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Business

2057 posts
  • Business

Nordstrom to close Santa Monica store

  • July 1, 2025
  • Roubens Andy King
Nordstrom to close Santa Monica store
Retail giant Nordstrom is closing its sprawling Santa Monica Place store as it restructures its network to try to better target customers who have moved to online shopping. The last…
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UK house prices fall by most in more than two years | House prices
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  • Business

UK house prices fall by most in more than two years | House prices

  • July 1, 2025
  • Roubens Andy King
House prices in the UK fell the most in more than two years last month as demand weakened after the end of a tax break, but activity is expected to…
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Parnassus Growth Equity Fund Sold Its Stake in Adyen N.V. (ADYEY)
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  • Business

Parnassus Growth Equity Fund Sold Its Stake in Adyen N.V. (ADYEY)

  • July 1, 2025
  • Roubens Andy King
Parnassus Investments, an investment management company, released the “Parnassus Growth Equity Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter,…
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Charter said Van Nuys vandalism should be considered ‘domestic terrorism’
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  • Business

Charter said Van Nuys vandalism should be considered ‘domestic terrorism’

  • July 1, 2025
  • Roubens Andy King
Last month’s vandalism of Spectrum fiber-optic lines — which temporarily knocked out internet service for more than 50,000 customers in Los Angeles and Ventura counties — should be labeled “domestic…
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Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts | US news
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  • Business

Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts | US news

  • July 1, 2025
  • Roubens Andy King
The chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded. Trump has repeatedly urged Powell to…
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Challenge to dollar supremacy a long way off, central bankers say
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  • Business

Challenge to dollar supremacy a long way off, central bankers say

  • July 1, 2025
  • Roubens Andy King
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -There is no prospect of a major challenge to the dollar's status as the world's reserve currency of choice any time…
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These Mexican supermarkets are showing up for immigrant communities
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  • Business

These Mexican supermarkets are showing up for immigrant communities

  • July 1, 2025
  • Roubens Andy King
Evelin Gomez works at the juice bar inside a Vallarta Supermarket in Carson, a place where Mexican culture functions as the business’s beating heart. In the last week, Gomez said,…
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Brazil’s last asbestos miners are switching to rare earth minerals. Can they offer a brighter future? | Brazil
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  • Business

Brazil’s last asbestos miners are switching to rare earth minerals. Can they offer a brighter future? | Brazil

  • July 1, 2025
  • Roubens Andy King
Minaçu, a small city in inland Brazil and home to the only asbestos mine in the Americas, is set to become the first operation outside Asia to produce four rare…
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Berkshire Hathaway (BRK.B) Benefited from Exposure To P&C Insurance
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  • Business

Berkshire Hathaway (BRK.B) Benefited from Exposure To P&C Insurance

  • July 1, 2025
  • Roubens Andy King
Qualivian Investment Partners, an investment partnership focused on long-only public equities, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. The fund outperformed the…
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Hiltzik: Walmart and Amazon, our rich ‘welfare queens’
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  • Business

Hiltzik: Walmart and Amazon, our rich ‘welfare queens’

  • July 1, 2025
  • Roubens Andy King
As the Republican-dominated House and Senate continue to move their budget bills toward enactment, we’ve been hearing a lot of hypocritical persiflage about “able-bodied” Americans taking undue advantage of Medicaid…
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