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Trump pledges EV policy rollback, thanks auto workers in inauguration speech

Business / Business News /

President Donald Trump pledged in his inauguration speech to swiftly roll back what he has labeled the "electric vehicle mandate," or federal regulations that would've required increasingly strict vehicle emissions standards over the coming years.

Trump claimed the coming executive order — expected to be signed later Monday as part of a ...Read more

Alex Slitz/Lexington Herald-Leader/TNS

Federal rule could financially protect thousands of North Carolina poultry farmers

Business / Business News /

Craig Watts, who once made a career of raising hundreds of thousands of chickens in North Carolina, knows the torment and the crushing financial stress that can come with the job.

In the 1990s, he needed $400,000 in loans to build four chicken houses on his Robeson County farm. A decade later, Watts spent $100,000 to upgrade the houses, ...Read more

Brian van der Brug/Los Angeles Times/TNS

How to get property tax relief if your house burned in the California wildfires

Business / Business News /

LOS ANGELES — If you’ve lost your home or business in this month’s wildfires, you can receive substantial relief on your property taxes now and in the future — whether you decide to rebuild or move.

You will be able to reduce what you owe immediately and defer payment. Ultimately, you can retain the taxable value of your house prior to ...Read more

Ricardo Ramirez Buxeda/Orlando Sentinel/TNS

Insurance cost increases in Florida have outpaced inflation. We asked experts why.

Business / Business News /

Insurance leaders say that inflation has fueled the rising costs of coverage paid by Florida policyholders in recent years.

But an analysis by the South Florida Sun Sentinel shows that insurance premiums have increased significantly more than the rate of inflation, and experts cite a range of possible reasons why, including steep increases in ...Read more

Richard Brian/Las Vegas Review-Journal/TNS

Las Vegas icon Circus Circus could be sold soon

Business / Business News /

LAS VEGAS — Circus Circus, the venerable 56-year-old north Strip resort that caters to families and low-budget visitors, may soon be sold by owner Phil Ruffin, according to a published report.

Ruffin, who also owns Treasure Island, is in Washington for President Donald Trump’s inauguration and was unavailable for comment Friday, but a story...Read more

Chip Somodevilla/Getty Images North America/TNS

Trump tariffs would harm major US auto buyer, GM Canada chief says

Business / Business News /

Donald Trump’s tariff threats stand to hurt American economic interests because they would disturb automotive supply chains where the U.S. is strong and drive up consumer prices, said the head of General Motors Co.’s Canadian unit.

“It is a disruption that is in no one’s interest, especially in the U.S.,” GM Canada President Kristian...Read more

E. Jason Wambsgans/Chicago Tribune/TNS

Illinois lands $100M federal grant for EV truck chargers

Business / Business News /

Public charging for electric trucks — including the largest semi-trailers — is on the way in Illinois.

The state has landed a $100 million federal grant for the construction of 14 public charging stations for medium- and heavy-duty trucks.

Located at strategic points along major truck routes, the charging stations will have a total of 345 ...Read more

Pool/Getty Images North America/TNS

Once dubbed a 'woke' billionaire, Jeff Bezos changes his tune on Donald Trump

Business / Business News /

In 2016, Jeff Bezos worried aloud that Donald Trump, then an underdog presidential candidate, could “erode” American democracy.

Speaking at a Vanity Fair summit in October that year, Bezos said Trump’s campaign tactics threatened the country’s commitment to freedom of speech and showed his inability to be scrutinized, something Bezos ...Read more

Trump has proposed steep tariffs. What could that mean for the economy?

Business / Business News /

As president, Donald Trump has promised more aggressive use of tariffs to bring trade partners and economic competitors to heel — and as a cudgel, supporters say, to bring jobs back to the United States.

Tariffs are taxes on imported goods. These typically are costs that are passed along by businesses to buyers of products, whether that buyer...Read more

Anheuser-Busch is investing in more Super Bowl commercials. Clydesdales will be back

Business / Business News /

ST. LOUIS — Anheuser-Busch will once again sponsor a series of commercials in the highly sought-after breaks during the Super Bowl on Feb. 9.

This year’s five ads will feature Michelob ULTRA, Busch Light, Budweiser, Bud Light and Stella Artois, an increased investment from last year’s three commercials.

The world-famous Budweiser ...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Transmission fluid question

Business / Business News /

Q: I have a 2010 Nissan Altima 2.5S with 131,000 miles. For normal operation, the owner’s manual vaguely states that the transmission fluid should be “inspected” every 60,000 miles. Additionally, I do not see any recommendation to ever change the transmission fluid. Thus, my questions are (1) when inspecting the fluid, is there anything ...Read more

Bizuayehu Tesfaye @bizutesfaye/Las Vegas Review-Journal/TNS

Economist: Las Vegas has bright future as it meets 2025 challenges

Business / Business News /

A leading local economist sees continued prosperity for Southern Nevada, even with several significant challenges ahead, kicking off Preview Las Vegas 2025 at the Las Vegas Convention Center on Thursday.

Jeremy Aguero, principal for Las Vegas-based Applied Analysis, emphasized the value of experience as a draw to Southern Nevada, highlighting ...Read more

Kamil Krzaczynski/AFP/GETTY IMAGES NORTH AMERICA/TNS

Auto lobby sues Biden administration over automatic emergency braking rule

Business / Business News /

The nation's largest automotive lobby said Friday it's suing the Biden administration over a new automatic emergency braking rule adopted last year.

The Alliance for Automotive Innovation, which represents all major U.S. automakers except for Tesla Inc., filed the petition in the U.S. Court of Appeals for the D.C. Circuit against the U.S. ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Nearly $1B loan secured for Nevada lithium-boron mine

Business / Business News /

A lithium-boron project on Friday closed on an almost $1 billion loan from the Department of Energy.

Ioneer Limited is receiving a $996 million loan from the DOE through its Loan Programs Office under the Advanced Technology Vehicles Manufacturing program to support on-site processing of lithium-boron at its Rhyolite Ridge Lithium-Boron Project...Read more

Jerry Holt/The Minnesota Star Tribune/TNS

UnitedHealth Group CEO acknowledges frustrations with US health care system

Business / Business News /

The UnitedHealth Group leader whose murder in December unleashed a torrent of public frustration and dissatisfaction with the U.S. health care system was pushing for some of the very improvements that critics have been seeking.

Andrew Witty, CEO of the Eden Prairie, Minnesota-based health care giant, made the comments Thursday during a ...Read more

Terrence Antonio James/Chicago Tribune/TNS

Mellody Hobson to step down as lead independent director at Starbucks

Business / Business News /

Chicago business owner Mellody Hobson will step down from her position as lead independent director of Starbucks’ board of directors, the coffee giant said in a statement on its website.

Hobson serves as co-CEO and president of Ariel Investments in Chicago. She is married to George Lucas, the director and producer who created “Star Wars.”...Read more

Terrence Antonio James/Chicago Tribune/TNS

Chicago Reader announces layoffs and CEO exit as alternative weekly struggles to survive

Business / Business News /

The Chicago Reader, the city’s storied alternative weekly newspaper, may be on the brink of extinction again.

Driven by an “urgent need to reduce costs” and the “imminent risk of closure” amid financial challenges, the Reader announced the immediate layoffs of six non-union employees, organizational restructuring and the resignation ...Read more

Michael Ho Wai Lee/SOPA Images via ZUMA Press Wire/TNS

Burning Teslas in LA add to toxic mix hindering wildfire cleanup

Business / Business News /

As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-battery storage systems.

Lithium batteries from Tesla Inc., along with those from other carmakers, have added to the mix of toxic materials requiring specialized removal in ...Read more

Brian Cassella/Chicago Tribune/TNS

Pro-Trump Latino business leaders launch campaign for border security and legal status for 'Dreamers' and essential workers

Business / Business News /

CHICAGO — Sam Sanchez, a Chicago-based restaurateur, hadn’t planned to get involved in politics until he realized that his voice was a platform that many of his undocumented employees didn’t have.

When recently arrived migrants from mostly Venezuela received expedited work permits from the Biden administration, he noticed the anger and ...Read more

FTC says retailers use consumer data for 'surveillance' pricing

Business / Business News /

Major retailers can tailor prices based on customer data including location, demographics or shopping history, the U.S. Federal Trade Commission said in initial study findings, raising concerns about the use of what they termed “surveillance pricing.”

The FTC found that as many as 250 different businesses, including grocery stores, apparel,...Read more