Business

/

ArcaMax

Boeing's white-collar union approves contract offer, avoiding strike

Business / Business News /

Boeing’s white-collar union members voted to accept the company’s contract offer Thursday, avoiding the possibility of a work stoppage.

The union, the Society of Professional Engineering Employees in Aerospace, or SPEEA, represents 17,000 workers in Boeing’s Washington factories and in nearby states, with the majority of its membership ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Stellantis US sales flatten in Q3 amid tumultuous turnaround

Business / Business News /

Year-over-year U.S. sales for Stellantis NV dipped slightly in the third quarter of 2026, according to company data released Oct. 1, as the struggling transatlantic automaker continues to chase an elusive turnaround.

The Jeep and Chrysler parent company sold 324,277 vehicles in the quarter spanning July through September. That was a decline of ...Read more

Kayla Bartkowski/Los Angeles Times/TNS

After ban threats, TikTok touts a $12 billion boost to California businesses

Business / Business News /

When Brandon Hurst first decided to sell his plants on TikTok Live in 2023, the 32-year-old Los Angeles resident didn't know what to expect. He said he thought he could sell at least 30 plants, but instead sold 250.

Now, three years later, the internet creator, who goes by Brandon the Plant Guy, sells up to 5,000 plants a week, works out of a 3...Read more

Griffin Catalyst/Griffin Catalyst/TNS

A billionaire playbook? How Carnegie Mellon fits in the plan to reinvent Miami

Business / Business News /

MIAMI — When South Florida billionaires Ken Griffin and Stephen Ross gathered with business leaders in February, they made a powerful pitch for a different kind of South Florida.

Through a statewide initiative powered by the advisory group Florida Council of 100, Griffin and Ross called on CEOs, billionaires and entrepreneurs to bring and ...Read more

Real estate Q&A: What happens to deal to sell our house after buyer unexpectedly died?

Business / Business News /

Q: We are selling our home and are under contract with a buyer who was getting a mortgage. Last week we were told the buyer died unexpectedly. We feel terrible for the family, but we have already put money down on our next house, which depends on this sale closing. Where does this leave us? Is the deal dead, and what happens to the deposit? — ...Read more

Justin Sullivan/Getty Images North America/TNS

US mortgage rate rises to 7.28%, highest since November 2023

Business / Business News /

Mortgage rates surged to the highest level since November 2023, further straining a U.S. housing market already hampered by high borrowing costs.

The average for a 30-year, fixed loan jumped 25 basis points from a week earlier to 7.28%, Freddie Mac said in a statement Thursday. The weekly increase was the biggest since October 2022. A year ago,...Read more

Timothy A. Clary/AFP/Getty Images North America/TNS

US companies announce fewest job cuts for a September since 2022

Business / Business News /

U.S. companies announced the fewest number of job cuts for any September since 2022, according to data from outplacement firm Challenger, Gray & Christmas Inc.

Employers last month announced 43,281 job cuts, a near 20% decrease from a year earlier. So far this year, planned staffing reductions are down almost 40% from the same nine months in ...Read more

Kevork Djansezian/Getty Images North America/TNS

GM loses ground to Toyota as high prices reshape US car market

Business / Business News /

Toyota Motor Corp. and Hyundai Motor Co. are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles as average car payments rise well above $800 a month.

Toyota’s sales rose slightly to more than 633,000 vehicle in the third quarter, including its Lexus ...Read more

A record not worth cheering? California gas prices near all-time high

Business / Business News /

SAN JOSE, California — A march to an all-time record is on again, and the path to it is likely to unite Californians — in their anger at gas prices, boiling as drivers watch their totals reach higher and higher.

“It’s nothing but a financial burden, man,” 31-year-old Saleh Abdullah said as he pumped gas at the Costco station on ...Read more

Katy Kildee/The Detroit News/TNS

Bill Ford knocks 'technology for technology's sake'

Business / Business News /

DETROIT — Martha Firestone Ford, 101, isn't looking for much more than an AM radio in her vehicle, her son Bill Ford said during a panel Tuesday with executives from Google, Time magazine and United Airlines.

"I don't have a lot of 101-year-old customers," said Ford Motor Co.'s executive chair, joking during the panel at Michigan Central in ...Read more

Breana Noble/The Detroit News/TNS

Ford sounds alarm on skilled trades shortage at Accelerate forum

Business / Business News /

For the second year in a row, Ford Motor Co. is sounding the alarm on a growing shortage of skilled trades workers in the United States.

"Here's the reality: We need to fill 1.7 million job openings in the trades every year over the next 10 years. Every year, 1.7 million," Ford CEO Jim Farley said on Wednesday, Sept. 30 at the company's ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Stellantis CEO eyes small pickups, cheaper models for US turnaround

Business / Business News /

Stellantis NV CEO Antonio Filosa on Wednesday, Sept. 30 said the maker of Jeep and Ram sees an opportunity to cash in with its new compact pickup, extended-range powertrains and vehicles priced at under $40,000 in the U.S. market.

During an auto industry conference in Detroit, Filosa cited the segments as North American growth opportunities for...Read more

When it comes to AI, business is not as usual

Business / Business News /

It’s a question many businesses and their employees have had in mind, ever since the global boom of artificial intelligence tools that promise to shift nearly every aspect of work and life: What if the robot replaces me?

For the Pennsylvania Leadership Charter School, the AI revolution is particularly pertinent. Founded in 2004, PALCS is a ...Read more

Glen Stubbe/Star Tribune/TNS

Hormel makes $1 billion bet on chicken

Business / Business News /

Hormel Foods is branching into a new — and wildly popular — meat category with a deal to acquire a chicken company for more than $1 billion.

The Austin, Minnesota-based meatpacker is buying Brakebush Brothers, whose portfolio includes pre-prepared breaded tenderloins, chicken breasts and nuggets.

Hormel already sells protein staples such ...Read more

Chip Somodevilla/Getty Images North America/TNS

Fed's watchdog finds no criminal violations in renovations

Business / Business News /

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released ...Read more

Imen Ben Youssef/Hans Lucas/AFP/Getty Images North America/TNS

Anthropic says its AI models could manipulate, blackmail and harm humans

Business / Business News /

Anthropic disclosed that its advanced artificial intelligence technology poses "existential risks to humanity" in an initial public offering document.

As the company prepares for the largest listing in history at $2 trillion, its IPO prospectus has been circulated among investors and viewed by Reuters and other news outlets.

This comes after ...Read more

Terry Savage: Help navigating Medicare open enrollment

Business / Business News /

Every senior MUST review Medicare coverage during open enrollment, which runs from October 15 and December 7. There are no exceptions — even if you were perfectly happy with your coverage in 2026. For sure there will be changes for 2027.

In a recent column, I explained that not only are traditional Medicare Part B premiums rising, but costs ...Read more

Eric Thayer/Los Angeles Times/TNS

Federal judge allows Paramount-Warner merger to move forward

Business / Business News /

A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111 billion acquisition of Warner Bros. Discovery.

Ellison is aiming to finalize the merger by next week, capping his meteoric rise into one of Hollywood’s most influential figures. The Ellison family claimed ...Read more

SERGIO FLORES/AFP/Getty Images North America/TNS

Sen. Tim Scott touts federal film tax credit as a blue-collar jobs bill

Business / Business News /

Touting his love for movies, Sen. Tim Scott, R-South Carolina, said he decided to co-sponsor legislation to create a federal film and television tax credit because it would help boost U.S. blue-collar jobs and provide more diversity in how America is portrayed on screen.

Scott is leading the legislative effort in the U.S. Senate alongside Sen. ...Read more

Henry Payne/The Detroit News/TNS

Millions of trucks to be reclassified as cars after Trump overhaul

Business / Business News /

WASHINGTON — Millions of light-duty trucks spanning more than 100 nameplates will soon be recognized as passenger cars thanks to a regulatory overhaul by the Trump administration.

The planned shift for model year 2030, according to regulators, could push automakers to offer fewer unnecessary features and improve fuel economy for wallet-...Read more