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GM to end production of the Chevy Malibu this fall, will prep Fairfax for Bolt production
General Motors Co. will halt production of the Chevrolet Malibu sedan this fall at its Fairfax Assembly plant in Kansas to prep for production of the new Chevrolet Bolt electric vehicle, the automaker confirmed Wednesday.
Production of the Cadillac XT4 small SUV will continue until the plant is shut down next year to retool for production of ...Read more
Lower car prices bring better deals, but high interest rates deter some buyers
Consumers that delayed buying a car between 2020 and 2023 are in a much better spot to buy in 2024, experts say, as sticker prices drop due to recovering inventory levels.
High interest rates on auto loans, however, remain a barrier despite car manufacturers' upping incentives for potential buyers.
Still, it's a good time to buy a car, and it'...Read more
SXSW entertainment and tech festival to expand to London in 2025
Entertainment and tech festival South By Southwest will be expanding across the pond to London in June 2025, growing the influential brand's reach internationally.
The new festival will be centered around Shoreditch, an artsy area in East London known for its nightlife, street art and creative spaces.
In addition to the typical music, tech, ...Read more
Minneapolis Fed's Kashkari says interest rate conundrum makes 2024 uncertain
The idea of a "new normal" became a post-pandemic cliche, but the president of the Federal Reserve Bank of Minneapolis thinks there might be economic proof of its truth.
After 11-consecutive interest rate hikes from March 2022 to July 2023, policymakers have kept rates at 5.25% to 5.5% since, including upholding that rate at a meeting of the ...Read more
California's wealthiest farm family plans mega-warehouse complex that would reshape San Joaquin Valley economy
California's wealthiest farming family is proposing an expansion of industrial warehousing in Kern County that would fundamentally reshape the economy in the southern San Joaquin Valley.
Outside of Kern, Stewart and Lynda Resnick, the billionaire owners of the Wonderful Co., are better known for pomegranates and pistachios. But for more than a ...Read more
Balls, orbs or neurons: the pioneering tech helping a rural utility company manage transmission lines
Steady gusts of wind swept across a field in Maple Grove, Minnesota, last week as Warren Grange of Heimdall Power flew a drone to attach what looks like a high-tech cantaloupe on to a power line.
The small sphere, which the Norway-based company officially calls a "neuron," has drawn nicknames like "magic ball" or "orb." Whatever the name, ...Read more
A Philadelphia pharmacy's closure after 26 years highlights the industry's growing challenges
Last Monday, Friendly Pharmacy filled 318 prescriptions. For about 100 of them, insurance companies paid the pharmacy less than $3.
In 22 instances that day, the reimbursement was less than the cost of the medication. And that’s just among the prescriptions that were actually filled. Managing pharmacist Brad Tabaac said he has to turn away ...Read more
Meta will let advertisers create campaigns using new generative AI tools
Facebook and Instagram parent company Meta Platforms Inc. is testing new tools that will let advertisers create marketing material, including images and messaging, using generative AI prompts.
If an advertiser uploads a photo of their product, Meta’s artificial intelligence tools can now generate new, different images of that product for ...Read more
If pigs get bird flu, we could be in for a real nightmare
The bird flu outbreak among dairy cows continues to generate alarm, despite reassuring news that pasteurized milk is unlikely to infect anyone with H5N1. Scientists can’t stop worrying about a nightmare scenario: that the virus will get into pigs and, from there, spark a human pandemic.
Pigs “are the perfect vessels through which an even ...Read more
Panera getting rid of 'charged' caffeinated lemonade after wrongful death lawsuits
Panera Bread will no longer sell its "charged lemonade" — a caffeinated drink at the center of two wrongful death lawsuits against the company — in a move the plaintiffs' attorney says "will save lives."
The lawsuits allege that Panera failed to accurately advertise its charged lemonade as an energy drink, putting consumers at risk, and ...Read more
Illinois hemp businesses owners call for regulation and taxation, not prohibition
The last thing most business owners want is to be taxed and regulated, but hemp business owners are asking for just that — as a way to keep their industry alive.
Hemp entrepreneurs came out Tuesday in favor of a state legislative proposal to license hemp sales, require testing and labeling of their products, prohibit products that look like ...Read more
US rents climbed 1.5 times faster than wages in last four years
Rents in most major U.S. metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
Nationwide, rents climbed 30.4% while incomes expanded 20.2% from 2019 to 2023, data from Zillow, StreetEasy and the Bureau of Labor Statistics show. Florida, a migration hot spot, had ...Read more
A 'slap in the face:' Farmworker groups decry law preventing heat rules
Agriculture is the second-largest industry in Florida after tourism, and Central Florida has three of the state’s top 10 producing counties: Polk, Orange and Lake.
Although states such as Washington, Minnesota, California, Oregon and Colorado have laws protecting those who toil in the heat, Florida lacks such standards for its 2 million ...Read more
Worsening weather is igniting a $25 billion market
Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.
That’s beginning to change. ...Read more
Armed with venture capital, Skims and Kim Kardashian write their 'second chapter'
Kim Kardashian was already a successful celebrity businesswoman when she launched Skims five years ago.
But more often than not, she simply had attached her name to a string of existing companies: QuickTrim supplements, Carl’s Jr. salads, Skechers Shape-Ups, Sugar Factory confections, Midori liqueur, Silly Bandz bracelets, Beach Bunny ...Read more
Tesla Autopilot probe escalates as US agency demands data
Tesla Inc. is facing increased federal scrutiny of Autopilot, with the top U.S. auto-safety regulator seeking data that will help determine whether the company’s biggest-ever recall made its driver-assistance system safer.
In a letter posted on its website Tuesday, the National Highway Traffic Safety Administration presses Tesla on how much ...Read more
Presidential election pivotal in how labor board will referee unions
As the United Auto Workers continues its organizing drive in the South with an election next week at a Mercedes-Benz plant in Alabama, November’s presidential election looms as a potential turning point in the effort.
During their stints in the Oval Office, both Joe Biden and Donald Trump have used the National Labor Relations Board — an ...Read more
Disney's streaming business (sans ESPN+) turns a quarterly profit
Walt Disney Co. is making massive strides toward making its streaming business profitable, a milestone that comes none too soon as its traditional TV networks continue to decline.
The Burbank media and entertainment giant reported overall streaming business revenue of $6.19 billion for the second fiscal quarter of 2024, up 12% compared with a ...Read more
Google updates $499 low-end Pixel phone, cuts tablet price
Alphabet Inc.’s Google rolled out a new version of its $499 lower-end Pixel smartphone, aiming to entice budget-minded shoppers with an updated screen and artificial intelligence features.
The Pixel 8a device, which comes a year after the 7a model, adds a faster processor, brighter screen, an option for double the storage and new AI features...Read more
University of Chicago Medicine residents, fellows vote to unionize
More than 1,000 residents and fellows at University of Chicago Medicine have voted to unionize, joining their peers at other large Chicago-area health systems.
The doctors hope to soon negotiate their first contract with UChicago Medicine. They’re looking for improved pay and working conditions. Residents often work at hospitals after earning...Read more
Popular Stories
- Elizabeth Holmes projected release from prison is moved closer
- A 'slap in the face:' Farmworker groups decry law preventing heat rules
- Worsening weather is igniting a $25 billion market
- Armed with venture capital, Skims and Kim Kardashian write their 'second chapter'
- Panera getting rid of 'charged' caffeinated lemonade after wrongful death lawsuits