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JOSE CARLOS FAJARDO/Bay Area News Group/TNS

US consumer confidence drops on broad concerns about economy

Business / Business News /

U.S. consumer confidence unexpectedly declined in June, underscoring lingering anxiety about the potential impacts on the economy and job market from higher U.S. import duties.

The Conference Board’s gauge of confidence decreased 5.4 points to 93, data showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists.

A...Read more

Stacey Wescott/Chicago Tribune/TNS

Illinois must build 227,000 units in 5 years to keep up with housing demand, report finds

Business / Business News /

Illinois has a shortage of about 142,000 housing units and must build 227,000 in the next five years to keep pace with demand, a number that would require recent annual production rates to double, according to a new economic study.

The joint study published Tuesday by the Illinois Economic Policy Institute and the Project for Middle Class ...Read more

Dreamstime/Dreamstime/TNS

Job hunting firm CareerBuilder + Monster files bankruptcy

Business / Business News /

CareerBuilder + Monster, a firm that brought together early trailblazers in online job recruiting, filed for bankruptcy protection in Delaware as business continues to shrivel.

The company said Tuesday it started a Chapter 11 process to facilitate a sale of the operations, according to a statement. The firm had estimated liabilities between $...Read more

Chip Somodevilla/Getty Images North America/TNS

Layoffs from Trump tariffs ripple across the auto-parts industry

Business / Business News /

Elena Morales, the president of SMT Automation, had been preparing for a big year at the tiny Michigan maker of manufacturing machinery.

Morales had purchased a new building and hired staff in anticipation of installing more equipment on automotive assembly lines. Her customers, who are some of the biggest automakers and parts suppliers in the...Read more

PATRICK T. FALLON/AFP/Getty Images North America/TNS

Michael Hiltzik: Claiming a historic gain in blue-collar wage growth, Trump shows how to use statistics to mislead

Business / Business News /

You may have seen an eye-opening statement recently from the Trump White House crowing about its success in pushing up "blue-collar wage growth."

The statement was headlined: "Blue-Collar Wage Growth Sees Largest Increase in Nearly 60 Years Under Trump." It purported to track real wages for hourly workers during Trump's first five months in ...Read more

Alejandro A Alvarez/The Philadelphia Inquirer/TNS

These online resellers bring in hundreds of dollars a month. Here's how they do it

Business / Business News /

PHILADELPHIA — In Society Hill, Angela Tate makes an extra $200 a week on average, on top of her full-time job.

Across the river in Haddon Heights, New Jersey, Katie Repko brings in about $500 to $700 a month while taking care of a newborn.

In Philadelphia's Far Northeast, Kristin Doll made $75 in minutes — with just a photo of a ...Read more

Alejandro Tamayo/The San Diego Union-Tribune/TNS

As ICE raids intensify, how do employers know if their workers are legal?

Business / Business News /

SAN DIEGO — Hours after the surprise raid this month at Buona Forchetta, an Italian restaurant in the city's South Park neighborhood, where masked and armed U.S. immigration agents handcuffed employees and eventually took four workers into custody, a still rattled Matteo Cattaneo was trying to process what had happened to his business — and ...Read more

Ken Wolter/Dreamstime/TNS

Hair care company John Paul Mitchell to move headquarters from California to Texas

Business / Business News /

The hair care manufacturer John Paul Mitchell Systems has become one of the latest companies to relocate its headquarters from California to Texas.

The company behind brands including Tea Tree and Clean Beauty is moving to Dallas. It was formerly headquartered in Beverly Hills and Century City and has an operations facility in Santa Clarita.

...Read more

Clarence Tabb Jr./The Detroit News/TNS

New Stellantis CEO Antonio Filosa to keep North America oversight, work from Auburn Hills

Business / Business News /

Stellantis NV's new CEO officially began his new role Monday by making limited changes to the transatlantic automaker's senior leadership and indicating a significant shift stateside in the company's center of gravity.

Antonio Filosa will continue to manage directly the automaker's North American operations and oversee its traditional U.S. ...Read more

Ray Chavez/Bay Area News Group/TNS

Tesla robotaxi incidents draw scrutiny from US safety agency

Business / Business News /

U.S. auto safety regulators are looking into incidents where Tesla Inc.’s self-driving robotaxis appeared to violate traffic laws during the company’s first day offering paid rides in Austin.

The U.S. National Highway Traffic Safety Administration is aware of the incidents that were captured in videos posted on social media and is gathering...Read more

Stuart Cahill/Boston Herald/TNS

Critics fear tall towers turning downtown Boston into Manhattan

Business / Business News /

BOSTON — Critics of a proposed Boston zoning plan are fuming over new regulations that they say will “Manhattanize” the city’s historic downtown with shadow-casting 700-foot skyscrapers.

Downtown Boston Neighborhood Association representatives say the administration of Mayor Michelle Wu “blindsided” them with the final draft of a ...Read more

Elizabeth Robertson/The Philadelphia Inquirer/TNS

Insomnia Cookies plans to open 1,500 stores in the next 10 years

Business / Business News /

Insomnia Cookies plans to add 1,500 new stores across the country in the next decade, according to its founder.

Seth Berkowitz, who founded the late-night cookie delivery business in 2003 as a student at the University of Pennsylvania, said in a recent interview that Insomnia’s presence in the United Kingdom and Canada was also growing with ...Read more

General Mills/TNS/TNS

General Mills launching Blue Buffalo fresh pet food nationwide

Business / Business News /

General Mills learned some valuable lessons about fresh dog food after Blue Buffalo tested the concept a few years ago at a handful of retailers.

First, the good boys and girls love it.

“They literally will stand in front of a refrigerator and ask for the food again,” CEO Jeff Harmening said.

Second, it would take some effort to make it ...Read more

Bob Daemmrich/ZUMA Press Wire/TNS

Tesla shares jump most in two months on robotaxi service launch

Business / Business News /

Tesla Inc. shares climbed after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon Musk sees as a transformative new business line.

The first robotaxi trips were limited to a narrow portion of Tesla’s hometown of Austin on Sunday, with an employee sitting in the front ...Read more

Walbridge/Ford Motor Company/TNS

Ford to 'stick behind' Michigan battery plant as budget bill threatens tax credit

Business / Business News /

MARSHALL, Michigan — Lisa Drake, Ford Motor Co.'s vice president of Technology Platform Programs and EV Systems, said the automaker is sticking behind its $3 billion investment in south-central Michigan for a new battery plant that's 60% completed, after the company's leaders said a proposed federal budget could put the site "in peril."

...Read more

Antonio Perez/Chicago Tribune/TNS

Jewel-Osco pharmacy division argues National Labor Relations Act unconstitutional

Business / Business News /

Jewel-Osco’s pharmacy division argued this month that the structure of the National Labor Relations Board, the body that enforces federal labor law in the U.S., is unconstitutional.

The company joins a lengthy and growing list of employers including SpaceX, Amazon, Trader Joe’s, the University of Southern California, the dating app Grindr ...Read more

Tesla shares jump most in two months on robotaxi service launch

Business / Business News /

Tesla Inc. shares climbed after the automaker rolled out its long-promised driverless taxi service to a handful of riders, a modest debut for what Elon Musk sees as a transformative new business line.

The first robotaxi trips were limited to a narrow portion of Tesla’s hometown of Austin on Sunday, with an employee sitting in the front ...Read more

DREAMSTIMES/TNS

Why long-term CDs can be a smart choice in any rate environment

Business / Business News /

Whether interest rates are rising, falling, or holding steady, long-term certificates of deposit (CDs) can play a valuable role in your financial strategy. While timing the market perfectly is impossible, understanding the benefits of long-term CDs can help you make better decisions about when and how to incorporate them into your savings plan. ...Read more

Antonio Perez/Chicago Tribune/TNS

Bitcoin mining: A beginner's guide to how it works

Business / Business News /

Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of Bitcoin.

Bitcoin is one of the most popular types of cryptocurrencies, which are digital mediums of exchange that exist...Read more

Mario Tama/Getty Images North America/TNS

About 78% of Americans say they're uncomfortable investing in Bitcoin or other cryptocurrencies. Here's why

Business / Business News /

Despite all the hype around cryptocurrency, the vast majority of Americans say they’re uncomfortable investing in it, according to Bankrate’s 2025 Long-Term Investment Survey. Nearly 4 in 5 Americans (78%) say they’re not comfortable putting their investment dollars in crypto.

So, what might be making Americans uncomfortable with ...Read more