Business

/

ArcaMax

Timothy Hurst/The Denver Post/TNS

Colorado has known for years that it must allow appeals of unemployment overpayments. So why doesn't it?

Business / Business News /

Anthony Kreashko lost his job as an electrician in 2020, so, like legions of Coloradans during the pandemic, he filed for state unemployment benefits.

The regular payments helped keep Kreashko afloat as he searched for a new gig. But four years later, the Denver resident received a surprising letter from the Colorado Department of Labor and ...Read more

John Autey/Pioneer Press/TNS

Conor Sen: Guess who's got an AI edge in a tough job market?

Business / Business News /

Mentioning artificial intelligence to the graduating class of 2026 has been sure to get you booed. And why not? Fresh graduates have spent the past few years being told about the wonders of AI and watched seniors struggle to get a toehold in the labor market. As much as they are right to worry, there’s hope on the horizon.

The labor market ...Read more

Dreamstime/Dreamstime/TNS

Remote work is what's hitting young-grad hiring, Fed study says

Business / Business News /

The rise of remote work explains more of the recent increase in unemployment among young college graduates than the proliferation of artificial intelligence, according to a Federal Reserve Bank of New York study.

Some 64% of the rise in jobless rates among college-educated workers under the age of 29 vs. prepandemic levels can be attributed to ...Read more

Josh Edelson/Getty Images North America/TNS

SEC defends settlement with Musk After judge cites 'red flags'

Business / Business News /

A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit came after almost a year of negotiations, attorneys for the agency said Monday after a judge raised concerns about the deal.

“The $1.5 million civil penalty aligns with the seven-figure penalty that the SEC’s ...Read more

WA executive order aims to shore up menopause resources for workers

Business / Business News /

Gov. Bob Ferguson signed an executive order on Monday directing state agencies to develop and adopt standard workplace accommodations for employees experiencing perimenopause and menopause.

Menopause is the point when a person stops experiencing menstruation following years of transition or perimenopause. During this transition, people may have...Read more

Imago/ZUMA Press/TNS

Whey protein is running out as food companies put it in everything

Business / Business News /

Big Food is packing protein into chips, waffles and even Starbucks’ lattes, and consumers can’t get enough of it.

But that insatiable demand now has the industry grappling with shortages and skyrocketing prices of whey protein, forcing some manufacturers to halt production or reformulate their top-selling products with alternative ...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Billionaire media mogul's company offers to buy MGM Resorts in $18B deal

Business / Business News /

Less than a week after a multibillion-dollar deal for one of the country’s largest casino operators was announced, another gambling giant could soon be acquired.

Billionaire media mogul Barry Diller’s People Inc. is presenting an $18 billion offer to buy MGM Resorts International. The proposed transaction, which includes assuming MGM’s ...Read more

Juan Figueroa/The Dallas Morning News/TNS

Walmart caps usage of an AI tool for employees after high demand

Business / Business News /

Walmart Inc. is limiting staff’s usage of an artificial-intelligence tool following high demand, illustrating how corporations are adjusting their calculations for incorporating the technology.

The retailer is now offering a set amount of “tokens” per employee to use Code Puppy, an AI agent that helps with tasks ranging from spreadsheets ...Read more

Justin Sullivan/Getty Images North America/TNS

McDonald's bets on fancier chicken, airier restaurants to keep luring diners

Business / Business News /

McDonald’s Corp. is betting on everything from fancier chicken to new playgrounds as part of a campaign to make fast food feel less like fast food.

New menu items including hand-breaded wings and filets are in testing as part of a wide-ranging wager on higher-quality food. This, along with more engaging social media campaigns and upgrades to ...Read more

I-Hwa Cheng/Getty Images North America/TNS

Nvidia is taking on Intel and AMD with new AI chip for computers

Business / Business News /

Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.

Starting this fall, Nvidia’s new RTX Spark Superchip will debut in laptop and desktop computers from leading PC brands including Dell Technologies Inc. and Lenovo Group...Read more

Fabrice Coffrini/AFP/Getty Images North America/TNS

AI company Anthropic files to list shares, heating up race with OpenAI

Business / Business News /

Anthropic, the company behind the powerful artificial intelligence chatbot Claude, has filed to get ready to list its shares.

The development comes days after it raised $65 billion, valuing it at $965 billion.

The company, founded in 2021 by a breakaway faction from OpenAI, was viewed as an upstart that tailored its chatbots to the needs of ...Read more

Fabrice Coffrini/AFP/Getty Images North America/TNS

AI company Anthropic files to list shares, heating up race with OpenAI

Business / Business News /

Anthropic, the company behind the powerful artificial intelligence chatbot Claude, has filed to go public, the company said Monday.

The development comes days after the company raised $65 billion, valuing it at $965 billion.

The company, founded in 2021 by a breakaway faction from OpenAI, was viewed as an upstart that tailored its chatbots to ...Read more

Lionel Bonaventure/AFP/Getty Images North America/TNS

Florida sues Open AI, Sam Altman: 'They have chosen profit over public safety'

Business / Business News /

Florida on Monday launched an unprecedented legal assault on the artificial intelligence giant OpenAI, suing the company and CEO Sam Altman in a sweeping lawsuit that portrays ChatGPT as a product deliberately designed to foster emotional dependence, collect sensitive personal information and keep users engaged regardless of the consequences.

...Read more

Robin Buckson/The Detroit News/TNS

UAW strike hits GM truck supplier American Axle

Business / Business News /

Nearly 1,000 United Auto Workers-represented employees of American Axle/Dauch Corp. went on strike Monday at the supplier's Three Rivers, Michigan, factory after the union and company failed to reach a new contract deal.

Members of UAW Local 2093 hit the picket line just after midnight with more workers scheduled to join later Monday at the ...Read more

Katy Kildee/The Detroit News/TNS

Ford rolls out service marketing campaign as US vehicle age climbs

Business / Business News /

Ford Motor Co. for the first times in years is launching a comprehensive marketing campaign for parts and service as the average age of a vehicle on the road nears 13 years, and the automaker seeks to increase revenue share from the aftermarket.

The "Real Parts. Real Pros. Real Easy." promotion launched Monday on streaming TV, social media and ...Read more

L.E. Baskow @Left_Eye_Images/Las Vegas Review-Journal/TNS

Billionaire media mogul's company offers to buy MGM Resorts in $18B deal

Business / Business News /

Less than a week after a multibillion-dollar deal for one of the country’s largest casino operators was announced, another gambling giant could soon be acquired.

Billionaire media mogul Barry Diller’s People Inc. is presenting an $18 billion offer to buy MGM Resorts International. The proposed transaction, which includes assuming MGM’s ...Read more

I-Hwa Cheng/Getty Images North America/TNS

Nvidia is taking on Intel and AMD with new AI chip for computers

Business / Business News /

Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.

Starting this fall, Nvidia’s new RTX Spark Superchip will debut in laptop and desktop computers from leading PC brands including Dell Technologies Inc. and Lenovo Group...Read more

LOIC VENANCE/AFP/Getty Images North America/TNS

Javier Blas: An LNG glut is on its way

Business / Business News /

Get ready for a glut of liquefied natural gas.

It may sound counterintuitive. After all, the Strait of Hormuz remains blocked. The world’s largest LNG plant is idled and Qatar says repairing it will take at least three years. And yet, the contours of a long-term surplus are already starting to emerge.

The outlook for LNG prices is crucial in...Read more

Alexandra Wimley/Pittsburgh Post-Gazette/TNS

'Am I mommy or boss?': Families in business together make it work

Business / Business News /

PITTSBURGH — Of all the foundational relationships in life, perhaps none is more special — and complex — than the one between mother and child.

In addition to teaching life lessons about kindness and self-reliance, a mother’s love shapes a son or daughter into compassionate, empathetic individuals who know right from wrong, good from ...Read more

Aaron Lavinsky/Minnesota Star Tribune/TNS

Executives at Solventum commute to Minnesota by plane. A shareholder wants to change that

Business / Business News /

Most or all of Solventum’s top leadership team, including CEO Bryan Hanson, live out of state, and one of its major shareholders is fighting the company over it.

“We have never seen a situation like this where an entire C-suite is effectively remote,” the investor, Trian Fund Management, wrote in an open letter to the board in April. “...Read more