Business

Why homebuyers are racing to this Pennsylvania port city

Homebuyers searching for a bargain have made a Pennsylvania port city one of the hottest housing markets in the country. Erie, Pennsylvania, is situated on Lake Erie and is the home of Pennsylvania’s only Great Lakes port and the community’s affordability and quality of life have helped vault it up…

Volkswagen CEO says automaker weighing 50,000 additional job cuts

Volkswagen’s leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff. The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi,…

MagSafe battery chargers recalled after reports of fires, burn injuries

More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of the power banks catching fire and causing burn injuries. Flaunt is recalling about 1,400 MagSafe battery chargers due to the risk of serious injury or death from fire and burn hazards, according to the U.S. Consumer…

Disney spotlights American businesses powering its magic in nation’s 250th year

From Alaska tour operators to California engineering firms, Disney is highlighting the American companies helping power its parks, cruises and attractions as the nation celebrates its 250th anniversary. The entertainment giant’s U.S. theme parks alone generate nearly $67 billion in total economic impact and support about 403,000 jobs nationwide. Across…

The overlooked obstacle keeping America from building the homes it needs

High mortgage rates aren’t the only reason homeownership remains out of reach for many Americans. Behind the scenes, homebuilders are grappling with an overlooked challenge — a shortage of skilled workers — that is slowing construction and making it harder to close the nation’s housing gap.Builders say the labor shortage…