Business
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The 2024 election and your retirement: How to stay financially prepared regardless of who wins
The 2024 elections are right around the corner, and it’s been one of the most contentious campaign seasons in recent memory. For retirees, the outcome of the election has some ramifications, especially with a looming Social Security shortfall, which could lead to drastic cuts in benefits. Whoever is elected this year could help shape how the ...Read more
As Starbucks CEO, Howard Schultz violated labor law with barb at Long Beach barista, labor board finds
In April 2022, a Starbucks barista and union organizer was invited to meet with the company's upper management in Long Beach. During the meeting, the employee raised several concerns, including charges of unfair labor practices the company faced.
Howard Schultz, who had just begun his third stint as the company's chief executive, became ...Read more
Does an annuity make sense if you don't have a high net worth?
Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile.
While it’s true that some annuities, especially those offering guaranteed lifetime income, require significant capital, ...Read more
Survey: Americans think money is more taboo to talk about than their political or religious views
American culture changes at a breakneck pace — just ask fans of Stanley cups and skinny jeans in 2024. But over the past decades, one mantra hasn’t changed much: Don’t talk about your personal finances. Today, money is such an awkward topic that only 38% of U.S. adults feel comfortable discussing their bank account balances with family and...Read more
Automation issue is up next after dockworkers' union showed 'muscle' during strike
As they picketed during a three-day strike, some U.S. dockworkers carried signs reading “Automation Hurts Families” and “Machines Don’t Feed Families.”
The union representing 45,000 striking U.S. dockworkers at Gulf Coast and East Coast ports, including the Port of Baltimore, reached a deal Thursday to suspend the strike until Jan. 15...Read more
Hyundai's Georgia $7.6 billion EV factory is up and running
Hyundai has begun electric vehicle manufacturing at its new factory near Savannah, Georgia, a major milestone in Georgia’s emergence as an EV hub.
Full production began earlier this week, and the South Korean automaker held a private opening celebration with its 1,400-plus employees on Thursday at the plant located along I-16 in Ellabell in ...Read more
Stellantis files federal lawsuit against UAW after local strike vote, with more planned
Members of a United Auto Workers local in southern California were the first to authorize a strike against Stellantis NV on Thursday night — a move that swiftly prompted a federal lawsuit from the automaker alleging the union has breached its collective bargaining agreement.
A supermajority of UAW Local 230 members at Stellantis' Los Angeles ...Read more
Rivian seeking federal loan to restart construction of $5B Georgia plant
New documents show Rivian has applied for a federal loan to help finance the $5 billion electric vehicle factory it plans to build an hour east of Atlanta, the most significant sign the company is making moves to resume construction of the stalled project.
Details about the loan application with the U.S. Department of Energy are limited, but ...Read more
'More serious than we had hoped': Bird flu deaths mount among California dairy cows
LOS ANGELES — As California struggles to contain an increasing number of H5N1 bird flu outbreaks at Central Valley dairy farms, veterinary experts and industry observers are voicing concern that the number of cattle deaths is far higher than anticipated.
Although dairy operators had been told to expect a mortality rate of less than 2%, ...Read more
Rivian cuts production forecast, citing supply chain issue; its stock dips
Electric vehicle maker Rivian saw its shares dip Friday after the Irvine-based company cut its production targets amid ongoing supply issues.
Citing a shortage of a component used to build its electric pickups, sport utility vehicles and vans, Rivian said production could drop as much as 18% this year at its lone U.S. assembly plant.
Rivian ...Read more
US job growth outperforms expectations as hiring resurges and unemployment drops
An unexpectedly large surge in job creation last month, coupled with a downtick in unemployment, was good news for the economy, for the Federal Reserve and for Democratic politicians because it suggested policymakers have managed, thus far, to curb inflation without triggering a recession.
The addition of 254,000 jobs in September, reported by ...Read more
McDonald's will roll out a chicken version of its Big Mac in the US this month
McDonald’s is bringing a chicken version of its Big Mac sandwich to the U.S. for a limited time, the company announced this week.
The sandwich, which replaces the traditional two beef patties of a Big Mac with two tempura-battered chicken patties, will be available at participating restaurants starting Oct. 10 “while supplies last,” the ...Read more
US job growth outperforms expectations as hiring resurges and unemployment drops
A resurgence of hiring added a quarter-million jobs last month across the country and the unemployment rate dropped to 4.1%, according to new government data released Friday.
The addition of 254,000 jobs in September was well above the average 203,000 monthly gains over the past year. It blew past analysts' expectations and, after a slowing of...Read more
Sonos tries to get its groove back after upsetting loyal customers
Heath Evans really needed his Sonos speakers to work.
He and his wife counted on one of the three wireless devices he owned to play music to help put their baby daughter to sleep.
So, in May, when Sonos released a new controller app that was so riddled with problems he couldn't get the speakers to work, Evans was angry.
"We just need ...Read more
How Kwik Trip created a cult-like following in the Midwest
Across the Upper Midwest, customers frequent Kwik Trips, sometimes for gas, sometimes for (no longer bagged) milk, cheap bananas or a signature glazers doughnut.
But the one constant everyone leaves with: a pleasant interaction.
“Vanessa, Joe and Colleen, just to name a few,” said weekly shopper Philomena Morrissey Satre of her Eagan, ...Read more
Auto review: 2025 GMC Hummer SUV is electrifyingly large and in charge
There’s an irony in the Hummer nameplate being brought back as a battery-electric sub-brand of the GMC family. Given its extreme bulk, there’s a sense of GM executives paying penance for the brand’s previous gas-guzzling ways.
And despite what GMC has said since Hummer returned from purgatory, this is NOT GMC’s “first ever” EV. Not ...Read more
How future cars could power homes in California
Electric vehicles provide energy storage, on wheels. But until now, this has been an untapped resource, unable to help shore up the power grid and back up homes and businesses during outages.
Last weekend, Governor Gavin Newsom signed a new law that will help harness that energy. SB 59, proposed by State Sen. Nancy Skinner, D-Berkeley, ...Read more
Henry Payne: How Honda is going hybrid in racing and production
NASHVILLE — Win on Sunday, sell on Monday.
Honda’s first hybrid IndyCar won big at the season finale here at the Big Michigan Music City Grand Prix Sept. 15 as Colton Herta took the checkered flag first — and Alex Palou clinched the overall driver's championship. And for customers who want a hybrid Honda of their own for the street, 2025 ...Read more
Auto review: 2024 Subaru BRZ is entry level fun
As Subaru has been absent from Grasso’s Garage, we have witnessed a slew of convertibles which are ready to enjoy fun in the sun. But today, we see a different kind of fun, and that is without the sun. I give you the 2024 Subaru BRZ-tS, Subaru’s rear wheel drive, two-door coupe.
Powered with a 2.4-liter horizontal-opposed DOHC engine with a...Read more
US dockworkers agree to suspend strike until Jan. 15
Dockworkers at U.S. East and Gulf coast ports have agreed to start moving cargo again while they continue collective bargaining with their employers on a new contract.
The International Longshoremen’s Association agreed to extend the contract until Jan. 15 and work will resume Friday, the union said in a statement Thursday.
“The strike is ...Read more
Popular Stories
- Seattle churches wanting to build affordable housing face testing times
- Automation issue is up next after dockworkers' union showed 'muscle' during strike
- Hyundai's Georgia $7.6 billion EV factory is up and running
- Stellantis files federal lawsuit against UAW after local strike vote, with more planned
- Rivian seeking federal loan to restart construction of $5B Georgia plant