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Allen J. Schaben/Los Angeles Times/TNS

Sunny but expensive: Thousands more workers left California than arrived during a stretch last year. Here's where they went

Business / Business News /

LOS ANGELES — California, home to a rich pool of talent in major industries such as film and tech, has lost thousands of workers to states that have a lower cost of living and other perks, according to a recent report.

The National Association of Realtors, which analyzed U.S. census data from the third quarter of 2023, found nearly 87,000 ...Read more

John T. Greilick/The Detroit News/TNS

Detroit's Renaissance Center would lose two towers, add apartments, riverfront park under new proposal

Business / Business News /

DETROIT — The Renaissance Center would shrink to three towers with residential, office and hotel tenancy to create space for a six-acre riverfront park in a more than $1.6 billion redevelopment plan dependent on $250 million in state support that would make billionaire mortgage mogul Dan Gilbert's real estate firm shared owner of the complex ...Read more

Aric Crabb/Bay Area News Group/TNS

PG&E eyes fresh increase in monthly bills, which could arrive in 2025

Business / Business News /

OAKLAND, California — PG&E is seeking a fresh increase in monthly bills — yet again — for its residential customers, this time to help the utility titan meet demand for new housing, commercial real estate and healthcare projects.

The latest proposal would produce an average increase of $3.65 a month for PG&E residential customers, ...Read more

Jason Getz/The Atlanta Journal-Constitution/TNS

Quikrete cements $11 billion deal to create building materials behemoth

Business / Business News /

Quikrete, the privately held Georgia concrete and cement company, will buy Denver-based Summit Materials in a deal worth more than $11 billion, including assumed debt.

Quikrete is the top producer of packaged concrete and cement mixes in North America, and the combination will create an even bigger construction materials giant.

Quikrete will ...Read more

Kevin Dietsch/Getty Images North America/TNS

Can Trump end California's autos emission rule supremacy?

Business / Business News /

WASHINGTON — Environmental groups and the U.S. Environmental Protection Agency, still under the control of President Joe Biden, are bracing to protect California’s central role in regulating vehicle emissions against what could be a formidable deregulatory push from President-elect Donald Trump.

The lame-duck Biden administration has not ...Read more

Mario Tama/Getty Images North America/TNS

California to offer EV rebates if Trump kills $7,500 tax credit, Newsom says

Business / Business News /

California is prepared to offer state tax rebates for electric vehicle purchases if the incoming Trump administration scuttles the federal EV tax credit, according to Gov. Gavin Newsom.

“We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,�...Read more

Dreamstime/Dreamstime/TNS

The holidays are full of potentially awkward money talks

Business / Business News /

There are plenty of conversational landmines to avoid around the holiday dinner table. Money leads the way, according to a recent Bankrate survey. We found that only 38% of U.S. adults are comfortable discussing their bank account balances with family members and close friends. Fewer than half (47%) are comfortable discussing their love lives, ...Read more

Said Mammadov/Dreamstime/TNS

Motormouth: Defroster disrupts radio

Business / Business News /

Q: I purchased a 2011 Corolla in June. It had a gaping hole for the radio, which the dealer then installed. It is just recently that I have had to use the rear defroster, and I found out that it cuts out my FM radio station while it is on. I have been gathering as much info on this as I can, and it's definitely "a thing" out there. I only have ...Read more

DREAMSTIME/TNS

What are commission-free annuities and are they good for retirement?

Business / Business News /

Annuities are often popular with retirees and those looking to retire because of the steady income stream they can provide. But annuities tend to come with high costs and commissions for salespeople, often masquerading as financial advisers, that eat into investors’ returns.

Some firms now offer annuities without commissions, which could be ...Read more

Timothy A. Clary/AFP/GETTY IMAGES NORTH AMERICA/TNS

Jonathan Levin: Trump is making the 60/40 portfolio great again

Business / Business News /

The post-election stock market is already giving investors a wild ride. Big individual stock selloffs, massive rallies, and a dizzying array of market narratives built on Wall Street’s best attempts to read President-elect Donald Trump’s mind. All told, the S&P 500 Index is up almost 4% since Election Day, but the numbers don’t do justice ...Read more

Marcos Calvo Mesa/DREAMSTIME/TNS

The 10 golden rules of investing everyone should follow

Business / Business News /

Investing can often be broken down into a few simple rules that investors can follow to be successful. But success can be as much about what to do as it is what not to do. On top of that, our emotions throw a wrench into the whole process. While everyone knows you need to “buy low and sell high,” our temperament often leads us to selling low...Read more

Brandon Bell/Getty Images North America/TNS

Trump's tariff pledges have companies questioning inventory, supply chains

Business / Business News /

President-elect Donald Trump’s pledge to raise tariffs and the possibility of a second U.S. port strike in January have companies wondering what their inventory strategies should be.

Eden Prairie-based C.H. Robinson, one of the world’s largest logistics companies, has fielded numerous questions from clients on what they should do.

“Keep ...Read more

Andrea Felsted: The '90s are back -- and so Is The Gap

Business / Business News /

If your ‘90s look included a pair of Gap khakis or an iconic blue and white logo sweatshirt, you’re not alone. But the brand that was once America’s uniform has struggled for almost two decades — until now.

Gap Inc. has catapulted its namesake brand into the cultural conversation once more. Now it must turn buzz into booming sales with ...Read more

Feds suspend ACA marketplace access to companies accused of falsely promising 'cash cards'

Business / Business News /

As open enrollment for Affordable Care Act plans continues through Jan. 15, you’re likely seeing fewer social media ads promising monthly cash cards worth hundreds, if not thousands, of dollars that you can use for groceries, medical bills, rent and other expenses.

But don’t worry. You haven’t missed out on any windfalls. Clicking on one ...Read more

Alexi J. Rosenfeld/Getty Images North America/TNS

Trump victory forces once vocal corner of Wall Street to regroup

Business / Business News /

Donald Trump’s return to the White House is forcing one of Wall Street’s more jargon-filled corners to rethink its talking points.

Investment managers targeting climate change — a concept Trump has referred to as both a “scam” and a “hoax” — say it’s time to start speaking in terms that don’t alienate the millions of ...Read more

John Spink/The Atlanta Journal-Constitution/TNS

SEC fines UPS $45 million, saying it improperly valued freight business

Business / Business News /

UPS has agreed to pay $45 million to settle a complaint with the U.S. Securities and Exchange Commission, which alleges the Sandy Springs-based shipper improperly valued one of its businesses.

The SEC alleges UPS misrepresented its earnings because of improper valuation of its UPS Freight unit, which it agreed to sell in 2021.

The SEC said it ...Read more

Karl Mondon/Bay Area News Group/TNS

Stanford professor likely used AI chatbot like ChatGPT for court submission, lawyers claim

Business / Business News /

A Stanford professor serving as an expert in a federal court lawsuit over fakery created by artificial intelligence submitted a sworn declaration containing false information likely made up by an AI chatbot, a legal filing claims.

The declaration submitted by Jeff Hancock, professor of communication and founding director of the Stanford Social ...Read more

Dreamstime/Dreamstime/TNS

Econometer: What are you thankful for about the economy?

Business / Business News /

The San Diego Union-Tribune’s panel of economists and business leaders reflect on the past year and share what they’re grateful for this year.

Question: What are you most thankful for, economically, this Thanksgiving?

Economists

Caroline Freund, University of California-San Diego School of Global Policy and Strategy

Innovative economy:...Read more

The Coca-Cola Company/The Coca-Cola Company/TNS

Coca-Cola's AI holiday ad sparks controversy for not being the 'real thing'

Business / Business News /

For more than a century, Atlanta beverage giant Coca-Cola has released holiday ads that have closely shaped much of the imagery associated with Christmas. Think Santa Claus and polar bears.

This year, some of Coca-Cola’s holiday ads airing on TV look a little different. They’re generated by artificial intelligence.

In what is the company�...Read more

Stacey Wescott/Chicago Tribune/TNS

Chicago commission approves creation of quantum computer research park on former steel mill site

Business / Business News /

CHICAGO — The South Side took another step toward becoming a national computer hub Thursday when the Chicago Plan Commission approved the creation of a quantum computer research park on the long-vacant U.S. Steel South Works site.

The vote came after hours of impassioned testimony from dozens of community residents. Many said the project ...Read more