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Delta warns of challenges over 4th of July weekend, allows rebookings

Business / Business News /

Delta Air Lines warned that it expects "operational challenges" over the busy Fourth of July weekend, and is allowing customers to change their travel dates to avoid the havoc.

Atlanta-based Delta is taking the unusual move of issuing a travel waiver for the July 1-4 period on any flights across its entire system, so customers can easily shift ...Read more

Greg Gilbert/The Seattle Times/TNS

2 Seattle startups racing to transform next-gen space travel

Business / Business News /

The phrase "nuclear energy" conjures images of large steaming towers or Tony Stark's arc reactor from the iconic "Iron Man" movies. But two Seattle-based startups are designing nuclear technologies small enough to pick up and carry that, thanks in part to buy-in from the Defense Department, they hope will fuel a new generation of spaceships.

...Read more

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Fed's inflation fight made tougher by state relief efforts

Business / Business News /

States’ efforts to provide inflation relief to US consumers with tax rebates may go over well with recipients — yet they risk adding even more fuel to spending and making it tougher for Federal Reserve policy makers to cool inflation.

Even so, the impact is likely to be limited on both spending and prices, economists said. That’s in part ...Read more

Health care startups turn to 'coaches' to help patients cope and monitor treatment

Business / Business News /

In 2011, Sean Duffy and Adrian James were sitting in San Francisco’s Dolores Park debating what to call some workers at the company they founded, Omada Health.

Omada, which launched that year, provides virtual treatment for chronic conditions. The company addresses the conditions through a team of employees — some traditional clinicians and...Read more

John J. Kim/Chicago Tribune/TNS

The big contributors to inflation you're not hearing about: profiteering corporations

Business / Business News /

by Michael Hiltzik

Here's an inflation remedy you're not hearing much about: Reduce corporate profits.

If that sounds like a drastic, even radical idea, the reason may be that economic commentators and news pundits have been fixated on the role of higher wages in driving inflation higher.

As I reported recently, an argument is even ...Read more

David Guralnick/The Detroit News/TNS

Auto sales could hit below pandemic 2020 levels amid low inventory challenges

Business / Business News /

Low inventory levels led Cox Automotive analysts to again revise their full-year U.S. 2022 new-vehicle sales forecast downward.

At a discussion Tuesday with media, analysts projected 14.4 million sales this year, below the 14.6 million sold in pandemic year 2020.

Cox initially forecast 16 million sales for the year before dropping that ...Read more

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Colorado's cannabis industry prepares for tough times as US recession looms

Business / Business News /

Colorado’s cannabis industry is preparing for tough times as marijuana sales drop and economic problems pile up.

During the COVID-19 pandemic lockdowns, weed businesses serviced consumers eager to stock up on their favorite edibles, concentrates and pre-rolls. That high has since given way to a low for the industry, as less consumer spending ...Read more

US Steel to make $150M investment in Iron Range operations

Business / Business News /

U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills.

The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite plants, either Minntac in Mountain Iron or Keetac in Keewatin....Read more

Clarence Tabb Jr./The Detroit News/TNS

Buick tops JD Power Initial Quality Study as vehicle problems rise

Business / Business News /

General Motors Co.'s Buick brand topped J.D. Power's 2022 Initial Quality Study in a year in which pandemic-related disruptions caused overall results to decline.

That's according to data released Tuesday by the consumer insights, advisory services and data analytics firm. Initial vehicle quality "notably declined" during the pandemic, with ...Read more

Joe Burbank/Orlando Sentinel/TNS

Port Canaveral finances sitting pretty as new Disney ship joins the party

Business / Business News /

As Disney Cruise Line gears up with its first new ship sailing from Port Canaveral in more than a decade, the port is already surging ahead of its expected budget nine months into the fiscal year.

Disney Wish is set to have its christening at the port Wednesday, and begin sailing with customers on July 14. That begin date for sailing is ...Read more

John J. Kim/Chicago Tribune/TNS

Letter writing campaign: Chicago pitches values over tax rates to CEOs in states facing post-Roe abortion bans

Business / Business News /

In the wake of the Supreme Court decision to overturn Roe v. Wade, Chicago fired off hundreds of letters Monday to Fortune 500 CEOs in states facing abortion bans, pitching the city as a more welcoming location for their businesses.

The letter, which was signed by Mayor Lori Lightfoot and other civic leaders, was mailed to about 300 CEOs in 25 ...Read more

Phil Velasquez/Chicago Tribune/TNS

Walgreens decides not to sell its massive Boots business

Business / Business News /

Walgreens Boots Alliance has decided not to sell its huge United Kingdom Boots business, after months of floating the idea.

Deerfield, Illinois-based Walgreens began reviewing whether to sell Boots in January, but recently decided not to sell Boots or its No7 Beauty Company business, noting in a news release that “since launching the process,...Read more

Labor Department warning opens divide on crypto in 401(k) plans

Business / Business News /

WASHINGTON — Lawmakers and investor advocates are ringing alarms over the idea of allowing cryptocurrency into 401(k) and other retirement plans, especially after a turbulent month that saw some projects implode and other cryptocurrencies go into free fall.

The debate kicked off in March when the Labor Department posted a compliance release ...Read more

Karl Merton Ferron/The Baltimore Sun/TNS

This state will hire you -- no college degree required

Business / Business News /

With record numbers of state jobs going unfilled since the height of the COVID-19 pandemic, Maryland was in a bind. So, officials decided to eliminate the four-year degree requirement for thousands of those jobs—from parole agents to information technology specialists to nursing assistants—becoming the first state to do so.

In the current ...Read more

Youngrae Kim/for the/Chicago Tribune/TNS

Ford recalls nearly 2,900 electric F-150 Lightnings over tire pressure issue

Business / Business News /

Ford Motor Co. is recalling nearly 2,900 all-electric F-150 Lightning trucks over an issue with a tire pressure monitoring system that the automaker says can be fixed via a software update.

The Dearborn automaker said Monday it is issuing a safety compliance recall for certain 2022 Lightnings with 20" or 22" all-season tires because the tire ...Read more

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Workplace violence against New Jersey nurses and other hospital staff increased last year

Business / Business News /

New Jersey hospital workers have experienced a 15% increase in violence at their workplace — mostly physical and verbal attacks — over the last two years, as short staffing has generated frustrated and angry patients who lash out at nurses and their colleagues.

The number of attacks reached 9,962 last year, up from 8,691 in 2019, according ...Read more

Gas prices are falling. The reason why is a bummer

Business / Business News /

Gas and oil prices are heading in the right direction, finally. But the reasons why might be no cause for celebration.

Traders drove down the price of U.S. crude oil 11% over the past two weeks and gas prices followed suit, dropping 12 cents a gallon to a national average of $4.90, travel club AAA said in its weekly gas price update.

Patrick ...Read more

David Joles/Minneapolis Star Tribune/TNS

Connecticut's minimum wage rises again, to $14 an hour July 1. It won't be the last increase

Business / Business News /

Connecticut’s minimum wage rises to $14 an hour July 1, up $1 and cheering low-wage workers while adding to business owners’ worries about labor shortages and inflation.

It’s the fourth annual increase since 2019 and the next raise, to $15 an hour, is set for June 1, 2023, following a national campaign by organized labor and its allies in...Read more

Mel Melcon/Los Angeles Times/TNS

Wells Fargo says it will cover employees' travel costs for legal abortion services

Business / Business News /

Wells Fargo, which manages the largest branch-banking systems in the U.S., on Monday told its 246,000 employees that as of Friday, July 1, "we're expanding the coverage of our travel benefit to include reimbursement of transportation and lodging costs for legal abortion-related services" for women covered by Wells Fargo medical plans and their ...Read more

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Chevron will sell vast San Ramon headquarters, move jobs to Texas

Business / Business News /

SAN RAMON, California — Chevron intends to sell its vast headquarters campus in San Ramon, keep its head offices in the same East Bay city and shift jobs to Texas, a move that could deal a fresh blow to the Bay Area economy.

The energy giant said it will cover relocation costs for some employees to move from San Ramon to Texas.

“Chevron ...Read more