Business category, Page 19
Ford to invest nearly $2 billion in Kentucky assembly plant to produce electric vehicles
LOUISVILLE, Ky. — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models. The automaker’s top executive unveiled the new EV strategy Monday at Ford’s Louisville Assembly Plant...
Nvidia, AMD to pay 15% of China chip sale revenue to U.S. government
NEW YORK — Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, a U.S. government official has confirmed. President Donald Trump’s administration halted the sale of advanced computer chips to China back in April over national security concerns, but Nvidia...
A pause on higher tariffs for China is due to expire Tuesday. Here’s what to know
TAIPEI, Taiwan — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended. After the most recent round of China-U.S. trade talks, held late last month in Stockholm, Chinese and U.S. officials said they expected the...
Forging forward: As contract talks loom, union workers grapple with rift over U.S. Steel-Nippon deal
Brian Pavlack leads something of a rebel faction within the United Steelworkers union. Steelworkers for Trump, started by Pavlack ahead of the November election, gave voice to a growing number of defectors from the union’s traditional Democratic identity. The group mostly lives through Facebook, where it’s some 2,600 accounts strong,...
Instagram rolls out map feature, sparking privacy concerns
Is Instagram the new Snapchat? It seems that way, as a map feature similar to Snap Map was just launched — eliciting mixed reactions from users. instagram showing y’all location oh that’s not pic.twitter.com/Qx9n5dn7zs— kaydenciaga⋆.ೃ࿔*:･ (@i30clip) August 6, 2025 On Wednesday, Meta rolled out several new features on the social...
Trump opens door for private equity and crypto as 401(k) retirement plan options
NEW YORK — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of...
Intel’s stock tumbles after Trump says its CEO must resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your...
Union stages walkout at Derry Township’s Pace Industries; health coverage costs major issue
Union workers at Pace Industries’ Derry Township plant walked off the job early Thursday morning, after local labor leaders said talks broke down for a new contract with the facility that makes aluminum die-cast parts for customers that include Harley- Davidson and Polaris. Union President Duke Reed said members of Laborers’...
Trump to nominate top economic aide Stephen Miran to Federal Reserve board
WASHINGTON — President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment. Trump said he has named Stephen Miran, the chair of the White House’s Council...
EPA cancels $7 billion Biden-era grant program to boost solar energy
WASHINGTON — The Environmental Protection Agency on Thursday terminated a $7 billion grant program intended to help pay for residential solar projects for more than 900,000 lower-income U.S. households, in the latest Trump administration move hindering the nation’s shift to cleaner energy. The funding, part of the Biden-era’s Solar for...
Apple moves down Walnut Street in Shadyside
This weekend, a new Apple store is opening on Shadyside’s Walnut Street — just one block away from its current location at 5508 Walnut St. The new location is at 5436 Walnut St., the former site of the Gap store. The storefront is now dark brown brick, a contrast to...
Average rate on 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A...
Multiple Westmoreland communities say convention center would be a good fit
As feasibility studies for a convention center and hotel complex in Westmoreland County near completion, leaders from communities along Route 30 say that while they haven’t been contacted for information, they do have ideas about where it could be built. The Westmoreland County Chamber of Commerce in December launched a...
Trump’s broad tariffs go into effect, just as economic pain is surfacing
WASHINGTON — President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject...
Residents see 1st glimpse of proposed Springdale data center
Springdale residents got their first look at a proposed massive data center at the site of the former Cheswick Generating Station on Wednesday. At a well-attended planning commission meeting, representatives from the site’s land developer, Allegheny DC Property Co. LLC, presented their preliminary plans for what could be a massive...
United Airlines flights grounded nationwide because of technology problem
United Airlines flights on major routes were grounded Wednesday because of a technology issue, and additional flight delays were expected into the evening, the airline said. An alert on the Federal Aviation Administration website said all United flights destined for Chicago were halted at their departing airports. The agency said...
Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
WASHINGTON — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. “We’ll be putting a tariff on of approximately 100% on chips and semiconductors,” Trump said...
Consumers, long worried about the economy, now acting on concerns
Natalie Slinger’s growing family could use a bigger house and a second car. Right now, both feel out of reach. Slinger and her husband have one child in day care, which costs as much as their mortgage. They rarely eat out and limit their travel to camping. Their second child,...
‘We’re trying to disrupt an industry’: Mark Cuban touts pharmacy deal with Giant EagleVideo
Mark Cuban, the billionaire and Western Pennsylvania native now knee-deep in the pharmaceutical industry, offered strong words Wednesday toward the pharmacy benefit managers some say are bleeding drugstores dry. “Get rid of them,” Cuban said at Market District in Robinson after announcing a partnership between his company, Cost Plus Drugs,...
John Dorfman: A 12-stock Sane Portfolio for crazy times
In today’s higher-tariff world, where political and geopolitical clashes are harsh, you might want to take your stock portfolio’s risk level down a notch. Perhaps the Sane Portfolio can be of some help. This is a theoretical portfolio, intended to be slightly on the low-risk side of the risk spectrum....
Claire’s, known for piercing millions of teens ears, files for Chapter 11, 2nd time since 2018
NEW YORK — Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and...
Trump will highlight Apple’s plans to invest $100B more in U.S., raising total to $600B
WASHINGTON — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore...
WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says
WhatsApp has taken down 6.8 million accounts that were “linked to criminal scam centers” targeting people online around that world, its parent company Meta said this week. The account deletions, which Meta said took place over the first six months of the year, arrive as part of wider company efforts...
Giant Eagle partners with billionaire Mark Cuban to slash some drug prices
Billionaire Mark Cuban’s drug company has partnered with Giant Eagle pharmacies to make certain medications more affordable. As of Friday, customers across Giant Eagle’s five-state pharmacy network may be able to fill their prescriptions for less money through Cost Plus Drug’s Team Cuban Card. The company buys drugs directly from...
Tesla awards CEO Elon Musk millions of shares valued at about $29 billion
Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales, profits and its stock price. In giving its billionaire CEO 96 million in restricted shares, the...
