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GM increasing truck production in Indiana as tariffs take effect

Business / Business News /

DETROIT — General Motors Co. is increasing production of full-size pickup trucks at its assembly plant near Fort Wayne, Indiana, and hiring hundreds of temporary employees, according to a company source.

The automaker declined to specify how much production it's adding of the Chevrolet Silverado 1500 and GMC Sierra 1500, or exactly how many ...Read more

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Stock rout deepens on tariff shock as bonds rally: Markets wrap

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The "America First" trade is unravelling in the sweeping market selloff, with stocks acutely exposed to the U.S. economy plunging along with the dollar.

Wall Street’s rebellion against Donald Trump’s tariff war is intensifying, spurring a flight into fixed-income havens. The Russell 2000 Index, a gauge of small-capitalization companies, ...Read more

Madeline Carter/Las Vegas Review-Journal/TNS

LA sends masses of tourists to Vegas -- and owns real estate nearby

Business / Business News /

Los Angeles has long funneled masses of tourists to Las Vegas, providing much of the fuel for the casino-heavy economy here.

But L.A. also has a more permanent foothold in Southern Nevada.

The city of Los Angeles owns a portfolio of real estate within about 30 miles of the Las Vegas Strip, property records show, underscoring decades-old ties ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

New York hedge fund is the largest homeowner in Nevada's most populous county

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New York-based hedge fund Pretium Partners is most likely the single largest homeowner in Clark County, according to an investigation of property records.

Pretium-owned Progress Residential, a homes-for-rent management company, owns at least 3,190 homes in the county as of the end of February, according to property record data confirmed by ...Read more

Michael M. Santiago/Getty Images North America/TNS

Stock rout deepens on tariff shock as bonds rally: Markets wrap

Business / Business News /

Repercussions from Donald Trump’s tariff war spread across global markets Thursday, knocking down stocks and spurring a flight into fixed-income havens. U.S. equities and the dollar bore the worst selling on speculation the president’s trade offensive will stunt the American economy.

About $2 trillion was erased from the S&P 500, with the ...Read more

Ford/Ford/TNS

Ford extends employee discounts to customers as auto tariffs take effect

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Starting Thursday, Ford Motor Co. is extending employee pricing discounts to customers on most of its U.S. lineup, including foreign-built models, just as the Trump administration imposes 25% tariffs on imported vehicles.

The "From America, For America" campaign offers what is known as "A Plan" pricing and is expected to run through June 2. It ...Read more

US continuing jobless claims rise to highest since November 2021

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Recurring applications for U.S. unemployment benefits rose to the highest since November 2021, adding to signs it’s proving more difficult for out-of-work people to reenter the workforce.

Continuing claims, a proxy for the number of people receiving benefits, increased to 1.9 million in the week ended March 22, slightly higher than economists...Read more

Nelvin C. Cepeda/The San Diego Union-Tribune/TNS

Qualcomm acquires Vietnamese AI startup MovianAI

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Qualcomm, the San Diego-based company designing chips that power smartphones, laptops, virtual reality headsets and next-generation cars, acquired a Vietnamese startup for its generative artificial intelligence technology.

The local firm announced the acquisition Tuesday as part of its effort to expand its research and development of generative...Read more

Chad Livengood: China's auto industry on offense while Trump plays tariff defense

Business / Business News /

WASHINGTON — Nobody ever won a battle playing defense.

That's loosely paraphrasing George Patton, the World War II general who led American troops in pursuit of liberating France from Nazi domination.

Wednesday morning, on President Donald Trump's "Liberation Day," automotive industry analyst Michael Dunne was quoting Patton to describe how ...Read more

Real estate Q&A: What can I do about much louder new lobby doors?

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Q: I live on the first floor of a condo building. Recently, the board replaced the lobby entrance doors, which now create a loud noise when someone enters or exits, startling my neighbor and me. The installers have attempted multiple fixes but say the doors are better suited for a commercial building. What can we do if they can’t adjust or ...Read more

Stellantis pausing some Canadian, Mexican assembly plants as tariffs arrive

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Stellantis NV is pausing production at some of its Canadian and Mexican assembly plants as new U.S. tariffs placed on automotive imports take effect — a move that is set to trigger about 900 temporary layoffs at several of the automaker's American powertrain and stamping facilities.

An email sent to Stellantis employees from North American ...Read more

Mandel Ngan/AFP/Getty Images North America/TNS

Antitrust leaders push to shield high-profile cases from DOJ cuts

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Top officials in the Justice Department’s antitrust division are trying to blunt an agency-wide reorganization plan from derailing major competition cases, according to people familiar with the matter.

Gail Slater, who took over the unit last month after being nominated by President Donald Trump, is seeking to shield key aspects of the ...Read more

Jung Yeon-je/Getty images of North America/TNS

Fear grips markets as Trump tariffs raise risks to global growth

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For a brief moment, it looked like Wall Street’s worst fears about President Donald Trump’s tariff plans were misplaced — and a relief rally started rippling through markets.

Then, as he stood in the White House Rose Garden Wednesday soon after 4 p.m., pointing to an oversized placard with the levies he’s slapping on imports from the U...Read more

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Apple production hubs hit by tariffs, sending shares plummeting

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Apple Inc. is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.

A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering an after-hours stock rout on ...Read more

Jane Tyska/Bay Area News Group/TNS

RealPage sues Berkeley over its ban on algorithmic rent pricing software

Business / Business News /

The real estate software company RealPage announced on Wednesday that it is suing Berkeley, California, over the city’s recently passed ban on rental price-setting software, which tenant advocates say allows landlords to collude to raise rents.

The move comes as the company faces numerous anti-competition lawsuits brought by renters and bans ...Read more

Daniel Gaines/Los Angeles Times/Los Angeles Times/TNS

Troubled State Farm seeking a 39% rate hike for California umbrella policies

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State Farm General, already seeking an emergency 22% rate hike for its homeowners insurance, has asked California regulators for an even larger increase for its add-on umbrella insurance.

The state's largest home insurer has filed for a 39% premium hike for its California Personal Liability Umbrella program, which provides homeowners additional...Read more

Brendan Smialowski/AFP/Getty Images North America/TNS

Boeing CEO's message to Senate: We made mistakes and learned our lesson

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Boeing CEO Kelly Ortberg came to Congress Wednesday with a straight-forward message: Boeing has made “serious missteps” in recent years but it has a promising improvement plan guiding it forward.

Lawmakers, in response, said they want to see the airplane manufacturer succeed but are still concerned about some of the practices in place at ...Read more

Mario Tama/Getty Images North America/TNS

Amazon places bid on TikTok as deadline looms

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Amazon reportedly has made a bid to buy TikTok, the popular video app that is in danger of being banned in the U.S. if it can't reach a deal that would separate it from its Chinese owner..

Under a U.S. law signed by then-President Joe Biden last year, TikTok's parent company, ByteDance, is required to sell off TikTok's U.S. operations in order ...Read more

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An AI 'gold rush.' What to know about OpenAI's record $40 billion funding round

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SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI landscape against tech giants like Google, and rivals including Anthropic and Chinese upstart DeepSeek.

The investment was the highest ever raised for a startup and places OpenAI at a $300 billion valuation, ...Read more

Apple/TNS/TNS

Tech review: M4 MacBook Air is easy to love

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Apple’s new MacBook Air has been recently updated to the M4 processor, and while the design remains the same as the M2 and M3 models before it, there are a few nice upgrades on the inside to make the M4 worthy of your consideration.

Personally, I’ve been a MacBook Pro user at home for decades. I always just thought I needed the most ...Read more