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Rocket Mortgage accused of discriminating against Black homeowner who sought to refinance

Business / Business News /

Federal prosecutors accuse lender Rocket Mortgage of discrimination after an appraiser allegedly undervalued a Black woman's home, despite rising property values in her neighborhood.

Francesca Cheroutes sought to refinance the mortgage on her Denver property in January 2021, the complaint said.

Rocket also is accused of retaliating against ...Read more

Optimism meets skepticism at Quantum Summit in Chicago

Business / Business News /

Pioneers of quantum computing shared their dreams and skepticism about the fledgling industry Monday, while Gov. JB Pritzker said he thinks it’s already attracting companies to Illinois.

Industry leaders foresee momentous changes growing out of quantum computing, tempered with the realization it’s a challenge to make money in the industry ...Read more

Jason Armond/Los Angeles Times/TNS

Kaiser mental health professionals in Southern California go on strike

Business / Business News /

Psychologists, therapists and other mental health professionals who work for Kaiser Permanente across Southern California went on strike Monday morning, protesting that the healthcare organization had failed to address enduring problems that hamper its mental health care.

The National Union of Healthcare Workers said that nearly 2,400 mental ...Read more

Dark1elf/Dreamstime/TNS

A quarter of all working women are leaving free money on the table that could set back their retirement

Business / Business News /

A larger share of women than men aren’t saving for their future selves and could be losing out on hundreds of thousands of dollars over their lifetime as a result.

More than a quarter of women (26%) working full-time, part-time or looking for employment didn’t contribute to their retirement savings between August 2023 and 2024, compared to ...Read more

Katy Kildee, The Detroit News/The Detroit News/TNS

UAW members diverge over presidential election as union rallies for Harris

Business / Business News /

WARREN, Michigan — The United Auto Workers has held rallies, solicited door-to-door canvassers and brought on members to make calls to support the candidates it's endorsed this election — topped by Democratic nominee Kamala Harris for president. But some are less than enthused.

"They won't say it in public that they're voting for Trump this...Read more

J. Scott Trubey/The Atlanta Journal-Constitution/TNS

Georgia in talks to land battery manufacturing innovation center in Atlanta

Business / Business News /

Georgia leaders are attempting to recruit a battery manufacturer to open an innovation center in Atlanta, a deal that could involve a Fulton County agency granting the company hundreds of thousands of dollars in tax incentives.

The Georgia Department of Economic Development is trying to woo a “state-of-the-art global innovation center” with...Read more

Christina House/Los Angeles Times/TNS

Toys aren't just for kids. Mattel and other companies are embracing 'kidults'

Business / Business News /

Jeremy Hart played with Hot Wheels as a kid, but he eventually grew out of them, tucking the miniature cars away in a toolbox.

Then nostalgia struck when he attended the Hot Wheels convention in California with his son three years ago.

"I get these little glimmers and glimpses of memories and feelings when I look and see those Hot Wheels from ...Read more

Jane Tyska/Bay Area News Group/TNS

Farms or subdivisions? Ballot measure would curb development on Silicon Valley's southern edges

Business / Business News /

When most people in the Bay Area think of San Benito County, California, they imagine rolling ranch lands, majestic condors at Pinnacles National Park and the 227-year-old Spanish mission at San Juan Bautista, which was featured in Alfred Hitchcock’s classic 1958 film “Vertigo.”

But increasingly they also see the rustic county 5 miles ...Read more

AAron Ontiveroz/The Denver Post/TNS

Wind and solar would replace most of Xcel's troubled Comanche 3 coal plant power -- but not all

Business / Business News /

Most of the power to replace the last of Xcel Energy’s coal plants in Colorado, including a chronically troubled facility, would come from renewable energy sources — but not all.

Xcel filed the first phase of a proposal to replace the power currently generated by the Comanche 3 coal plant in Pueblo and the Hayden coal plant in Routt County....Read more

Jane Tyska/Bay Area News Group/TNS

How Big Tech won big against regulation in California this year

Business / Business News /

As public sentiment toward Big Tech sours in Silicon Valley and across the country, the industry nevertheless had a banner year dodging regulation in the California legislature.

Of some 60 bills to rein in the industry, fewer than 20 passed, many watered down, said David Harris, a Chancellor’s Public Scholar at University of California, ...Read more

Las Vegas Review-Journal/Las Vegas Review-Journal/TNS

Why is baccarat, the game of choice for wealthy whales, so volatile?

Business / Business News /

From month to month, casino gaming revenue can fluctuate dramatically thanks to one game, the most volatile one on the floor — baccarat.

It’s the game the wealthy whales and James Bond play, in which fortunes can be won or lost literally with the turn of a card.

“The bottom line is high-end baccarat is played at only a handful of ...Read more

STEFANI REYNOLDS/AFP/Getty Images North America/TNS

I asked ChatGPT to create a debt repayment plan. Here's what a credit counselor had to say about it

Business / Business News /

Nearly half of all Americans have credit card debt. And more than half of all Americans say they use AI regularly. Which gives me an idea!

What if AI could help you tackle credit card debt?

Credit card debt is complicated and can easily become overwhelming in the face of mounting interest charges. At the same time, we keep hearing about all ...Read more

DREAMSTIME/TNS

Motormouth: What's wrong with my seat belt?

Business / Business News /

Q: My driver seat belt fails to retract all the time and one day may damage the door. I’ve shown my belt retraction to two dealership mechanic foremen with pictures of it hanging outside the car. They say they can only fix it if it happens to them. Is there anyone else to turn to? My door sill paint is wearing thin.

J.S, Chicago

A: It will ...Read more

Bill Pugliano/Getty Images North America/TNS

Commentary: US business leaders want Harris' stability not Trump's chaos

Business / Business News /

Former President Donald Trump is the kind of salesman no successful businessperson can stand. He’ll promise the world, only to deliver “concepts of a plan.” His economic agenda is a shortsighted mash of policies that scores of top economists and business leaders predict will add up to higher inflation, less stability and lower growth.

...Read more

Stephen Brashear/Getty Images North America/TNS

Boeing Machinists will vote Wednesday on new proposal to end strike

Business / Business News /

SEATTLE — The Machinists union announced Saturday morning that Boeing made a new contract offer with a higher wage increase and other incentives in an attempt to end the strike that has paralyzed the company for five weeks.

The wage increase comes very close to the union’s initial demand for a 40% hike over four years.

The union has not ...Read more

Stephen Brashear/Getty Images North America/TNS

Boeing Machinists will vote Wednesday on new proposal to end the strike

Business / Business News /

SEATTLE — The Machinists union announced Saturday morning that Boeing has made a new contract offer with a higher wage increase and other incentives in an attempt to end the strike that has paralyzed the company for five weeks.

The wage increase comes very close to the union’s initial demand for a 40% hike over four years.

The union has ...Read more

Noah Berger/Getty Images North America/TNS

Amazon exec says return-to-office opponents can find 'other companies'

Business / Business News /

As Amazon’s five-day-a-week return-to-office policy approaches its enforcement date, a company executive is taking a hard line against those who don’t want to comply.

Matt Garman, head of Amazon Web Services, told employees at a town hall meeting Thursday that “there are other companies around” if employees don’t want to return to ...Read more

Patrick Donnelly/Center for Biological Diversity/TNS

BLM moves full steam ahead on geothermal energy in Nevada

Business / Business News /

The hot, briny water far beneath Nevada’s public lands may be an indispensable solution to the climate crisis.

Geothermal plants, where hot water is pumped from the ground and later injected back into the aquifer, have been touted as a water-neutral and sustainable way to generate energy.

Though some remain concerned about how pumping may ...Read more

Carolyn Cole/Los Angeles Times/TNS

Another refinery shuts down in California. What happens to gas prices?

Business / Business News /

California’s attempt to manage a smooth transition away from gasoline just got roughed up with this week’s decision by Phillips 66 to shutter its refinery in Wilmington next year, wiping out more than 8% of the state’s crude oil processing capacity.

The closure is likely to increase California’s already high prices at the gas pump, ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2024 BMW X2 is a great compact coupe SUV for consumers

Business / Business News /

While the small category of Coupe SUV’s exist in the German markets, BMW delivers the compact coupe SUV consumers have been inquiring about. The BMW X2 xDrive28i offers a $42K base price range, and is both ultra comfortable and roomy.

Clocking in with a zero to 60 mph time at just over 5 seconds, the 312 horsepower compact coupe SUV is ...Read more