Business
/ArcaMax

Apple renews fears about tariffs, China slump with wobbly report
Apple Inc.’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China.
The company’s shares declined as much as 4.2% in late trading Thursday after Apple released second-quarter results that included worse-than-expected sales in China. ...Read more

Amazon braces for tougher business climate amid Trump trade war
Amazon.com Inc. said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.
When it reported results Thursday, the world’s largest online retailer posted a decent first quarter but said operating profit in the ...Read more

As Trump guts federal watchdog, Pa. Gov. Josh Shapiro is streamlining the consumer complaint process
Gov. Josh Shapiro is streamlining Pennsylvania’s consumer-complaint process in the hopes of filling gaps left by a shuttered federal watchdog.
“Despite the fact that Washington is walking away from its responsibility, my administration will continue to stand up against the scammers and for fellow Pennsylvanians,” Shapiro said Thursday at ...Read more

Electronic Arts lays off hundreds of workers in latest round of cuts
Electronic Arts, the global video game company, is slashing its workforce again.
The company, based in Redwood City, Calif., has eliminated several hundred positions, including about 100 jobs at Respawn, a video game development studio based in Los Angeles.
"As part of our continued focus on our long-term strategic priorities, we've made ...Read more

Starbucks and unionized baristas locked in a wage standoff
Starbucks and thousands of its baristas are locked in a labor standoff.
More than two years after negotiations began, the union representing workers at more than 550 stores has yet to reach a contract with Starbucks.
Starbucks Workers United announced last week that worker delegates had voted to reject the coffee chain's latest proposal that ...Read more

Amid tariff turmoil, these warehouses are in big demand in LA
As steep tariffs on imports throw Los Angeles-area ports into turmoil and chill industrial property leasing, one rare type of building is suddenly in hot demand — bonded warehouses where goods can be stored without paying tariffs until they are removed.
Key personnel at bonded warehouses have to undergo background checks and the operator must...Read more

Stellantis will extend employee pricing program, joining Ford
The parent of Chrysler, Dodge, Jeep and Ram will extend a program offering employee discount pricing to customers at least until early June, dealers learned Thursday.
Stellantis NV told retailers that its "Employee Pricing for All" program will continue for this month, and those discounts can now be used on top of select other vehicle ...Read more

Salary to afford a typical Bay Area home has increased 54% since 2019
The salary needed to afford a typical home in the Bay Area just keeps climbing higher.
A homebuyer hoping to afford a median-priced home in the San Jose metro region must earn 54% more than was needed six years ago — an income of $370,000, versus $240,000 in 2019, according to a new study by Realtor.com.
That means that a buyer hoping to ...Read more

Ford posts strong sales gain in April
Ford Motor Co. recorded a 16% increase year-over-year in U.S. sales in April, the Dearborn, Michigan, automaker said Thursday, attributing the growth to its "From America, For America" employee discount pricing campaign.
On the day President Donald Trump's 25% tariffs on imported vehicles into the United States took effect in early April, Ford ...Read more

Jonathan Lansner: California home sales tumble below Great Recession low for 21 months
Call it what you want, but California’s homebuying pace remains below the Great Recession’s bottom.
My trusty spreadsheet reviewed a new set of home sales figures created for the Southern California News Group by real estate tracker Attom. These broad-based statistics track closed transactions by month and include existing and newly built ...Read more

Southwest Airlines to debut first plane with extra legroom seats
Southwest Airlines’ first plane with extra legroom seats is planned to begin serving customers Thursday, marking an initial step as the low-fare airline prepares for a slew of changes to its fleet and customer experience.
Over the rest of the year, all aircraft in Southwest’s fleet will be retrofitted to accommodate the new seats with up to...Read more
Real estate Q&A: Can I install an EV charger at my condo's assigned parking spot?
Q: My wife and I bought a condo a few years ago. Last year, we bought an electric car, only to learn that the building limits personal chargers to 14, along with the three shared chargers, for the nearly 200 parking spaces. The board informed me that the limit is due to the electrical service to the building, and upgrading the service would ...Read more

Cupertino housing project is part of a growing trend as expensive Bay Area cities want teachers to live near their schools
CUPTERTINO, California — When the time came for Gabriela Flores to apply for a new teaching job in the Bay Area, the Scotts Valley resident had her heart set on one place: Cupertino.
The city is not only home to Apple headquarters, but also boasts some of the best schools and students in the state. Flores said she felt drawn to the ...Read more

Millions of New Yorkers poised for rent hikes in range of 1.75 to 7.75 percent
New York City’s 2 million rent-stabilized tenants will almost certainly see their rents rise for the fifth year in a row after the panel charged with deciding rates approved hikes during a raucous preliminary vote Wednesday evening.
The Rent Guidelines Board agreed to a range of 1.75% to 4.75% increases for one-year leases and 4.75% to 7.75% ...Read more

Colorado and Denver told owners to cut their buildings' carbon emissions. Did the rules go too far?
It’s not that Intermountain Health refuses to upgrade its Denver hospital and medical clinics so they produce less pollution.
It’s the fact that the health system’s buildings are of different ages and sizes, and one of them — Saint Joseph Hospital — is open 24 hours a day. It’s a facility where lights and room temperature can be a ...Read more

Black South Floridians struggle to buy and keep homes in Miami's gentrifying communities
Sabrina Guillaume’s parents always urged her to invest in a home in Liberty City.
But when she started the homebuying process in early 2020 at age 24, she hit a lot of obstacles: After getting preapproved for a loan, the pandemic came, and the homes she’d been eyeing rose from the mid-$300,000s to $500,000 in a matter of months. Then there ...Read more

Google places ads inside chatbot conversations with AI startups
Google’s ad network has begun showing advertising within the flow of conversations with chatbots — part of Alphabet Inc.’s efforts to keep its edge in digital advertising as generative artificial intelligence takes off.
Earlier this year, the Google AdSense network, which traditionally displays ads in search results and in the margins of ...Read more

Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace, a federal judge said in a blistering ruling that referred the company to prosecutors for a possible criminal probe.
U.S. District Judge Yvonne Gonzalez Rogers ...Read more
US Navy awards Electric Boat another $12 billion for salaries, two submarines
The U.S. Navy announced Wednesday that it has awarded another $12.4 billion to General Dynamics Electric Boat as payment for two previously authorized Virginia class submarines, as well as salary increases for shipyard workers.
The Navy’s agreement to boost pay comes as Electric Boat hires at unprecedented levels in an effort to meet ...Read more

NC poultry farms are free of bird flu, a greenlight to expanding exports
The World Organization for Animal Health this week declared North Carolina’s commercial poultry farms bird flu-free, lifting a months-long suspension of poultry exports, according to a N.C. Department of Agriculture release.
Since January, a High Path Avian Influenza outbreak in the state’s commercial poultry flock has stopped farmers from...Read more
Popular Stories
- JPMorgan Chase's Jamie Dimon talks tariffs and the possibility of a recession
- US hiring seen slowing, with brunt of tariff impact coming later
- From port terminals to toy stores, trade war means trouble for WA economy
- A 'big scam'? The end of a shipping loophole on China goods and what it means for consumers
- Buffett to step down following 6-decade run atop Berkshire