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Ivy Ceballo/The Seattle Times/TNS

Simmering Trump trade war still hurting WA shipping, tourism

Business / Business News /

If U.S. trade policy seems to shift by the week, the economic costs for trade-dependent states like Washington are steadily piling up.

At the ports of Seattle and Tacoma, inbound container traffic dropped substantially in May as heavy U.S. tariffs on imports from China and elsewhere led to mass cancellations of shipments.

Tourism in Washington...Read more

Andrew Harnik/Getty Images North America/TNS

Tesla suffers No. 1 used-car price drop, by this math

Business / Business News /

The price of used Teslas dropped faster than any other auto brand in the past year, a new report says.

ISeeCars.com — trackers of used-car sales — says the average price paid for a used Tesla was down 8% to $30,708. The next most significant price drops were Chrysler, off 7% to $25,632, Dodge, off 6% to $33,763, Genesis, off 5% to $33,769, ...Read more

STEFANI REYNOLDS/AFP/Getty Images North America/TNS

Parmy Olson: College grads are lab rats in the great AI experiment

Business / Business News /

Companies are eliminating the grunt work that used to train young professionals — and they don’t seem to have a clear plan for what comes next.

AI is analyzing documents, writing briefing notes, creating Power Point presentations or handling customer service queries, and — surprise! — now the younger humans who normally do that work ...Read more

Michael M. Santiago/Getty Images North America/TNS

Wells Fargo no longer has growth restrictions. Its CFO outlines what's next

Business / Business News /

Just a week after the Fed removed Wells Fargo’s $1.95 trillion asset cap punishment over its fake sales scandal, the bank’s CFO detailed new growth plans.

Over the past five years, risk and control work was the bank’s top priority and took up a significant amount of time, Chief Financial Officer Mike Santomassimo said at Tuesday’s ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Nvidia CEO sees tenfold boost to Europe's AI computing power

Business / Business News /

Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.

“Europe has now awakened to the importance of these AI factories,” said Huang, whose company is supplying ...Read more

Eugene Gologursky/Getty Images North America/TNS

Venture capital investment is rising in Los Angeles -- and not just for AI startups

Business / Business News /

Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Los Angeles company that’s been around for more than two decades.

The company, DDN, helps businesses store and manage the massive trove of data that powers AI systems — the lifeblood needed for chatbots, self-...Read more

Brandon Bell/Getty Images North America/TNS

US core inflation rises less than forecast for fourth month

Business / Business News /

Underlying U.S. inflation rose in May by less than forecast for the fourth month in a row, suggesting companies are largely holding back on passing higher tariff costs through to consumers.

The consumer price index, excluding the often volatile food and energy categories, increased 0.1% from April, according to Bureau of Labor Statistics data ...Read more

Yuri Gripas/Abaca Press/TNS

US, Mexico near deal to cut steel duties and cap imports

Business / Business News /

The U.S. and Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume, according to people familiar with the matter, a revamp of a similar deal between the trade partners during his first term.

Trump hasn’t been directly involved in the negotiations and would need to ...Read more

Myung J. Chun/Los Angeles Times/TNS

Owners of damaged downtown LA businesses still support the protesters, just not the 'hoodlums'

Business / Business News /

LOS ANGELES — After four days of protests, shopkeepers in downtown Los Angeles began on Tuesday to sweep up glass, board up windows and try to make sense of the violence that erupted during the demonstrations against immigration raids near the heart of the city.

Around Little Tokyo and other downtown Los Angeles neighborhoods, workers and ...Read more

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Minnesota woman sues Delta after being punched by drunk passenger midflight

Business / Business News /

A Minneapolis woman is suing Delta Air Lines, claiming the airline is responsible for a drunk passenger assaulting her on an October flight from Puerto Rico to Atlanta.

Minnie Holmes, 72, filed a federal lawsuit last week alleging Delta flight attendants served alcoholic drinks to two passengers despite obvious signs of drunkenness. Holmes said...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing 'rolled out' 38 Max planes in May, reaching FAA production cap

Business / Business News /

Boeing delivered 45 airplanes in May and booked 303 gross orders, its largest monthly order count since December 2023.

The bulk of those orders came from Qatar Airways, which signed a deal for 120 787 planes and 30 777Xs during President Donald Trump’s visit to the Middle East last month. That deal marked the largest ever order for Boeing ...Read more

Mandel Ngan/AFP/GETTY IMAGES NORTH AMERICA/TNS

The Justice Department wants to end an agreement it reached with a Pa. bank it accused of redlining in Philly

Business / Business News /

Two years ago, the U.S. Department of Justice accused a Pennsylvania bank of redlining — avoiding lending in majority-Black and Hispanic neighborhoods in and around Philadelphia.

ESSA Bank & Trust, based in Stroudsburg, Pennsylvania, denied the accusations but entered into a settlement agreement with the federal government in which the bank ...Read more

Todd McInturf/The Detroit News/TNS

GM plans $4 billion push to move production from Mexico to US

Business / Business News /

General Motors Co. plans to invest $4 billion to move production from Mexico to three plants in the United States, including its Orion Assembly Plant in suburban Detroit, three sources familiar with the situation told The Detroit News.

Full-size SUVs and light-duty pickups are coming to Orion, which was being retooled to build electric trucks ...Read more

Arvin Temkar/The Atlanta Journal-Constitution/TNS

Groups say regulators broke state rules with praise of Georgia Power rate deal

Business / Business News /

Last month, Georgia Power and the Public Service Commission’s public interest staff announced they had struck a preliminary deal to keep the company’s current base rates steady for the next three years.

Speaking at a May 21 news conference at the state Capitol, where he was flanked by Gov. Brian Kemp, PSC Chairman Jason Shaw touted the ...Read more

Nathan Howard/Getty Images North America/TNS

Data centers prompt US to boost power-usage forecast by 92%

Business / Business News /

U.S. data centers are rapidly driving up demand for power, with the official forecast for electricity consumption next year almost doubling in the past month.

Total power usage in the U.S. is expected to climb 2.15% in 2026, spurred largely by a 5% spike from commercial users because of the expansion of data centers, according to a U.S. Energy...Read more

Henry Payne/The Detroit News/TNS

GM claims No. 2 spot in US electric vehicle sales

Business / Business News /

General Motors Co. topped crosstown rival Ford Motor Co. to take the No. 2 spot in U.S. electric vehicle sales for the first five months of 2025.

The Detroit automaker announced 62,000 EVs sold this year through May. Chevrolet carried sales among the company's brands, with 37,000 sold in the United States in that same period.

Ford sold 34,132 ...Read more

Charley Gallay/Getty Images North America/TNS

Wearing a computer on your face? Snap looks to take on rivals with new augmented reality glasses

Business / Business News /

For years, Snap has envisioned a future where people wear glasses to view and interact with computer-generated images without having to scroll through their smartphones.

The Santa Monica, California-based tech company will soon see if its multibillion-dollar bet on augmented reality glasses has paid off.

Snap said Tuesday it plans to release ...Read more

Trent Sprague/Chicago Tribune/TNS

Chicago could force Uber and Lyft to hike driver pay

Business / Business News /

Rideshare companies like Lyft and Uber could soon be forced to pay Chicago drivers more if an ordinance up for debate Thursday moves ahead, a change the companies say would cause the cost of rides to skyrocket for passengers.

Ald. Michael Rodriguez, 22nd, said his measure would make sure rideshare drivers make more than minimum wage and get ...Read more

Antonio Perez/Chicago Tribune/TNS

Thousands of Illinois workers caught in middle of transit fiscal cliff talks

Business / Business News /

CHICAGO — Illinois lawmakers ended their spring legislative session without finding a way to plug the gaping $771 million budget gap facing the Chicago region’s mass transit systems next year.

Thousands of jobs hang in the balance.

The Regional Transportation Authority has estimated that nearly 3,000 workers could lose their jobs if ...Read more

Andrew Harnik/Getty Images North America/TNS

Michigan Democrats embrace 'smart politics,' opposition to California EV mandates

Business / Business News /

WASHINGTON — Michigan's U.S. Sen. Elissa Slotkin stood out last month as the only Senate Democrat to join Republicans in voting to kill California’s influential, nation-leading electric vehicle sales rules.

Her break from other Democrats shocked industry groups — even oil and gas lobbyists — that expected a party-line result on the ...Read more