The U.S. housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.

The annual nationwide price increase slowed to 1.3% in June, the slowest pace in two years and down from 1.6% the previous month, ICE’s ...Read more

Challenged by everyone from consumer groups to Gov. JB Pritzker over its imminent 27.2% homeowners insurance rate increase in Illinois, State Farm faces the question: Will it seek to defend its widely criticized decision?

The answer: hail yes.

Citing more frequent extreme weather events such as wind, hail and tornados, insufficient premiums to...Read more

Underlying U.S. inflation rose by less than expected for a fifth month in June even as the details signaled companies are beginning to more meaningfully pass some tariff-related costs to consumers.

The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from May, according to Bureau of Labor Statistics ...Read more

ROMULUS, Michigan — One recent afternoon at FedEx’s new massive distribution hub, packages moved swiftly along an automated conveyor system as they were scanned, sorted, and prepped to be flown to their next destination.

The sounds of automated machinery filled the 300,000-square-foot facility — nearly twice the size of the previous ramp ...Read more

LOS ANGELES — Six months after the Palisades fire roared down Pacific Coast Highway, the Country Kitchen in Malibu is open for business, but many customers have yet to return.

The no-frills eatery features a few outdoor tables and ocean views, nestled in a narrow parking lot alongside a liquor store and gift shop. The restaurant, which opened...Read more

LOS ANGELES — Toni Gray’s phone is blowing up these days.

The head of production at Dhar Mann Studios, which makes shows for YouTube and other online platforms, said entertainment industry friends in Los Angeles had once held out before seeking work in the digital realm.

But now, with jobs few and far between at the legacy studios, they ...Read more

President Donald Trump signed his new tax law on July 4, which included a provision that creates and funds investment accounts for babies born in the next few years. The accounts will be allowed to compound and grow tax-deferred, similar to the way some retirement accounts work.

“In addition to the substantial financial benefits of investing ...Read more

Millions of Americans will see significant shifts in their tax bills under President Donald Trump’s “big beautiful bill.” The sweeping legislation delivers several key tax breaks, including no federal income tax on some tips and overtime pay, a car loan interest deduction, a higher state and local tax (SALT) deduction and a new “bonus”...Read more

The U.S. Department of Housing and Urban Development’s Chicago office will now oversee 65 public housing authorities in Wisconsin because of staffing shortages in the agency’s Milwaukee office.

This represents a roughly 62% increase in the number of public housing authorities the Chicago office is responsible for holding accountable to ...Read more

Nearly 600 manufacturing Daimler Truck North America employees are temporarily losing their jobs in the Charlotte, North Carolina, region.

Daimler Truck North America is temporarily laying off 573 workers update in Gaston County, according to a N.C. Worker Adjustment and Retraining Notification Act report filed Friday with the North Carolina ...Read more

Boeing’s engine fuel control switches, now the center of the investigation into the fatal Air India crash in June, have been scrutinized before.

The Federal Aviation Administration warned in December 2018 that it had received reports that those switches, designed to shut down the aircraft’s engines, were installed with the locking feature ...Read more

Starbucks will require its corporate workforce to work in the office four days a week this fall, and is offering buyouts to employees who want to leave the company.

The Seattle-based coffee giant will also force managers to relocate to corporate offices in Seattle or Toronto, ending remote options for them. Employees who aren’t managers but ...Read more

A new federal lawsuit asserts that state-owned Citizens Property Insurance Corp.’s ability to divert claims disputes to state arbitrators is unconstitutional and must be stopped.

The complaint, filed on July 10 in U.S. District Court in Miami, seeks to prohibit the so-called insurer of last resort from enforcing a binding arbitration clause ...Read more

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company is building several massive data centers to power its artificial intelligence efforts with the first one expected to come online next year.

“We’re calling the first one Prometheus and it’s coming online in ‘26,” Zuckerberg said in a post on his social ...Read more

A partial meltdown at Three Mile Island in Pennsylvania nearly 50 years ago pushed Gene Stilp into a life of activism, starting with a 1979 march on the Capitol he helped organize that drew 65,000 demonstrators and appearances by Joni Mitchell, Jackson Browne and Graham Nash.

At 75, Stilp is still at it — now protesting Baltimore-based ...Read more

The size of a typical studio apartment is 500 to 600 square feet. The studios that Riaz Capital is building around the Bay Area measure on average 300 square feet — which is on the small side, even for a standard hotel room.

But the Oakland-based developer sees micro-studios as a way to provide “affordability by design” in a state where ...Read more

SAN JOSE, Calif. — California has hit a new record for clean energy.

Solar, wind, hydropower and other carbon-free sources made up 67% of the state’s retail electricity supply in 2023, the most recent year that data is available, according to new statistics released Monday by the California Energy Commission.

The total is an increase from ...Read more

New, cheaper batteries for electric vehicles will be made in Tennessee as part of a partnership between General Motors Co. and LG Energy Solution, the companies said Monday.

Ultium Cells LLC, a joint venture between GM and LGES, plans to upgrade its Spring Hill, Tennessee, plant later this year to produce lithium iron phosphate cells beginning ...Read more

The two Republicans running for governor of Massachusetts have tapped their business connections for tens of thousands of dollars since launching their campaigns in attempts to shore up their bank accounts during the early days of the 2026 election, according to state data.

Mike Kennealy, a former state housing and economic development ...Read more