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Commentary: Private equity's black eye legacy should cause concern for family-held businesses

Business / Business News /

Across the Midwest, family businesses once woven into the fabric of local life are vanishing. Not because of globalization or waning demand, but because of something closer to home: private equity. What began as a tool for capital efficiency has, in too many cases, become a wrecking ball for generational legacies.

As someone who has spent ...Read more

Stephen Lovekin/WIRED/Getty Images North America/TNS

This entrepreneur spots deepfakes for celebrities. Can he help average Joes too?

Business / Business News /

Celebrities are all too familiar with the world of deepfakes, the colloquial term for artificial-intelligence-generated videos that depict actors and other Hollywood talent falsely doing or saying things that they never agreed to.

To protect themselves, actors including Steve Harvey, Beverly Hills talent agency WME and studios have enlisted the...Read more

The Minnesota Star Tribune/The Minnesota Star Tribune/TNS

This Minnesota recycled aluminum plant will help stem tariff costs

Business / Business News /

ROSEMOUNT, Minnesota — With its new $71 million expansion, EGA Spectro Alloys in this southern suburb of the Twin Cities becomes one of only about 40 plants in the U.S. that can make recycled aluminum billets.

Think 25-foot-long poles of solid aluminum.

The 90,000-square-foot plant gives companies a needed domestic source for the much-in-...Read more

Bluetti/Bluetti/TNS

Tech review: Bluetti Apex 300 is the center of a new power ecosystem

Business / Business News /

I love portable power stations, and I’m really loving the evolution they are going through as batteries and inverters get better and smaller.

Today’s power stations may look similar to those of two or three years ago, but modern lithium iron phosphate batteries (LiFePO4) are so much better than previous generations of lithium-ion batteries....Read more

Akash Pamarthy/The Seattle Times/TNS

It's not easy finding green as matcha shortage hits Seattle shops

Business / Business News /

Matcha. It’s green. It’s grassy. And while beverages made with the powdered tea are all over social media, there’s one place they are missing: locally owned Seattle cafes.

Supply problems, compounded with increasing prices due to tariffs, have hit several local coffee shops hard, leading to a lowered inventory or, in some cases, no matcha...Read more

John Spink/The Atlanta Journal-Constitution/TNS

TSA backs off shoe-removal policy

Business / Business News /

The Transportation Security Administration is lifting one of the most hated of airport security hurdles: removing shoes.

The change is now official at all U.S. airports, Department of Homeland Security Secretary Kristi Noem announced Tuesday afternoon.

The agency is also evaluating “every rule” in place at airport security checkpoints, she...Read more

Alejandro A. Alvarez/The Philadelphia Inquirer/TNS

Waymo, the robotaxi company, will hit Philadelphia streets this summer

Business / Business News /

Waymo has arrived in Philly.

But you can’t catch a ride in one of their driverless cars just yet.

Philadelphia is one of more than 10 cities where human autonomous-technology experts will be taking Waymos on summer “road trips,” allowing the cars “to get to know the city,” spokesperson Sandy Karp said in a statement.

The testing ...Read more

Josh Edelson/AFP/Getty Images North America/TNS

Apple COO Jeff Williams retiring after 27 years with tech giant

Business / Business News /

Apple Chief Operating Officer Jeff Williams announced Tuesday he’s retiring after 27 years with the tech company.

Sabih Khan, senior vice president of operations, will be taking on the role of COO as “part of a long-planned succession” later this month, Apple said in a statement.

Williams will stay on to oversee Apple’s design team, as...Read more

Dreamstime/Dreamstime/TNS

Amazon Prime Day deals include TVs, air conditioners, appliances

Business / Business News /

Amazon Prime Day 2025 kicked off four days of sales Tuesday that include deeply discounted appliances, electronics and beauty products.

The online retail giant this year extended its annual sale from the usual two days to four, with discounts available through Friday.

Air conditioning and cooling units

Perhaps most desirable during the dog ...Read more

Dreamstime/Dreamstime/TNS

TikTok reportedly prepping new app in the US as potential sale looms

Business / Business News /

TikTok is preparing to release a new app in the U.S. as it awaits a potential sale that would maintain its presence for millions of users in the country, according to media reports.

The popular video app, owned by Chinese technology company ByteDance, is under pressure to sell its U.S. operations by Sept. 17 or face a nationwide ban, due to ...Read more

Jennifer Buchanan/The Seattle Times/TNS

Boeing continues production ramp-up, with 42 Max deliveries in Jun

Business / Business News /

Boeing continued on its path to recovery in June, recording its highest number of 737 Max deliveries since the end of 2023 and its best delivery rate for the first half of the year since 2018.

In a monthly recap of airplane orders and deliveries, Boeing said Tuesday it delivered 60 airplanes last month and 150 planes in the second quarter of ...Read more

Daniel Mears/The Detroit News/TNS

With China dominating, Stevens bill seeks CHIPS-like federal effort on critical minerals

Business / Business News /

WASHINGTON — Democratic U.S. Rep. Haley Stevens will introduce a bill this week urging the federal government to play a more active role in reducing U.S. reliance on China for critical minerals.

“This bill is about real results. It will lower costs and create jobs by bringing mineral production back home, supporting Michigan workers, and ...Read more

John Moore/Getty Images North America/TNS

US immigration curbs to hit economy hard in 2025, Fed study says

Business / Business News /

The Trump administration’s curbs on immigration and ramped-up deportations will lower U.S. economic growth by almost a full percentage point this year, according to a study from the Federal Reserve Bank of Dallas.

The drastic drop in immigrants across the southern border and increased efforts to deport more foreign-born workers could ...Read more

Las Vegas Review-Journal/TNS

Recent grads report competitive Nevada job market, despite strong indicators

Business / Business News /

During her five-month job search, recent University of Nevada, Reno graduate Emily Hess applied to around 400 jobs. She only heard back from seven.

Hess graduated in May with degrees in journalism and English. She eventually landed a role at a public relations firm through a connection. Without her extensive networking throughout college, she ...Read more

Daniel Mears/The Detroit News/TNS

Ford adopts GM tagline for new retail program to cut out-of-pocket, upfront costs

Business / Business News /

Ford Motor Co. has a "zero, zero, zero" plan of its own.

The automaker starting Tuesday through Labor Day is offering zero down payment, zero percent interest for 48 months and zero payments for the first 90 days on most Ford and Lincoln vehicles. This comes on the heels of the success of the "From America, For America" employee pricing ...Read more

Andy Morrison/The Detroit News/TNS

Controversial Ford battery plant 'on track' to remain eligible for key federal support

Business / Business News /

WASHINGTON — Ford Motor Co. confirmed Tuesday that its multibillion-dollar battery plant in south-central Michigan remains "on track" to qualify for a crucial federal tax credit, despite new federal restrictions on sourcing from China.

"Ford is committed to making the best, most cost-effective batteries for the next generation of electric ...Read more

Karl Mondon/Bay Area News Group/TNS

Waymo begins offering teen accounts, starting in metro Phoenix

Business / Business News /

Alphabet Inc.’s Waymo is launching a new account type that lets teenagers hail a robotaxi and ride alone, expanding its rider base while continuing to test its service in more U.S. cities.

Teens from 14 to 17 can have a user profile paired to a parent’s account starting on Tuesday, the company said in a statement. The program will initially...Read more

John J. Kim/Chicago Tribune/TNS

Chicago Board of Trade museum pays homage to city's trading history, immortalized in movies like 'Ferris Bueller's Day Off'

Business / Business News /

A museum dedicated to preserving the legacy of open outcry trading opens Tuesday inside the Chicago Board of Trade Building, the latest step in an effort to revive the nearly century-old structure.

Much of the frantic trading activity in the building — immortalized in movies like “Ferris Bueller’s Day Off” and “The Dark Knight” — ...Read more

Noah Berger/Getty Images North America/TNS

Companies keep slashing jobs. How worried should workers be about AI replacing them?

Business / Business News /

Tech companies that are cutting jobs and leaning more on artificial intelligence are also disrupting themselves.

Amazon's Chief Executive Andy Jassy said last month that he expects the e-commerce giant will shrink its workforce as employees "get efficiency gains from using AI extensively."

At Salesforce, a software company that helps ...Read more

Las Vegas Review-Journal/Las Vegas Review-Journal/TNS

Strip resort will pay six-figure settlement in religious discrimination, retaliation lawsuit

Business / Business News /

LAS VEGAS — A megaresort on the Strip agreed to pay a six-figure sum to settle a religious discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission.

The Venetian hotel-casino will pay $850,000 and implement “significant policy changes” via a three-year consent decree to settle the suit, the EEOC ...Read more