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BlackRock, Vanguard accused of antitrust violations by Texas

Business / Business News /

BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry.

Texas Attorney General Ken Paxton and 10 other states claim the money ...Read more

Craig Kohlruss/Fresno Bee/TNS

Questions follow massive recall of California raw milk after bird flu testing

Business / Business News /

Less than a week after California health officers confirmed a finding of bird flu virus in store-bought raw milk, state agriculture officials descended on Mark McAfee’s Raw Milk dairy “like never before” Wednesday and began collecting samples from the farm’s two herds, creamery, bulk milk tanks and trucks, according to the owner.

The ...Read more

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Microsoft faces broad antitrust investigation from US FTC

Business / Business News /

The U.S. Federal Trade Commission has opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products.

After more than a year of conducting informal interviews with competitors and business ...Read more

Kent Nishimura/Los Angeles Times/TNS

Blue-collar tech unicorn ServiceTitan files for IPO

Business / Business News /

Ara Mahdessian and Vahe Kuzoyan had a simple plan after graduating from college: Write some software that could assist their dads with all the paperwork that comes with being a contractor.

Two decades later, that idea has morphed into a Glendale, California, company called ServiceTitan, which last year served some 8,000 plumbing, HVAC, ...Read more

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Investors slam Warner Bros. Discovery with lawsuit over loss of NBA deal

Business / Business News /

Investors are calling foul over Warner Bros. Discovery's loss of its NBA media rights deal.

A lawsuit filed this week in New York federal court alleges that shareholders suffered "significant losses and damages" over the company's inability to hold onto its NBA contract, which prompted Warner Bros. Discovery to take a $9-billion write-down in ...Read more

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How to start investing in cryptocurrency: A guide for beginners

Business / Business News /

Cryptocurrencies are enormously volatile, but that volatility can create opportunities for profit if you’re looking to trade these digital assets. Cryptos such as Bitcoin and Ethereum have risen a lot since their debut — but they’ve also experienced tremendous boom-bust cycles along the way. Experienced traders have been speculating on ...Read more

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Best Buy says Trump tariffs will increase prices at a difficult time for the retailer

Business / Business News /

Shoppers waiting for the right deal to upgrade their laptop or smartphone will not want to wait past the holidays: New tariffs on products from China and other countries would mean higher prices at retailers like Best Buy next year.

President-elect Donald Trump on Monday vowed to raise tariffs on China another 10% and add 25% tariffs to goods ...Read more

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Auto industry, Michigan brace for turmoil from Trump's promised tariffs

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WASHINGTON — President-elect Donald Trump's latest promise to immediately place 25% tariffs on “ALL” imports from Canada and Mexico once he takes office would dramatically impact Michigan and the U.S. auto industry, which has built its business and supply chain around trilateral agreements for decades.

Longtime Michigan politicians and ...Read more

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Biden's Commerce Department to impose fines on Chinese golf carts

Business / Business News /

Federal officials on Tuesday said they will impose duties on imported Chinese golf carts they believe received unfair subsidies that undercut U.S. competitors, including two Georgia-based companies.

While a final judgment is not expected until June, the U.S. Department of Commerce said that, starting within a few weeks, penalties of 22% to 515%...Read more

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Trump promised big tariffs on 3 nations. What it would mean for Georgia

Business / Business News /

President-elect Donald Trump said this week he would enact steep new tariffs on three key U.S. trade partners unless certain demands were met by each as part of Trump’s expected crackdowns on drugs and border crossings by undocumented immigrants.

Tariffs, a tax on imported goods, are typically costs that are passed along by businesses to ...Read more

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Trump's proposed tariffs could bring higher prices for groceries, cars and clothing

Business / Business News /

Steep price hikes could be on the way if President-elect Donald Trump follows through on his pledge to impose sweeping new tariffs on imports from Mexico, Canada and China.

Trump threatened to implement the tariffs on the country’s top three trading partners on his first day back in office, including a 10% tariff on products coming from China...Read more

Ron T. Ennis/Fort Worth Star-Telegram/TNS

Dickies to move HQ from Texas to Southern California

Business / Business News /

Dickies, one of the best-known workwear brands in the country, will move its headquarters from Fort Worth to Costa Mesa to be with streetwear icon Vans, its sister brand.

The move represents a real estate consolidation by VF Corp., which owns Dickies and Vans as well as outdoorsy brands the North Face, Timberland and JanSport.

The decision ...Read more

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Tech review: Earbuds and phones for those on your holiday list

Business / Business News /

Everyone seems to be listening to something. I’m not sure what they’re listening to, because they all seem to be wearing headphones. I suppose they’re all listening to their favorite podcast or just their playlists.

Here are a few gift suggestions for headphones that’ll make anything sound better. I’ve listed the retail pricing, but ...Read more

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Apple Cash: How to use it to send and receive money

Business / Business News /

If you’re an iPhone user, you might not realize that you already have access to Apple Cash. It’s a digital cash card that’s built into Apple devices and can be found in the default Wallet app. (Note: You must link an eligible debit card to use this service.)

The main function of Apple Cash is to make it easier for Apple device users to ...Read more

Karen Ducey/The Seattle Times/TNS

How this Washington space company is building rockets to fly, and fly again

Business / Business News /

The countdown to launch has begun for a small Washington state company developing something long dreamed of in the space industry.

Andy Lapsa, co-founder and CEO of Stoke Space, a standout in the state’s burgeoning space technology industry, calls it “this Holy Grail of rocketry, which is fully, rapidly reusable rockets.”

At Stoke’s ...Read more

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Law firm use of data scientists grows alongside AI's challenges

Business / Business News /

WASHINGTON — Several top law firms are turning to specialists to beef up their artificial intelligence compliance practices in a way they wouldn’t with more established areas of law.

They’re hiring data scientists and technologists as they test clients’ systems for bias, ensure compliance with emerging regulations and rethink their own ...Read more

Rodger Mallison/Fort Worth Star-Telegram/TNS

Elon Musk, charged with cutting federal spending, calls Fort Worth's F-35 a waste of money

Business / Business News /

The person soon to be in charge of cutting federal spending is blasting a Lockheed Martin jet made in Fort Worth.

Billionaire Elon Musk, the man behind Tesla and SpaceX, said Tuesday, Nov. 26, on X that the U.S. should pull the plug on the Lockheed-Martin’s F-35, made in Fort Worth.

“Some US weapons systems are good, albeit overpriced, but...Read more

Miguel Martinez/The Atlanta Journal-Constitution/TNS

Rivian receives conditional $6.6-billion federal loan for plant, new models

Business / Business News /

California-based electric vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture smaller and more affordable SUVs.

The company said late Monday that the loan from the U.S. Department of Energy's Advanced Technology Vehicle ...Read more

Dania Maxwell/Los Angeles Times/TNS

Disney agrees to pay $43 million to settle lawsuit over women's pay

Business / Business News /

Walt Disney Co. has agreed to pay $43.3 million to resolve a long-running lawsuit brought by a group of female employees who alleged gender pay discrimination at the Burbank entertainment giant.

The proposed settlement was filed Monday in Los Angeles County Superior Court.

Disney did not admit fault as part of the settlement. The company has ...Read more

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Stocks hit record high on Israel cease-fire deal: Markets wrap

Business / Business News /

Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement.

Equities extended gains into a seventh straight session, with the S&P 500 notching its 52nd record this year. Shortly after oil futures settled, the U.S. said Israel ...Read more