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GM posts slight sales increase, record EV sales in second quarter
General Motors Co. saw a 0.6% increase in year-over-year sales in the second quarter with a record 21,930 deliveries of electric vehicles.
In its best quarter since the fourth quarter of 2020, GM's U.S. dealers sold 696,086 new vehicles from April through June compared with 691,978 vehicles a year ago. The automaker noted its retail sales, or ...Read more
Black- and gay-owned cannabis businesses opening and expanding in Illinois
After years of struggling to get off the ground, several Black-owned cannabis businesses recently have opened or expanded in Illinois, bucking the trend of companies that haven’t been able to acquire financing to get going.
One of the recent openings is the self-described Black-, Latino-, veteran- and queer-owned SWAY dispensary in the ...Read more
Hollywood's exodus: Why film and TV workers are leaving Los Angeles
Los Angeles has long been a magnet for those chasing their big break in film and TV, drawn by the allure of creative fulfillment and fame. But conversations about a growing exodus are getting louder, as escalating housing costs and dwindling career opportunities push many to pursue their dreams elsewhere.
The city’s entertainment industry ...Read more
LA fast-food workers may get a helping hand from City Council
Fast-food workers have long complained of unstable schedules that make it difficult to plan their finances, child care, medical appointments and other obligations.
Now, a proposal by Los Angeles City Councilmember Hugo Soto-Martinez aims to give these workers more stability and consistency in scheduling, as well as access to paid time off.
The...Read more
After steering major deal, Shanahan, CEO of Boeing supplier, could be next Boeing boss
The complex three-way deal announced late Sunday night to split Spirit AeroSystems between Boeing and Airbus, returning to Boeing huge manufacturing facilities that it sold off two decades ago, was engineered by Spirit AeroSystems CEO Pat Shanahan.
Just four months after Boeing announced its intention to reacquire most of this critical supplier...Read more
American millennials drive surge in freelancing as a side job
Americans are freelancing now more than ever, and they’re increasingly working such jobs on the side to supplement their main income, according to a survey by Revelio Labs.
Some 3.2 million people now have a second job as a freelancer, independent contractor or consultant, according to Revelio Labs’ sample of online professional profiles. ...Read more
Office tenants seek out top-tier spaces, showing downtown market isn't quite dead
The downtown Chicago office market remained stuck in the doldrums during the first half of 2024, with a historically high vacancy rate and sinking office employment. But the news isn’t all bad. The best skyscrapers, either recently built or renovated, are thriving as companies entice employees back downtown by renting top-tier offices.
“The...Read more
How one of the world's strongest car unions is dealing with EV job losses
The threat to jobs caused by the electric vehicle transition isn’t just a hot-button issue in the U.S., where a presidential election campaign is in full swing.
In Japan, the heads of Toyota Motor Corp., which employs around 70,000 staff in the country, are grappling with how the carmaker’s technological transformation will impact not only ...Read more
Award-winning parade float company will close after being dropped by Tournament of Roses
Antonio de Jesus Lopez made his way across the Fiesta Parade Floats warehouse in Irwindale, California, pushing a red dolly with two large signs from his first Rose Parade float in 2020.
The warehouse around him was filled with the whir of buzz saws and the flashing sparks of welding tools as his coworkers dismantled floats from past years of ...Read more
Judge blocks Georgia's online sales law, a win for Meta, Craigslist, others
Georgia’s new law extending data collection requirements for online marketplaces such as Nextdoor and Craigslist can’t stand as it conflicts with federal law, an Atlanta judge has decided.
The state’s “Combating Organized Retail Crime Act” was due to take effect Monday. It requires online marketplaces to obtain and verify information ...Read more
Half a million Patelco members locked out of credit union accounts due to security breach
DUBLIN, California — Half a million people on Monday were still locked out of their Patelco Credit Union accounts after a security breach on Saturday shut down bank operations with no clear resolution in sight.
Patelco’s President and CEO Erin Mendez on Saturday sent a systemwide email telling customers a “serious security “ breach “...Read more
Tesla is running out of excuses for a prolonged sales slump
Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.
Analysts surveyed by Bloomberg are estimating the carmaker will report on Tuesday that it handed over 439,302 electric vehicles in the second quarter, a 5.8% drop from a year ago. This would be a second consecutive quarterly decline, which Tesla ...Read more
Chicago pension debt rises to $37 billion as city hunts for cash
Chicago’s pension burden climbed again last year as new laws and accounting measures added to costs, and first-term Mayor Brandon Johnson looks for new revenue.
The net pension liability across the city’s four retirement funds rose about 5% to $37.2 billion as of Dec. 31, up from $35.4 billion a year earlier, according to Chicago’s latest...Read more
AT&T to issue credits to customers hit by international roaming outage
AT&T said it will issue credits to its customers affected by an international roaming service outage that caused problems for cellphone users traveling overseas in recent days.
AT&T, T-Mobile US and Verizon Communications acknowledged the problems last Thursday, with Verizon Support saying in a social media post that some customers traveling ...Read more
Motormouth: What is a dead man's pedal?
Q: When I purchased my 2013 Malibu, a dead man’s pedal was listed on the invoice. What is a dead man’s pedal and can I assume that it is employed every time you take your foot off the accelerator? Is it important enough to be listed on the invoice and that every vehicle should have the feature?
J.A., Cetronia, Pennsylvania
A: I haven’t ...Read more
Universal Hydrogen, pioneer of hydrogen-powered flight, goes bust
Universal Hydrogen, the pioneering company that flew a partially hydrogen-powered flight out of Moses Lake, Washington, in March last year, has burned through the $100 million it raised from investors and gone bust.
The company was one of a few aiming to replace fossil-fuel powered flight with more sustainable, emissions-free technology, in ...Read more
Justice department to offer Boeing a plea deal related to Max crashes
The U.S. Department of Justice is preparing to offer Boeing a plea deal to resolve a criminal charge of fraud following two fatal crashes of the manufacturer’s 737 Max jet.
Federal prosecutors told attorneys representing those who lost loved ones in the crashes about the deal at a meeting on Sunday, according to two of those lawyers, Paul ...Read more
Chicago's minimum wage resets to higher rate
Chicago’s minimum wage got its annual increase Monday, when it hit $16.20 for most workers across the city.
Chicagoans familiar with the city’s minimum wage ordinance will notice two significant changes this year. First, the minimum wages for large and small businesses are now equal, not tiered. July 1 also marked the first step in the city...Read more
In the age of digital dollars, there's value to budgeting with cash
Emily Franks and her husband were making enough money to get by but were still living paycheck to paycheck and struggling with debt.
After learning their church was hosting a financial literacy class, they decided to take action. Through several weeks, they learned to craft a budget and make it stick, using cash-filled envelopes as a budgeting ...Read more
Boeing to acquire troubled supplier Spirit AeroSystems, with Airbus parts split off
Two decades after Boeing put its big aircraft subassembly plants in Wichita, Kansas, and Tulsa, Oklahoma, up for sale and created what became Spirit AeroSystems, the company announced late Sunday it has reached an agreement to acquire those major units of Spirit and bring that work back in-house
In a note to Boeing employees Sunday night, CEO ...Read more
Popular Stories
- How one of the world's strongest car unions is dealing with EV job losses
- Award-winning parade float company will close after being dropped by Tournament of Roses
- Hollywood's exodus: Why film and TV workers are leaving Los Angeles
- Judge blocks Georgia's online sales law, a win for Meta, Craigslist, others
- American millennials drive surge in freelancing as a side job