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This model tops American-Made Index, and a Detroit brand makes big leap

Business / Business News /

WASHINGTON — For the sixth year in a row, a model from Elon Musk-led electric vehicle giant Tesla Inc. topped the 2026 Cars.com American-Made Index, while an offering from rugged Stellantis NV brand Jeep showed the greatest improvement among Detroit Three nameplates.

Jeep landed two 2026 models in the top five: the Gladiator and the Grand ...Read more

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Michael Hiltzik: How the coming AI-related IPOs could puncture the AI bubble

Business / Business News /

There's an old gambler's aphorism beloved by wise souls from Amarillo Slim to Warren Buffett that warns: "If you look around the poker table and can't identify the mark, it's you."

Investors might be well advised to keep this thought in mind over the coming months. That's because mega-initial public offerings from the widely followed artificial...Read more

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Strict rent control proposal is struck down in Massachusetts

Business / Business News /

The Massachusetts Supreme Judicial Court struck down a ballot proposal that would have imposed the strictest statewide rent control in the US.

The measure sought to limit apartment rent increases to 5% or the annual gain in the Consumer Price Index, whichever is lower. The proposal can’t go before voters in November because it includes an ...Read more

US workers lose buying power after war drives up prices

Business / Business News /

Whether they work in restaurants, offices or warehouses, Americans have seen their paycheck eaten up by a surge in everyday costs recently.

Inflation has outstripped wage growth in key private-sector industries for two straight months, according to data compiled by Bloomberg. The sharp drop in buying power for employees in sectors ranging from ...Read more

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Jonathan Levin: Greenspan's stumbles hold lessons for Warsh's Fed

Business / Business News /

Alan Greenspan, the titan of global central banking who led the Federal Reserve during decades of prosperity, has died at 100, just when elements of his free-market philosophy are experiencing a renaissance.

Greenspan is best remembered by fans — including new Fed Chair Kevin Warsh — for his economic stewardship during a period known as ...Read more

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Indiana takes on powerful hospitals by capping prices they charge employers

Business / Business News /

Tired of watching its employers struggle to afford the cost of healthcare, Republican-controlled Indiana is trying a traditionally liberal tactic to control costs: setting government price controls on hospitals.

Under a law enacted last year, five of Indiana’s largest nonprofit hospital systems cannot charge patients covered by job-based ...Read more

Trust in medical research has tanked. This hospital might have the answer

Business / Business News /

ST. PAUL. Minn. -- Gillette Children’s in St. Paul is trying to boost public confidence in medical research by doing something long considered taboo in U.S. health care: paying patients and their families to get involved.

The hospital for disabled children and adults is one of the first in the U.S. to hire “lived experience” partners who ...Read more

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What's next for the remains of Spirit Airlines? A deadline is coming soon

Business / Business News /

MIAMI -- The sleek headquarters that used to be home to Spirit Airlines is for sale, and the first deadline to submit bids is this week.

Who will buy it? Interested people or companies have until 4 p.m. Wednesday, June 24, to submit an initial expression of interest.

Broward County government had talked about making a bid for the building, ...Read more

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Canadian autoworkers union Unifor sets bargaining deadline with Ford

Business / Business News /

DETROIT -- Canadian autoworkers union Unifor set a bargaining deadline of July 10 for contract talks with Ford Motor Co. as the labor group seeks stability amid "crisis" for members affected by layoffs, U.S. tariffs and the ongoing review of the nation's trade agreement with the United States and Mexico.

Contracts with Detroit's three ...Read more

Bed Bath & Beyond begins reopening in California with a bonus: Old coupons will be honored

Business / Business News /

LOS ANGELES -- Bed Bath & Beyond is looking to stage a comeback as the decades-old company reopens stores in partnership with the Container Store in 22 cities, including two in Southern California.

To the delight of die-hard fans and coupon collectors, for a limited time the new stores will accept the chain's blue and white coupons, no matter...Read more

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Amazon agrees to pay $3 million in Pennsylvania class-action settlement over unpaid wages

Business / Business News /

PHILADELPHIA -- Amazon has reached a $3 million class-action settlement in Pennsylvania over allegedly unpaid wages during the pandemic.

Employees had said they spent time off the clock before their shifts in COVID-19 screenings and were not paid for that time as state law requires, according to court documents.

Amazon’s legal team has said ...Read more

Google invests $75 million in A24

Business / Business News /

Google on Monday announced it has invested in movie studio A24, as the two companies collaborate on new tools for artists that use artificial intelligence technology.

The Mountain View-based tech giant invested around $75 million into A24, the studio behind popular movies including horror film "Backrooms" and drama "Everything Everywhere All At...Read more

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Aaron Brown: The paradox of today's media

Business / Business News /

In 1992, Bruce Springsteen performed a song called “57 Channels (And Nothin’ On)” as a guest on Saturday Night Live. I remember this not just because of the Boss’ mellow lamentation of media oversaturation, but because I was watching on a rural Minnesota television set that only received four channels.

Fifty-seven channels? Must be nice...Read more

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Andrea Felsted: Amazon should share the wealth of its Prime Day data

Business / Business News /

Amazon.com Inc.’s Prime Day kicks off this week. So does the annual game of guessing just how many billions of dollars the online giant has taken in the summer bargain bonanza. For the sake of its investors, not to mention economists trying to gauge the health of the U.S. consumer, Amazon should release sales figures after the four-day event ...Read more

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Trump's new US tariff wall shakes up winners, losers lineup

Business / Business News /

President Donald Trump is rolling out new tools with the same protectionist goals after the Supreme Court ruled his sweeping global tariffs to be illegal. His administration wants the rebuilt wall of import taxes to mirror those Trump put on every major trading partner at the beginning of his second term.

But not all is as it was on April 2, ...Read more

This startup wants to bring driverless freight trucks to California's roads, but drivers are pushing back

Business / Business News /

A Bay Area startup is trying to reinvent the semitruck by making the gas-guzzling giants electric, autonomous and designed for efficiency.

Humble Robotics, founded last year in San Francisco, has raised $24 million to develop a cabless freight truck that lacks a steering wheel, gas pedal and driver's seat.

The company says its reimagined truck...Read more

The 'mass affluent' are losing their allure for wealth managers navigating AI

Business / Business News /

Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.

“The mass-affluent client now gets something close to private-banking quality from AI,” said Debasish Patnaik, senior partner McKinsey & Co. That not only...Read more

Evan Ramstad: Minnesota is No. 1 yet again. It should not rest on its laurels

Business / Business News /

In 1971, a cheeky Minnesota writer landed a satirical essay in the New Yorker magazine about the United States being named the No. 1 country for the 28th year in a row by the Association of World Leaders.

“With America withdrawing from a costly and divisive war abroad while beset by economic ills at home, some international observers had ...Read more

Should you pay off your mortgage early, or invest instead?

Business / Business News /

For many people, few financial goals are more satisfying than making that final mortgage payment and owning a home free and clear.

But in an era when technological breakthroughs like AI and private space exploration are creating new investment opportunities — and new fortunes — the decision to pay off a mortgage early isn’t as ...Read more

This startup wants to bring driverless freight trucks to California's roads, but drivers are pushing back

Business / Business News /

A Bay Area startup is trying to reinvent the semitruck by making the gas-guzzling giants electric, autonomous and designed for efficiency.

Humble Robotics, founded last year in San Francisco, has raised $24 million to develop a cabless freight truck that lacks a steering wheel, gas pedal and driver's seat.

The company says its reimagined truck...Read more