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Dreamstime/TNS/TNS

NYC's Rent Guidelines Board, in unusual move, lowers proposed increases as mayoral election heats up

Business / Business News /

New York City's Rent Guidelines Board lowered the range of potential rent increases for some 2 million New Yorkers in an unusual redo vote on Tuesday — a move that comes as the issue of freezing rents has taken center stage in the contentious mayoral race.

The board reduced the proposed range of increases for rent-stabilized tenants with two-...Read more

Robin Buckson/The Detroit News/TNS

This Michigan border town is missing Canadian shoppers amid Trump's tariffs

Business / Business News /

PORT HURON, Michigan — Not long ago, Canadian shoppers were a familiar sight in shops and restaurants just across the U.S. border in Port Huron. In recent weeks, they’re showing up less often, a shift many attribute to tensions with the Trump administration.

Tariffs and political remarks, including President Donald Trump’s repeated ...Read more

Richie Lomba/Dreamstime/TNS

IRS Direct File will be cancelled if Republican tax bill becomes law

Business / Business News /

The $3.8 trillion Republican tax bill that just passed the House includes a provision to kill off the popular IRS Direct File program, which lets people file their federal income tax returns for free online.

The bill still needs to pass the Senate to become law, but if the bill is enacted as currently written, the Direct File program is slated...Read more

Tyger Williams/The Philadelphia Inquirer/TNS

Transit cuts would pose an 'existential threat' to Philadelphia's Center City, business owners say

Business / Business News /

PHILADELPHIA — At Reading Terminal Market, CEO Annie Allman says, there’s a common refrain among merchants during bad weather: “If SEPTA is running, the market is open.”

Now, Allman said, the phrase seems foreboding. What will happen if SEPTA reduces service, eliminating dozens of bus and Regional Rail lines?

She is “horrified” by ...Read more

Jim Watson/AFP/Getty Images North America/TNS

US consumer confidence jumps most in four years on trade truce

Business / Business News /

U.S. consumer confidence rebounded sharply in May from a near five-year low as the outlook for the economy and labor market improved amid a truce on tariffs.

The Conference Board’s gauge of confidence increased by 12.3 points to 98, marking the biggest monthly gain in four years. The figure exceeded all estimates in a Bloomberg survey of ...Read more

Dreamstime/Dreamstime/TNS

Motormouth: Rent a car or drive our own?

Business / Business News /

Q: We have a 2022 Lincoln Corsair that we purchased last May. We will be driving from Virginia to Cape Cod on a 10- or 12-day venture soon. My wife thinks it would be a good idea to rent a car for the trip rather than putting the wear and tear on our own vehicle. It is an opportunity to try other cars, maybe a hybrid, but it seems that the ...Read more

Tomohiro Ohsumi/Getty Images North America/TNS

Trump backing for Nippon Steel deal comes with big questions

Business / Business News /

After more than 17 months of lobbying and close-fought negotiations to secure control of United States Steel Corp., Japan’s Nippon Steel Corp. appeared on Friday to have received a presidential blessing.

Days later, however, investors, executives and diplomats are still unsure of what exactly the U.S. president endorsed.

Donald Trump ...Read more

Tomohiro Ohsumi/Getty Images North America/TNS

Trump approves 'planned partnership' between US Steel and Japan's Nippon Steel

Business / Business News /

President Donald Trump said Friday that he has approved a “planned partnership” between U.S. Steel and Nippon Steel, appearing to greenlight a proposed merger first announced in December 2023.

In a post on his social media site Truth Social, Trump heralded the deal that would keep U.S. Steel in America and its headquarters in Pittsburgh —...Read more

Mel Melcon/Los Angeles Times/TNS

Louis Vuitton bets big on Rodeo Drive with new Frank Gehry-designed store

Business / Business News /

LOS ANGELES — Louis Vuitton is gearing up to go over the top again in Beverly Hills.

With plans for an ultra-opulent hotel on Rodeo Drive stymied by voters two years ago, the Paris fashion house's owners are back with a proposal for a theatrical flagship store designed by architect Frank Gehry that would anchor the north end of the famous ...Read more

Anna Webber/The Wict Network/Getty Images North America/TNS

Disney vs. YouTube. The fight for talent heads back to court

Business / Business News /

In the last several years, YouTube has become an increasingly formidable competitor to streaming services and entertainment studios, providing videos from amateur and professional creators, as well as livestreaming major events and NFL games.

Now its growing threat to studios is headed to the courts.

The Google-owned platform recently poached ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Lexus LX700h is big, brawny and ready for everything

Business / Business News /

While automakers continue to offer larger and larger vehicles, Lexus has no problem touting its ever-popular LX. The long-lasting success of the big-fleet Lexus models needs no introduction and has been around for years.

This week we're testing the 2025 Lexus LX700h Overtrail. Wrapped in Nori Green Pearl, the seven-seater off-road powerhouse ...Read more

Handout/American Honda Motor/TNS

Auto review: Hello mudder: The 2026 Honda Passport Trailsport is ready for rough stuff

Business / Business News /

PALMAS DEL MAR, Puerto Rico — Among my earliest memories of driving was riding my Honda Z50s mini-bike along backwoods trails at 11 years old. These bikes were easy for a novice to handle and incredibly fun to ride. They withstood anything us neophyte drivers could dish out. Fast forward a few decades and you have to wonder why, given Honda’...Read more

Antonio Perez/Chicago Tribune/TNS

Chicagoland Italian beef chain Buona eyes multistate expansion

Business / Business News /

If you’re wondering what to get that special someone for National Italian Beef Day, the annual giardiniera-fest coming up Saturday, consider a different kind of combo: beef and ice cream.

Buona, the homegrown Italian beef chain that created the red-letter day 10 years ago, officially opened its 32nd Chicago-area restaurant this week in Gurnee...Read more

Chip Somodevilla/Pool/AFP/Getty Images North America/TNS

Apple is back in Trump's crosshairs over where iPhones are made

Business / Business News /

Apple Chief Executive Tim Cook can’t seem to catch a break.

Last month, Apple appeared to secure a major win when the Trump administration agreed to remove tariffs on certain electronics imported from China following concerns that the prices of smartphones and computers could rise.

But Trump threw Apple another curveball this week when he ...Read more

Glen Stubbe/Minnesota Star Tribune/TNS

Before Gov. Walz tussled with Elon Musk, Tesla supercharged Minnesota's EV market

Business / Business News /

Gov. Tim Walz has gloated publicly about Tesla’s business troubles in his political spat with Elon Musk, once even saying he got “a little boost” from the company’s falling stock price. No automaker, however, has been more important for Walz’s goal to convince Minnesotans to buy electric vehicles.

Though still modest, the EV market ...Read more

Henry Payne/The Detroit News/TNS

Auto review: Hands-free in the Caddy 'Baby Escalade' Vistiq

Business / Business News /

The Baby Escalade is Cadillac’s most mature electric vehicle.

The Vistiq is the fifth and final piece in the GM luxury brand’s EV squadron and, at $79,290, its combination of size, speed and tech make it the best value of the quintet. That value is relative as Caddy’s EV lineup makes a big move to the ultra-luxury EV market (led by its $...Read more

Jim Watson/Getty Images North America/TNS

Trump's R&D funding cuts create job drought for scientists

Business / Business News /

U.S. job openings in research and development are plunging as the Trump administration ramps up funding cuts to government agencies, private contractors and universities, leaving some of the nation’s brightest minds scrambling to find work.

Scientific research and development job postings are down 18% since President Donald Trump took office ...Read more

Anthony Souffle/Minnesota Star Tribune/TNS

Amazon suspends Minnesota data center as lawmakers plan to reduce Big Tech tax breaks

Business / Business News /

Amazon says it has suspended plans for a massive data center in Becker, Minnesota, an announcement that comes after state lawmakers and Minnesota Gov. Tim Walz said they will reduce tax breaks for these projects.

The Seattle-based tech giant said in a statement that it moved ahead with the project initially based on how quickly it thought it ...Read more

K.M. Cannon/Las Vegas Review-Journal/TNS

Wynn Resorts fined $5.5M for illegal scheme to recruit high-rollers

Business / Business News /

The Nevada Gaming Commission on Thursday fined Wynn Resorts Ltd. $5.5 million to settle a complaint, the third major fine against a Strip property for failed oversight of illegal gambling this year.

Commissioners voted 4-1 to approve a stipulation of settlement. Commissioner Rosa Solis-Rainey cast the lone vote against approval, believing the ...Read more

Justin Sullivan/Getty Images North America/TNS

Another 'Hot Coffee Case'? Nevada resident sues after being burned by coffee at McDonald's drive-thru

Business / Business News /

A woman is suing McDonald’s after an employee spilled “scalding hot” coffee into her lap at a drive-thru of a Henderson restaurant, reminiscent of the 1992 landmark “Hot Coffee Case.”

Nevada resident Ranisha Asberry is suing McDonald’s Corp. after an employee did not properly seal the lid of her hot coffee, causing the liquids to ...Read more