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Alejandro A Alvarez/The Philadelphia Inquirer/TNS

Unionized Starbucks workers begin nationwide strike

Business / Business News /

Unionized Starbucks baristas announced a strike on Thursday amid stalled negotiations between the workers’ union and the company.

The union, Starbucks Workers United, announced the strike Thursday morning, saying it would span at least 65 stores across more than 40 cities, including Philadelphia. The strike begins on Starbucks’ Red Cup Day,...Read more

Patrick Connolly/Orlando Sentinel/TNS

Real estate Q&A: Can HOA stop us from feeding the ducks?

Business / Business News /

Q: We enjoy feeding the ducks behind our house. Our community association is telling us that we can no longer feed them because it’s causing problems in our community. Can they stop us from doing it? — Graham

A: Feeding ducks and other wildlife can be a relaxing and enjoyable activity that brings you closer to nature. However, it is common...Read more

Chase Stevens/Las Vegas Review-Journal/TNS

FanDuel, DraftKings won't be licensed for Nevada sportsbooks

Business / Business News /

DraftKings and FanDuel, the nation’s two largest sportsbook vendors, won’t operate in Nevada anytime soon after state gaming regulators on Wednesday accepted the surrender of FanDuel’s parent company’s licensing plans.

A withdrawal on all pending requests for DraftKings is planned as well.

Nevada Gaming Control Board Chairman Mike ...Read more

Ken Lambert/The Seattle Times/TNS

US mortgage rates rise slightly, sending 30-year loans to 6.24%

Business / Business News /

Mortgage rates in the U.S. increased for a second week, adding to costs for homebuyers already facing a precarious economy.

The average for 30-year, fixed loans rose slightly to 6.24%, up from 6.22% last week, Freddie Mac said in a statement Thursday.

Homebuyers have been reluctant to jump into the market, even with rates now well below year-...Read more

Marvel Studios/Marvel Studios/TNS

Disney's cruise line and streaming service boost earnings, despite weaker theatrical results

Business / Business News /

Demand for Walt Disney Co.'s cruise line and its streaming services boosted the company's fiscal fourth-quarter earnings, despite a dent from lukewarm theatrical box office results that could not compare to blockbuster hits during the previous year.

The Burbank media and entertainment company reported $10.2 billion in revenue for its ...Read more

Jason Armond/Los Angeles Times/TNS

Investor behind scandal that tarnished B. Riley is criminally charged

Business / Business News /

The hedge fund investor at the heart of a scandal that damaged B. Riley Financial has been charged with criminal fraud as the West L.A. company continues efforts to dig out from under the debacle.

Brian Kahn, 52, who led a disastrous management buyout of a retail holding company partly financed with $600 million in B. Riley debt, has been ...Read more

Dania Maxwell/Los Angeles Times/TNS

Bob Iger defends Disney's offer to YouTube TV as ESPN, ABC blackout continues

Business / Business News /

As the ABC and ESPN blackout on YouTube TV threatens to stretch into a third week, Walt Disney Co. Chief Executive Bob Iger defended his company’s stance in the contentious negotiations.

YouTube TV’s 10 million customers have lacked access to Disney-owned channels and ABC stations for 14 days. The two companies have been locked in a fight ...Read more

Dreamstime/Dreamstime/TNS

Zillow pressures homebuyers into using its mortgages, lawsuit claims

Business / Business News /

Zillow has been slammed with yet another lawsuit — this time for allegedly incentivizing its affiliated agents to pressure homebuyers into using Zillow’s mortgage business.

The Seattle-based real estate giant is most known for its real estate listing website, but it is also a brokerage and lending agency.

In a lawsuit filed last week with ...Read more

Rad Power Bikes may close, cut jobs as pandemic boom cools

Business / Business News /

Seattle-based Rad Power Bikes, former darling of the booming e-bike market, warned it could shut down amid slowing sales and the hangover of too-rapid growth during the pandemic.

The company, headquartered in Ballard, “may be forced to cease operations” after failing to find outside partners or funding, a spokesperson said in an emailed ...Read more

Jim Watson/AFP/Getty Images North America/TNS

Homebuilders bet on 1% mortgage rates to wake up US buyers

Business / Business News /

With the average mortgage rate near 6%, U.S. homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower.

The trick is simple: buy new.

In markets across the U.S., homebuilders sitting on unsold inventory are subsidizing mortgage rates so ...Read more

Jeff Gritchen/The Orange County Register/TNS

Los Angeles shoppers find creative ways to spend less this holiday season

Business / Business News /

Shoppers in Los Angeles are turning to more affordable brands, seeking deals and making their own presents to save money this holiday season, as many tighten their purse strings in anticipation of a weak economy.

The average projected holiday spend by Los Angeles shoppers was $1,627, according to Deloitte's 2025 holiday retail survey. That's ...Read more

Maryna Konoplytska/Dreamstime/Dreamstime/TNS

What first-time homebuyers need to know before buying a fixer-upper

Business / Business News /

If you’re a first-time homebuyer with a tight budget, should you consider a fixer-upper? It depends whether you’re willing to be uncomfortable — possibly for a long time.

For some, buying a fixer-upper is a great way to build equity and customize their home. For others, it’s a source of inescapable stress.

“Maybe they’ve never even...Read more

Jose M. Osorio/Chicago Tribune/TNS

Volkswagen, Rivian eye selling EV technology to other carmakers

Business / Business News /

Volkswagen AG and Rivian Automotive Inc. have ambitions of selling the electric vehicle technology they’re developing together to other carmakers in the future.

The two companies’ joint venture, known as RV Tech, said it has made solid progress on delivering the EV electrical and software platform that Volkswagen needs to compete with Tesla...Read more

Katy Kildee/The Detroit News/TNS

Crain Communications cuts staff across publications

Business / Business News /

Detroit-based Crain Communications Inc. cut staff across much of its group of industry and city-focused publications late last week, including a half dozen from its Automotive News editorial team.

Publications hit by the cuts included those that cover business issues in cities, such as Crain's Detroit Business and Crain's New York Business, as ...Read more

Jemal Countess/Getty Images North America/TNS

Jury awards $35.8 million to family of 737 Max crash victim

Business / Business News /

Boeing must pay $35.8 million to the family of Shikha Garg, one of the 157 people killed when a 737 MAX crashed in Ethiopia more than six years ago, a Chicago jury ruled Wednesday

The jury verdict is the first reached in a slew of lawsuits filed against Boeing after two deadly MAX crashes in 2018 and 2019. Those who lost loved ones accused ...Read more

Anna Moneymaker/Pool/Abaca Press/TNS

Sen. Murray urges Starbucks to reach a union contract as strike looms

Business / Business News /

Sen. Patty Murray has stepped into the melee between Starbucks and its unionized workers to push for the resumption of contract negotiations ahead of a strike planned at some stores for Thursday.

Murray urged Brian Niccol, CEO of the Seattle-based coffee giant, Wednesday to return to the table to negotiate in good faith" with Starbucks Workers ...Read more

Walt Disney Pictures/Entertainment Pictures/ZUMA Press/TNS

Morgan & Morgan drops 'Steamboat Willie' lawsuit against Disney

Business / Business News /

Morgan & Morgan dropped a lawsuit against Disney on Wednesday that asked a judge to rule the law firm could use an adaptation of the nearly century-old “Steamboat Willie” cartoon in one of its ads.

The Orlando-based personal injury firm asked a federal court to dismiss the suit without prejudice, meaning another legal action could be filed ...Read more

Allen J. Schaben/Los Angeles Times/TNS

In historic vote, LA caps rent increases for rent-stabilized apartments at 4%

Business / Business News /

Los Angeles strengthened its rent stabilization law for the first time in 40 years Wednesday, setting a 4% ceiling on annual rent increases for a massive portion of the city’s housing stock.

The historic vote by the L.A. City Council will help set rents for decades to come for tenants who live in units built before 1978 — nearly half of the...Read more

Dreamstime/Dreamstime/TNS

Tariffs expected to raise prices for Christmas trees, other holiday decorations

Business / Business News /

Tariffs are expected to raise the price of Christmas trees and other decorations this holiday season.

Since these products are not typically mass produced in the U.S., the cost of an artificial tree is estimated to be 10% to 20% higher than last year, with lights costing as much as 63% more than in 2024, according to NBC News.

Ornaments from ...Read more

Elizabeth Flores/The Minnesota Star Tribune/TNS

SkyWater Technology, now one of biggest US chip foundries, switches growth focus to new tech

Business / Business News /

SkyWater Technology is set to hit the $600 million mark in revenue next year as it takes advantage of incentives to reshore semiconductor manufacturing and the growth of a new type of computing technology.

Next year, the Bloomington, Minnesota-based company is poised to grow revenue around 40% from the midpoint of its expected 2025 revenue ...Read more