Business category, Page 5
John Dorfman: These CEOs are stepping up to buy on bad news
I like to see chief executives step up and buy their company’s shares amid bad news. It’s a sign of faith that goes beyond rhetoric. Here are three recent instances. KKR The private-equity industry — consisting of partnerships that invest in companies that aren’t publicly traded — has suffered a...
U.S. stocks erase a big early loss and rise after oil prices whip from nearly $120 back below $90Video
NEW YORK — The U.S. stock market careened through a manic Monday, going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back...
Shapiro wants to incentivize data centers to be better neighbors. Will that work?
Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. Sign up for our free newsletters. HARRISBURG — Democratic Gov. Josh Shapiro wants to incentivize data center developers to follow stricter environmental and transparency standards...
UPMC Magee-Womens nurses union clamors for staffing ratios
Unionized nurses at UPMC Magee-Womens Hospital will propose unit-by-unit staffing standards Tuesday as they bargain with their employer for a first contract. Roughly 900 registered nurses and advanced practitioners are seeking mandatory patient-to-nurse ratios based on recommendations from various professional organizations, such as the Association of Women’s Health, Obstetric and...
Anthropic sues Trump administration seeking to undo ‘supply chain risk’ designation
Anthropic is suing the Trump administration, asking federal courts to reverse the Pentagon’s decision designating the artificial intelligence company a ” supply chain risk ” over its refusal to allow unrestricted military use of its technology. Anthropic filed two separate lawsuits Monday, one in California federal court and another in...
The Fresh Market sets opening date for 1st Pittsburgh store
The former Whole Foods in Pittsburgh’s Shadyside neighborhood is nearly back to being a grocery store. The Fresh Market is scheduled to open March 18 at 5880 Centre Ave., returning an upscale grocer to the site four years after Whole Foods left for new digs nearby in East Liberty. North...
Energy prices soar to levels not seen in years as Iran names new supreme leader and digs in
Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to $119.50 per barrel early in the day but later...
DOJ, Live Nation reach settlement over illegal monopoly case, source says
WASHINGTON — The Justice Department reached a settlement in its antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, on Monday in a case that alleged an illegal monopoly over live events in America. The settlement was confirmed by a person familiar with the matter who could not...
Uber’s women-only option goes nationwide in the U.S.
NEW YORK — Uber launched a feature Monday to allow both women riders and drivers across the U.S. to be matched with other women for trips, expanding a pilot program aimed at addressing concerns about the safety of its hail-riding platform. The new feature is being rolled out nationwide despite...
Retirement savings plans can be used to fund a home down payment. But should you?
LOS ANGELES — Raiding retirement savings for a down payment on a home can be tempting, especially if you’ve struggled to scrape together enough money to buy. But should you? Most 401(k) and similar retirement savings plans like Individual Retirement Accounts (IRAs) allow homebuyers to withdraw or borrow a limited...
Japan’s Nikkei 225 share index falls more than 6% as oil soars over $100 a barrel
BANGKOK — Japan’s benchmark Nikkei 225 index plunged more than 7% early Monday and other Asian markets also tumbled after oil prices soared to about $114 a barrel due to disruptions from the war in the Middle East, casting a shadow over economies heavily dependent on imported crude and gas...
Travelers encounter long waits at some airports as DHS shutdown affects security checkpoints
Travelers complained of long waits Sunday — lasting hours in some cases — at security checkpoints at airports in Houston and New Orleans, which officials blamed on a government shutdown of the U.S. Department of Homeland Security. The estimated wait time at the standard security checkpoint at the William P....
Trump’s ‘roaring’ economy meets a rough start to 2026: What the latest numbers show
WASHINGTON — President Donald Trump promised that 2026 would be a bumper year for economic growth, but instead it has kicked off with job losses, rising gasoline prices and more uncertainty about America’s future. In his State of the Union address less than two weeks ago, the Republican president confidently...
Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping
CHICAGO — Oil prices eclipsed $114 per barrel for the first time since 2022 on Monday as the Iran war intensified, threatening production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, surged past $114 after trading resumed on the Chicago Mercantile...
Retail sales fall modestly in January as American consumers pull back on spending
American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year. Retail sales fell 0.2% in January, following a flat reading in December, according to the Commerce Department’s report issued on Friday. January’s figure came in below the forecasts of economists,...
U.S. lost 92,000 jobs last month and unemployment rate ticked higher to 4.4%
WASHINGTON — American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%. Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000...
How to set and invest your emergency fund
Emergency funds need a PR makeover. Who wants to think about broken-down cars, sick dogs, or job loss? We should call them “cushion funds.” Then there’s the frequently cited ideal amount: three to six months of expenses. That’s a decent starting point, but it sounds off-putting to people just starting...
Inspired Women Sewickley founder cultivates beautiful spaces and relationships
When Catherine Montague emigrated to the United States from France to study international business, she never imagined that her career would end up taking a more creative turn. After a stint working for Ralph Lauren Women’s and Home Flagship store in New York City, Montague discovered a passion for home...
Average long-term mortgage rate ticks up to 6%, ending 3-week slide
The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices because of the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6% from 5.98% last...
Stocks drop after oil spikes to its highest price since the summer of 2024
NEW YORK — Stocks sank Thursday on Wall Street when the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0.6% and erased what had been a small gain for the year so far. The Dow...
More than 20 states sue over new global tariffs Trump imposed after his stinging Supreme Court loss
WASHINGTON — Some two dozen states challenged President Donald Trump’s new global tariffs on Thursday, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. The Democratic attorneys general and governors in the lawsuit argue that Trump is overstepping his power with planned 15%...
Trump says deal on data centers will lower electricity prices as tech companies vow to cover costsVideo
WASHINGTON — President Donald Trump invited technology companies to the White House on Wednesday to commit to developing their own power generation as he tries to ease tensions over the cost of electricity used by data centers to develop artificial intelligence. “They need some PR help because people think that...
Judge rules companies are entitled to refunds for Trump tariffs overturned by the Supreme Court
WASHINGTON — In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record” were “entitled...
Spirit drops Orlando service from Arnold Palmer Regional Airport
Spirit Airlines is pulling the plug on its long-running Orlando service from Arnold Palmer Regional Airport next month, a move that leaves the Unity airfield without its most popular year-round destination. The discount carrier confirmed Wednesday it has removed the Florida destination from its schedule effective April 15. The following...
Rising energy prices from the Iran war could help Russia pay for fighting in Ukraine
FRANKFURT, Germany — The Iran war’s disruption of Middle East oil and gas supplies and soaring prices are strengthening Russia’s ability to profit from its energy exports, a pillar of the Kremlin’s budget and a key to paying for its own war in Ukraine. Prices for Russia’s oil exports have...
