Business

/

ArcaMax

Korean diplomats visit Georgia to rebuild strained trust after Hyundai raid

Business / Business News /

Korean diplomats have a message for Georgia and the United States — forgive but don’t forget.

The tight-knit relationship between South Korea and the U.S. faced one of its toughest tests in September when federal immigration agents raided Hyundai’s electric vehicle manufacturing campus near Savannah. The operation triggered outrage in ...Read more

Karl Mondon/Bay Area News Group/TNS

Waymo hits a dog in San Francisco, reigniting safety debate

Business / Business News /

A self-driving Waymo taxi hit a dog in San Francisco, reigniting a heated debate over autonomous vehicle safety just weeks after one killed a popular neighborhood cat.

On Sunday, around 8 p.m. in San Francisco's Western Addition neighborhood, a Waymo carrying passengers ran over a small, unleashed dog, the company confirmed.

The dog's ...Read more

David Guralnick/The Detroit News/TNS

Trump to ease mileage rules in bid to curb rising car prices

Business / Business News /

The Trump administration is poised to undo Biden-era fuel efficiency standards it blames for driving up the cost of new cars, according to people familiar with the matter.

Executives from Detroit’s major automakers, including Stellantis NV Chief Executive Officer Antonio Filosa, are slated to attend a White House announcement of proposed fuel...Read more

Justin Sullivan/Getty Images North America/TNS

Saudi Arabia to own almost all of EA under buyout plan, report says

Business / Business News /

Saudi Arabia's Public Investment Fund could reportedly own nearly all of Electronic Arts Inc. under the buyout plan for the video game giant.

The Saudi fund would own 93.4% of Redwood City, California-based EA, according to a Wall Street Journal report Tuesday, which cited a recent filing with a Brazilian antitrust regulator. Private equity ...Read more

Alex Wong/Getty Images North America/TNS

University of Minnesota project backs hepatitis B vaccine, challenges Trump administration

Business / Business News /

A University of Minnesota-led review is urging federal health advisers to maintain a longstanding immunization strategy that has hepatitis B on the verge of elimination in the U.S.

Offering vaccinations within 24 hours of birth is a safe and effective way to prevent the spread of the infectious disease, which is particularly harmful to children...Read more

David Guralnick/The Detroit News/TNS

Trump to ease mileage rules in bid to curb rising car prices

Business / Business News /

The Trump administration is poised to announce new fuel efficiency standards for automobiles in a bid to undo requirements it has assailed for driving up the cost of new cars, according to people familiar with the matter.

The chief executive officer of Jeep-maker Stellantis NV and senior executives from General Motors Co. and Ford Motor Co. ...Read more

Patrick T. Fallon/AFP/Getty Images North America/TNS

Boeing on track to generate billions in cash next year

Business / Business News /

Boeing Co. expects to generate cash again in 2026, a significant reversal in the planemaker’s finances as it prepares to boost monthly production rates of its passenger aircraft.

The U.S. company expects positive free cash flow to reach the “low-single digits” billions of dollars next year, reversing the $2 billion cash burn seen for 2025...Read more

Eugene Gologursky/Getty Images North America/TNS

CEO pay spiked at Microsoft, Starbucks. How much do Seattle's chiefs make?

Business / Business News /

CEO pay packages hit another high last year, and some of the Seattle area's largest companies are contributing to that trend.

As CEO pay climbed, the median wage for workers of America's largest corporations rose as well, according to compensation data analysis firm Equilar. Reports from the firm for the past five years show upticks in pay for ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Ford November sales dip after aluminum plant fires, EV tax credit end

Business / Business News /

Ford Motor Co.'s U.S. sales fell almost 1% year-over-year in November as an aluminum shortage affected F-Series production and electric vehicle sales plummeted 61% without the federal plug-in vehicle tax credit.

Total sales declined 0.9% to 164,925 vehicles for the month. Dealer services provider Cox Automotive Inc. forecasted U.S. sales for ...Read more

Screenshot/The Detroit News/TNS

Tariffs threaten surprise fees for holiday shoppers

Business / Business News /

If shoppers aren't careful this holiday gift-giving season, they could get hit with unexpected charges on merchandise and festive favorites from overseas.

"Unfortunately, a lot of U.S. consumers are going to be in for a surprise, especially if they haven't ordered something online in a while," said Jason Miller, a professor of supply chain ...Read more

Dai Sugano/Bay Area News Group/TNS

Trump administration science assault slams major Bay Area economic engine, threatens 'amazing innovations'

Business / Business News /

Veteran Bay Area biomedical CEO Paul Hastings had to lay off five dozen employees at his company earlier this year, thanks, he said, to what he described as the Trump administration’s attacks on universities, science and medical-research funding, he said.

Trump in an August executive order said federal grants had been insufficiently vetted, ...Read more

K.C. Alfred/The San Diego Union-Tribune/TNS

A warning sign? Tourism in San Diego slows with hotels seeing fewer guests

Business / Business News /

Steve Pinard’s Action Sport Rentals normally does a relatively brisk business renting out paddleboards, Jet Skis and power boats to vacationers at his Mission Bay locations, but given the grim numbers he has seen this year, he’s hoping to just break even in the coming year.

In a move to quickly juice end-of-year sales, Pinard offered a ...Read more

Hyoung Chang/The Denver Post/TNS

Prospective employees, companies negotiate fast-changing new world of AI

Business / Business News /

Reports of recent job cuts, especially by tech companies, have spurred speculation about the impact of AI on the workplace: Will the advanced computing technology increasingly replace people on the job?

That was on Kaitlyn McCormick’s mind as she pursued a bachelor’s degree in the information technology field. She is now working toward a ...Read more

OLIVIER DOULIERY/AFP/Getty Images North America/TNS

Netflix Offers mostly cash for Warner Bros. in new bid round

Business / Business News /

Warner Bros. Discovery Inc. was fielding a second round of bids on Monday, including a mostly cash offer from Netflix Inc., in an auction that could wrap up in the coming days or weeks, according to people familiar with the discussions.

Bankers for Paramount Skydance Corp., Comcast Corp. and Netflix worked over the long Thanksgiving weekend on ...Read more

Pioneering 'buffer' ETF firm Innovator sells to Goldman Sachs for $2 billion

Business / Business News /

In what may be the ultimate Wall Street meets Main Street story, Goldman Sachs has agreed to buy Wheaton, Illinois-based Innovator Capital Management, an 8-year-old ETF investment firm, for $2 billion.

Founded in 2017, Innovator offers everyday investors a portfolio of exchange-traded funds that include options to buffer downside risk while ...Read more

Karen Ducey/The Seattle Times/TNS

Starbucks union says strike is longest in company history

Business / Business News /

Starbucks Workers United, the union representing thousands of baristas, is now referring to its walkout that began on Nov. 13 over stalled contract negotiations as the longest unfair labor practice strike in Starbucks history."

Around 2,500 baristas from more than 120 stores in 85 cities are part of the strike, Workers United said Friday.

"...Read more

Dreamstime/Dreamstime/TNS

These bills meant to help Philadelphia renters take effect Tuesday

Business / Business News /

Philadelphia renters have some more to be thankful for this holiday season.

City Council bills that cap rental application fees and allow renters to pay security deposits in installments take effect Tuesday.

“The goal was to address the unaffordability of moving in for so many tenants in Philadelphia,” said City Councilmember Rue Landau, ...Read more

JOE AMON/The Denver Post/TNS

State surveys show Colorado businesses, ag overwhelmingly view tariffs as negative

Business / Business News /

The overwhelming majority of Colorado businesses surveyed for a new state report on tariffs said the effects of the import taxes have been negative, with the financial impacts followed by the uncertainty created by changing trade policies cited as the biggest challenges.

The findings released on Nov. 21 are a follow-up to a report issued in ...Read more

Katy Kildee, The Detroit News/The Detroit News/TNS

Bah humbug: Tariffs muffle holiday cheer, raise prices, squeeze margins

Business / Business News /

ROYAL OAK, Michigan — Andy Linn hopes Santa will bring shoppers with holiday cheer to City Bird and Nest, a small Detroit gift shop that saw financial losses from tariffs and unpredictable customer traffic this year.

So far this year, only the Grinch has been visiting, delivering tariffs, unexpected bills and rapidly changing quotas — even ...Read more

Parent company of Sharpie and Yankee Candle to lay off hundreds

Business / Business News /

Newell Brands, the Sandy Springs, Georgia-based parent company of dozens of well-known consumer brands, announced Monday it plans to lay off more than 900 global employees and close 20 Yankee Candle stores in the U.S. and Canada, citing artificial intelligence as one of the reasons behind the moves.

In its announcement, Newell said the moves ...Read more