Business

/

ArcaMax

US continuing claims rise to highest in more than three years

Business / Business News /

Recurring applications for U.S. unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.

Continuing applications, a proxy for the number of people receiving benefits, rose to 1.91 million in the week ended Dec. 14, according to Labor Department data ...Read more

Joseph Prezioso/AFP/Getty Images North America/TNS

Nantucket's economy would be crushed under NOAA proposed restrictions, fast ferry would be gone: UMass report

Business / Business News /

BOSTON — What would be the cost of trying to save whales from ship strikes?

Nearly $300 million and 1,500 jobs for the island of Nantucket, according to a new UMass report.

The proposed NOAA vessel speed restrictions would be devastating for Nantucket’s economy and would eliminate all fast-ferry services, the UMass Donahue Institute’s ...Read more

Hyoung Chang/The Denver Post/TNS

Colorado leads growing movement toward employee-owned businesses

Business / Business News /

Danielle Carre and her husband Brad started to think about exit strategies.

The couple sat on the verge of retirement, but first needed to figure out the future of their Western Slope solar company, Empowered Energy Solutions.

Carre thought back to college, when she read about worker cooperatives in Spain.

“In the back of our minds, we ...Read more

Dreamstime/Dreamstime/TNS

Housing outlook for 2025: Stubborn mortgage rates, rebounding sales, and flat prices in most places

Business / Business News /

Home sales across the country should rebound in 2025 after two sluggish years. But buyers shouldn’t count on 30-year mortgage rates dipping much below 6%. And homeowners in many parts of the country will be lucky to capture price gains above 2% next year, according to the National Association of Realtors.

Realtor.com, however, has named ...Read more

Al Seib/Los Angeles Times/TNS

Landlords beware: Rent-shamers are calling out overpriced listings online

Business / Business News /

LOS ANGELES — The Facebook post seemed straightforward enough, offering up a newly built ADU rental in Burbank. Two bedrooms, two bathrooms, 1,000 square feet. A private yard. Finishes “you wouldn’t find in any other ADU.”

The price? $4,500 per month.

“Dam, ya’ll need to chill out!! $4,500 for an ADU??”

“Let the rich become ...Read more

Real estate Q&A: How can we find our dream home?

Business / Business News /

Q: After several years of renting, we plan to purchase our first home in the new year. Do you have any advice on how we can find our dream home? —Joan

A: Buying your first home is an exciting but anxious time. Getting caught up in the process and ‘losing the forest for the trees’ is easy.

When starting the process, make a written list of...Read more

Dreamstime/Dreamstime/TNS

Honda, Nissan deal may be key in fight against China's BYD

Business / Business News /

Honda Motor Co. absorbing Nissan Motor Co. could give the two struggling Japanese brands the scale they need to take on China’s BYD Co., sales figures released Wednesday show.

Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43 million cars globally in the first 11 months of 2024. ...Read more

Scott Olson/Getty Images North America/TNS

Atlanta Teamster drivers end five-day strike against Amazon on Christmas Eve

Business / Business News /

Union organizers have called an end to a five-day strike against Amazon by about 100 Atlanta drivers who joined workers at hundreds of other locations around the country.

While the huge company did not acknowledge any impact and rejected calls for bargaining, labor leaders said the strike achieved the goal of raising public awareness about the ...Read more

Joe Burbank/Orlando Sentinel/TNS

Rolling Starbucks strike grows to include workers at hundreds of shops

Business / Business News /

A rolling strike of Starbucks baristas has grown since kicking off Friday to include about 300 of the coffee giant's shops across the U.S., according to the union organizing the work stoppage.

The strike, set to end after Christmas Eve, seeks to pressure Starbucks during the busy holiday season to offer a better wage proposal over what would be...Read more

Jeremy Olson/Minnesota Star Tribune/TNS

As the workforce ages, dementia is a concern. Here are ways to help those affected

Business / Business News /

Families often discover during the holidays that loved ones are struggling with dementia and memory loss, and these cognitive issues are becoming yearlong concerns for employers, too, as they encounter an aging U.S. workforce.

The Alzheimer’s Association collaborated this year on its first report on dementia in the workforce, calling it a “...Read more

Gina Ferazzi/Los Angeles Times/TNS

The war on wildfires is going high tech

Business / Business News /

Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be dangerous, given that Lebanon’s hot and dry climate can quickly turn a spark into a conflagration.

But on this day the worst was ...Read more

Scott Olson/Getty Images North America/TNS

American Air says Christmas Eve delays caused by tech glitch

Business / Business News /

American Airlines Group Inc. said a technical vendor glitch was the cause of a brief groundstop on all U.S. flights on Christmas Eve, one of the busiest days of the holiday travel season.

The carrier said Tuesday the delay lasted about one hour, but the issue has been resolved and flights have resumed. It blamed an unspecified technology issue...Read more

Frederic J. Brown/AFP/Getty Images North America/TNS

Starbucks barista strike expands on fifth day of closures

Business / Business News /

A Starbucks Corp. barista strike has shut down about 170 cafes, according to the coffee chain, disrupting service at locations nationwide during the final days of the crucial holiday shopping season.

The union said it expects the number of stores impacted to hit 300, but it’s unclear if the group will hit that target by the end of Christmas ...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Starbucks baristas escalate strike on Christmas Eve

Business / Business News /

Workers at more than a dozen Chicago area Starbucks were on strike Christmas Eve, union organizers said, as baristas escalated a national walkout that began in three cities, including Chicago, on Friday.

Across the country, baristas at more than 300 cafes were striking, according to their union, Starbucks Workers United. The union had ...Read more

Robin Buckson, The Detroit News/The Detroit News/TNS

Why automakers seek partnerships to reduce costs, advance tech faster

Business / Business News /

In the increasingly competitive automotive market, General Motors Co. and rival automakers have realized pairing up is not only beneficial but necessary for cost reduction and quicker technological advancement.

GM has long understood the benefits of partnerships. The Detroit automaker, for example, has a longstanding partnership with Japanese ...Read more

Madeline Carter/Las Vegas Review-Journal/TNS

Airlines are going premium. Prices are rising. Will cheap tickets be harder to find?

Business / Business News /

In the midst of holiday shopping and travel, Colorado resident Tom Pipes didn't want to spend extra money on a plane ticket. He flew from Colorado to Los Angeles on Southwest, the grandfather of budget-friendly airlines.

"If there was a first-class option, I wouldn't use it," Pipes said this week after arriving at Los Angeles International ...Read more

Joe Burbank/Orlando Sentinel/TNS

'Politics is bad for business.' Why Disney's Bob Iger is trying to avoid hot buttons

Business / Business News /

Bob Iger wants out of the culture wars.

Walt Disney Co. and its chief executive have made a sharp pivot since doubling down on diversity and inclusion efforts in the wake of George Floyd's murder in Minneapolis four and a half years ago. At the time, Disney's top executives, including then-Chairman Iger, vowed in a message to employees: "We ...Read more

Erika Schultz/The Seattle Times/TNS

Danny Westneat: Seattle, the remote work capital of the US, is in denial about its effects

Business / Business News /

The struggles of Seattle's downtown to recover after the pandemic have rightly been blamed on some key factors, such as the inability of the city to get control of public safety there.

But new data from the U.S. Census Bureau shows just how much the change in how we work has affected Seattle — more so than any other city in America.

Seattle ...Read more

RJ Sangosti/The Denver Post/TNS

King Soopers, Safeway in contract talks with Colorado workers as parent companies bicker over failed merger

Business / Business News /

Fresh from the breakup of the proposed Kroger-Albertsons merger, company executives and union leaders are negotiating new contracts for the supermarket chains’ Colorado employees.

The bargaining is taking place as Kroger and Albertsons are locked in a bitter back-and-forth following two separate court decisions against the $24.6 billion ...Read more

Dreamstime/Dreamstime/TNS

Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app

Business / Business News /

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal showdown that the incoming Trump administration could quash as soon as next month.

The three financial institutions, which co-own the app along with ...Read more