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Conor Sen: The housing market is moving in favor of Gen Z

Business / Business News /

The American dream of owning a home has never seemed further out of reach for young people. You can hardly blame Gen Z and younger millennials for adopting an economic nihilism that prioritizes the here and now — whether that’s $400 Lola blankets or risky crypto trading — over stashing money away for a down payment.

But there’s an ...Read more

Grant Schwab/The Detroit News/TNS

Ford at odds with Sen. Ted Cruz over January affordability hearing

Business / Business News /

WASHINGTON — A standoff has developed between U.S. Sen. Ted Cruz and the Detroit Three automakers over executives' attendance at a planned hearing next month on vehicle affordability.

The Texas Republican last month invited the heads of Ford Motor Co., General Motors Co. and Chrysler parent company Stellantis NV to testify Jan. 14 in front of...Read more

Brian Peterson/Minnesota Star Tribune/TNS

With launch day nearing, all eyes on Minnesota's new paid leave program

Business / Business News /

Minnesota will start the new year with a paid leave law that took years to implement, launching a new benefit — and a new tax — for workers and employers.

Political stakes are high for the success of the program, which a DFL-controlled Legislature passed and Gov. Tim Walz signed into law with a host of other progressive policies in 2023.

...Read more

Ronaldo Bolanos/Los Angeles Times/TNS

Neiman Marcus parent sells its Beverly Hills site

Business / Business News /

LOS ANGELES — The land below the Beverly Hills flagship store of luxury retailer Neiman Marcus has been sold to a New York investor as the owners of the department store chain sell property to pay debts.

Neiman Marcus, which has occupied the 9700 Wilshire Boulevard store since it opened in 1979, will continue to serve customers there as a ...Read more

Aric Crabb/Bay Area News Group/TNS

Meet the 'rockstar CEO' leading Bay Area's unprecedented Super Bowl-World Cup back-to-back

Business / Business News /

Zaileen Janmohamed hardly had time to update her LinkedIn profile when she received her first and only marching orders from her new boss, Al Guido, the San Francisco 49ers president and board member of the newly formed Bay Area Host Committee.

Go get us Super Bowl 60.

Ten weeks later, the short, spunky Canadian of Indian descent and mother of...Read more

Christina House/Los Angeles Times/TNS

Alaska Air's year of expansion will bring the world closer to Seattle

Business / Business News /

Last December, Alaska Air Group executive Ryan St. John said the SeaTac-headquartered airline had reached an “inflection point” in its 90-plus-year history.

Alaska had recently completed its $1.9 billion acquisition of Hawaiian Airlines, the second time the company had bought another mainline air carrier in less than a decade. With the ...Read more

Kara Gildea/Las Vegas Review-Journal/TNS

After a rough 2025, Las Vegas gaming and tourism should have a mixed '26

Business / Business News /

LAS VEGAS — For the gaming and tourism industries, news will be a mixed bag coming up in 2026.

The construction outlook is weak — but the city could still have its best convention year in history.

Air passenger traffic is down — but Harry Reid International Airport officials are still planning ahead for more airport gates as well its ...Read more

Dreamstime/Dreamstime/TNS

How California's Delete Act will protect personal information from data brokers in the New Year

Business / Business News /

Use a loyalty card at a drug store, browse the web, post on social media, get married or do anything else most people do, and chances are companies called data brokers know about it — along with your email address, your phone number, where you live and virtually everywhere you go.

But starting Jan. 1, under California's first-in-the-nation ...Read more

Richard Gunion/Dreamstime/TNS

Telluride remains closed to skiing with patrollers on strike

Business / Business News /

Telluride Ski Resort remained closed on Monday, as its ski patrollers spent their third day on strike.

The union, known as the Telluride Professional Ski Patrol Association, walked off the job on Saturday — during the busy holiday tourist season — following months of negotiations with the resort ownership over a new contract. The patrollers...Read more

Bizuayehu Tesfaye @bizutesfaye/Las Vegas Review-Journal/TNS

Mortgage rates could drop below 6% in 2026, report says

Business / Business News /

Mortgage rates could briefly drop below 6 percent in 2026 which could unlock parts of the Las Vegas Valley housing market, according to a new forecast.

Lending Tree’s 2026 Housing and Economic Predictions report expects mortgage rates to drop into the 5 percent range sometime next year, something that has not happened since 2022. Freddie Mac ...Read more

Angela Weiss/AFP/Getty Images North America/TNS

Every Wall Street analyst now predicts a stock rally in 2026

Business / Business News /

At the big banks and the boutique investment shops, an optimistic consensus has taken hold: the U.S. stock market will rally in 2026 for a fourth straight year, marking the longest winning streak in nearly two decades.

There’s plenty of angst about the risks to the bull run that’s pushed the S&P 500 Index up some 90% since its October 2022 ...Read more

Kevin J. Hardy/The Detroit News/TNS

End of Detroit newspapers' JOA heralds new era of competition

Business / Business News /

A nearly four-decade-long business partnership between The Detroit News and Detroit Free Press ended Sunday, pitting the newspapers against each other financially at a time when few other U.S. cities support two major papers.

Free Press owner USA TODAY Co., formerly known as Gannett Co. Inc., and MediaNews Group — owner of The News — in ...Read more

Andy Morrison/The Detroit News/TNS

Stellantis dealers see hints of recovery after profits and sales plunged

Business / Business News /

Chrysler, Dodge, Jeep and Ram dealers were in open revolt against parent company Stellantis NV for much of last year.

Poor corporate decision-making had tanked sales, the retailers said, while a mishmash of overpriced vehicles piled up on their lots and their profits plummeted to Great Recession-era lows. They sent sharply worded letters and ...Read more

Jane Tyska/Bay Area News Group/TNS

Health insurance costs spike for businesses, workers after pandemic

Business / Business News /

The cost of employer-sponsored health insurance in California rose at twice the pace of inflation over the past three years, squeezing workers’ paychecks and small businesses alike.

More than 17 million Californians have health insurance through their job, according to a survey released in November by the health information group KFF. The ...Read more

Minnesota Star Tribune closes Minneapolis printing plant as staff reflect on the end of an era

Business / Business News /

MINNEAPOLIS — The smell of ink, paper, oil and metal clung to the air. Shredded newspaper dangled from a milelong stretch of conveyors that shuttled millions of pages every week.

After decades of work and generations of history, the Minnesota Star Tribune has stopped the presses at its Heritage Center printing plant in Minneapolis. The plant�...Read more

Uwe Anspach/dpa/AFP/Getty Images North America/TNS

ServiceNow $12 billion deal spree is 'deja vu' of CEO's SAP says

Business / Business News /

After years of eschewing big mergers, ServiceNow Inc. is on a deal spree. It has spent at least $12 billion this year on acquisitions or strategic investments.

The action has some investors on edge about whether the software company is starting to lean on deals to spur growth, particularly given Chief Executive Officer Bill McDermott’s ...Read more

DREAMSTIME/TNS

What is a robo-advisor? How it works, how much it costs, and pros and cons

Business / Business News /

Robo-advisors automate the investing process for you, making it simple to invest in a diversified portfolio of assets — and they cost much less than a typical financial advisor. It’s little wonder that many investors have turned to them, and robo-advisors now manage hundreds of billions of dollars.

What a robo-advisor does

A robo-advisor ...Read more

Ivy Ceballo/The Seattle Times/TNS

Washington's 'constantly squeezed' dairy farms find cheer in eggnog

Business / Business News /

LYNDEN, Whatcom County — More than 200 pairs of eyes turned to Larry Stap when he stepped into his dairy farm, Twin Brook Creamery, to check on the girls." Under the building's tin roof, a herd of curious Jersey cattle sheltered from the pelting rain on a December afternoon, crowding the edges of their pen to sniff newcomers.

It's eggnog ...Read more

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

Would you pay $12 for a cup of coffee in San Diego?

Business / Business News /

Your cortado, cold brew and tulip topped latte all cost a lot more than they did a few years ago.

As $2.25 espresso double shots increased to $4, San Diego coffee and espresso drinkers proved they are willing to pay more.

But how much more?

Talitha Coffee Roasters decided to ask its customers. The San Diego company, which sells wholesale ...Read more

Andrew Harnik/Getty Images North America/TNS

Allison Schrager: 5 reasons to be optimistic about the 2026 economy

Business / Business News /

One year ago, businesses — especially CEOs — were optimistic about the U.S. economy in 2025, expecting lower taxes and more market-friendly policies from incoming President Donald Trump.

Then came April 2, Liberation Day. The market fell, uncertainty rose, and affordability became a more acute concern. Meanwhile, the labor market continued...Read more