Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.

Greg Abel, the vice chairman for non-insurance operations, will take charge of the ...Read more

The day President Donald Trump’s sweeping new taxes on U.S. imports took effect last month, JPMorgan Chase & Co. CEO Jamie Dimon told a television interviewer that a recession was “likely.”

Hours later, Trump announced a 90-day pause on some of the steepest tariffs he’d announced just a week earlier on what he dubbed “Liberation Day�...Read more

West Coast lawmakers and port officials issued stark warnings Thursday about the growing economic risks for businesses and consumers from a full-blown trade war.

“Small businesses … are telling me the situation is as dire for them as it was during COVID,” said U.S. Sen. Patty Murray, D-Wash, speaking about the impacts of President Donald ...Read more

A decades-old shipping loophole that made imported goods cheaper for customers and boosted foreign e-commerce platforms such as Shein and Temu sunsetted Friday.

The 1938 provision, called the "de minimis" exception, formerly allowed shipments under $800 to enter the U.S. duty-free. Trump last month signed an executive order eliminating the ...Read more

Spirit AeroSystems, a key Boeing supplier, is temporarily laying off workers on its 737 production line.

Spirit, based in Wichita, Kansas, builds the entire fuselage for Boeing’s 737 Max planes and the forward fuselage for most of Boeing’s other commercial aircraft. The fuselages are constructed at Spirit’s Wichita factory and then ...Read more

SAN JOSE, California — The Bay Area tech industry’s jobs sector has nosedived to kick off 2025, a plunge punctuated by layoff plans recently disclosed by a San Jose company.

Set to take effect on June 28, NetApp disclosed plans to lay off 56 workers in San Jose, the company reported in a WARN letter it sent to the state Employment ...Read more

General Motors Co. will cut a shift at the automaker's Oshawa, Ontario, truck plant this fall in response to President Donald Trump's trade war with Canada, the company said Friday.

The Detroit automaker cited lower demand and the "evolving trade environment" in its decision to pare down manufacturing at the plant, which builds Chevrolet ...Read more

As the organized labor movement marked May Day this week, fledgling unions at Seattle-area giants worried that long-stalled negotiations may be dead in the water as the National Labor Relations Board shifts under the second Trump administration.

Union activity in Washington state swelled in 2022, with workers from Seattle-area companies like ...Read more

Wall Street’s risk-on brigade pushed the S&P 500 to its longest winning streak in two decades, with scars from April’s tariff shock healing on fresh signs of US-China diplomacy.

The S&P 500 and the Nasdaq 100 rose more than 1% each on Friday, notching a second straight week of gains. A dollar index dropped. Treasuries slid, with the policy...Read more

Florida Gov. Ron DeSantis has discovered a problem with the anti-immigration policies that once made him a GOP star. Luckily he has a solution.

The problem is that chasing immigrant workers out of his state created a labor shortage in some of its most important industries, such as construction, agriculture and tourism.

DeSantis' solution? Put ...Read more

President Donald Trump has set his sights on the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing congressional Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.

Trump asked House Republicans to mandate the government health program for low-income and disabled Americans ...Read more

Advertised as a “shape and feel we’ve never seen before,” the aerodynamic 1986 Ford Taurus immediately appealed to the driving public. Ford sold more than 200,000 in its first year and more than a million in three.

And that was a good thing because Ford was in financial straits and would have gone bankrupt without it.

“It looked ...Read more

Wall Street’s risk-on brigade pushed the S&P 500 toward its longest winning streak in two decades, with scars from April’s tariff shock healing on fresh signs of US-China diplomacy.

The S&P 500 and the Nasdaq 100 rose more than 1% on Friday. A dollar index dropped. Treasuries slid, with the policy-sensitive two-year yield jumping over 10 ...Read more

“Let me tell you about the very rich," wrote author F. Scott Fitzgerald. "They are different from you and me. They possess and enjoy early, and it does something to them."

To understand that is to drive a 2025 Rolls-Royce. To appreciate cars that cost as much as a nice home in most of America is to understand a true luxury product. ...Read more

As many car buyers seek larger vehicles that can haul more people and more things, or enjoy the outdoors, others still want the average-sized SUV. And Lexus continues to deliver for this market segment with the NX 350 F-Sport.

The NX350 F-Sport is smaller than the RX class, while still larger than the recently tested UX class. It's smaller than...Read more

America’s toymakers outsourced manufacturing to China in the 1980s to cut costs. Nearly half a century later, that decision could bankrupt them.

Almost half of the more than 400 U.S. companies surveyed by the Toy Association, a trade organization, said that President Donald Trump’s 145% tariffs on goods imported from China implemented in ...Read more

SUMMIT POINT, West Virginia — At West Virginia’s premier Summit Point Motorsports complex, I wrung the 2025 Volkswagen Golf GTI’s neck through the Jefferson Circuit’s technical Turn 2-3-4-5 complex. The V-dub proved remarkably poised for an oversized shoebox.

At $33K, GTI is an appetizer to an industry performance menu that includes $...Read more

U.S. job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans.

Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were revised lower, according to Bureau of Labor Statistics data ...Read more

General Motors Co. said Thursday that it's lowering profit expectations for the year but does not plan major price hikes, a sign of lingering pain that tariffs are inflicting on the U.S. auto industry despite some relief this week from President Donald Trump.

The Detroit automaker now projects full-year adjusted earnings before interest and ...Read more

U.S. employment growth probably decelerated in April and the jobless rate held steady, illustrating healthy yet moderating labor demand entering a period when trade policy risks chilling the hiring decisions.

Nonfarm payroll growth probably decelerated to 138,000 last month after blowing away expectations in March, according to the median ...Read more