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McKinsey chief says global clients are rethinking US market

Business / Business News /

Companies are giving more consideration to opportunities outside the U.S. because of policy upheaval under the Trump administration, said McKinsey & Co. Global Managing Partner Bob Sternfels.

Business leaders are concerned about being “vulnerable” to tariffs and other shifts to US economic and geopolitical positions, Sternfels said Tuesday...Read more

Ford Motor Co./Ford Motor Co./TNS

Ford orders dealers not to deliver Mustang Mach-Es over lockout recall

Business / Business News /

Ford Motor Co. has ordered its dealers not to deliver more than 320,000 all-electric Mustang Mach-E SUVs over an issue that can cause lockouts and entrapment.

The Dearborn automaker is recalling approximately 207,181 model year 2021-2025 Mustang Mach-Es in the United States and another 120,000 internationally. In a notice of the safety recall ...Read more

GM sued over pickups, SUVs recalled for engine issues

Business / Business News /

General Motors Co. is being sued for fraud after the Detroit automaker recalled nearly 600,000 trucks and SUVs for potential engine failure this year.

Lawyers for seven plaintiffs on Tuesday asked the U.S. Eastern District Court of Pennsylvania to grant class-action status to the suit, which seeks financial compensation for consumers who bought...Read more

Irfan Khan/Los Angeles Times/TNS

Union launches dueling ballot measures, escalating fight over LA's tourism worker wage hike

Business / Business News /

The hospitality union that won a major increase in the minimum wage for Los Angeles hotel and airport workers is escalating its fight with a hotel and airline industry group, which recently launched a campaign to repeal the wage hike.

Unite Here Local 11, which represents hotel and restaurant workers, filed paperwork Monday for a pair of ballot...Read more

ALEX WROBLEWSKI/AFP/Getty Images North America/TNS

RFK Jr. plans crackdown on pharma ads in threat to $10 billion market

Business / Business News /

The Trump administration is discussing policies that would make it harder and more expensive for pharmaceutical companies to advertise directly to patients, in a move that could disrupt more than $10 billion in annual ad spending.

Although the U.S. is the only place, besides New Zealand, where pharma companies can directly advertise, banning ...Read more

Allen J. Schaben/Los Angeles Times/TNS

Waymo expands service area in Los Angeles and San Francisco

Business / Business News /

Waymo, the autonomous taxi company that's offered rides in Los Angeles since November, is expanding its service area in the city.

Starting Wednesday, the driverless taxis will roam more than 120 square miles of Los Angeles County, stretching from Santa Monica to downtown and from West Hollywood to Inglewood. The expanded service area will ...Read more

TESLA/TNS

Guess who swept top of Cars.com's American-Made Index? Not who you think, Detroit

Business / Business News /

Tesla Inc. swept the top four slots of Cars.com's 2025 American-Made Index, and Jeep parent Stellantis NV and General Motors Co. contributed just three vehicles — with Ford Motor Co. completely absent from the top 20.

Publication of the list from the automotive online marketplace comes amid scrutiny by the Trump administration of the ...Read more

Henry Payne/The Detroit News/TNS

Henry Payne: How Cadillac integrates motorsports to compete on the world stage

Business / Business News /

LE MANS, France — For 15 years, Cadillac has been assembling the pieces to reassert itself as the Standard of the World. A cornerstone of that plan has been to take on its international competition in their backyards, at the track, on the world’s biggest stages.

From the 24 Hours of Le Mans to Paris to Miami, that vision has bloomed in 2025...Read more

Jennifer Buchanan/The Seattle Times/TNS

Help wanted: Must enjoy 'a million sunrises and sunsets' (and clear a big hurdle)

Business / Business News /

PORT TOWNSEND, Washington — Above the ruckus of the ferry's car deck, the chattering of passengers pressed up against windows and the thrum of engines, Adam Knutsen watched the sea unfold from a place few ever get to stand.

The "bridge," where the ferry's captain and other high-ranking officers are stationed, was quiet. Windows stretched ...Read more

Carlos Gonzalez/Star Tribune/TNS

College degree no longer guarantees post-grad employment

Business / Business News /

Hope Anderson tracks her job search in a spreadsheet, highlighting the rejections in red.

After more than six months and 40-plus applications, she’s seeing nothing but red.

“I knew it was going to be hard, and I knew it was going to be a lot of work,” said the 21-year-old Eden Prairie, Minnesota, resident, who graduated from Iowa State ...Read more

Handout/RTX/TNS

Seattle's AeroTec joins Pratt & Whitney's hybrid-electric plane push

Business / Business News /

Le BOURGET, France — Moses Lake, Washington, will be the test site for a new hybrid-electric plane as part of an experiment that aims to make aircraft cleaner and more fuel efficient.

RTX, an aerospace conglomerate that includes engine maker Pratt & Whitney and aerospace and defense suppliers Collins Aerospace and Raytheon, has been ...Read more

Jerry Jackson/The Baltimore Sun/Jerry Jackson

Hemp businesses sue Maryland over cannabis licensing, seized products

Business / Business News /

BALTIMORE — An industry group asked a federal judge Monday to order Maryland regulators to treat businesses selling hemp products like CBD and delta-8 as though they held recreational cannabis licenses from the state.

The sweeping request claims that the state is using new cannabis laws to push unlicensed hemp businesses out of the legal ...Read more

Kevin J. Hardy/The Detroit News/TNS

Detroit News to operate independently at year's end

Business / Business News /

The Detroit News will begin operating independently at year’s end following the conclusion of its 36-year partnership with the Detroit Free Press, The News announced Monday.

The move will allow The News to operate more closely with its sister papers in Detroit’s suburbs, including The Oakland Press, the (Royal Oak) Daily Tribune, the Macomb...Read more

Imago/ZUMA Press/TNS

Boeing airliners chief Stephanie Pope headed to India after 787 crash

Business / Business News /

Stephanie Pope, Boeing’s Seattle-based head of commercial airplanes, rushed to get to India after Thursday’s deadly 787 crash in northwestern city of Ahmedabad.

In a message to a Boeing customer, Pope said she planned to travel to support Air India, the airline operating the London-bound plane that crashed into a medical hostel shortly ...Read more

Dreamstime/Dreamstime/TNS

Baltimore lawyer sues Meta, Google over online 'squatter house' networks

Business / Business News /

In his second lawsuit targeting social media giants, Baltimore lawyer and real estate firm co-owner Barry Glazer is suing Meta and Google over social-media-based networks that sell unauthorized access to vacant properties.

In the proposed class-action complaint filed last week in U.S. District Court for Maryland, Glazer and his Century 21 ...Read more

Gary Coronado/Los Angeles Times/TNS

California's 'No Robo Bosses Act' advances, taking aim at artificial intelligence in the workplace

Business / Business News /

One company offers Bay Area employers artificial intelligence that filters potential hires by combing through 10,000 public online sources looking for references to violence or illegal drugs. Another uses the technology to scan workers’ office emails for signs of dissatisfaction or burnout. Others offer AI analysis of workers’ every online ...Read more

John J. Kim/Chicago Tribune/TNS

Uber, unions reach labor peace deal in exchange for dropping driver wage hike ordinance

Business / Business News /

CHICAGO — A contentious push to force Uber and Lyft to pay Chicago rideshare drivers more is settled for now after Uber and the unions behind the effort reached a labor peace deal.

The Illinois Drivers Alliance, anchored by the Service Employees International Union Local 1 and the International Association of Machinists Mechanics Union Local ...Read more

Al Seib/Los Angeles Times/Los Angeles Times/TNS

Why Hollywood studios are still downsizing

Business / Business News /

Hollywood's workforce just needed to "survive 'til '25." That was last year's hopeful mantra for entertainment industry pros battered by layoffs and limited film and TV production.

But now as the year approaches its halfway point, a bleaker saying seems apt: "Exist 'til '26."

Rosy projections of a robust recovery this year have not ...Read more

Dreamstime/Dreamstime/TNS

Gift tax: The exclusion limit for 2025, how it works and who has to pay

Business / Business News /

If you’re worried about owing gift taxes if you give money or property away, keep this in mind: Very few taxpayers end up on the hook for this particular tax.

There are two reasons why.

The first is that you can give away up to $19,000 in 2025 (it was $18,000 in 2024) per person — to as many people as you want, according to the IRS. And if...Read more