Business | The Spokesman-Review

News > Business

Meet the Amazon ‘influencers’ making money off everything they own

UPDATED: Mon., Feb. 26, 2024

When she wasn’t at work or asleep last summer, Heidi Leatherby was filming videos about products sold on Amazon. She made videos about coffee makers and electric fences, tea bags and vitamin supplements, kettlebells and rubber duckies - more than 2,200 in six months.

News > Business

Kroger-Albertsons mega-merger would cause grocery price hikes, FTC says, in suit to block deal

UPDATED: Mon., Feb. 26, 2024

The Federal Trade Commission on Monday sued to block the merger of two of the nation's largest grocers.

News > Business

Microsoft strikes deal with France’s Mistral, OpenAI rival

UPDATED: Mon., Feb. 26, 2024

Microsoft Corp., under mounting political scrutiny globally for its deep ties to OpenAI, has cut a deal with the startup’s primary competition in Europe.

News > Local business

Some Pullman business owners are frustrated with the city’s plan to draw people downtown

Mon., Feb. 26, 2024

Frustrated by an $11.7 million city project to revitalize downtown, Pullman business owner C.J. Robert said she has had enough.

News > Local business

Downtown Spokane office vacancy continues to climb

Sun., Feb. 25, 2024

Spokane's downtown office-space vacancy rate is climbing at the same time several owners of commercial properties face the prospect of refinancing mortgages at the interest rates that have stifled housing markets nationwide.

News > Business

Clearwater Paper purchases Georgia paperboard facility

UPDATED: Fri., Feb. 23, 2024

Clearwater Paper Corp. announced this week that it has purchased a Georgia-based paperboard-manufacturing facility for about $700 million.

News > Business

Once the darling of the EV world, the electric truck-maker Rivian is reeling

UPDATED: Fri., Feb. 23, 2024

Rivian Automotive Inc. emerged as a darling of investors — a brand with promise of bringing the "cool" factor to the once-red-hot market for electric vehicles. But the Irvine-based company hit the brakes Wednesday, announcing a 10% cut to its workforce and lower production expectations.

News > Business

Vice Media to lay off hundreds of employees, cease publishing to website

UPDATED: Fri., Feb. 23, 2024

Vice Media is laying off hundreds of employees and will cease publishing new content on its website Vice.com, according to an internal memo sent Thursday.

News > Business

Tyler Perry, fearful of AI advances, halts $800 million Atlanta film studio expansion

UPDATED: Fri., Feb. 23, 2024

Tyler Perry has put the kibosh on a planned $800 million expansion at his 330-acre studio in Atlanta over fears that rapid advances in video-related artificial intelligence could reduce demand for traditional filmmaking.

News > Business

Nvidia tops $2 trillion valuation in first for chipmakers

UPDATED: Fri., Feb. 23, 2024

Nvidia Corp. is on its way to becoming the first semiconductor firm with a $2 trillion valuation, another milestone in its ascendancy as the biggest beneficiary of a rush into artificial intelligence-related stocks over the past year.

News > Local business

‘You pay rent and you don’t get to shower’: The conditions at one Spokane apartment building underscore some residents’ desperation for housing

UPDATED: Fri., Feb. 23, 2024

An apartment building sitting above the Red Lion Pub on North Division Street was good for years, Del Marsengill said as he sat in the hallway earlier this month, breathing through his respirator.

News > Business

Inflation’s lower. The job market’s better. So why all the economic uncertainty?

UPDATED: Fri., Feb. 23, 2024

When Neel Kashkari first joined the Federal Reserve eight years ago, he quickly gained a reputation of being a frequent dissenter who often opposed raising rates.

News > Business

AT&T Wireless subscribers in the US can’t make, receive calls

UPDATED: Thu., Feb. 22, 2024

AT&T Inc. is responding to widespread disruptions to its mobile service across the US that had tens of thousands of customers complaining that they couldn’t make or receive calls.

News > Business

Instagram’s uneasy rise as a news site

UPDATED: Thu., Feb. 22, 2024

On a recent Wednesday in New York City, Mosheh Oinounou, a former producer for CBS, Bloomberg News and Fox News, swiped through Instagram. He had started his morning reading major newspapers and more than a dozen newsletters. Then he spent much of the day turning many of the articles into posts on his Instagram account, under the handle Mo News.

News > Business

Stock bulls reload AI wagers as Nvidia surges 12%

UPDATED: Thu., Feb. 22, 2024

Stocks climbed around the globe as Nvidia Corp.’s solid outlook rekindled the artificial-intelligence mania that drove equities to a bull market.

News > Business

Inside Kroger-Albertson’s would-be merger: ‘Do we have to say that we won’t close stores?’

UPDATED: Thu., Feb. 22, 2024

When Kroger and Albertsons promised to preserve competition under their proposed merger by selling 413 stores, including 104 in Washington, some wondered whether the buyer would be required to keep those stores open. Apparently, so did the buyer, C&S Wholesale Grocers.

News > Business

Q4 2023 home prices rose in 86% of metro areas: NAR

UPDATED: Thu., Feb. 22, 2024

Since 2005, the National Association of Realtors (NAR) has released quarterly statistics detailing the median home prices in metropolitan areas across the country. The report serves as a barometer of housing affordability — and its latest data is not good news for prospective homebuyers.

News > Business

Boeing 737 Max official is out after midair mishap

UPDATED: Wed., Feb. 21, 2024

Boeing said Wednesday that it was shaking up the leadership in its commercial airplanes unit after a harrowing episode last month during which a piece fell off a 737 Max 9 jet in flight.

News > Business

Streaming a movie abroad may soon come with taxes at the border

UPDATED: Wed., Feb. 21, 2024

The decades-old global consensus that’s allowed e-commerce and a growing tidal wave of data to cross borders without tolls is at risk of falling apart.

News > Business

Major strikes in 2023 set 20-year record, Labor Department says

UPDATED: Thu., Feb. 22, 2024

American workers led 33 major strikes in 2023, the most in more than two decades, the Labor Department reported Wednesday, as a booming labor market fueled a strong year of activity for unions.

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