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Apple to hire 20,000 people, invest $500 billion in the US amid Trump tariffs

Business / Business News /

Apple said Monday it plans to invest $500 billion in the United States, hire 20,000 people and open a new manufacturing factory in Texas over the next four years.

"We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country's future," Tim ...Read more

Ken Lambert/The Seattle Times/TNS

Starbucks to lay off 1,100 corporate workers amid turnaround attempt

Business / Business News /

Starbucks will lay off 1,100 corporate employees by Tuesday morning and eliminate hundreds of open roles, the company announced Monday.

In a letter to employees on Monday, CEO Brian Niccol said the company was simplifying its structure by shedding redundant roles and “creating smaller, more nimble teams.”

The layoffs will not affect store ...Read more

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In Parkinson's fight, Medtronic's first-in-the-world adaptive therapy feature wins FDA approval

Business / Business News /

After decades of development and trials, Medtronic has secured U.S. Food and Drug Administration approval for adaptive technology personalizing treatment of Parkinson’s symptoms using advanced stimulation deep in the brain.

On Monday, the Fridley-run company announced the regulatory win for its BrainSense Adaptive deep brain stimulation in a ...Read more

DOUGLAS R. CLIFFORD/Tampa Bay Times/TNS

Hooters may be headed for bankruptcy in coming months

Business / Business News /

Hooters is reportedly working on a bankruptcy plan that would allow the restaurant chain to restructure and manage debt.

It’s parent company, Hooters of America, is said to have met with a law firm about the possibility of initiating a legal process in the next few months that would buy the company time to reorganize. According to Bloomberg, ...Read more

Dai Sugano/Bay Area News Group/TNS

Theranos fraudster Elizabeth Holmes loses her appeal

Business / Business News /

Theranos founder Elizabeth Holmes has lost her appeal of her fraud conviction.

A three-judge panel of the U.S. Court of Appeal for the Ninth Circuit on Monday upheld lower court rulings finding Holmes guilty of felony fraud, sentencing her to more than 11 years in prison and ordering her to pay hundreds of millions of dollars in restitution.

...Read more

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Survey: The stock market is again Americans' favorite long-term investment

Business / Business News /

The stock market is the top place to invest for the long term, say Americans in Bankrate’s 2025 Long-Term Investment Survey. In all, 27% of Americans said they prefer the stock market as the way to invest money that they didn’t need for a decade or more. This figure is in line with the 26% who chose the stock market in the 2022 survey, the ...Read more

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1099-K tax rules: What you need to know if you get paid via Venmo, Cash App or PayPal

Business / Business News /

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

Here’s why you might be among the millions of taxpayers who got this form for the first time: If you received a total of $5,000 or more through a payment app in 2024, that...Read more

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Hungry mortgage lenders are dangling deals and discounts

Business / Business News /

Slashed rates. Discounts on future purchases. Speedy delivery.

No, these are not the promises of an auto dealer or eager e-retailer start-up. They’re coming from mortgage lenders.

The incentives reflect the harsh reality of the residence-financing scene. Since 2021, mortgage rates have more than doubled. The predictable result: American ...Read more

Lynda M. Gonzalez/TNS/TNS

Uber CEO says Musk wants to go alone on Tesla robotaxi rollout

Business / Business News /

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said Elon Musk was not open to making Tesla Inc.’s planned robotaxis available on the ride-sharing platform, making Uber a future competitor.

“I’ve had conversations with him at this point,” Khosrowshahi said Friday in an interview with Bloomberg TV’s Manus Cranny at the...Read more

Carlos Gonzalez/Minnesota Star Tribune/TNS

DOJ investigating Medicare Advantage billing practices at UnitedHealth Group: Report

Business / Business News /

The Wall Street Journal says the U.S. Justice Department in recent months has launched an investigation into UnitedHealth Group’s billing practices to see if the company fraudulently used diagnosis data to trigger extra Medicare Advantage payments.

A series of articles in the Wall Street Journal last year alleged Medicare paid UnitedHealth ...Read more

DREAMSTIME/TNS

Colorado issues first psilocybin-related licenses, kicking off psychedelic industry rollout

Business / Business News /

Colorado regulators have issued the first licenses to individuals seeking to open psilocybin-related businesses.

As of Thursday afternoon, the Department of Revenue’s Natural Medicine Division had approved seven license applications for prospective business owners, including one who wants to open a psilocybin mushroom cultivation and another ...Read more

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Trump's tariff wars leave US small business with nowhere to hide

Business / Business News /

American companies of all sizes are on edge over President Donald Trump’s tariffs, but it’s arguably small business that is most exposed.

Many smaller firms say they’re having to hike prices, freeze expansion plans or absorb a hit to already-thin profit margins as import bills climb. Such businesses employ half the U.S. workforce, so how ...Read more

Joe Burbank/Orlando Sentinel/TNS

'You can't beat the future': Electric vehicles on the rise in Central Florida

Business / Business News /

Orlando resident Tyriq Green bought an electric vehicle to bypass the gas pump and likes that he’s on transportation’s cutting edge.

“I think everybody should start getting electric cars because, 20 to 25 years from now, there might not be as many gas cars,” said Green, who drives a Tesla Model 3 Performance. “You can’t beat the ...Read more

UnitedHealth falls on DOJ probe into Medicare billing

Business / Business News /

The US Justice Department has been investigating UnitedHealth Group Inc.’s Medicare billing practices, a person familiar with the matter said. The company’s stock fell sharply.

The Wall Street Journal first reported the civil fraud investigation into whether the insurance giant’s practices related to patient diagnoses force higher ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Mini Countryman offers fun for everyone

Business / Business News /

While Mini’s parent company, BMW, has had no problems rolling out new and updated models recently, Mini has had to overcome some hurdles, with sales flattening. But in Grasso’s Garage this week, Mini is back.

Powering the 2025 Mini Countryman ALL4 is the popular 2.0-liter Mini TwinPower Turbo 4-cylinder engine with 312 horsepower and 295 ...Read more

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Auto review: 2025 Hyundai Ioniq 5 gets a refresh and an off-road model

Business / Business News /

Electrification has been the key to Hyundai’s 33% retail growth over the past five years, according to Ricky Lao, director of product planning Hyundai Motor America. In fact, sales were up 31% in 2024 compared to the year before. And key to Hyundai’s success is the Hyundai Ioniq 5.

Three years after it first hit the U.S. market, the battery...Read more

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As alleged CEO killer heads to court, UnitedHealth spars with surgeon, investor in coverage dispute

Business / Business News /

Dr. Elisabeth Potter posted an online video in early January out of frustration with UnitedHealthcare, describing how she scrubbed out of surgery that day to phone the insurer, worrying she had to make sure coverage wasn’t denied for a patient in the midst of an operation.

“It’s 2025, and insurance just keeps getting worse,” the Texas ...Read more

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Casey Williams: As EV hype fades, automakers refocus on hybrids

Business / Business News /

Our path to automotive electrification may be less of a drive across Montana and more of a swoop down The Tail of the Dragon in the Smokey Mountains. Automakers like Cadillac, Volvo and Mercedes-Benz that planned to be virtually all-electric by 2030 are slowing their roll. We’ll eventually get there, but it’s going to be a scenic drive.

“...Read more

Henry Payne/The Detroit News/TNS

Auto review: Last dance with the tiny, affordable Mitsubishi Mirage

Business / Business News /

NAPLES, Florida — In the Dollar Store corner of the auto shopping mall is the wee Mitsubishi Mirage. At $17,965, it is the most affordable new car in the U.S. market.

But you had better act fast; the Mirage is about to disappear.

The 2024 model year is the last for the subcompact, leaving only one car available under $20,000 (destination ...Read more

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Econometer: Should California back off on 2026 zero-emission car mandates?

Business / Business News /

The first iteration of zero-emission vehicle sales mandates in California goes into effect next year. But doubts have been raised about whether the targets can be met.

Starting next year, at least 35% of manufacturers’ new passenger car and truck sales must be electric vehicles, plug-in hybrids or hydrogen-fuel cell vehicles, known as ZEVs (...Read more