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Kara Gildea @karagildeaphoto/Las Vegas Review-Journal/TNS

Luxury homes prices have increased 60% in Las Vegas since 2019, report says

Business / Business News /

The median price for a luxury home in Las Vegas has increased almost 60 percent since the beginning of the pandemic, according to a new report.

According to May statistics from Realtor.com, the median price for a luxury home in the Las Vegas Valley (within the top 10th percentile of all sales) was $752,891 in December 2019. By the same month in...Read more

Dai Sugano/Bay Area News Group/TNS

Small farms in Silicon Valley fight to keep the area's agricultural legacy alive

Business / Business News /

Mary and Kari Cosentino didn’t have a typical San Jose childhood.

While other children were taking out the trash or washing the dishes, they were knee-deep in mud moving irrigation pipes along the sections of their small family orchard or getting their hands covered in the sugary guts of fruit as they packed peaches.

“You’re sticky and ...Read more

DREAMSTIME/TNS

Faulty backup cameras are plaguing tens of millions of US cars

Business / Business News /

A Tesla Model 3 hit a cement pole after the rearview camera failed. The driver of a Ford pickup scraped a light post in reverse. A Toyota minivan’s backup display showed old images instead of live ones.

These are among the roughly 2,000 complaints consumers have lodged with U.S. auto safety regulators describing problems with glitchy rearview...Read more

Mario Tama/Getty Images North America/TNS

FedEx and others announce layoffs in Southern California

Business / Business News /

More than 500 people have lost their jobs in the latest round of layoffs in Southern California, from FedEx and others.

The latest government filings show that Staples and LAZ Parking were also among the companies cutting positions.

FedEx layoffs continue to hit California workers; this time, the carrier will close two facilities in Palm ...Read more

John T. Greilick/The Detroit News/TNS

Lincoln to end China production for US, boost US manufacturing

Business / Business News /

Ford Motor Co. said it'll end production of Lincoln vehicles in China for the U.S. market as a part of plans to grow the manufacturing of the luxury brand here starting in 2030.

Lincoln has built the Nautilus SUV in China since 2024 when it moved production to its joint venture with China Changan Automobile Group Co. Ltd. from Canada. It's the ...Read more

Real estate Q&A: Should I add my daughter's name to deed of my house to avoid probate costs?

Business / Business News /

Q: I am a widow in my 70s, and I want to make things easier for my daughter after I am gone. A friend told me I can simply add her name to the deed of my house so it passes to her without probate. It sounds simple and inexpensive. Is there any reason I should not just do it? — Eleanor

A: Your heart is in the right place, and the goal is a ...Read more

Amanda Snyder/The Seattle Times/TNS

Seattle City Council bans 'junk' rental fees

Business / Business News /

The Seattle City Council voted to ban most types of rental fees this week — a move welcomed by tenants' advocates, who argue that tacked-on charges make housing more expensive and obscure its true costs to renters.

The bill requires landlords to disclose all mandatory and optional fees upfront in home listings or ads. The ordinance will take ...Read more

Seattle's 'shaky tech market' hits home sales

Business / Business News /

Housing markets across the country slowed this year as Americans struggle with high costs and worry about the economy, but Seattle’s market stands out as particularly muted.

Pending home sales took a steeper dive in the Seattle area in July than in any other region, a sign of Seattle’s “shaky tech market” where layoffs at major tech ...Read more

Terry Savage: Waiting for an IRS refund? You're not alone

Business / Business News /

A combination of factors have created a “perfect storm” at the Internal Revenue Service, causing many tax refunds to be delayed. As the agency switches to more sophisticated programs, it has kicked out returns with unexpectedly high refunds. And there are more unexpectedly high refunds because of changes in the tax laws.

Seniors who ...Read more

Anna Moneymaker/Getty Images North America/TNS

US sells 10-year debt at highest yields since financial crisis

Business / Business News /

A $42 billion auction of 10-year U.S. Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the U.S. government.

The yield at Wednesday’s sale came in at 4.683%, the most since the global financial crisis, and just above the ...Read more

Mario Tama/Getty Images North America/TNS

Americans have never paid this much for fuel so late in the year

Business / Business News /

It’s peak driving season in the U.S., and gasoline and diesel prices have never been this expensive this late in the year.

Gas and diesel prices are at a record seasonal high, according to data from the American Automobile Association. Drivers are paying an average of $4 a gallon for gas and $5.40 a gallon for diesel in the second week of ...Read more

Justin Sullivan/Getty Images North America/TNS

How Anaheim, California outpaced Silicon Valley in income growth

Business / Business News /

Despite the economic angst and billionaire exodus, California has been recording some of the highest income growth in the country.

Surprisingly, a recent survey of metropolitan areas showed that Silicon Valley didn't lead the state, but Anaheim, Irvine and Santa Ana were near the top.

A study by financial advising company SmartAsset of the 94 ...Read more

Dreamstime/Dreamstime/TNS

Good news for San Diego drivers? A $5B fuel pipeline project advances

Business / Business News /

Ultra-tight supplies of gasoline and jet fuel in Southern California will likely get some much-needed relief after a trio of companies announced plans Tuesday to move forward on a major pipeline project designed to send refined fuel to the West.

Phillips 66, Kinder Morgan and HF Sinclair made a final investment decision to proceed with the ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Home insurance rates in Nevada have shot up 22% since 2023, report says

Business / Business News /

Home insurance rates in Nevada have risen close to a quarter since 2023 up until the end of last year, according to a new report.

Data from Insurify, an online insurance comparison platform, showed that the average price for home insurance in 2023 was $1,407, then jumped to $1,672 two years later. This year, according to the review, home ...Read more

David Danzis/Las Vegas Review-Journal/TNS

'Free money' drawing huge crowds to Las Vegas Strip casino

Business / Business News /

Torri McNichols wasted no time using her $200 in free slot play at Treasure Island after signing up for a new rewards card Tuesday. She quickly headed toward a Dragon Link machine not far from the Treasury Club hotel-casino rewards desk, inserted a $20 bill, loaded up the free play and hit the button for a max bet.

“Why not bet big?” the ...Read more

Ashley Neyra/Tampa Bay Times/TNS

AI is driving computer prices sky high. Here's how

Business / Business News /

It’s hard to remember a worse time than now to purchase a computer.

Computer hardware prices have spiked globally over the past year, and experts say they won’t get cheaper anytime soon. From companies purchasing desktop workstations and students buying back-to-school laptops or a new phone, consumers in Tampa Bay after a new machine may ...Read more

Olivier Morin/AFP/Getty Images North America/TNS

Feeling sick? More people are asking AI what to do

Business / Business News /

While traveling to Portland, Peggy Dahl developed a cough so bad it left her gasping for breath after each bout. Far from her doctor, and with a sneaking suspicion of bronchitis, the Minneapolis resident turned to ChatGPT.

This wasn’t the first time she had used it as a medical sounding board.

During a visit to her daughter in Georgia, the ...Read more

Stefani Reynolds/Getty Images of North America/TNS

Are Trump's posts worth $1.2 million a year? Wall Street decides

Business / Business News /

Donald Trump’s social media company has been leaning on Wall Street’s fear of missing out in its pitch for a controversial new subscription to faster feeds from the president’s Truth Social account.

It’s the latest gambit by Trump Media & Technology Group Corp., which has previously leaned into Wall Street fads like cryptocurrencies and...Read more

Brian van der Brug/Los Angeles Times/TNS

Hundreds of California stonecutters fall ill with deadly disease 'for a product we do not need'

Business / Business News /

Latino men who cut artificial-stone countertops in California are falling ill from an incurable and deadly lung disease at an alarming rate, a new study finds.

These workers are developing silicosis, a condition in which microscopic silica dust contained in the stone slabs they grind and polish is cutting up the inside of their lungs until the ...Read more

Frederic J. Brown/Getty Images North America/TNSZ

US core inflation comes in subdued, easing pressure on Fed

Business / Business News /

Underlying U.S. inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.

The consumer price index, excluding often-volatile food and energy categories, increased 0.2% from a month earlier, according to Bureau of Labor Statistics data out Wednesday. On an annual basis, it advanced 2.5%, matching the ...Read more