US to propose ban on Chinese software, hardware in connected vehicles, sources say
WASHINGTON— The U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters.
Trump’s proposal to end taxes on overtime pay could cost billions
WASHINGTON — Former President Donald Trump is calling for exempting overtime pay from taxes, the latest in a string of vague tax proposals that have befuddled tax experts, worried fiscal hawks and seemingly charmed voters.
‘Beetlejuice Beetlejuice’ hands Warner Bros. a lifeline
LOS ANGELES — Warner Bros. managed only a 4.7% share of domestic movie-ticket sales over the summer. By that measure, it was Warner’s worst performance since analysts started to compile seasonal box office data in 1982.
Should betting on elections be legal?
As pundits were sharing sometimes wildly different takes on how Kamala Harris and Donald Trump performed in Tuesday’s presidential debate, traders were putting money on which candidate would win the election. Those bets also told a story about the debate: On both PredictIt and Polymarket, two so-called prediction markets, the odds were swinging toward Harris.
New tariff rules could reverse a ‘paradigm shift’ in retail
WASHINGTON — Major U.S. retailers including Amazon and Walmart have been quietly exploring shifting toward a business model that would ship more goods directly to consumers from Chinese factories and require fewer U.S. workers in retail stores and logistics centers.
Business news — at a glance — for September 9
Debate will be 90 fateful minutes for two candidates, and one network
As strike looms, Boeing pushes 777 jets through chaotic production
For months, Boeing’s leadership has claimed repeatedly that slowing the pace of jet production and renewing the focus on inspections will ensure production quality. As a potential strike by 33,000 machinists looms next week, that’s not the reality mechanics see inside Boeing’s widebody jet plant in Everett, Washington.
The downside of falling interest rates
With the Federal Reserve expected to cut short-term interest rates later this month, investors face some tricky choices.
Independent pharmacies say they’re being squeezed by shadowy middlemen tied to big health chains
For more than a decade, independent pharmacist Jay Patel has built a close and enduring relationship with his customers, who come to him for help in sickness and in health.
For generations of Alaskans, a livelihood is under threat
Petersburg, Alaska, is as pretty a seaside town as any you’ll find across the filigree of fjords and foggy islands that make up the state’s maritime coast. Statuary and floral designs evidence its proud Scandinavian heritage, and bald eagles soar across the narrow strait that separates it from a national forest. It doesn’t have room for the giant cruise ships that disgorge thousands of passengers into Ketchikan and Juneau, but it is perfectly situated for its sustaining industry: fishing.
Report: Home Depot spent billions on its own shares instead of raising pay
Home Depot ranks in the bottom 100 companies in the S&P 500 index for median pay. But it ranks near the top of those corporations in buying back its own stock shares, billions that instead could have been spent improving wages, according to a report from a Washington, D.C., think tank.
Soaring insurance costs could ‘end’ affordable housing, developers warn
For the poorest Americans, finding an apartment to rent or a home to buy often means tapping into a vast network of nonprofit groups that use public and charitable funds to rehab or build affordable housing. Over the past year, the skyrocketing cost of property insurance has put that network on shaky ground.
Has the LUV run out for Southwest Airlines?
Herb Kelleher, founder of Southwest Airlines once said, “A company is stronger if it is bound by love, not fear.”
Can the GOP really become the party of workers?
The most surprising moment of this year’s Republican National Convention may have come on its first night, when the president of the Teamsters railed in prime time against corporate elites and denounced a “war against labor” by business groups. The gasps from some in the hall were almost audible on television.
Hawaii automobile sales plunge as owners hang on to vehicles
AI is helping to launch new businesses (and not just AI businesses)
Sean Ammirati has been teaching a class on entrepreneurship for more than a decade.
The hotelification of offices, with signature scents and saltwater spas
Visitors to the Springline complex in Menlo Park, California, are surrounded by a sense of comfort and luxury often found at high-end hotels: off-white walls with a Roman clay finish, a gray-and-white marble coffee table and a white leather bench beneath an 8-by-4 resin canvas etched with the words “Hello, tomorrow.” Springline’s signature scent — hints of salty sea air, white water lily, dry musk and honeydew melon — linger in the air.
Can free rent revive downtown San Francisco?
There’s a buzz of energy in downtown San Francisco from a source that has been missing for years: occupied storefronts.
Researcher designs robot to help children cross streets safely
SANTA ANA, Calif. — It looks a bit like a small lawnmower, but instead of duel handles, a single black pole with a tablet-sized screen attached rises from the machine.
How to avoid online scams and what to do if you become a victim
Cybercrime is on the rise, but even the best antivirus software can’t thwart scammers who target the human psyche.