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Business category, Page 13

Pope Francis, first Latin American pontiff, dies at 88
How Elon Musk’s crusade against government could benefit Tesla
WASHINGTON — Elon Musk has long railed against the U.S. government, saying a crushing number of federal investigations and safety programs have stymied his electric car company Tesla and its efforts to create fleets of robotaxis and other self-driving automobiles. Now, Musk’s close relationship with President Donald Trump means many...
Trump once again slaps taxes on foreign steel, aluminum, a move that proved costly in his 1st term
WASHINGTON — President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term. Trump’s original metals tariffs gave America’s struggling steel and aluminum producers some relief from intense global competition, allowing...
As egg prices continue to soar, grocers like Trader Joe’s limit how many cartons customers can buy
Not only are eggs expensive because of the ongoing bird flu outbreak. Now they are getting hard to find. And even when stores do have eggs, consumers are starting to face limits on how many they can buy. Eggs have even become such a hot commodity that there have even...
Elon Musk-led group proposes buying OpenAI for $97 billion. OpenAI CEO says ‘no thank you’
LOS ANGELES — A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of...
Trump says he will announce 25% steel and aluminum tariffs, and more import duties are coming
WASHINGTON — President Donald Trump said he will announce Monday the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. “Any steel coming into the United States is going to have a...
Trump’s new strategy for U.S. Steel-Nippon provokes mixed reactions, confusion
President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business. The U.S. president mistakenly referred to Nippon Steel as “Nissan,” the Japanese automaker. But it’s Nippon Steel’s bid that generated...
Trump opposition to U.S. Steel-Nippon deal may be softening
President Donald Trump reportedly is reconsidering his stance on a U.S. Steel-Nippon Steel merger, possibly permitting the $14.9 billion deal to go through. Citing anonymous sources, CBS News reported Friday the president has softened his stance on the deal after firmly opposing it for more than a year. Late last...
Aliens, sloths and silliness: Super Bowl ads offer laughs, celebs and surprises to win over viewers
NEW YORK — Eugene Levy’s trademark eyebrows fly off for Little Caesars. A tongue dances to Shania Twain to promote Nestle’s Coffee Mate Cold Foam. And Meg Ryan and Billy Crystal reunite at Katz’s Deli in an ad for Hellmann’s. A frenzied mix of silliness and celebrities is hitting the...
Honeywell, one of the few remaining U.S. industrial conglomerates, will split into 3 companies
Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa. The company said Thursday that it will separate from its automation and aerospace technologies businesses. Including plans announced earlier to spin off its...
Breeze Airways adds summer South Carolina flights from Pittsburgh
Pittsburgh air travelers have a new direct destination available to them. Breeze Airways will start offering flights to Greenville-Spartanburg International Airport in South Carolina on Tuesdays and Thursdays in the summer, according to a Pittsburgh International Airport release. This is the 13th destination Breeze Airways offers at the Pittsburgh airport...
U.S. Postal Service flip-flops on Hong Kong-China packages, lifting a ban imposed a day earlier
HONG KONG — The U.S. Postal Service is reversing course a day after placing a ban on all inbound packages from China and Hong Kong. The post office had announced Tuesday that it would no longer accept parcels from the China and Hong Kong after the U.S. imposed an additional...
Heights Plaza owners plan resurgence: ‘Despite challenges, it can still be community center’
If the longstanding Heights Plaza Shopping Center in Harrison is going to survive, it has to change with the times. At least that’s how the plaza’s owner, New York-based Benbrooke Realty Investment Co., sees it as it plans to demolish part of the almost 70-year-old shopping center to make room...
‘No-buy 2025’ trend challenges shoppers to cut or eliminate spending
How long could you go without purchasing anything? A day? A week? A month? What about a whole year? The trend “no-buy 2025” has taken the internet by storm since the start of the new year — the latest no-spending challenge. In the spirit of decreasing consumerism, clutter and credit...
Waffle House passing along the sky high cost of eggs to diners with a 50 cent surcharge
NEW YORK — The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place due to the biggest bird flu outbreak in a decade. The 24-7 restaurant said that the resulting egg shortage has led to a dramatic increase in its costs. Bird flu is forcing...
Estee Lauder to cut up to 7,000 jobs as sales slide
NEW YORK — Estee Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics maker lost money in its most recent quarter as reported a 6% sales slump. The New York company behind such brands as MAC, La...
U.S. job openings fall to 7.6 million in December, suggesting a slowing but still healthy job market
U.S. job openings fell in December, a sign that the labor market is cooling but still healthy. Openings fell to 7.6 million, from 8.2 million in November, the Labor Department reported Tuesday. They were down from 8.9 million a year earlier and a peak of 12.2 million in March 2022...
Walmart is new owner of Monroeville Mall; interested in presence at redeveloped site
Walmart’s purchase and intent to redevelop Monroeville Mall echoes similar projects completed in Westmoreland County in the early 2000s and in Wisconsin just a few years ago. No specific plans for the 186-acre Monroeville site have been released, said Mark Rickel, director of corporate communications for Walmart. “Walmart did purchase...
Piatt Sotheby’s International Realty’s Kathe Barge opens doors for clients
People often ask Kathe Barge about her favorite homes. “It’s not about the houses,” said Barge, a Realtor with Piatt Sotheby’s International Realty in Sewickley. “It’s about the stories.” Those stories begin when a client chooses a Realtor such as Barge, who is a member of the National Association of...
China hits back with tariffs on U.S. products; launches investigation into Google
BEIJING — China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect. American tariffs on imports from Canada and Mexico were also set to go into effect...
Wall Street falls as a result of Trump’s tariffs, but not as badly as feared in the morning
NEW YORK — The threat of a punishing trade war sent Wall Street on a roller coaster Monday. After initially falling sharply on worries about President Donald Trump’s tariffs, U.S. stocks pared their losses after Mexico said it had negotiated a one-month reprieve. The S&P 500 ended up falling 0.8%...
John Dorfman: Bank of New York Mellon and Fox show value, momentum
Last year, momentum stocks were up 46%, growth stocks 36% and value stocks only 12%. As a longtime value investor, I find those figures (from S&P Dow Jones Indices) discouraging, yet also instructive. Let’s define our terms: • Momentum stocks are rising in price faster than the overall market. •...
U.S. Steel, Nippon argue in court for new federal merger review
U.S. Steel and Nippon Steel laid out their case Monday that then-President Joe Biden hamstrung a national security review to justify blocking the companies’ merger. An opening brief filed in the U.S. Court of Appeals for the District of Columbia claimed the companies had their due process rights violated when...
In Kentucky bourbon country, the newest trade war feels like a hangover that won’t go away
LAWRENCEBURG, Ky. — In the rolling hills of Kentucky where most of the world’s bourbon supply is crafted, the prospect of a new trade war feels like an aching hangover that won’t go away. Kentucky bourbon producers again find themselves in the crosshairs as a target for retaliation after President...
Super Bowl ticket prices drop for Eagles-Chiefs matchup
With less than a week until the Super Bowl, fans might be looking to score last-minute tickets. You might be in luck — ticket prices are dropping, according to reports. To watch the Philadelphia Eagles face off against the Kansas City Chiefs during Super Bowl 59, the cheapest ticket has...
Wall Street swerves lower after Trump announces tariffs and then puts some on hold
NEW YORK — Wall Street swung between sharp and more modest losses on Monday as stock markets worldwide sank on concerns President Donald Trump’s tariffs may ignite a punishing trade war. The S&P 500 was down 0.9% in afternoon trading after Asian and European indexes logged worse drops. The Dow...


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