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Americans are about to pay even more at the grocery store

Business / Business News /

As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.

A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an above-average pace. In April, they rose by the most in nearly four years, and economists say the impact of ...Read more

Jennifer Buchanan/The Seattle Times/TNS

FAA approves Boeing's next Max production increase, CEO Ortberg says

Business / Business News /

Boeing has hit another regulatory milestone in its effort to increase Max production, paving the way to build 47 planes per month this summer, CEO Kelly Ortberg said Wednesday.

Boeing recently completed its “capstone review” with the Federal Aviation Administration for the next rate increase, Ortberg said, and will now work to stabilize its...Read more

Ferrari N.V./TNS/TNS

Angry Ferrari fans say the Italian company's new EV is too Californian

Business / Business News /

Ferrari’s first-ever fully electric vehicle triggered some fans who said it looks more like an iPhone than an Italian supercar.

The $640,000 Ferrari Luce, which was unveiled on Wednesday, looks like a distant relative of many Apple products. It was built with the help of Jony Ive, the person who designed the look and feel of the Cupertino ...Read more

Eufy/Eufy/TNS

Tech review: Some robots just want to clean your floors

Business / Business News /

I can remember testing my first robot vacuum. It was amazing to watch, and I really thought we were living in the future.

I soon learned it didn’t have much in the way of onboard intelligence and it just ping ponged around the room until it decided it must have covered everything or it needed a battery recharge.

My, how times have changed.

...Read more

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Eli Lilly to acquire Curevo Vaccine for $1.5 billion

Business / Business News /

Pharmaceutical giant Eli Lilly plans to buy a biotechnology company in Bothell for $1.5 billion.

The acquisition of Curevo Vaccine, which develops vaccines for shingles and chickenpox, was announced Tuesday. Curevo and Lilly didn't immediately respond to requests for comment.

It's one of three agreements made public by Indianapolis-...Read more

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Krispy Kreme customers could get $3,500 in payouts after data breach

Business / Business News /

Customers of the doughnut brand Krispy Kreme may be eligible for a $3,500 payout following a 2024 cyberattack that exposed Social Security numbers and bank account details.

After the data breach, Krispy Kreme paid $1.6 million to settle a class-action lawsuit alleging the company failed to protect customers' data. Customers who experienced ...Read more

Karl Mondon/Bay Area News Group/TNS

Meta lays off nearly 1,400 Seattle area employees

Business / Business News /

Meta’s sweeping layoffs announced last month hit 1,395 employees in King County, per a recent state filing last week.

While Meta is headquartered in Menlo Park, Calif., the company maintains a significant presence in the Seattle area. Meta’s Puget Sound hub grew rapidly during the pandemic — reaching a local head count of 8,800 employees ...Read more

McClatchy union journalists at 4 WA newspapers strike over pay, AI use

Business / Business News /

Journalists at four Washington-based newspapers run by McClatchy Media Company are on strike Tuesday.

The one-day strike by the Washington State NewsGuild is taking place as workers demand higher wages. They say McClatchy is guilty of bad-faith bargaining" during contract negotiations. The Idaho NewsGuild is also participating in the strike.

...Read more

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

Trump's tariffs are pushing Mexico back toward low-value exports

Business / Business News /

U.S. tariffs pushed by President Donald Trump and supply-chain disruptions are eroding Mexico’s gains as a manufacturing hub, raising the risk that the country slips back into exporting lower-value goods that create few jobs or investment opportunities.

On the surface, Mexico’s exports are still breaking records, giving President Claudia ...Read more

Alejandro A Alvarez/The Philadelphia Inquirer/TNS

How are college grads navigating the tough job market? Here's what some are doing

Business / Business News /

PHILADEPHIA -- Matthew Soesanto wrapped up his undergraduate biology degree at Drexel University in March and spent weeks applying to research, coding, and pharmaceutical industry jobs this spring. But he wasn’t hearing back from hiring managers.

“It just feels like I’m sending applications to a black hole,” said Soesanto, who will walk...Read more

Greta Kaul/Minnesota Star Tribune/TNS

Evan Ramstad: We've been through massive physical tech investments before, but not like this

Business / Business News /

MINNEAPOLIS -- It’s still the earliest days of artificial intelligence usage and understanding, yet AI companies are gobbling capital like a hippo’s maw and soaring in market valuation.

Everyone in business these days seems to be searching for a tale from history to meaningfully describe the growing importance of AI. I personally think it ...Read more

Commentary: While grads fret about AI taking jobs, small businesses need buyers

Business / Business News /

If splashy headlines are to be believed, artificial intelligence is already consigning new graduates to a life of unemployment. The anxiety is not unfounded. Entry-level roles are disappearing and economists have yet to reach a consensus on how deep or lasting AI’s labor market effects will be. Yet if we only assume the worst, we might miss an...Read more

Michael Ho/The San Diego Union-Tribune/TNS

San Diego home values haven't kept up with inflation for 16 months

Business / Business News /

San Diego home prices continue to show gains, but any increase has been blunted by rising inflation, data released Tuesday shows

The San Diego metropolitan area’s home price increased 0.78% annually in March, said the S&P Cotality Case-Shiller Indices report. At the same time, San Diego metro, which includes all of San Diego County, had an ...Read more

Optimism on Iran war deal, AI theme push S&P 500 to record close

Business / Business News /

Equities notched their fourth-straight session of gains on Tuesday, with investors hopeful that an agreement to re-open the Strait of Hormuz may be near even as hostilities tested a ceasefire between the U.S. and Iran.

The S&P 500 Index ended 0.6% higher in New York to hit a fresh record. The tech-heavy Nasdaq 100 Index rose 1.8% to its own ...Read more

Brian van der Brug/Los Angeles Times/TNS

Paramount, pushing to buy Warner Bros., girds for legal challenges

Business / Business News /

LOS ANGELES — Is Paramount making a Tony Soprano move?

David Ellison's media company appears to be girding for a big battle with California Attorney General Rob Bonta and fellow state attorneys general who may team up to file a lawsuit aiming to block Paramount's proposed $111-billion takeover of Warner Bros. Discovery.

Last week, Paramount ...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

Lilly goes on $20 billion buying spree as company seeks next act

Business / Business News /

Eli Lilly & Co. is on a record spending spree, announcing acquisitions worth more than $20 billion so far in 2026 as the drugmaker expands beyond its blockbuster obesity franchise.

In recent weeks, Lilly has pledged to shell out up to $7.8 billion for sleep drugmaker Centessa Pharmaceuticals Plc and up to $7 billion for cancer drug developer ...Read more

JIM WATSON/AFP/Getty Images North America/TNS

Blue Origin's $600 million Space Coast expansion to bring 500 jobs, state says

Business / Business News /

Blue Origin’s massive manufacturing site in Brevard County is primed to expand with a new $600 million facility to speed up New Glenn rocket production, the governor’s office announced Friday.

The investment, dubbed “Project Horizon,” would bring an 830,000-square foot building dedicated to constructing more of New Glenn’s upper stage...Read more

Lezlie Sterling/The Sacramento Bee/TNS

OpenAI skeptics ask Calif. AG Bonta to investigate execs' ties to semiconductor company

Business / Business News /

SACRAMENTO, Calif. -- Advocacy coalition EyesOnOpenAI is asking Attorney General Rob Bonta to investigate a recent contract between OpenAI and semiconductor company Cerebras Systems that the group says bolsters its earlier arguments that OpenAI has abandoned its philanthropic mission.

EyesOnOpenAI, a coalition of AI-skeptical groups, previously...Read more

Dodge/Dodge/TNS

A Dodge Viper successor? We got a peek at the new Copperhead sports car

Business / Business News /

DETROIT -- For about 25 years, the Dodge Viper stood at the pinnacle of the brand's lineup as a ridiculous V-10-powered muscle car fused with sleek sports car styling.

Now, the brand is planning to bring back something similar with a "hyper muscle car" called the Copperhead SRT. Stellantis NV executives briefly showed a mock-up of the car to ...Read more

Leila Navidi/Minnesota Star Tribune/TNS

A first taste in the US of Cargill's solution for crazy cocoa prices

Business / Business News /

Cargill’s new chocolate alternative, which avoids cocoa markets that sent the price of candy on a rollercoaster ride in recent years, just tastes chocolaty.

Kernels of the grape-seed-derived product called NextCoa, shown off in one of Cargill’s Minnesota corporate kitchens on a recent Friday, elevated fresh-baked cookies to taste like they ...Read more