Business category, Page 20
Spirit Airlines sounds alarm on its future ability to stay in business
NEW YORK — Just five months after emerging from Chapter 11 bankruptcy protection, Spirit Airlines is warning about its future ability to stay in business. Spirit Aviation Holdings, the budget carrier’s parent company, says it has “substantial doubt” about its ability to continue as a going concern over the next...
U.S. Steel: No indications of safety concerns prior to Clairton blastVideo
A U.S. Steel executive said Tuesday there were no indications of safety concerns leading up to the explosion a day earlier at the company’s Clairton Coke Works that killed two workers and injured 10 people. “It was a normal course of business yesterday,” said Scott Buckiso, senior vice president and...
U.S. inflation held steady as mild tariff hit offset by cheaper gas, food
WASHINGTON — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago. Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as...
U.S., China extend trade truce another 90 days, easing tension between world’s largest economies
WASHINGTON — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies. Trump posted on his Truth Social platform that he signed the executive order for the extension, and that “all other...
Trump nominates conservative economist to head agency that compiles jobs, inflation data
WASHINGTON — President Donald Trump said Monday that he has nominated E.J. Antoni, chief economist at the conservative Heritage Foundation, to head the agency that compiles and publishes the nation’s employment and inflation figures. “Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,”...
Ford to invest nearly $2 billion in Kentucky assembly plant to produce electric vehicles
LOUISVILLE, Ky. — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models. The automaker’s top executive unveiled the new EV strategy Monday at Ford’s Louisville Assembly Plant...
Nvidia, AMD to pay 15% of China chip sale revenue to U.S. government
NEW YORK — Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, a U.S. government official has confirmed. President Donald Trump’s administration halted the sale of advanced computer chips to China back in April over national security concerns, but Nvidia...
A pause on higher tariffs for China is due to expire Tuesday. Here’s what to know
TAIPEI, Taiwan — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended. After the most recent round of China-U.S. trade talks, held late last month in Stockholm, Chinese and U.S. officials said they expected the...
Forging forward: As contract talks loom, union workers grapple with rift over U.S. Steel-Nippon deal
Brian Pavlack leads something of a rebel faction within the United Steelworkers union. Steelworkers for Trump, started by Pavlack ahead of the November election, gave voice to a growing number of defectors from the union’s traditional Democratic identity. The group mostly lives through Facebook, where it’s some 2,600 accounts strong,...
Instagram rolls out map feature, sparking privacy concerns
Is Instagram the new Snapchat? It seems that way, as a map feature similar to Snap Map was just launched — eliciting mixed reactions from users. instagram showing y’all location oh that’s not pic.twitter.com/Qx9n5dn7zs— kaydenciaga⋆.ೃ࿔*:･ (@i30clip) August 6, 2025 On Wednesday, Meta rolled out several new features on the social...
Trump opens door for private equity and crypto as 401(k) retirement plan options
NEW YORK — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of...
Intel’s stock tumbles after Trump says its CEO must resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your...
Union stages walkout at Derry Township’s Pace Industries; health coverage costs major issue
Union workers at Pace Industries’ Derry Township plant walked off the job early Thursday morning, after local labor leaders said talks broke down for a new contract with the facility that makes aluminum die-cast parts for customers that include Harley- Davidson and Polaris. Union President Duke Reed said members of Laborers’...
Trump to nominate top economic aide Stephen Miran to Federal Reserve board
WASHINGTON — President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment. Trump said he has named Stephen Miran, the chair of the White House’s Council...
EPA cancels $7 billion Biden-era grant program to boost solar energy
WASHINGTON — The Environmental Protection Agency on Thursday terminated a $7 billion grant program intended to help pay for residential solar projects for more than 900,000 lower-income U.S. households, in the latest Trump administration move hindering the nation’s shift to cleaner energy. The funding, part of the Biden-era’s Solar for...
Apple moves down Walnut Street in Shadyside
This weekend, a new Apple store is opening on Shadyside’s Walnut Street — just one block away from its current location at 5508 Walnut St. The new location is at 5436 Walnut St., the former site of the Gap store. The storefront is now dark brown brick, a contrast to...
Average rate on 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A...
Multiple Westmoreland communities say convention center would be a good fit
As feasibility studies for a convention center and hotel complex in Westmoreland County near completion, leaders from communities along Route 30 say that while they haven’t been contacted for information, they do have ideas about where it could be built. The Westmoreland County Chamber of Commerce in December launched a...
Trump’s broad tariffs go into effect, just as economic pain is surfacing
WASHINGTON — President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject...
Residents see 1st glimpse of proposed Springdale data center
Springdale residents got their first look at a proposed massive data center at the site of the former Cheswick Generating Station on Wednesday. At a well-attended planning commission meeting, representatives from the site’s land developer, Allegheny DC Property Co. LLC, presented their preliminary plans for what could be a massive...
United Airlines flights grounded nationwide because of technology problem
United Airlines flights on major routes were grounded Wednesday because of a technology issue, and additional flight delays were expected into the evening, the airline said. An alert on the Federal Aviation Administration website said all United flights destined for Chicago were halted at their departing airports. The agency said...
Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
WASHINGTON — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. “We’ll be putting a tariff on of approximately 100% on chips and semiconductors,” Trump said...
Consumers, long worried about the economy, now acting on concerns
Natalie Slinger’s growing family could use a bigger house and a second car. Right now, both feel out of reach. Slinger and her husband have one child in day care, which costs as much as their mortgage. They rarely eat out and limit their travel to camping. Their second child,...
‘We’re trying to disrupt an industry’: Mark Cuban touts pharmacy deal with Giant EagleVideo
Mark Cuban, the billionaire and Western Pennsylvania native now knee-deep in the pharmaceutical industry, offered strong words Wednesday toward the pharmacy benefit managers some say are bleeding drugstores dry. “Get rid of them,” Cuban said at Market District in Robinson after announcing a partnership between his company, Cost Plus Drugs,...
John Dorfman: A 12-stock Sane Portfolio for crazy times
In today’s higher-tariff world, where political and geopolitical clashes are harsh, you might want to take your stock portfolio’s risk level down a notch. Perhaps the Sane Portfolio can be of some help. This is a theoretical portfolio, intended to be slightly on the low-risk side of the risk spectrum....
