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Homeowners of color pay higher insurance costs

Business / Business News /

Homeowners all over the country are feeling the crush of rising insurance costs. But that burden isn’t distributed evenly.

Property owners in predominantly Black and Hispanic corners of the country pay higher home insurance premiums than those in mostly white areas, even when factoring for environmental risk, the Consumer Federation of ...Read more

Bill Pugliano/Getty Images North America/TNS

Canada Unifor members ratify Ford contract with wage hike, investments

Business / Business News /

Ford Motor Co. autoworkers in Canada represented by labor union Unifor on Sunday ratified a three-year contract that secures 3% annual wage increases and $900 million in investments.

The new agreement that takes effect Sept. 21 covers 5,150 employees at the Dearborn automaker's Canadian operations and sets the bargaining pattern for deals at ...Read more

Justin Sullivan/Getty Images North America/TNS

Amazon delivery companies lay off more than 150 people in the San Francisco Bay Area

Business / Business News /

Two Amazon delivery service partners are shutting offices and laying off hundreds.

Xpress Delivery, located in Oakland, will be laying off 80 employees. OnPoint Logistics will be ceasing operations at its San Francisco location and cutting 96 jobs, according to a government filing.

Amazon delivery service partners are independent businesses ...Read more

Gina Ferazzi/Los Angeles Times/TNS

California bill would allow insurers to track driving habits to set rates

Business / Business News /

After experiencing the loss of three friends in auto accidents, Assemblymember Tina McKinnor decided she needed to take action.

She immersed herself in the movement to improve driving safety, and now the Hawthorne Democrat is writing controversial legislation that could revolutionize how auto insurance rates are set for many California drivers....Read more

Terrence Antonio James/Chicago Tribune/TNS

Chicago bike lane ticketing program records big fines against delivery companies

Business / Business News /

A bike lane ticketing program meant to make busy downtown streets safer for cyclists and pedestrians has found package delivery giants are among its most consistent scofflaws, news that will not come as a surprise to Chicagoans used to seeing trucks and vans idling throughout the Loop.

The city issues warnings and tickets to bike and bus lane ...Read more

Ellen M. Banner/Seattle Times/TNS

Boeing just scrapped one of the first 777Xs to roll off Everett line

Business / Business News /

LONDON — Boeing commercial airplanes CEO Stephanie Pope is optimistic about the company’s long-delayed 777X family — even if Boeing did have to scrap one of the first planes from that program.

Speaking to reporters Sunday ahead of the Farnborough Airshow, Pope confirmed that Boeing had scrapped one of its 777X planes, after trade ...Read more

Andy Morrison, The Detroit News/The Detroit News/TNS

Fain investigation gives UAW president challengers a chance in election

Business / Business News /

A U.S. Justice Department investigation into United Auto Workers President Shawn Fain is reshaping the race to lead the powerful Detroit union, with challengers seeking to capitalize on the news, Fain aggressively punching back, and members evaluating their options with just over a month before ballots are mailed out.

Candidates for the top ...Read more

Frederic J. Brown/AFP/GETTY IMAGES NORTH AMERICA/TNS

Facing funding losses, states call out big businesses with employees on Medicaid

Business / Business News /

As the Trump administration’s January deadline looms for states to enforce new Medicaid work requirements, some state lawmakers are turning the tables by pushing to publicly name the largest companies that have employees enrolled in the government program covering low-income and disabled people.

California lawmakers seek to revive an expired ...Read more

Dreamstime/Dreamstime/TNS

Ford patents caught in government 'kill switch' debate

Business / Business News /

A few recent Ford Motor Co. patents have raised concerns on social media around privacy and control of property as debate about a government “kill switch” and regulation meant to combat drunken driving get focus this election season.

The patents that creators on social media have highlighted deal with technology that records biometrics ...Read more

SK Siltron CSS/SK Siltron CSS/TNS

Michigan semiconductor plant once touted by Biden to shutter

Business / Business News /

A semiconductor wafer manufacturer near Bay City, Michigan, once visited and touted by former President Joe Biden, will wind down its operations and close "based on market conditions," according to a spokesman for SK Siltron.

About 140 employees at the site were informed Thursday of the decision and that the effective end date of their ...Read more

Brian van der Brug/Los Angeles Times/TNS

Paramount offers to briefly delay Warner Bros. merger as court battle heats up

Business / Business News /

Paramount Skydance's top antitrust attorney told a judge Friday that David Ellison's company would voluntarily delay its proposed $111 billion takeover of Warner Bros. Discovery at least until mid-August amid a legal challenge brought by 12 state attorneys general.

The states, led by California Attorney General Rob Bonta, have asked a judge to ...Read more

Angela Weiss/Getty Images North America/TNS

Beyond targets new customers with a protein drink

Business / Business News /

Beyond the Plant Protein Co., formerly Beyond Meat, is trying to channel its plant-protein expertise into new products to attract new customers.

In March, the El Segundo, California-based company decided to drop "meat" from its name to expand into other plant-based protein products. Earlier this year, Beyond launched a sparkling protein ...Read more

Stephen Brashear/Getty Images North America/TNS

FAA allows Boeing to resume clearing 737, 787 jets to fly

Business / Business News /

Boeing Co. regained the authority to issue airworthiness certificates for its 737 Max and 787 Dreamliner jets prior to delivery, powers that U.S. aviation regulators had revoked after a series of manufacturing lapses.

Friday’s decision by the Federal Aviation Administration follows months of data and safety reviews demonstrating consistent ...Read more

Ronaldo Schemidt/AFP/Getty Images North America/TNS

Milk prices at an all-time high, but most consumer prices slip in June after months of increases

Business / Business News /

Following months of rising costs, inflation saw the biggest single-month drop in six years in June thanks to cheaper clothes, medical care and transportation, coupled with rapidly falling energy prices.

Across the board, consumer costs decreased 0.4% last month after rising 0.5% in May, according to the Bureau of Labor Statistics’ latest ...Read more

Dreamstime/Dreamstime/TNS

Netflix stock plunges to 52-week low following mixed earnings report

Business / Business News /

Netflix stock opened down more than 12% on Friday morning to $65.87 a share, before recovering in midday trading to just over $69, a decline of more than 7%.

The decline follows the streamer’s second quarter earnings report Thursday, which renewed concerns among investors and analysts about the streamer’s future growth.

The Los Gatos, ...Read more

Tomasz Bidermann/Dreamstime/TNS

IBM's warning is a 'hammer' slamming down on tech's AI outsiders

Business / Business News /

International Business Machines Corp.’s warning this week that its sales are falling well short of expectations highlights a growing divide between artificial intelligence winners and everyone else in the tech universe.

On Tuesday, IBM said it failed to predict that its customers would shift their spending away from the company’s products ...Read more

Pratchaya Leelapatchayanont/Dreamstime/TNS

California employer health premiums will cost as much as a new car in 2027

Business / Business News /

Employers are bracing for what could be the highest rise in health insurance premiums in 16 years in 2027, driving up the average cost of family coverage in California to more than $30,000 — the price of a new compact car.

Health insurance companies expect the cost of medical services and prescription drugs to soar by 9% in 2027, according to...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2026 Mercedes-Maybach SL680 is fit for the upper echelon

Business / Business News /

With convertible weather upon us, the 2026 Mercedes Maybach SL680 is rolling into Grasso’s Garage.

Exceeding all expectations, the Maybach’s singular exotic design is specifically fit for the upper echelon, turning heads on every corner as the new trend-setter in town.

The Maybach is powered by a 4.0-liter V-8 bi-turbo engine with 577 ...Read more

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

Auto review: Mercedes CLA EV takes on Tesla's Model 3 sedan

Business / Business News /

HELL, Michigan — ZOT! Like a greased jellybean, my Mercedes CLA 350 sedan shot onto I-75. Past a line of traffic. Headed to the moon.

Quiet as a mouse.

Nine years after the Tesla Model 3 sedan became an overnight sensation and ushered in a new age of performance electric vehicles, it’s, well ... playing second fiddle to the Model Y. Model ...Read more

UWE FISCHER/BMW/TNS

Larry Printz: How BMW reinvented the 2027 X5 without changing the X5

Business / Business News /

For BMW, the X5 has become something akin to the Porsche 911. You don't redesign it so much as renegotiate with its history. Every generation has to look unmistakably like an X5 while convincing buyers they've never seen one before.

Max Missoni knows this. The Austrian designer, whose résumé includes Volkswagen, Volvo, and Polestar, arrived ...Read more