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Wells Fargo executive barred from leaving China, as bank suspends travel there
Wells Fargo has suspended all employee travel to China after a U.S. executive was barred from leaving the country last week due to “a criminal case,” several national news outlets have reported.
China blocked Wells Fargo banker Chenyue Mao, a Shanghai-born managing director based in Atlanta, from leaving the country because “she is ...Read more

Jonathan Lansner: 19% of California houses are owned by investors
Relatively speaking, California is not a hot spot for housing investors.
That’s a conclusion from my trusty spreadsheet’s review of data on investor activity across the nation from BatchData, a small data tracker that digs deeper into property records than many traditional real estate analysts.
BatchData reviewed California ownership ...Read more

Americans are paying for Trump's tariffs, not foreign companies
Who’s paying for Donald Trump’s tariffs? So far, American businesses and consumers.
General Motors Co. was the latest U.S. company to disclose how the levies are raising costs, with the automaker saying Tuesday that the duties dented profits by more than $1 billion as it chose to absorb the blow. That helps explain why car prices didn’t ...Read more

H-1B visa: Trump administration signals major change for controversial foreign-worker program
The administration of President Donald Trump plans to change the criteria for awarding the controversial H-1B visa, intended for foreign workers with specialized skills, and heavily used by Silicon Valley technology companies. But the nature of the change remains unclear.
U.S. Citizenship and Immigration Services on Thursday notified the ...Read more

LA Times owner intends to take newspaper public in coming year
The owner of the Los Angeles Times said Monday he would "take the paper public" in the next year.
In an interview on "The Daily Show With Jon Stewart," Dr. Patrick Soon-Shiong said the move would allow The Times "to be democratized and allow the public to have ownership of this paper."
He did not provide specifics about how the deal would work...Read more

For months, Amazon overcharged residents of one San Diego neighborhood
SAN DIEGO — Amazon is refunding sales tax overcharges to customers in Del Mar Heights, thanks to a campaign led by a retired doctor who contacted The San Diego Union-Tribune and sounded the alarm on the NextDoor social media platform.
Del Mar Heights, a neighborhood in the city of San Diego, shares the 92014 ZIP code with the city of Del Mar,...Read more

Microsoft flaw 'opens the door' for hackers. It will be hard to close
Waves of cyberattacks are hitting a commonly used Microsoft product, compromising dozens of organizations around the world.
The hackers exploited a vulnerability in Microsoft SharePoint, an internet-based app primarily used by government agencies and private companies for internal documents and records. The company alerted customers to the ...Read more

After years of 777X line delays, Boeing's new freighter hits milestone
With just one drill hole, Boeing has officially begun production for the newest member of its 777X family: the 777-8 freighter.
Roughly 100 Boeing employees gathered Monday in one of the company’s Everett, Washington, factories to cheer on a robotic arm and its human operator as the machine drilled a hole in a wing spar bound for the new ...Read more

In-N-Out owner Lynsi Snyder says she is leaving California
For more than 75 years, In-N-Out Burger has been a pillar of California fast-food culture, its Double-Doubles and palm tree logos becoming fixtures of the West Coast landscape. But now, the family-owned chain is making a pivot eastward, with billionaire owner and Chief Executive Lynsi Snyder announcing her own departure from the Golden State.
"...Read more
The US has long wanted to sell more cars in Asia. Do Asian consumers want them?
In the early 2000s, an observant driver might have noticed an unusual sight on South Korean streets: Some of the police cars were American-made Ford Tauruses.
Although South Korean patrol cars were normally supplied locally by Hyundai or Kia, the Tauruses were there as a goodwill gesture from the South Korean government, which bought 100 of ...Read more
GM reports $3 billion in profits between April and June
General Motors Co. brought in $3 billion in adjusted pre-tax earnings between April and June, the company announced Tuesday.
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs, "reflecting minimal mitigation offsets." For comparison, GM earned close to $3.5 billion in the first three ...Read more

Ex-UAW President Ray Curry calls on Reuther Administration Caucus, criticizes current leaders
Former United Auto Workers President Ray Curry accused the current union's leadership of "fear, intimidation and retaliation" in a letter sent to retired officers and regional directors seeking interest in a video call on the future of the Reuther Administration Caucus a year out from the next Constitutional Convention.
The letter obtained by ...Read more

Tesla fans line up to get into the long-awaited Tesla Diner in Hollywood
A long line of people gathered near Elon Musk's futuristic Tesla Diner in Hollywood on Monday after he suggested it was about to open to the public.
The diner, which Musk has been planning since 2018, is set to have lots of superchargers for electric vehicles and two drive-in movie screens. The saucer-shaped structure blends a retro American ...Read more

Alaska Airlines says hardware failure led to IT outage, grounding planes
Alaska Airlines is rushing to fix a major disruption to its service after a hardware failure forced a ground stop of its planes for around three hours Sunday night.
The airline was still continuing to “get our operations back on track” as of 11 a.m. Monday, according to a statement. The SeaTac, Washington-based carrier first reported the ...Read more
Prominent Haitian businessman, former presidential hopeful arrested by ICE in South Florida
An influential Haitian businessman and controversial political power broker is being detained by the U.S. Immigration and Customs Enforcement, according to immigration court records and sources familiar with the arrest.
Pierre Reginald Boulos, an American-born entrepreneur and physician who exercised his influence through connections with top ...Read more

Too many Americans live paycheck to paycheck. This researcher has some ideas to help
For all the change constantly happening in and around the Magic City, many Miamians feel stuck.
More than half of Miami-Dade’s population lives paycheck to paycheck. They’re spinning their wheels, moving from one day to the next, hoping they avoid the health emergency, job loss, car accident or hurricane that would push them over the ...Read more

Stellantis reports $2.7 billion loss thanks to tariffs, restructuring, slow sales
Stellantis NV reported a preliminary loss of $2.7 billion (2.3 billion euro) for the first half of this year amid President Donald Trump's tariffs and as the global automaker's sales continued to sputter.
The early results — a full earnings report comes July 29 — show how the transatlantic parent of Jeep, Ram and Fiat remains deep in ...Read more

Labubu mania: Here's all you need to know about the plush craze
LAS VEGAS — A line wrapped around the Downtown Summerlin shopping center on the morning of July 12, while patrons eagerly awaited the opening of a new Pop Mart.
Most of them had one thing in mind: a Labubu.
Labubus, an elf-like plush doll, has recently exploded in popularity. Walking around the Las Vegas Valley, the dolls can be spotted ...Read more

After State Farm rate hike, Illinois legislators are pressured to provide relief
Gov. JB Pritzker wasted no time in calling on state legislators to do something about rising insurance rates after State Farm announced it was hiking homeowners insurance by 27.2% beginning this month, citing rising costs due to extreme weather events and pricier repairs.
“Enact a legislative solution during the veto session that prevents ...Read more

Some fear Chinese automakers' playbook is existential threat to US auto industry
DETROIT — Aggressive component-sharing efforts have contributed to lower cost structures at many Chinese automakers, and there's an increasing push for Western automakers to catch up.
The strategy stretches from internet-connected vehicle technologies and electric vehicle powertrain systems to actuators and even engines that once defined ...Read more
Popular Stories
- Ex-UAW President Ray Curry calls on Reuther Administration Caucus, criticizes current leaders
- Tesla fans line up to get into the long-awaited Tesla Diner in Hollywood
- Prominent Haitian businessman, former presidential hopeful arrested by ICE in South Florida
- Alaska Airlines says hardware failure led to IT outage, grounding planes
- In-N-Out owner Lynsi Snyder says she is leaving California