Business
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For Hollywood workers, LA fires are the latest setback as productions halt
As the market for documentaries and other content slowed and work dried up in Hollywood, producer Kourtney Gleason was already worried about making the mortgage payments on the home she bought last year with her boyfriend.
Now, as raging fires have halted film and TV production in Southern California and many in the industry have lost homes, ...Read more
What to know about temporary housing, rents, price gouging during fire storm
The Palisades and Eaton fires have burned thousands of homes in Los Angeles County, in the process creating refugees in a region with a persistent housing shortage.
For now, many of the displaced are staying in hotels, shelters or with friends and family. Others may be searching for a more permanent home in a rental. Many more will join them ...Read more
Nonalcoholic beer boom: Actor Tom Holland's new beverage debuts at Target
Target is debuting Hollywood star Tom Holland’s new nonalcoholic beer as shoppers double down on alcohol-free options during Dry January and beyond.
Holland, known for his role as Marvel’s Spider-Man, launched the beer online last year, sharing stories from his own journey with sobriety on late-night talk shows and podcasts.
“I tried to ...Read more
How the devastating Los Angeles fires could deepen California's home insurance crisis
When raging wildfires tore through Pacific Palisades and other local communities this week, they not only left a path of destruction reminiscent of a World War II bombing campaign, but threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance.
The ...Read more
Panera CEO resigns after less than two years
FENTON, Missouri — Panera Brands’ CEO is stepping down after less than two years of in the position, the parent company of Panera Bread said in a press release Tuesday.
José Alberto Dueñas’s resignation is effective immediately. Dueñas, former president and CEO of Einstein Bros. Bagels, became Panera CEO in July of 2023.
“I am ...Read more
Real estate Q&A: Why do I need two types of title insurance?
Q: We are buying our first home and are stretching our savings to pay for the down payment and closing costs, not to mention the moving expenses. Our lender sent us our closing cost estimate, which showed that “owner's title insurance” was optional, even though we were required to purchase “lender's title insurance.” What is the ...Read more
Faith-based investor group pushes UnitedHealth Group to study denials in wake of CEO murder
A group representing faith-based shareholders petitioned Minnesota-based UnitedHealth Group to develop a report on the human and economic toll that stems from limiting or delaying access to health care at the company’s massive insurance subsidiary.
The Interfaith Center on Corporate Responsibility said Wednesday it has filed a shareholder ...Read more
A complete guide to 401(k) retirement plans: What is a 401(k)?
If you’re working and already saving for retirement or plan to start socking away money soon, investing in a 401(k) plan can help you build a sizable nest egg.
If you’re thinking about signing up for a 401(k), or simply want to know more about how to take full advantage of this type of retirement savings vehicle, here’s everything you ...Read more
If you lost your home or business in the wildfires, here's what to do next
With more than 1,100 structures already destroyed by three wildfires that continue to rage out of control around Los Angeles, homeowners and business owners face a long road ahead to recoup their losses.
Filing an insurance claim is one of the many tasks to take care of after the loss of a home or business. It is lengthy process that has become...Read more
CHS profits plummet alongside lower global fuel, grain prices
CHS was already feeling the squeeze of depressed grain prices amid bountiful worldwide harvests, and now its oil refining business is hurting from ample global production.
The Inver Grove Heights-based cooperative saw profits cut in half, to $244.8 million, for its first fiscal quarter that ended Nov. 30.
The company, which owns the Cenex ...Read more
Q&A: Canada energy minister warns Trump against an oil trade war
Donald Trump’s claim that the U.S. doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, Canada’s energy minister and a potential candidate in the contest to replace Justin Trudeau as prime minister.
The U.S. doesn’t have easy alternatives to Canadian crude oil, uranium, potash and other critical minerals, ...Read more
Michael Hiltzik: Here's one key reform that can fix US health care
For more than 50 years, as the economics of American health care and health insurance have evolved, one theory has persisted, unchanged: To promote better and more efficient medical treatment, patients must have "skin in the game."
The idea is that requiring fees for doctor or hospital visits — through co-pays, deductibles and other forms of ...Read more
Biden to further limit Nvidia AI chip exports in final push
President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.
The U.S. wants to curb the sale of AI chips used in data ...Read more
US dockworkers, employers reach tentative deal to avert strike
A U.S. dockworkers union reached a tentative deal on a new labor contract with a group of ocean carriers and terminal operators that, if ratified would avoid a shutdown of East and Gulf coast ports next week.
“We are pleased to announce that ILA and USMX have reached a tentative agreement on a new six-year ILA-USMX Master Contract, subject ...Read more
Warner Bros. shakes up studio leadership amid film underperformance
The Warner Bros. film studio has shaken up its senior ranks after the under-performance of several movies last year, which has put pressure on the film team to increase its performance and profitability.
Veteran marketing chief Josh Goldstine and international film distribution head Andrew Cripps announced their exits internally Wednesday ...Read more
Internet calling: US government approves funding for smartphone broadband
Look up: Can you see the sky?
If so, chances are good you can connect to the internet with your smartphone without the worry of dead spots.
What’s new about that is that the federal government is now funding smartphone broadband access in remote areas as part of a $42.35 billion program to connect every American home and business with ...Read more
Mark Gongloff: California fires expose a $1 trillion hole in US home insurance
The wildfires terrorizing Los Angeles this week have been like something out of a movie: vast, fast-moving, unpredictable, merciless. Their scope and nature have surprised even fire-jaded California.
They are also evidence of the sort of consequences that can be expected as the planet continues to heat up, consequences for which traditional ...Read more
Global bond selloff leaves US Treasury yields flirting with 5%
The selloffs that keep flaring in the world’s bond markets are rapidly pushing yields toward key thresholds due to escalating worries about elevated inflation, tempestuous politics and swelling government debts.
In the U.S., the 10-year Treasury yield rose as high as 4.73% Wednesday, pushing it toward the 5% peak hit in October 2023, before ...Read more
Global bond selloff leaves US Treasury yields flirting with 5%
The selloffs that keep flaring in the world’s bond markets are rapidly pushing yields toward key thresholds on escalating worries about elevated inflation, tempestuous politics and swelling government debts.
In the U.S., the 10-year Treasury yield rose as high as 4.73% Wednesday, pushing it toward the 5% peak hit in October 2023, before ...Read more
As legal case takes shape, US Steel wary of activist investors, mill shutdowns
After a year spent tussling with its closest domestic rival, U.S. Steel may finally have the chance to publicly detail its frustrations with Cleveland-Cliffs, even as the Ohio steelmaker rejects allegations that it did anything inappropriate.
A lawsuit filed by the Pittsburgh steelmaker Monday in the U.S. District Court for the Western District...Read more