Many Seattle area residents feel like the bar to owning a home just keeps getting higher, and they're not imagining things.

The cost of a monthly mortgage payment is now well beyond double the cost of median rent here — among the largest gaps in the country.

While the typical renter who recently moved is spending an already eye-watering $2,...Read more

For Vince Gervasi, chief executive of Triscenic Production Services, it was yet another body blow.

His company, a leading supplier of set and scenery storage and transportation for the film industry, was poised for a turnaround after nearly three years of losing money.

Then, last week, he said a line producer on “Shark Tank,” one of his ...Read more

Stellantis NV CEO Antonio Filosa on Thursday morning was unveiling a new five-year, nearly $70 billion business turnaround plan for the struggling transatlantic automaker that will channel a bulk of its brand and product resources to four of the company's 14 nameplates: Jeep, Ram, Peugeot and Fiat.

Filosa and other executives were detailing the...Read more

Najimah Roberson, a lifelong renter, spent the past two years searching around Harrisburg, Pennsylvania, for a home she could afford — getting outbid nearly 30 times along the way.

The ordeal had the 42-year-old daycare business owner “in tears for weeks” before she finally found a five-bedroom fixer-upper for $340,000. It has an ...Read more

In Granbury, Texas, city council meetings begin with a prayer.

But at a session back in January, one local invoked the Almighty in a way that would have been unimaginable just a decade ago.

“I want to pray in Jesus’ name that the land annexed will not become a data center,” said Matt Long, a member of the development commission in ...Read more

Schlitz beer will be brewed for the last time on Saturday.

Wisconsin Brewing Co. brewmaster Kirby Nelson told the Milwaukee Journal Sentinel that he’ll make an 80-barrel batch of Schlitz that adheres to the specifications set by the company in its 1948 heyday to retire the beer with “dignity and respect.”

Pre-orders begin Saturday for ...Read more

Completion of a planned $3.5 billion General Motors Co. battery plant in Indiana has been paused as the Detroit automaker and partner Samsung SDI adjust to lower-than-expected demand for electric vehicles.

GM aims to finish construction of the exterior of the New Carlisle, Indiana, plant as soon as possible. After that, it's unclear what will ...Read more

Aldermen voted to freeze Chicago’s “One Fair Wage” ordinance Wednesday, halting required raises for tipped workers like waiters who now get paid below the city minimum.

The City Council’s move stops the increases for at least two years. The veto-proof majority — just one alderman voted against the change — hardly marks an end to the...Read more

Elon Musk wants to take investors on a ride to the moon — and beyond.

His pioneering rocket company SpaceX filed Wednesday for what's expected to be the largest initial public offering in history, potentially raising at least $75 billion and valuing the company at well over $1 trillion.

The registration statement with the Securities and ...Read more

The top U.S. securities regulator is delaying the launch of a wave of novel exchange-traded funds that would let investors wager on events such as elections and economic data as the agency weighs how far the $15 trillion ETF wrapper can stretch.

Securities and Exchange Commission Chairman Paul Atkins said Wednesday that he has instructed staff ...Read more

A day after declaring it would cost $8 billion to rebuild Penn Station — and a day before the Amtrak Board was scheduled to meet — Transportation Secretary Sean Duffy announced Wednesday that a coalition of Halmar, the U.S. arm of Italian company ASTM Group, and the construction firm Skanska would be in charge of the massive project.

The ...Read more

A Californian is suing Fashion Nova after receiving multiple early-morning texts from the retailer.

The Beverly Hills-based retailer violated federal law that bars companies from sending telephone solicitations before 8 a.m. or after 9 p.m. local time, the lawsuit filed in Northern California last month claims.

Fashion Nova's "unlawful conduct...Read more

Two California companies at the front of the global race to bring battery-powered air taxis to the public are trying to trip each other up in court.

While Joby Aviation and Archer Aviation are based within an hour of each other in Northern California, they are bitter rivals, each hoping their own small electric vertical take-off and landing ...Read more

Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at reducing costs while the company invests heavily in artificial intelligence.

The company notified workers around the world Wednesday morning, starting with employees across Asia, who got the note at 4 a.m. ...Read more

Target posted its strongest sales quarter since its pandemic surge, but analysts question whether persistent economic uncertainty will stall the company’s progress.

The retailer on Wednesday reported a 5.6% increase in comparable sales for the February-to-April period. The company also raised its full-year guidance to 4% net sales growth, up ...Read more

Lupa Systems, the media and tech holding company owned by James Murdoch, is set to acquire nearly half of Vox Media.

As part of the deal, Murdoch's company will own Vox Media's podcast network, Vox.com and New York Magazine, once an asset of his father, industry giant Rupert Murdoch. Terms of the deal were not disclosed, but the price tag was ...Read more

Target posted its strongest sales quarter since its pandemic surge, but analysts question whether persistent economic uncertainty will stall the company’s progress.

The retailer on Wednesday reported a 5.6% increase in comparable sales for the February-to-April period. The company also raised its full-year guidance to 4% net sales growth, up ...Read more

CHICAGO — Traffic has been down across the restaurant industry over the past few years, but you wouldn’t know it by the crowds at the annual National Restaurant Association show at McCormick Place this week.

The four-day event through Tuesday featured packed exhibition halls, overflowing parking garages and aisles jammed with some 53,000 ...Read more

A visitor has filed a $5 million lawsuit against Disneyland for allegedly failing to properly disclose the use of facial-recognition technology at park and collecting sensitive data on guests.

Summer Christine Duffield of Riverside County, California, filed the lawsuit after a May 10 visit to Disneyland and sister park California Adventure, ...Read more