Business

Business |
Amazon Audible layoff follows job cuts to company’s Prime Video, MGM and Twitch divisions

The division that produces audiobooks, podcasts and meditation programs is cutting 5% of its workforce in what Audible's CEO calls "a very challenging landscape."

FILE – The headquarters of Audible, Amazon’s online audiobook and podcast service, is seen, March 9, 2023, in Newark, N.J. In a memo sent to employees on Thursday, Jan. 11, 2024, Amazon-owned Audible said that it is laying off about 5% of its workforce, marking the third round of job cuts in the tech giant’s various businesses this week as the industry continues to shed roles in the new year. (AP Photo/Ted Shaffrey, File)

The governor’s latest budget asks the state legislature to add an annual trigger making the minimum wage increases contingent on state revenues.

Business |
Labor deal in flux as Newsom revisits SB 525, the $25 minimum health wage

The investigation is focusing on plugs used to fill spots for extra exits when those doors are not required on Boeing 737 Max 9 jetliners.

Business |
FAA investigating Boeing part that blew off Alaska Airlines jet

The Federal Reserve's war on inflation – powered by interest-rate hikes – has modestly cooled the economy and that chill has moderated price hikes.

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Housing |
Southern California inflation fell sharply in 2023 – but it’s not cured

By Jonathan Lansner

January 11, 2024 at 12:36 p.m.

The Federal Reserve's war on inflation – powered by interest-rate hikes – has modestly cooled...

Pay hikes over the past four years have lifted the wages of people who work in hospitality nearly 30% on average.

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Business |
Hospitality workers’ wages are rising faster than high earners’ in most states

By Tribune News Service

January 11, 2024 at 11:10 a.m.

Pay hikes over the past four years have lifted the wages of people who work...

The reductions come as Google’s core search business feels the heat from the AI offerings of rivals Microsoft and ChatGPT-creator OpenAI.

Business |
Google lays off hundreds in hardware, voice assistant teams

By Bloomberg

January 11, 2024 at 1:01 p.m.

The reductions come as Google’s core search business feels the heat from the AI offerings...

The about-face, after Hertz said it would buy 100,000 Tesla cars, underscores the waning demand for all-electric cars.

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Business |
Hertz selling 20,000 EVs as it shifts back to gas-powered cars

By Bloomberg

January 11, 2024 at 12:05 p.m.

The about-face, after Hertz said it would buy 100,000 Tesla cars, underscores the waning demand...

Changing to a plant-heavy diet can boost your health — and your wealth.

Business |
I saved $800 in 5 months by eating more plants

By Nerdwallet

January 11, 2024 at 10:58 a.m.

Changing to a plant-heavy diet can boost your health — and your wealth.

A 30-year mortgage cost 6.66% this week, up from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.

Housing |
Mortgage rates rise to highest level in 4 weeks

By Associated Press

January 11, 2024 at 10:49 a.m.

A 30-year mortgage cost 6.66% this week, up from 6.62% last week, mortgage buyer Freddie...

Business |
Feds charge eBay over employees who sent live spiders and cockroaches to couple; company to pay $3 million

By Associated Press

January 11, 2024 at 10:27 a.m.

The eBay employees have already been prosecuted in the extensive scheme to intimidate e-commerce newsletter...

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