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Antonio Perez/Chicago Tribune/TNS

Amazon strike hits Southern California warehouses during holiday rush

Business / Business News /

Workers at several Amazon warehouses across the country went on strike early Thursday morning, part of an effort by the Teamsters union to pressure the e-commerce giant to recognize burgeoning unions at its facilities.

The work stoppage comes in the final stretch of the holiday shopping crush when customers are banking on Amazon to deliver ...Read more

Scott Takushi/Pioneer Press/TNS

Mississippi River advocates raise concerns about company's plan to mine riverbed

Business / Business News /

A mining company that operates a sand and gravel mine on Lower Grey Cloud Island in Cottage Grove, Minnesota, wants to expand and shift operations into the Mississippi River – and mine the actual riverbed.

Holcim MWR Inc., formerly Aggregate Industries, is proposing to move its mining area to mine additional aggregate reserves on about 400 ...Read more

Brian van der Brug/Los Angeles Times/TNS

Prop houses and other Hollywood businesses seek to promote filming in California

Business / Business News /

LOS ANGELES — Nearly three dozen local film, television and streaming production businesses and associations have launched an advocacy group aimed at improving conditions for filming in the state.

The California Production Coalition, formed this week in Los Angeles, aims to voice the concerns of prop houses, equipment leasing firms and other ...Read more

Antonio Perez/Chicago Tribune/TNS

Amazon delivery drivers in 7 facilities nationwide go on strike

Business / Business News /

Hundreds of drivers at Amazon facilities in seven locations nationwide launched a strike Thursday morning, potentially disrupting holiday deliveries in an effort to get the online retailing giant to recognize their affiliation with the Teamsters union and negotiate a labor contract.

The walkout was set to begin at 5 a.m., with workers at other ...Read more

Dreamstime/Dreamstime/TNS

Private credit plots expansion in bid for $40 trillion prize

Business / Business News /

Private credit firms want more than corporate lending. The largest are laying the groundwork to finance everything from auto loans and residential mortgages to chip manufacturing and data centers in an effort to swell the size of the market by the trillions.

It’s part of a race to grab a bigger share of a universe of potential investments ...Read more

Brian Cassella/Chicago Tribune/TNS

UAW reaches secret deal with Rivian to make unionizing easier

Business / Business News /

In recent months, the United Auto Workers reached an agreement with Rivian Automotive Inc. that would make it easier to unionize the company’s workforce — contingent on the electric-vehicle maker ever reaching profitability.

Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Hanukkah decor is hotter than ever

Business / Business News /

Hanukkah tea towels. Menorah napkins and paper plates. Tie-dye Hanukkah pajama sets. Children’s books, such as "Hanukkah Hippity-Hop" and "Oy, Santa!"

All are items flying off the shelves at the store inside the Weitzman National Museum of American Jewish History in Philadelphia.

“Our business is really powered by Hanukkah,” said ...Read more

Justin Sullivan/Getty Images North America/TNS

US jobless claims fell last week during holiday season volatility

Business / Business News /

Applications for US unemployment benefits fell last week after spiking earlier this month, continuing a streak of volatility that often occurs during the holiday season.

Initial claims decreased by 22,000 to 220,000 in the week ended Dec. 14. The median forecast in a Bloomberg survey of economists called for 230,000 applications.

Claims data ...Read more

Aric Crabb/Bay Area News Group/TNS

US existing-home sales rise as buyers accept high mortgage rates

Business / Business News /

Existing-home sales in the U.S. topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.

Contract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since March, according to data released Thursday by the National Association of ...Read more

Illia Martynov/Dreamstime/TNS

Real estate Q&A: Our neighbor flies drones near houses. What are our privacy rights?

Business / Business News /

Q: Our neighborhood has a few recreationalists who like to fly drones. One likes to fly near people’s houses at night — sometimes at altitude levels even with the home’s windows. We all know that drones are equipped with cameras. It can’t be right to allow such invasions of privacy. What are our rights, and what can be done? — Alan

A:...Read more

Russ Mitchell/Los Angeles Times/TNS

GM, ChargePoint partner to install up to 500 ultra-fast charging ports in US

Business / Business News /

General Motors Co. and ChargePoint, a leading charging company, are partnering to install up to 500 ultra-fast charging ports in the United States, the companies said Wednesday.

The companies didn't specify where the stations will be but said they would go in "strategic locations." The locations should be open and available to the public before...Read more

Ken Lambert/The Seattle Times/TNS

Amazon delays RTO mandate for thousands of workers due to space

Business / Business News /

Amazon.com Inc. won’t have enough space for thousands of employees when they start returning to the office five days a week next month.

The company recently told some personnel working in at least seven cities — including Austin, Dallas and Phoenix — that their return dates will be pushed back as much as four months, according to people ...Read more

Mandel Ngan/Getty Images of North America/TNS

Biden administration grants key waiver for California auto rules, EV mandate

Business / Business News /

WASHINGTON — The Biden administration finalized a decision Wednesday allowing California to enact influential and long-planned vehicle emissions regulations that set an effective 100% electric vehicle requirement for one-third of the U.S. auto market by 2035.

The regulations — if they survive the significant administrative and legal ...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Fed lowers interest rates again but dials back plans for more cuts in the future

Business / Business News /

The Federal Reserve on Wednesday made another cut in interest rates, but, signaling what its leader called a new phase in policy, the central bank dialed back expectations for lowering rates in the near future.

Earlier plans for several more rate cuts in 2025 have become muddied as progress the Fed made on curbing inflation has stalled. And ...Read more

Gina Ferazzi/Los Angeles Times/TNS

The Port of Los Angeles is expecting a record December

Business / Business News /

The Port of Los Angeles is on track to process more than 10 million container units this year and is expecting a record-breaking December.

The port in San Pedro handled more than 880,000 Twenty-Foot Equivalent Units (TEUs) in November, up 16% from the same period last year, Executive Director Gene Seroka said. This year, the port has moved more...Read more

Andrew Caballero-Reynolds/AFP/Getty Images North America/TNS

Fed lowers interest rates again but dials back plans for more cuts in the future

Business / Business News /

The Federal Reserve on Wednesday made another cut in interest rates, but dialed back expectations for lowering rates in the near future.

The rate reduction, the third in a row, had been widely expected, but where policymakers go from here is anything but certain.

Plans for several more rate cuts in 2025 have become muddied as progress the Fed ...Read more

Best Buy/TNS

Retailers like Best Buy, Target offer last-minute shoppers a Santa's little helper: AI

Business / Business News /

Say your nephew needs a Christmas present and you vaguely know what he’s into these days. A new Gift Finder feature on the Best Buy app lets users ask questions like, “What can I get for a 10-year-old who loves Minecraft?”

The artificial intelligence-powered chatbot responds with a list of products like the latest versions of the game, ...Read more

Ken Wolter/Dreamstime/TNS

General Mills trading profits for price cuts to win back customers

Business / Business News /

General Mills is forgoing profit growth to boost promotions and other short-term price cuts over the next six months in an effort to revive customer loyalty for the long haul.

The Minnesota-based maker of Bisquick and Bugles is responding to consumer pressure over persistently high food prices, especially among national brands. After years of ...Read more

Mandel Ngan/Getty Images of North America/TNS

Biden administration grants key waiver for California auto rules, EV mandate

Business / Business News /

WASHINGTON — The Biden administration finalized a decision Wednesday allowing California to enact influential and long-planned vehicle emissions regulations that set an effective 100% electric vehicle requirement for one-third of the U.S. auto market by 2035.

The regulations — if they survive the significant administrative and legal ...Read more