Wednesday,  January 15 , 2025

Linkedin Pinterest

Business

Business BriefsClark County BusinessColumnistsTransactionsWorking in Clark County

U.S. inflation picked up in December but underlying price pressures eased

January 15, 2025, 9:28am Business

U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could… Read story

FDA bans red dye No. 3 from foods

January 15, 2025, 9:21am Business

U.S. regulators on Wednesday banned the dye called Red 3 from the nation’s food supply, nearly 35 years after it was barred from cosmetics because of potential cancer risk. Read story

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Dec. 18, 2024.

Stock market today: Wall Street rips higher after inflation data and strong bank profits

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Dec. 18, 2024.

January 15, 2025, 1:38pm Business

U.S. stocks ripped higher Wednesday following a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks also helped launch indexes to their best day in two months. Read story

Two Vancouver business owners fined $116,000 over violating asbestos rules

January 15, 2025, 11:59am Business

Two Vancouver business owners are facing a combined $116,000 in fines for ignoring rules to protect people and the environment from asbestos at a home-flipping site. Read story

An endangered North Atlantic right whale entangled in fishing rope is seen Dec. 2 with a newborn calf in waters near Cumberland Island, Ga.

Biden administration withdraws rules to save endangered whales from collisions

An endangered North Atlantic right whale entangled in fishing rope is seen Dec. 2 with a newborn calf in waters near Cumberland Island, Ga.

January 15, 2025, 10:49am Business

The federal government is withdrawing a proposal that would require more ships to slow down in East Coast waters to try to save a vanishing species of whale, officials said Wednesday. Read story

U.S. steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia

January 15, 2025, 10:47am Business

The U.S. Treasury Department said Wednesday that it's expanding the web of sanctions on companies and institutions supporting Russia's war efforts in Ukraine, re-designating about 100 entities for sanctions and placing sanctions on 15 new entities. Read story

Biden’s big semiconductor law will ramp up U.S. chip production — but at a high cost, report finds

January 15, 2025, 9:58am Business

A sweeping 2022 law, touted by President Joe Biden as a way to revive U.S. manufacturing of semiconductors and reduce the country’s reliance on foreign-made computer chips, will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost and might not deliver… Read story

Supreme Court will hear Texas anti-pornography law that challengers say violates free-speech rights

January 15, 2025, 9:57am Business

A Texas anti-pornography law is going before the Supreme Court on Wednesday in a collision of free speech rights, regulation of online content and the protection of children. Read story

Traffic moves along Pioneer Street in Ridgefield near Costco on Jan. 8. A portion of the thoroughfare closed for three months. Businesses are wary about how that will affect customers trying to reach them.

Ridgefield businesses wary about 3-month closure of Pioneer Street

Traffic moves along Pioneer Street in Ridgefield near Costco on Jan. 8. A portion of the thoroughfare closed for three months. Businesses are wary about how that will affect customers trying to reach them.

January 15, 2025, 6:09am Business

Customers flocking to Ridgefield’s new Costco have backed up traffic on Pioneer Street. But the effect on neighboring businesses hasn’t been all bad, although they are wary of what a three-month-long road closure could mean. Read story

FILE - Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, on Oct. 5, 2024, in Butler, Pa.

SEC sues Elon Musk, saying he didn’t disclose Twitter ownership on time before buying it

FILE - Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, on Oct. 5, 2024, in Butler, Pa.

January 14, 2025, 5:31pm Business

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. Read story