Business category, Page 9
Amazon commits to stepping up fake-review fight after U.K. watchdog’s investigation
LONDON — Amazon has pledged to beef up its fight against fake reviews, Britain’s competition regulator said Friday after an investigation into whether big online platforms are doing enough to crack down on phony online ratings for products and services. The Competition and Markets Authority said it secured the “undertakings”...
Tesla stock plunges as Musk’s feud with Trump over GOP tax bill spooks investors
Shares of Elon Musk’s electric vehicle maker fell sharply Thursday as investors feared his dispute with President Donald Trump will hurt the company. Tesla closed down more than 14% as a disagreement over the U.S. president’s budget bill turned nasty. After Musk said that Trump wouldn’t haven’t gotten elected without...
The number of Americans filing for jobless benefits last week rises to highest level in 8 months
WASHINGTON — Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy. New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor...
Fans around the world queue up in long lines for the highly anticipated Nintendo Switch 2 launch
TOKYO — Throngs of gamers stood in long lines outside of stores hours before they opened Thursday from Tokyo to New York City in hopes of snaring a long-awaited Nintendo Switch 2 video game console. Enthusiasts have been clamoring for an upgrade to Nintendo’s eight-year-old predecessor for years. Nintendo, which...
Pampers, Tide maker Procter & Gamble to cut up to 7,000 jobs as companies are buffeted by higher costs
Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers are growing anxious about the economy. The job cuts, announced...
Walmart, Sam’s Club sue Pittsburgh Mills mall owners over road conditions
Real estate trusts for Walmart and Sam’s Club are suing the owners of the beleaguered Pittsburgh Mills mall in Frazer, alleging they have failed to maintain the roads there despite being contractually obligated to do so. The lawsuit, filed Wednesday in U.S. District Court of Western Pennsylvania, asks the court...
John Dorfman: Why I’ll continue to invest in gold, at least for another year
About 14 months ago, I wrote a column about gold. “I don’t think gold is an investment for all seasons,” I wrote, “but right now, I think it’s sensible to hold some.” That turned out to be right. Gold is up about 51% since I made that recommendation, including a...
Here’s why McDonald’s is bringing back the fan favorite Snack Wrap
If McDonald’s ever doubted it needed to bring back the Snack Wrap, consider this: Nine years after the fast-food powerhouse discontinued the item in the U.S., customers have continued to order it at drive-thrus. Those customers won’t have to leave empty-handed for long. On Tuesday, McDonald’s announced that a new...
Trump’s promised steel and aluminum tariffs go into effect
NEW YORK — President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Foreign-made steel and aluminum is...
Trump promises to hike steel and aluminum tariffs to 50% starting Wednesday. Here’s what we know
NEW YORK — President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers. Foreign-made steel and aluminum is used...
UPMC reports $237 million operating income in Q1 2025
UPMC is off to a strong financial start in 2025, with both its health care and insurance services in the black last quarter for a total operating income of $237 million. The health care network made $142 million, while the insurance side — a drag on many recent quarterly reports...
Meta becomes the latest big tech company turning to nuclear power for AI needs
WASHINGTON — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced Tuesday is just...
U.S. job openings rose unexpectedly in April, a sign the American labor market remains resilient
WASHINGTON — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had...
Dollar General posts record sales as bargain stores attract more people anxious about the economy
Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty. The U.S. economy shrank at a 0.2% annual pace from January through March, the first...
Dave’s Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal
Dave’s Hot Chicken said Monday it has been acquired by the private equity firm Roark Capital in a deal valued at $1 billion. Dave’s Hot Chicken got its start in 2017 as a popup in a Los Angeles parking lot. It has grown exponentially since then and expects to end...
To prevent blackouts, Trump administration keeps an aging Pa. power plant online through summer
HARRISBURG — The Department of Energy has ordered another power plant, this time an oil and gas plant in Pennsylvania, to keep its turbines running through the hottest summer months as a precaution against electricity shortfalls in the 13-state mid-Atlantic grid. The department’s order to the grid operator, PJM Interconnection,...
Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers
Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federal lawsuit filed Tuesday in Illinois, Chicago-based Mondelez said Aldi’s packaging was “likely to deceive and confuse...
New board reimagines Sewickley Valley Chamber of Commerce
The Sewickley Valley Chamber of Commerce is in a new era. The chamber is looking to broaden and strengthen its network by reinventing itself as a hub for business growth and community success, according to its new board of directors. “Local businesses now have a powerful new advocate with the...
U.S. inflation gauge cools with little sign of tariff impact
WASHINGTON — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in...
Federal job seekers will be quizzed on Trump’s executive orders
WASHINGTON — The Trump administration is adding four essay questions to applications for civil service jobs, asking applicants about their favorite executive orders and their commitment to government efficiency. The essay requirements apply even to relatively lower-level jobs starting at the GS-5 pay scale or above — positions that can...
Already numb to tariff twists, U.S. importers see legal decisions as another price of doing business
NEW YORK — Businesses rattled by President Donald Trump’s on again, off again tariffs absorbed more jolts on Thursday after a U.S. appeals court temporarily blocked a federal court order that would have halted most of his taxes on foreign imports. A three-judge panel of the U.S. Court of International...
Nakama Japanese Steakhouse mysteriously closes in South Side
Nakama Japanese Steakhouse and Sushi Bar on East Carson Street on Pittsburgh’s South Side appears to be closed for good. Rich Cupka, owner of Cupka’s Cafe 2, which is also on East Carson Street, confirmed the news to TribLive on Thursday. Cupka said he was outside of Nakama on Tuesday...
Appeals court allows Trump to continue collecting tariffs under an emergency powers law for now
WASHINGTON — A federal appeals court on Thursday allowed President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration appeals an order striking down the bulk of his signature set of economic policies. The Court of Appeals for the Federal Circuit granted an...
Highmark ekes out $15 million margin in first quarter of 2025
Highmark Health brought in more money than it lost in the first quarter of 2025, but just barely. Financial results released Thursday show the health care and insurance provider made $15 million in operating income on $8 billion in revenue between January and March. The success, to some extent, was...
Giant Eagle to take over prescriptions from 78 Rite Aid stores
Giant Eagle will take over pharmacy prescriptions from 78 Rite Aid stores that are closing across Pennsylvania and Ohio, the supermarket chain announced Thursday. Rite Aid filed for Chapter 11 bankruptcy protection earlier this month. According to Giant Eagle, transferred prescriptions will go to locations most convenient for affected customers....
