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Four years ago, Las Vegas' casinos shut down for 78 days. The fallout was brutal

Business / Business News /

Four years ago few believed that Las Vegas’ casinos would be forced to close to minimize the impact of the COVID-19 virus that was rampaging worldwide.

But they did. And the fallout was brutal.

About a month after casinos in Macao were closed for 15 days to slow COVID’s spread, then-Gov. Steve Sisolak on March 17, 2020 ordered all casinos ...Read more

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Fiat CEO says new 500e is 'right tool' for big-city drivers. Can this small EV compete?

Business / Business News /

The little Fiat 500e — Stellantis NV’s first foray into the U.S. electric vehicle market — is by no means a Swiss Army knife of a car, the brand’s CEO Olivier François says.

“It’s really the right tool for the job,” he told The Detroit News this week, “and the job is urban mobility, and making urban mobility as ethical as you ...Read more

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Auto review: Redesigned 2024 Lincoln Nautilus' game-changing interior

Business / Business News /

There’s a difference between a one-night stand, a moment that’s a passing fancy, and true love, which is something deeper, where you can experience a person’s inner being. It’s not so much different when it comes to a new SUV. A flashy exterior may catch your eye, and it might provide an afternoon’s worth of fun. But is it a worthwhile...Read more

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Auto review: 2024 Silverado 2500HD ZR2 is diesel lovers heaven

Business / Business News /

As Chevrolet continues to keep up with the trends of the American truck competition, the release of the 2024 Silverado 2500HD ZR2 was very anticipated. As the brother brand, GMC, has released the AT4 in prior years, Chevrolet’s version is just as big and brawny as can be.

Powered with the ever-reliable Duramax 6.6-liter turbo-diesel, ...Read more

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US Steel rival is ready to pick up the pieces if Nippon deal collapses

Business / Business News /

Cleveland-Cliffs Inc. Chief Executive Officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp.

That potential bid, though, is dependent on the current Nippon-U.S. Steel tie-up falling apart, ...Read more

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JonnyPops faces lawsuit alleging misleading labels

Business / Business News /

JonnyPops is facing a lawsuit filed in California alleging the Minnesota-based company misleads customers about the nutritious nature of its frozen treats.

The suit's complaint charges the ice pop-maker with the "use of misleading, unlawful and fraudulent packaging and advertising practices to attract customers to pay a premium for its ...Read more

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Michael Hiltzik: What would banning TikTok accomplish? Answer: Virtually nothing

Business / Business News /

In just the last few days, a couple of developments involving TikTok have arisen to illustrate the right and wrong way to think about the rapidly expanding social media platform.

The first was a devastating exposé that independent journalist Jonathan M. Katz posted there of a misleading story Sen. Katie Britt, R-Alabama, told during her ...Read more

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NYC rents hit record highs in Manhattan, Brooklyn and Queens

Business / Business News /

Median rents in Manhattan, Brooklyn and Northwest Queens hit record highs in February as New Yorkers grapple with an ongoing affordability crisis, a new report found.

New lease signings also climbed, setting year-over-year records in Manhattan and Queens and the second-highest record for Brooklyn, according to the latest analysis by real estate...Read more

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Build-A-Bear to open at least 50 more stores this year as revenues keep rising

Business / Business News /

ST. LOUIS — Build-A-Bear Workshop will open 50 new stores by the end of the year and is expanding its corporate headquarters, company leaders said during Thursday.

CEO Sharon Price John reported that the toy manufacturer opened 37 new locations in 2023 and plans to launch at least 50 more this year. Though John didn't specify where these new ...Read more

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Chicago's Lurie Children's Hospital reactivating MyChart after cyberattack

Business / Business News /

CHICAGO — Lurie Children’s Hospital has started to reactivate its MyChart online patient portal, more than a month after falling victim to a cyberattack.

Lurie plans to bring back MyChart over the coming days, the health system said in a statement. Patients will soon be able to use MyChart again for online scheduling, e-check-in, to send ...Read more

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Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok

Business / Business News /

As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the China-based company.

"This should be owned by U.S. businesses," Mnuchin told CNBC's "Squawk Box" on Thursday morning. "There's ...Read more

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FCC forces cable firms to show single price, no hidden fees

Business / Business News /

Cable and satellite-TV providers will need to make sure bills and ads clearly display a total price for video subscribers, including extra fees that can amount to hundreds of dollars a year, under a rule adopted Thursday by the Federal Communications Commission.

“No one likes surprises on their bill,” Democratic FCC Chairwoman Jessica ...Read more

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Fed gets more reasons to delay interest-rate cuts

Business / Business News /

Fresh data on inflation and unemployment filings gave Federal Reserve officials more reasons to hold off on cutting interest rates, even as retail sales suggested a slowdown in consumer spending.

Prices paid to U.S. producers topped forecasts in February, and fewer people applied for and received jobless benefits than previously thought, ...Read more

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Texas ruling could have implications for minority businesses

Business / Business News /

It’s a ruling reverberating across the country — even if the ramifications aren’t yet clear.

Last week, a U.S. District Court judge in Texas ruled that a federal agency created to assist minority business owners could not use race as a deciding factor in whom to serve, essentially forcing it to open to white entrepreneurs.

The Minority ...Read more

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Delta to restart flights to Israel from New York

Business / Business News /

Delta Air Lines plans to restart flights to Israel from New York in June, following an “extensive security risk assessment.”

The Atlanta-based airline said it will restart daily nonstop flights to Tel Aviv from New York’s John F. Kennedy International Airport on June 7, using Airbus A330-900neo jets.

Delta’s service to Israel has been...Read more

Real estate Q&A: My fiance died and left home we lived in to a friend. What are my options?

Business / Business News /

Q: I have been living with my fiancé in his house for a few years. Unfortunately, he passed away recently. When I checked the deed, I found out that the house was set up as a life estate to go to his friend, who also lives there. The friend is now eager to sell the house, but I have been helping to support it and make repairs for the last ...Read more

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Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok

Business / Business News /

As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the China-based company.

"This should be owned by U.S. businesses," Mnuchin told CNBC's "Squawk Box" on Thursday morning. "There's ...Read more

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Rents are finally falling in Los Angeles. But it's still not enough for many

Business / Business News /

As Angelenos continue to suffer through a housing crisis, new data suggest that Los Angeles County's notoriously brutal rental market may be cooling while rental prices continue to climb in some of the most populous regions of Northern California.

Rental prices were down 2.5% in Los Angeles County in February 2024 versus the same month a year ...Read more

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When Colorado mountain towns couldn't find affordable housing for workers, they started building homes themselves

Business / Business News /

Decades ago, Colorado’s mountain communities, struggling with sky-high real estate values, implemented “inclusionary” ordinances that required developers to set aside a share of the units they built at a lower price or lower rent.

In a nod to just how expensive things have become, the definition of affordable has risen to include ...Read more

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Why 'economic headwinds' are suddenly to blame for everything

Business / Business News /

An atmospheric disturbance is whipping through the job market.

When Volvo announced it was cutting more than a thousand jobs last year, its CEO cited a particular phenomenon for the cuts. When the founder of the Messenger announced to his hundreds of employees that they were all laid off without severance, less than a year after the online ...Read more