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Study: Lower gas prices make ICEs more affordable to fuel up than EVs

Business / Business News /

With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economic to fuel up versus an equivalent electric vehicle.

Entry-level gas-powered cars like the Honda Civic and Subaru Impreza had an average fueling cost of $9.46 per 100 purposeful miles, which are defined as those going to a destination, not a gas or ...Read more

Genaro Molina/Los Angeles Times/TNS

The battle brewing over California workers' unique right to sue their bosses

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California workers who believe they have been victims of wage theft or other workplace abuses have for more than two decades relied on a unique state law that lets them sue employers not only themselves but also for other workers.

Now a battle is shaping up over the law, known as the Private Attorneys General Act, or PAGA. An initiative seeking...Read more

Anda Chu/Bay Area News Group/TNS

Silicon Valley job boom ends for now as employment growth slows down: report

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SAN JOSE, California — Silicon Valley’s job boom has hit a pause, and while the region is still adding workers, the pace of hiring in 2023 was markedly slower than the year before, a new report shows.

Although hiring is in a slump, median household income is on the rise, according to the Silicon Valley Index 2024, a closely watched annual ...Read more

Dania Maxwell/Los Angeles Times/TNS

Looking to buy or sell a home this spring? Here's what to expect

Business / Business News /

Spring is less than a month away, and with it typically comes a busy time to buy and sell a home in Southern California.

The holidays have passed. The weather is warmer. At least in theory, families should have enough time to find a home, move and settle in before their children start school in the fall.

But during four years of a pandemic-...Read more

Italy reached out to BYD about plans for European car plant

Business / Business News /

BYD Co. has been contacted by the Italian government as part of the country’s efforts to attract a second car manufacturer beyond Fiat maker Stellantis NV.

“We have some contacts to discuss about that,” Michael Shu, managing director of BYD Europe, said in an interview at the Geneva International Motor Show. The need for a second ...Read more

Delta plans another eclipse flight, after first one quickly sold out

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Delta Air Lines is putting up for sale another flight for passengers to get a view of the upcoming solar eclipse from the air, after its first eclipse flight sold out in less than 24 hours.

Delta said it will operate Flight 1010 on April 8, the day of the total solar eclipse, departing Dallas Fort Worth International Airport at 12:30 p.m. bound...Read more

FAA panel finds Boeing safety culture wanting, recommends overhaul

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A Federal Aviation Administration-commissioned report issued Monday is highly critical of Boeing's safety culture and makes more than 50 recommendations to bring it up to the required legal standards consistent with "the public interest in aviation safety."

The report, written by a panel of independent aviation experts, cites "a disconnect" ...Read more

Expedia cuts will hit 1,500 roles in 2024, Seattle firm tells workers

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As it welcomes a new chief executive, Expedia expects cuts following an operational review that will impact 1,500 roles throughout the year, outgoing CEO Peter Kern told employees Monday.

Expedia's product and technology teams will see the deepest cuts, according to Kern's memo, as the company looks to "invest in core strategic areas." The cuts...Read more

George Avalos/Bay Area News Group/TNS

Cisco plans to chop more than 700 Bay Area jobs in latest tech layoffs

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SAN JOSE, California — Cisco Systems, in a fresh bout of layoffs, has revealed plans to slash more than 700 Bay Area tech jobs, an ominous hint that the technology industry’s post-coronavirus economic maladies have yet to abate.

The most recent layoffs disclosed by the tech titan will affect Cisco workers in San Jose, Milpitas and San ...Read more

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Notorious ransomware group launched cyberattack on UnitedHealth Group

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A ransomware group known as Blackcat was responsible for launching a cyberattack last week at UnitedHealth Group that resulted in nationwide disruption of prescription orders, Reuters reported Monday.

Blackcat actors employ a multiple extortion model of attack, the Justice Department says, with affiliated stealing sensitive data and seeking a ...Read more

DREAMSTIME/TNS

Pet financing: Should you get a pet loan?

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Owning a pet can be expensive. Setting aside funds for your pet’s needs from everyday expenses to unexpected medical costs is important. This is especially true if you have or are looking for a service, therapy or emotional support animal because they often need specific training.

Luckily, various veterinary financing options, like pet or vet...Read more

DREAMSTIME/TNS

403(b) vs. 401(k): What's the difference in these retirement accounts?

Business / Business News /

If you’re looking at retirement accounts, then you may come across the 403(b) and the 401(k) plans. Both the 403(b) and 401(k) are among the best retirement plans available, and one key difference between them is relatively simple: the group of workers that is allowed to use them.

Here’s how 403(b) and 401(k) plans work and their major ...Read more

Iandewarphotography/Dreamstime/TNS

Boeing board blocks shareholder push to bring HQ back to Seattle

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Boeing's board has killed a longshot shareholder proposal that the company move its headquarters back to Seattle.

The proposal was put forward to be voted on this spring at Boeing's annual general meeting by 83-year-old Walter Ryan, a retired Chicago business owner, corporate gadfly and stock market investor who owns 10,000 shares in the ...Read more

Howard Lipin/The San Diego Union-Tribune/TNS

Kroger-Albertsons mega-merger would cause grocery price hikes, FTC says, in suit to block deal

Business / Business News /

The Federal Trade Commission on Monday sued to block the merger of two of the nation's largest grocers.

The regulatory agency alleges that Kroger's proposed $24.6-billion acquisition of Albertsons — the largest proposed supermarket merger in United States history — will obliterate competition between the major grocers, leading to higher ...Read more

Ray Chavez/Bay Area News Group/TNS

Amazon 'Dash Carts' come to Whole Foods in California test market

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Amazon has begun testing new high-tech shopping carts at a Whole Foods market in San Mateo, California, that scan your items as you go. When you finish shopping, you skip the cash register lines and simply walk out of the store with your groceries. It’s the first test market in California and only the sixth in the U.S.

The San Mateo store has...Read more

Jason Armond/Los Angeles Times/TNS

They earn nearly $200,000. Can they afford to have kids in SoCal?

Business / Business News /

During their daily walk a few years ago, a Burbank couple brainstormed baby names, settling on one option for a boy and another for a girl.

But the names never got used.

After several conversations and scrutiny of their life goals and monthly budget, Beccy Quinn and Xavier Coelho-Kostolny decided last year to join the growing cohort of ...Read more

Jeff Wheeler/Minneapolis Star Tribune/TNS

Despite COVID pause, Minnesotans are again living with debt

Business / Business News /

Every time Abigail Turner starts to catch up on her debt, something happens.

She listens to financial podcasts. She makes a budget. She spends carefully. And then an ER visit or a pet expense or a layoff pops up, and she's behind again.

"It's like having a rock around your ankle: Everything you do, you have to factor in this rock," said the ...Read more

Charles Fox/The Philadelphia Inquirer/TNS

These adult mini-golf bars have some of the hottest tee times in Philadelphia

Business / Business News /

PHILADELPHIA — When Puttshack opens as a Center City spot for drinks, food, and mini golf this weekend, it’ll be the second business of its kind in about a two-mile radius.

In Philadelphia, and around the country, mini golf isn’t just for kids anymore. Adults are loving it, too.

It’s a plan for a Sunday Funday out with friends, local ...Read more

Presidential election a fork in the road for automakers' EV plans

Business / Business News /

DETROIT — Depending on whom Americans elect to the presidency in November, the U.S. auto industry could be looking at two vastly different product and profitability scenarios.

As a result, the industry is holding its breath. The Biden administration last year proposed stricter emissions regulations into the next decade, suggesting EV ...Read more

Stellantis NV/Stellantis NV/TNS

Jeep cuts US pricing as new leaders alter strategy ahead of EV launches

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AUBURN HILLS, Michigan — Jeep has cut pricing on its lineup as a part of an altered strategy under new brand leadership after the automaker bled U.S. market share and is set to launch its first all-electric vehicles in North America.

Jeep sales declined 6% in 2023 in the United States. It’s facing increasing competition in niches that for ...Read more