Business category, Page 9
Apple closes in on $4 trillion valuation as data shows strong demand for iPhone 17
Apple shares surged to an all-time high on Monday, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone. Data from research firm Counterpoint showed the iPhone 17 series outperformed its predecessor in early...
Amazon says AWS cloud service is back to normal after outage disrupts businesses worldwide
Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web’s most popular apps such as Snapchat and Reddit. Still, Amazon said some AWS services had a backlog of messages that...
Rankin wine lounge, Mary’s Vine, closing at end of October
A Rankin wine lounge and restaurant will close its doors at the end of the month. Mary’s Vine, which opened along Kenmawr Avenue in 2019, posted its farewell announcement to social media. “We are deeply grateful for your support, your friendship and the memories we’ve created together,” the post said....
‘Sky’s the limit’ for workers at New Stanton’s Amazon warehouse
Inside Amazon’s massive 1.1 million-square-foot New Stanton warehouse, a constant hum of moving parts and people fills the air as packages travel along a seemingly endless matrix of metal rollers. The decidedly modern facility, with a nonstop flow of packages, has an equally large appetite for workers. TribLive received an...
Female business leaders share their stories at Women Shaping Our Region event
They are the Rosie the Riveters of today — strong women who, like the cultural female icon with the red-and-white bandana and arm flexed, are symbols of strength and resilience. Six women leaders in their fields took center stage at the DoubleTree by Hilton Hotel Pittsburgh-Cranberry on Friday for the...
Trump says 100% tariffs on China not sustainable
WASHINGTON — President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports. Asked whether such a high tariff was sustainable and what that...
Leda Health, a Pittsburgh company that makes at-home rape kits, settles false claims lawsuit
The Pennsylvania Attorney General’s Office on Thursday announced a settlement with a Pittsburgh company that sells at-home rape kits. Under the terms of the settlement, Leda Health must provide a written warning that its products do not meet the same standards as hospital-based evidence collection services. The state sued Leda...
U.S. rejects bid to lease coal from public lands in Utah as sales in western states fall flat
BILLINGS, Mont. — Federal officials rejected a mining company’s bid for more than 6 million tons of coal beneath a national forest in Utah, marking the third proposed coal sale from public lands in the West to fall through this month, the Interior Department disclosed Thursday. The failed sales mark...
John Dorfman: Step into the shadows and take a peek at my Purloined Portfolio
Do you keep an eye on your competition? Of course you do. Competition research is common sense. When you think a competitor has a great idea, adopt it or adapt it. In that spirit, once a year I compile a Purloined Portfolio, consisting of one stock from each of five...
AHN signs deal to pull Heritage Valley hospitals into its network
Allegheny Health Network and the much smaller Heritage Valley Health System have signed a merger agreement, marking the latest push by the Pittsburgh region’s biggest hospital systems to expand their reach. Officials on Thursday announced the deal, which requires state and federal government approval. It would bring Heritage Valley hospitals...
Pittsburgh City Paper ends weekly print editions
Pittsburgh City Paper on Wednesday announced it is cutting its weekly print edition. Executive Editor Ali Trachta in a letter posted to the paper’s website said the alternative newspaper would continue posting content online and social media pages and will publish four print editions annually. “Like many newspapers — especially...
A year after their union vote, Greco Steel workers continue contract struggle
Several dozen workers and supporters were met with locked doors at Greco Steel’s Springdale headquarters on Wednesday as some employees continued their yearlong struggle for a contract with the company. The nine workers won a narrow vote — 9-7 — to join the Iron Workers International Union last October. Still...
BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
An investor group, including BlackRock and Nvidia, will buy Aligned Data Centers from Macquarie Asset Management in a deal worth $40 billion, the companies said Wednesday, as AI infrastructure expansion powers on. The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology,...
Heights Plaza in Harrison on the market for $16M
The Heights Plaza shopping center in Harrison is for sale. The 30-acre property, owned by New York-based Benbrooke Realty Investment Co., is on the market for $16 million, according to a listing on LoopNet.com. Rich Lubkin of Benbrooke did not return TribLive calls or email requests for comment. The sale...
Meta tightens teen safeguards on Instagram with PG-13-style content filters
Instagram will limit what users under 18 can see on the platform using filters inspired by the PG-13 movie rating system, in the latest step by its parent Meta to address criticism that it has not done enough to protect teenagers online. Modeled on the Motion Picture Association’s ratings, the...
Fed’s Powell say end of balance sheet drawdown may be nearing
Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view. Given the central bank’s long-running goal of leaving enough liquidity in the financial system to...
Why your Halloween candy is costing more this year
Bonnie Ostrowski rolled out of Sam’s Club at Pittsburgh Mills pushing a cart full of Halloween goodies. “I got three grandkids who live with me … that’s why the cart looks the way it does,” Ostrowski said about the bulk-sized packages of candy she purchased recently. Ostrowski, a retiree from...
Analysis: How the United States is eating Trump’s tariffs
U.S. companies and consumers are bearing the brunt of the country’s new import tariffs, early indications show, contradicting assertions by President Donald Trump and complicating the Federal Reserve’s fight against inflation. Trump famously predicted that foreign countries would pay the price of his protectionist policies, wagering that exporters would absorb...
Treasury chief says government shutdown is hitting economy
The U.S. federal government shutdown is starting to impact the nation’s economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day. “This is getting serious. It’s starting to affect the real economy,” he told Fox Business Network’s “Mornings with Maria” program, without offering more...
Sewickley-based Inca Brands creates fashionable, functional looks made of alpaca
When Kim Brooks opened an email in 2006 asking for sock donations for troops in Iraq, she didn’t hesitate. The request came from The Sock Brigade, a project launched by an Oregon alpaca farmer after her Army sergeant son told her his unit needed warm alpaca socks for the bitter...
Beijing blames U.S. for raising trade tensions, defends rare earth curbs
BEIJING/HONG KONG — China called President Donald Trump’s latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products. Trump on Friday responded to Beijing’s most recent export controls by imposing...
Partisan shutdown standoff ignores key risk to U.S. stability: rising national debt
WASHINGTON — The ongoing shutdown debate between Democrats and President Donald Trump’s Republicans is largely avoiding the difficult fiscal issues clouding the country’s future — the rising national debt and the long-term financial health of Social Security and Medicare. The fifteenth partial federal government shutdown since 1981 has been sparked...
Plans to raze Monroeville Mall surprise industry leaders
Monroeville Mall has inspired a book and is featured in movies, including George Romero’s “Dawn of the Dead.” That prominence may not spare it from demolition. A state funding request made public last week indicates its owner, Walmart, plans to tear down and rebuild on the property it bought in...
Pottery shop in Pleasant Unity noted as among nation’s best in House Beautiful
A Pleasant Unity pottery studio opened in answer to a retired physician’s passion for pottery has been named to House Beautiful magazine’s list of the best home stores in America. The store, fdp Studio Shop on Main Street, features pottery created by Francis DeFabo complemented by home decor curated by...
Major U.S. online retailers remove listings for millions of prohibited Chinese electronics
The chair of the Federal Communications Commission said Friday major U.S. online retail websites have removed several million listings for prohibited Chinese electronics as part of a crackdown by the agency. FCC Chair Brendan Carr said in an interview the items removed are either on a U.S. list of barred...
