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Michael Hiltzik: Why isn't the stock market freaking out more over the Iran war? Here's why

Business / Business News /

Since the end of February, the three major stock market indices — the Standard & Poor's 500, the Dow Jones industrials and the Nasdaq composite — have fallen by a few percentage points.

One might ask: That's all? Doesn't the market know there's a war on?

Yes, the stock market knows. It just doesn't care as much as you might think it should...Read more

DREAMSTIME/TNS

PayPal transformed digital payments. Why the California fintech giant is now struggling

Business / Business News /

PayPal, once the cutting-edge trailblazer of digital payments, is struggling to cash in on consumer clicks like it used to.

The San José, California, fintech giant is losing market share to competitors and had to swap out its leadership recently as its shares plunged, and it scrambled for a faster fix.

When online shoppers reach the checkout ...Read more

Lincoln/Lincoln/TNS

Auto review: Priced at nearly $90k, the 2026 Lincoln Aviator Black Label is very Continental

Business / Business News /

In 1976, a top-of-the-line Lincoln Continental Mark IV Cartier was priced at $15,000, or $88,000 translated to 2026 dollars. Elvis consumed them like popcorn, but for the rest of America, it was one the country’s most expensive automobiles. A half-century later, we have the 2026 Lincoln Aviator Black Label, a three-row Explorer-based crossover...Read more

Heather Khalifa/The Philadelphia Inquirer/TNS

Starbucks rolls out performance bonuses, tipping changes for baristas

Business / Business News /

Starbucks is extending its baristas the chance to earn $300 quarterly bonuses, on top of other changes meant to sweeten the retail employee experience.

The Seattle-based coffee giant debuted its new incentive rewards program for hourly coffeehouse employees Thursday morning.

The bonuses for baristas and shift supervisors will be based on ...Read more

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Auto review: This Is America's favorite piece of automotive costume jewelry

Business / Business News /

Among the venerable establishments along the sun-splashed boulevards of Palm Beach, Florida — where money isn’t merely spent, it’s performed — there exist jewelers that deal not in diamonds and discreet old-family emeralds. Instead, they sell costume jewelry, blazing constellations of cubic zirconia that sparkle beneath the chandeliers...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Toyota Sienna XSE is the neighborhood people mover

Business / Business News /

As a longstanding favorite among people-moving vehicles, the Toyota Sienna is no stranger to Grasso’s Garage. Its simple design, comfort and extraordinary space has set the industry standard in the minivan category.

In our week-long test of the Sienna XSE, we noticed some sporty new flair that is sure to attract even more customers. Our ...Read more

Joe Raedle/Getty Images North America/TNS

US jobs gain of 178,000 tops forecasts, unemployment falls

Business / Business News /

U.S. job growth rebounded in March and the unemployment rate unexpectedly fell, suggesting the labor market was stabilizing as the Iran war began.

Nonfarm payrolls rose 178,000 last month, the most since the end of 2024, after revisions showed a sharper decline in February, according to Bureau of Labor Statistics data out Friday. That was ...Read more

Henry Payne/The Detroit News/TNS

Henry Payne: Hyundai Boulder Concept targets Bronco, Wrangler at NY show

Business / Business News /

NEW YORK — Off-road parks are gonna get crowded.

Hyundai stunned the New York Auto Show this week with its brawny Boulder SUV concept. It’s the first body-on-frame, truck-based SUV from the South Korean brand, going after Detroit icons Jeep Wrangler and Ford Bronco in the off-road space.

With General Motors Co. taking a pass on the ...Read more

Myung J. Chun/Los Angeles Times/TNS

Why Culver City is the hottest spot for businesses expanding in LA

Business / Business News /

LOS ANGELES -- Culver City, a once-quiet corner of L.A. County people would pass through on their way somewhere else, has emerged as a destination of choice for some of the world’s best-known companies.

Apple, Amazon, TikTok, and Sony are just a few of the big names with a strong presence in the city of fewer than 40,000 residents, ...Read more

General Dynamics Information Technology/TNS/TNS

New AI surveillance towers from General Dynamics deployed along US-Mexico border in San Diego

Business / Business News /

A new generation of AI surveillance towers from General Dynamics has been deployed along San Diego’s stretch of the U.S.-Mexico border.

General Dynamics uses Phoenix-based PureTech Systems’ AI software, trained on years of footage from earlier systems. Using a combination of cameras and radar, the towers can distinguish a human from a cow, ...Read more

Xavier Mascarenas/The Sacramento Bee/TNS

California is a sanctuary state. Its public pensions invest in companies working with ICE

Business / Business News /

California’s two biggest pension funds have invested more than $2.7 billion with companies contracting with Immigration and Customs Enforcement or the Department of Homeland Security, a new analysis shows.

CalPERS, the statewide megafund for public employees, has put some $1.6 billion into tech firm Palantir, weapons manufacturers General ...Read more

Katy Kildee/The Detroit News/TNS

Why Ford's U.S. sales head is optimistic after Q1 sales decline

Business / Business News /

Ford Motor Co.'s head of U.S. sales is optimistic improving production volumes of F-Series pickups will benefit sales after deliveries tumbled 8.8% in the first three months of 2026, including an almost 14% year-over-year decline in March.

An aluminum shortage from fires at a supplier last fall affecting truck production, the discontinuation of...Read more

DREAMSTIME/TNS

Real estate Q&A: How can we stop neighbor's dogs from running wild?

Business / Business News /

Q: Our neighbor two doors down lets their dogs run wild. They have a fence, but they never keep the gate closed, and their three dogs are always all over the neighborhood doing their business on various lawns and bothering people. Is there anything we can do to stop this? — Juan

A: Handling neighborhood problems can be tough, especially when ...Read more

Kevork Djansezian/Getty Images North America/TNS

What SpaceX and its record IPO have riding on the new race to the moon

Business / Business News /

When the first American crew since 1972 orbits around the moon this month, SpaceX's stylized logo will be nowhere to be found — but it might as well be plastered everywhere.

Elon Musk's rocket company is preparing what is expected to be the largest initial public offering in history, and it has as much, if not more, riding on NASA's Artemis ...Read more

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Mortgage rate forecast: April 2026

Business / Business News /

Mortgage rates ended March near their highest levels since mid-2025. In an ominous sign for the spring homebuying season, it’s possible that they’ll keep rising, mortgage experts say.

Blame the war in Iran, which has sent oil prices soaring in recent weeks. Higher energy prices translate to both higher inflation and rising 10-year Treasury ...Read more

Genaro Molina/Los Angeles Times/TNS

'You're a liar.' Why the world's biggest building boom has run into a wall in California

Business / Business News /

MONTEREY PARK, California — Bryan Marsh was booed by the crowd as he approached the podium in Monterey Park's City Hall. Things weren't going as planned.

In front of a wall of people holding "No Data Center" placards, he outlined how his company, Australia's HMC StratCap, invested tens of millions of dollars and became the city's largest ...Read more

Richard Tsong-Taatarii/Star Tribune/TNS

Target leans into red shirts and khakis as it tries to elevate shopping experience

Business / Business News /

Target shoppers increasingly say they want cleaner stores, stocked shelves and employees who are easy to spot and willing to help.

After several years of uneven sales and lost market share to Walmart, the Minneapolis-based retailer is responding by tightening its employee rules of conduct and dress, reviving the sharp red polo and khaki pants ...Read more

Monica Herndon/The Philadelphia Inquirer/TNS

Influencer or agent? In today's market, Realtors have to be both to score clients

Business / Business News /

PHILADELPHIA — Before Caroline Podraza and her husband, Evan Roth, could find the right house, they had to find the right agent. There were, of course, agents attached to the listings they had saved, plus referrals from friends and suggestions from colleagues. But the choices quickly became overwhelming.

With more than 11,000 real estate ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Vegas summer on the line as Strait of Hormuz keeps oil bottled

Business / Business News /

No city has more riding on summer fuel prices than Las Vegas.

Patrick De Haan, lead petroleum analyst for GasBuddy, said Wednesday that summer travel could be affected across the U.S. by rising fuel prices, but especially in Southern Nevada, if President Donald Trump doesn’t work out a plan to end the war in Iran, reopen the Strait of Hormuz ...Read more

Henry Payne/The Detroit News/TNS

Big SUV reveals, Detroit muscle take center stage at New York Auto Show

Business / Business News /

NEW YORK — America's longest-running auto show opens in the Big Apple this week for its 126th year with something on the menu for all tastes.

While America’s Big Three auto shows in Detroit, Los Angeles and New York showcase similar displays as the show circus crosses the country, each has a unique feel as they lean into their region’s ...Read more