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Clarence Tabb Jr./The Detroit News/TNS

Trump floats 'help' for automakers on tariffs

Business / Business News /

In another twist, the automotive industry may soon see relief on tariffs imposed on imported vehicles and parts after President Donald Trump said Monday that companies need more time to set up more U.S. manufacturing.

"I'm looking at something to help some of the car companies," Trump told reporters in the Oval Office. "They're switching to ...Read more

Dai Sugano/Bay Area News Group/TNS

Big San Jose optical chips tech plant may begin early operations in 2026

Business / Business News /

SAN JOSE, California — A big photonics semiconductor plant in San Jose is expected to begin initial operations sometime in 2026, potentially creating hundreds of well-paying jobs.

The future Nokia plant is poised to sprout at an office and research building in south San Jose where Nokia’s recently acquired subsidiary, tech company Infinera,...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing, aerospace suppliers primed for disruption amid Trump's tariffs

Business / Business News /

Boeing, its suppliers and the Seattle-area aerospace industry are in for a bumpy ride as they navigate President Donald Trump's turbulent trade war.

Scott Hamilton, an aerospace analyst with Leeham News and Analysis, visualized the tariffs as a dark storm cloud hanging over the industry and, particularly, its key U.S. manufacturer: Boeing.

"It...Read more

Mikhail Primakov/Dreamstime/TNS

Meta faces potential breakup with FTC antitrust trial starting

Business / Business News /

The U.S. Federal Trade Commission is finally having its day in court against Meta Platforms Inc., arguing that the company must be broken up for illegally monopolizing the social media market after buying Instagram and WhatsApp more than a decade ago.

The FTC’s opening salvo began Monday in Washington before chief judge James Boasberg in a ...Read more

Xavier Mascareñas/The Sacramento Bee/TNS

Can California's largest retirement system handle Trump's tariff turmoil?

Business / Business News /

The tide of uncertainty that’s roiled financial markets is raising new concerns about California’s underfunded retirement systems for millions of teachers, firefighters, police officers and other public sector employees.

Former civil servants aren’t in any immediate danger of losing their retirement checks. But if the stock market ...Read more

Kenneth K. Lam/Baltimore Sun/TNS

For some US manufacturers, tariffs signal potential growth opportunities

Business / Business News /

BALTIMORE — Factory owner Ken Malone has already experienced the ups and downs of tariffs launched this month. But, in President Donald Trump’s trade strategy, he also sees an opportunity to grow his business.

At Early Charm, Malone and his 40 employees transform scientific discoveries into materials, such as 3D-printed plastic, electronic ...Read more

DREAMSTIME/TNS

Here's what happens if you don't file your taxes

Business / Business News /

The tax-filing deadline is typically April 15 each year. If you can’t make that deadline, it’s easy to get a six-month extension for filing your return, though your tax payment is still due by April 15.

But what happens if you don’t file taxes by either of those deadlines? The consequences are very different depending on whether you’re ...Read more

Spencer Platt/Getty Images North America/TNS

Motormouth: How low can you go?

Business / Business News /

Q: I own a 2019 Toyota Highlander. Over the years I have found getting into and out of the vehicle more and more difficult. I have learned online about a set of "short coil springs" that drop the height 2-3 inches. Is this a possible solution?

M.F., Morton Grove, Illinois

A: Although lowering springs are available, I would caution you to think...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Michigan consumer sentiment index shows how much Americans' confidence is shattered

Business / Business News /

Economists predict a spending pullback by U.S. consumers because their sentiment fell for a fourth consecutive month, plunging to its second-lowest level in more than 70 years, as back-and-forth, on-again, off-again tariffs whipsaw Americans.

The 11% decrease from March in the preliminary results for April of the University of Michigan's Survey...Read more

Saul Loeb/AFP/Getty Images North America/TNS

Michael Hiltzik: No one understands Trump's thinking on tariffs. Here are the top guesses

Business / Business News /

For a brief, shining moment Wednesday, it looked as though some semblance of sanity had crept into Donald Trump's trade war.

Trump abruptly reversed course on the "reciprocal" tariffs he had begun to impose on scores of America's leading trading partners and other countries. He dictated a 90-day pause in those tariffs, while simultaneously ...Read more

Amid tariff turmoil, Swiss drugmaker commits to build $1.1B research hub in San Diego

Business / Business News /

Swiss pharmaceutical giant Novartis announced Thursday that it plans to build a $1.1 billion research hub in San Diego as part of its $23 billion investment in U.S. operations over the next five years.

The investment will create nearly 1,000 new jobs at Novartis and about 4,000 additional jobs in the U.S. as the company plans to construct seven...Read more

Getty Images/Getty Images North America/TNS

Tax Day is Tuesday. Are you ready? Tips for late filers

Business / Business News /

For many tax filers, state and federal income taxes are due Tuesday.

If you are done working on your 2024 taxes, congratulations.

If you have not, The San Diego Union-Tribune hopes the last-minute tax filing tips below, from one San Diego finance professional and the Internal Revenue Service, make the coming days a little bit less of a drag.

...Read more

Yuri Gripas/Abaca Press/TNS

Trump administration takes aim at California's cap and trade program

Business / Business News /

There’s another battle brewing between the Trump administration and California.

A White House executive order issued earlier this week wants to roll back what it calls “all illegitimate impediments” by various state to develop U.S. energy resources and called out California’s cap and trade program that has been in place since 2012.

But...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

S&P 500 notches its best week since November 2023: Markets wrap

Business / Business News /

Wall Street’s gyrations shook markets anew, with stocks wiping out losses to extend their best weekly gain since 2023. The rebound came as a selloff in Treasuries and the dollar abated, following a few chaotic days that underscored fears foreign investors are beating a retreat from American assets.

Volatility shows little signs of easing as ...Read more

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

UAW says automakers can afford tariffs. This is how much they'll cost, according to new report

Business / Business News /

Detroit's three automakers could bear an additional $41.9 billion in annual costs from President Donald Trump's 25% tariffs on imported vehicles and parts, according to new estimates.

An analysis from the Center for Automotive Research in Ann Arbor, Michigan — commissioned by the American Automotive Policy Council, a Detroit Three advocacy ...Read more

Dai Sugano/Bay Area News Group/TNS

Theranos fraudster Elizabeth Holmes keeps fighting, claims appeal judges were confused, illogical and factually mistaken

Business / Business News /

Felonious Theranos fraudster Elizabeth Holmes has launched another appeal of her conviction and sentence, claiming that a three-judge panel that shot down her first appeal in February was confused on one point, illogical on another, and made factual mistakes in hearing her case.

Holmes, 41, was convicted on four counts of felony criminal fraud ...Read more

David Guralnick/The Detroit News/TNS

Car prices going up due to tariffs? What dealers and brands are doing in response

Business / Business News /

President Donald Trump's new 25% automotive tariffs are set to push new car prices thousands of dollars higher, but some automakers and dealers are sending a message that for now, at least, there are still hot deals to be found.

Ford Motor Co. began offering employee pricing to all customers last week, just as the tariffs on new car imports ...Read more

ANGELA WEISS/AFP/Getty Images North America/TNS

Stocks eye best week since '23 as bond rout eases: Markets wrap

Business / Business News /

Wall Street’s gyrations shook markets anew on Friday, with stocks wiping out losses to extend their biggest rally since 2023 as a selloff in bonds waned.

Volatility shows little signs of easing as concerns that President Donald Trump’s fast-evolving trade policy is not only shaking the globe but threatening the U.S. status as the world’s ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 1967 Pontiac Grand Prix convertible is 'one rare chief'

Business / Business News /

As my long-term readers know about my array of cars in my collection and with an outpouring amount of emails requesting a review on something from within the Grasso Garage stable. Well, that time is here, so let’s strap in and take a drive down memory lane together, with one of Grasso’s Garage favorites.

Grasso’s Garage is proud to review...Read more

Henry Payne/The Detroit News/TNS

Auto review: Burnin' rubber in the loco Ford Maverick Lobo

Business / Business News /

SAN DIEGO, Calif. — Rounding the 180-degree, left-hand bend at the east end of Pechanga Arena’s autocross course, I stabbed the throttle pedal of my 2025 Ford Maverick Lobo and twin clutch packs accelerated the pickup’s outside rear wheel. SQUAAAWWWWWWWW! The tires squealed in protest as I drifted sideways through the next gate of pylons ...Read more