Business

News > Business

Amazon’s Bezos, Jassy deleted chats amid FTC antitrust probe

UPDATED: Fri., April 26, 2024

Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.

News > Business

US consumer sentiment falls as inflation expectations climb

UPDATED: Fri., April 26, 2024

US consumer sentiment fell in April on dimmer views of personal finances and the economy as inflation expectations climbed.

News > Business

The first big-rig hydrogen fuel station in the US opens in California

UPDATED: Fri., April 26, 2024

The first commercial hydrogen fuel station for big-rig trucks in the U.S. is up and running at the Port of Oakland, a baby step toward what hydrogen proponents see as a clean new future for long-haul trucking.

News > Business

‘The bane of retail.’ To prevent theft, many big chains now lock up all kinds of merchandise

UPDATED: Fri., April 26, 2024

Detergent and deodorant, toothpaste, the entire shampoo aisle. "It's all locked up," Corey Potter sighed, describing shelves encased behind security glass at a Target near her home in Los Angeles' Echo Park neighborhood. "I hate it."

News > Business

Spokane Valley hydrogen fuel company explains layoffs

UPDATED: Fri., April 26, 2024

Plug Power Inc., a firm that supplies hydrogen fuel to companies like Amazon, Walmart and Home Depot, recently announced it will soon lay off dozens of employees.But the New York-based company’s Inland Northwest presence will remain.

News > Business

Express bankruptcy leads to closure of Spokane store

UPDATED: Thu., April 25, 2024

Popular retailer Express Inc., which filed for bankruptcy on Monday, will soon close 95 locations across 20 states, including its store in Spokane's NorthTown Mall.

News > Business

U.S. solar companies, imperiled by price collapse, demand protection

UPDATED: Thu., April 25, 2024

Several of the biggest American solar manufacturing companies are demanding aggressive action against cheap imports, arguing in a petition filed Wednesday with the Commerce Department that firms in four Asian countries are illegally flooding the U.S. market with Chinese-subsidized panels.

News > Business

The Dirt: South Hill Home Depot project devloping

UPDATED: Fri., April 26, 2024

An application to construct a Home Depot on the South Hill has been received by the city of Spokane.

News > Business

It’s official: Micron to get $6.1 billion in federal subsidies. Plus, it plans 3rd plant

UPDATED: Fri., April 26, 2024

Micron has inked a deal for $6.1 billion in subsidies from the federal government to help pay for its chip-making plants in Boise and New York state, the Biden administration announced Thursday.

News > Business

American Air sees return to profit on summer travel demand

UPDATED: Thu., April 25, 2024

American Airlines Group Inc. expects a return to profit heading into the busy summer travel season after bad weather and delays linked to air traffic congestion weighed on the carrier’s early-year results.

News > Business

Buying and selling a home will change soon. Here’s what you need to know.

UPDATED: Thu., April 25, 2024

Starting in July, the real estate industry is bracing for a sweeping shake-up thanks to a $418 million settlement offered by the National Association of Realtors to overhaul its long-entrenched commission structure for agents and pay compensation to the sellers and real estate brokerages who sued.

News > Business

U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown

UPDATED: Thu., April 25, 2024

U.S. economic growth slowed in the first three months of the year, with gross domestic product growing at an annualized rate of 1.6 percent, as consumers began gradually pulling back.

News > Business

Hertz reports $392 million loss as it unwinds Tesla fleet

UPDATED: Thu., April 25, 2024

Hertz Global Holdings Inc. reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla Inc. models that have weighed on profits for the past year.

News > Business

How to avoid going broke soon after starting a business

UPDATED: Fri., April 26, 2024

For small companies, growth opportunities can put owners in a position where they are reluctant to pay themselves.

News > Business

Survey: More than 1 in 3 Americans will vacation into debt

UPDATED: Fri., April 26, 2024

A new Bankrate survey found that only about half (53%) of Americans are planning a summer vacation in 2024. Of those who plan to travel this summer, more than 1 in 3 (36%) are willing to go into debt to pay for it.

News > Business

Mortgage rates continue upward climb

UPDATED: Fri., April 26, 2024

The average mortgage interest rate for a standard 30-year fixed mortgage last week was 7.29%, an increase of 0.09 percentage points from the previous week’s 7.20%.

News > Business

Airlines must now pay automatic refunds for canceled flights

UPDATED: Wed., April 24, 2024

Airlines will now have to provide automatic refunds to travelers if flights are canceled or significantly altered under new U.S. Department of Transportation rules, a significant change for consumers that could drive up costs across the industry.

News > Business

Amazon’s Prime Video and Netflix are crashing TV’s ad-selling party

UPDATED: Wed., April 24, 2024

Over the last decade, streaming video platforms have gradually siphoned away viewers from traditional TV networks. But next month, they will be confronting the legacy outlets on their own turf — by going directly for their advertising dollars.

News > Business

Why Disney is doubling down on theme parks with a $60 billion plan

UPDATED: Wed., April 24, 2024

Over the decades since Walt Disney opened his first theme park in 1955, the company's tourism business has ballooned to an enterprise worth tens of billions in yearly sales, with sprawling locations in Anaheim, Orlando, Paris, Shanghai, Hong Kong and Tokyo.

News > Business

FTC chief says tech advancements risk health care price fixing

UPDATED: Wed., April 24, 2024

New technologies are making it easier for companies to fix prices and discriminate against individual consumers, the Biden administration’s top consumer watchdog said Tuesday. Algorithms make it possible for companies to fix prices without explicitly coordinating with one another, posing a new test for regulators policing the market, said Lina Khan, chair of the Federal Trade Commission, ...

Featured Stories

It’s official: Micron to get $6.1 billion in federal subsidies. Plus, it plans 3rd plant

Latest Stories

Amazon’s Bezos, Jassy deleted chats amid FTC antitrust probe

US consumer sentiment falls as inflation expectations climb

The first big-rig hydrogen fuel station in the US opens in California

‘The bane of retail.’ To prevent theft, many big chains now lock up all kinds of merchandise

Spokane Valley hydrogen fuel company explains layoffs

Express bankruptcy leads to closure of Spokane store

U.S. solar companies, imperiled by price collapse, demand protection

The Dirt: South Hill Home Depot project devloping

It’s official: Micron to get $6.1 billion in federal subsidies. Plus, it plans 3rd plant

American Air sees return to profit on summer travel demand

Buying and selling a home will change soon. Here’s what you need to know.

U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown

Hertz reports $392 million loss as it unwinds Tesla fleet

How to avoid going broke soon after starting a business

Survey: More than 1 in 3 Americans will vacation into debt

Mortgage rates continue upward climb

Airlines must now pay automatic refunds for canceled flights

Amazon’s Prime Video and Netflix are crashing TV’s ad-selling party

Why Disney is doubling down on theme parks with a $60 billion plan

FTC chief says tech advancements risk health care price fixing