business News /

First comes the yelling. Then come smiles and hugs.

For 13 years, Morris Commesor has been a certified nursing assistant (CNA) at assisted-living facility the Glenn in Minnetonka, Minnesota, and the job can be just as emotionally demanding as it is physical. He works in memory care, helping senior residents living with dementia — a cognitive ...Read more

Karen Ducey/The Seattle Times/TNS

Why DEI isn't a success story at Seattle's tech companies

Business / Business News /

For Monica Cisneros, her decade of experience in the tech industry as a product marketing manager has come with bigotry tied to her Latina identity.

Often, it's subtle slights rooted in prejudice. Colleagues ask the Texan where she's really" from. Misogynistic co-workers have told her they don't like her female voice, and have decided not to ...Read more

Christina House/Los Angeles Times/TNS

Nuclear startup backed by Luckey, Lockheed director raises $130 million

Business / Business News /

Anduril Industries Inc. founder Palmer Luckey, a Lockheed Martin Corp. board member, Palantir Technology Inc.’s Shyam Sankar and other investors are putting $130 million into Valar Atomics, a nuclear startup that’s aiming to build thousands of advanced nuclear fission reactors within a decade.

The Hawthorne, California-based startup began...Read more

Win McNamee/Getty Images North America/TNS

Pfizer wins obesity drug battle, with assist by Trump's FTC

Business / Business News /

Pfizer Inc. Chief Executive Albert Bourla had long searched for an obesity drug to make up for dwindling sales of the pharma company’s aging blockbusters. Late Friday, after a dramatic bidding war, he learned he’d finally claimed his prize.

Bourla found out at around 9 p.m. that evening, according to people familiar with the matter, that ...Read more

Nathan Howard/Getty Images North America/TNS

AI's $5 trillion data-center boom will dip into every debt market, JPMorgan says

Business / Business News /

The furious push by AI hyperscalers to build out data centers will need about $1.5 trillion of investment-grade bonds over the next five years and extensive funding from every other corner of the market, according to an analysis by JPMorgan Chase & Co.

“The question is not ‘which market will finance the AI-boom?’ Rather, the question is �...Read more

Rocket Lab/TNS/TNS

Rocket Lab delays debut of SpaceX-challenging rocket to 2026

Business / Business News /

Rocket Lab Corp. delayed the first launch of its larger Neutron rocket until next year, a setback in the space transportation company’s push to compete more directly with Elon Musk’s SpaceX.

The Long Beach, California-based company said it will deliver Neutron to its launch site during the first three months of 2026, with an inaugural ...Read more

Alexi J. Rosenfeld/Getty Images North America/TNS

Fed's Miran says he'd favor half-point rate cut in December

Business / Business News /

Federal Reserve Governor Stephen Miran said better-than-expected inflation data and signs of continued weakness in the job market call for a third consecutive interest-rate cut in December.

In the absence of new economic information due to the government shutdown, a half-point cut next month is still “appropriate,” Miran said Monday during ...Read more

FAA halts private jet flights at major commercial airports, including Atlanta

Business / Business News /

In response to continued air traffic controller staffing shortages, the Federal Aviation Administration has largely prohibited private jet flights at 12 of the country’s busiest airports, including Hartsfield-Jackson Atlanta International Airport.

The limitations do not involve popular general aviation airports in metro Atlanta — those that...Read more

St. Louis Post-Dispatch/St. Louis Post-Dispatch/TNS

Boeing strike hit Day 99 on Monday. Company makes a new offer to St. Louis union workers

Business / Business News /

ST. LOUIS — The Boeing Co. on Monday made a new offer to its striking St. Louis defense workers as the work stoppage reached its 99th day.

And later on Monday, the negotiating committee for the machinists' union said it was recommending passage of Boeing's latest offer.

A vote will be held on the offer between 8 a.m. and noon on Thursday at ...Read more

Spencer Platt/Getty Images North America/TNS

Grindr chairman steps down amid his bid to take the company private

Business / Business News /

The West Hollywood-based queer dating app Grindr could soon go private after the chair of the board submitted a buyout bid and stepped down from his position.

James Lu, who served on Grindr's board for more than five years, said last week he was resigning to focus on personal business pursuits. In October, Lu and fellow board member Ray Zage ...Read more

Robert Gauthier/Los Angeles Times/TNS

Presents to arrive in time for the holidays, but may be more expensive

Business / Business News /

LOS ANGELES — Consumers don't have to worry about products arriving in time for the holidays, though they may be facing higher prices, say officials at one of America's largest ports.

Imports at the Port of Long Beach are flowing smoothly through its facilities despite the government shutdown and tariff uncertainties, port executives said. ...Read more

Arvin Temkar/The Atlanta Journal Constitution/TNS

Norfolk Southern got safer after Ohio crash. Unions warn of merger risk

Business / Business News /

In the two and half years since Norfolk Southern’s devastating train derailment in East Palestine, Ohio, the company has undergone what it calls a “safety transformation.”

The 2023 derailment was a wake-up call for Norfolk Southern and the industry. The crash, fire and chemical plume forced the town to evacuate, and residents still fear ...Read more

Robin Buckson/The Detroit News/TNS

Will the price be right? What shoppers can expect for the holiday season

Business / Business News /

FERNDALE, Michigan — Concerned about this year’s holiday season, the owners of Modern Natural Baby and Kids planned ahead. In addition to mailing out 10,000 Christmas catalogs for the first time, the store opened a warehouse to house more inventory, including stuffed animals and books.

"We bought a lot of this stuff in March and April when ...Read more

Clarence Tabb Jr./The Detroit News/TNS

How the US auto industry looks at beating the Chinese without becoming them

Business / Business News /

Detroit’s auto executives say their companies need to beat China’s automakers — but they also can't become them.

China's advancement into the global auto space has accelerated under a political and economic system with major costs: low-cost labor and high rates of automation, mining and refining pollution, a lack of defense of ...Read more

A fourth tier of credit cards has begun to emerge

Business / Business News /

For a long time, credit cards have generally fallen into three tiers: no-annual-fee cards, mid-tier cards with annual fees around $95 and premium cards with annual fees measured in the hundreds (these used to cluster around $400 or $500 per year, now it’s more like $800 or $900 in many cases).

The upmarket migration of luxury credit cards ...Read more

Dreamstime/Dreamstime/TNS

Peabody Energy to leave downtown St. Louis after 70 years

Business / Business News /

ST. LOUIS — Peabody Energy is heading to the suburbs, the latest company to leave downtown St. Louis.

Peabody, the nation’s largest private coal producer, plans to relocate next year from its eponymous building at 701 Market Street to an office off Manchester Road and Interstate 270 in Des Peres.

The impending move follows concerns from ...Read more

Dreamstime/Dreamstime/TNS

'Do I need it?' Groceries cost 20% to 40% more than before the pandemic. How San Diegans are making do

Business / Business News /

SAN DIEGO — Mike Portal uses a no-fee credit card that gives 6% back on groceries. He pays it off every month.

The chicken drumsticks in Chris Lovelace’s freezer cost 99 cents a pound, far cheaper than the red meat he used to buy.

Margi Thornburgh, a night owl, checks ads and clips coupons every Wednesday at midnight and hunts for more ...Read more

General Atomics/General Atomics/TNS

ECONOMETER: Should California financially contribute to the nuclear fusion industry?

Business / Business News /

Supporters of the potential of nuclear fusion are pushing California officials to shell out money for the thus-far elusive energy source.

A new study from the San Diego Regional EDC predicts fusion has the potential to support more than 40,000 jobs and inject as much as $125 billion into California’s economy in the next decade.

Critics argue...Read more

Jemal Countess/Getty Images North America/TNS

Boeing let off in 737 Max crashes in deal judge says won't protect public

Business / Business News /

The Department of Justice secured judicial approval to drop the sole criminal charge against Boeing filed after two deadly 737 Max crashes, moving forward with a nonprosecution agreement even as the judge warned the deal won’t ensure the safety of the flying public.

Prosecutors secured judicial approval Thursday to drop the final criminal ...Read more

US consumer sentiment declines to near lowest on record

Business / Business News /

U.S. consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic outlook and high prices soured views about personal finances.

The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022 reading of 50 that was the weakest in University of Michigan data back to 1978. ...Read more