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Ellen M. Banner/The Seattle Times/TNS

Boeing 737 Max 10 lands long-awaited FAA certification

Business / Business News /

The Federal Aviation Administration on Tuesday certified Boeing’s largest Max variant, the 737 Max 10, after years of manufacturing and regulatory hurdles.

The FAA’s decision clears the way for Boeing to begin delivering the Max 10 to customers and brings airlines one step closer to flying passengers on board the newest aircraft. It is ...Read more

Jeremy Swanson/Aspen Snowmass/TNS/TNS

Reduce, reuse, recycle snow? That's one way Aspen hopes to save ski season from climate change

Business / Business News /

Most blankets are meant to keep whatever is underneath warm and cozy. But the specialty blankets that one Colorado ski company used to cover piles of snow in the spring kept them cold enough to survive the state’s hottest summer on record.

Earlier this month, Aspen One unveiled collections of snow that it saved from last winter using ...Read more

Terrence Antonio James/Chicago Tribune/TNS

Chicago mayor proposing corporate head tax again, sources say

Business / Business News /

Take two? Mayor Brandon Johnson will again propose Chicago hit big corporations with an employee head tax — with an exemption in less wealthy parts of the city — when he unveils his budget proposal Wednesday, sources said.

Johnson is also proposing the city borrow an eye-catching $480 million to pay for police-related lawsuit settlements ...Read more

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US pending home sales plunged in September to a record low

Business / Business News /

Pending sales of existing U.S. homes fell to a record low in September as high mortgage rates continued to weigh on demand.

An index of contract signings from the National Association of Realtors tumbled 7.3% to 66 last month, its lowest reading since records began in 2001, according to data released Tuesday. The decline was sharper than any ...Read more

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Wells Fargo wins legal battle against former CEO over millions he sought after scandal

Business / Business News /

Wells Fargo gained a victory in a legal battle against former CEO Timothy Sloan, who claims the bank owes him $34 million in compensation following his 2019 departure, according to California state court records.

Sloan filed a lawsuit in 2023 against the San Francisco-based bank, which has its largest employment hub in the Charlotte region. ...Read more

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

SpaceX, Anthropic plan to share wealth with the public amid concern AI could trigger job losses

Business / Business News /

Two artificial intelligence leaders have said they are ready to share some of the wealth the new technology is generating with the public.

Amid growing anxiety that AI could replace people in many jobs, leaders at Anthropic and SpaceX suggested their companies were ready to set aside billions of the success their technology is generating for ...Read more

Alex Kormann/The Minnesota Star Tribune/TNS

War made planting difficult. Now it could boost farmers' profits

Business / Business News /

MONTEVIDEO, Minnesota — A better-than-expected harvest may yield needed profits and financial relief for many farmers who need it this year, after rough results in 2025 fueled worries about a broader foreclosure crisis.

Higher crop prices are making some farmers more hopeful than they felt in the spring, when international conflict suddenly ...Read more

TIMOTHY A. CLARY/AFP/Getty Images North America/TNS

Musk plans to gift SpaceX shares to kids through Trump Accounts

Business / Business News /

Elon Musk vowed to distribute a share of SpaceX to each child in the U.S., a multibillion-dollar pledge that adds to a string of sizable donations from the tech industry for the benefit of the American public.

“Next year, I will give one of my SpaceX shares to every kid in America,” the company’s chief executive officer wrote Monday on X,...Read more

Jerry Holt/Minnesota Star Tribune/TNS

Iowa cheers a $15 billion steel mill deal. Minnesota offers a warning

Business / Business News /

The Oval Office announcement that an Iron Range mining company plans to build a colossal, $15 billion steel mill in Iowa rather than in Minnesota sparked two weeks of political finger-pointing about the latter state's business climate.

Minnnesota House Speaker Lisa Demuth, a Republican candidate for governor, said the news shows the state is �...Read more

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Costco's '100% agave' tequila lawsuit thrown out

Business / Business News /

A judge, deferring to Mexico's authority over tequila regulation, dismissed a proposed class-action lawsuit claiming that Costco’s Kirkland tequilas labeled 100% agave" are mixed with low-grade booze.

The law firm Hagens Berman filed the lawsuit in federal court in Seattle in November on behalf of 13 people who had purchased the Costco-brand ...Read more

More than 1.5M pounds of meat products recalled across US

Business / Business News /

More than 1.5 million pounds of ready-to-eat meat and poultry products, including hot dogs and bacon, are being voluntarily recalled across the U.S. due to possible temperature abuse, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service.

The items, produced between March 31 and Oct. 7, are from Chelsea, ...Read more

David Guralnick/The Detroit News/TNS

Dan Gilbert pledges $1 billion for RenCen revamp, nonprofit to own complex

Business / Business News /

DETROIT — Mortgage mogul Dan Gilbert has pledged $1 billion to establish a new nonprofit that will redevelop, own and operate the Renaissance Center and surrounding 35-acre east riverfront district, officials said Oct. 19.

The contribution comes as the $2 billion project with RenCen owner General Motors Co. moves forward with plans to ...Read more

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Donating to charity? Your generosity could pay off at tax time this year

Business / Business News /

For years, people have faithfully dropped money into church collection plates, supported their favorite charities or helped fund local nonprofits — only to discover their donations didn’t save them a dime in federal income taxes.

Now, a new tax law is changing that.

Starting with the 2026 tax year, taxpayers who take the standard deduction...Read more

Myung J. Chun/Los Angeles Times/TNS

As Hollywood fights AI, a new filmmaking hub takes shape in Culver City

Business / Business News /

The heart of Screenland is cozying up to artificial intelligence.

The open space in Culver Steps typically hosts community events and movie nights. But last Wednesday, it turned into a job fair for companies looking to hire talent for AI studios.

Companies showed off their life-like AI videos, urging emerging talent — and out-of-work ...Read more

Canadian autoworkers authorize strike amid standoff with Stellantis

Business / Business News /

Members of the Canadian autoworkers union employed by the parent of Chrysler, Dodge and Jeep voted 97.3% in favor of a strike after the parties reached an impasse.

The vote by Unifor members doesn't automatically mean there will be a strike against Stellantis NV. It gives the Toronto-based union's bargaining committee the authority to call one ...Read more

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Prediction market company backed by actress Sydney Sweeney sues Missouri AG

Business / Business News /

A prediction market firm backed by actress Sydney Sweeney is asking a federal judge to block Missouri from classifying its business model as sports betting, which in Missouri carries taxes and regulations.

Last month, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters to Novig and five of its prediction-market competitors...Read more

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US homebuilder sentiment drops to 14-year low on weak sales

Business / Business News /

Confidence among U.S. homebuilders this month slumped to a 14-year low as mortgage rates above 7%, labor shortages and elevated supply costs batter the housing market.

The National Association of Home Builders/Wells Fargo gauge of housing market conditions fell 3 points to 29, the lowest since June 2012. The median estimate in a Bloomberg ...Read more

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CoreWeave stock wipeout exposes divide between AI fear and greed

Business / Business News /

CoreWeave Inc. has become caught in a tug of war between investors who see rising bond yields as a potential rally killer for the AI trade and those who think demand for computing power will make those concerns seem passe before long.

The cloud-computing services provider’s shares plunged 20% in the first three sessions of the week, including...Read more

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US posts $1.99 trillion budget gap for 2026 on spending rise

Business / Business News /

The U.S. federal budget deficit widened to nearly $2 trillion for the 2026 fiscal year, serving as a fresh reminder of the scale of government borrowing needs and leaving the nation on track for a record high debt burden in coming years.

For the fiscal year through September, the deficit widened to $1.99 trillion, Treasury Department figures ...Read more

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Redfin, Rocket hit with lawsuit over alleged breach of employee data

Business / Business News /

Real estate heavyweight Redfin and its parent company, Rocket, face a potential class-action lawsuit over allegations that a data breach exposed private information of current and former employees.

Frankie Moreno, a former Redfin employee, argues that a security lapse with the companies' computer systems has led to fraud, financial losses and ...Read more