Michelle Davenport Business Editor Portland City Council voted 10-0 to uphold the Lloyd Center Central City Master Plan on Wednesday, clearing the way for the demolition of the 65-year-old mall and its historic ice rink. While property owners plan to close the site permanently in August, displaced skaters and community members are organizing to secure a new permanent rink. … Read more
The Dow Jones Industrial Average closed at a record high on Wednesday, August 5, 2026, driven by rising optimism over a potential peace deal involving Iran and Oman. Meanwhile, the tech-heavy Nasdaq slipped as SpaceX and Advanced Micro Devices tumbled following their latest quarterly earnings reports. Dow Reaches Record High Amid Mideast Hopes and Healthcare … Read more
The Union of European Football Associations (UEFA) announced on Thursday that it will maintain its boycott of the World Cup and all other FIFA competitions, despite FIFA President Gianni Infantino abandoning a controversial plan to sell stakes in the tournament to private equity investors. UEFA, representing 55 European nations, initially announced the boycott after FIFA … Read more
U.S. stocks hovered near record highs on Wednesday as potential Middle East peace progress offset sharp losses in artificial intelligence and technology shares. The Dow Jones Industrial Average climbed to a new record, while the S&P 500 and Nasdaq edged lower following heavy corporate spending reports from SpaceX and Advanced Micro Devices. Wall Street experienced … Read more
SpaceX engineer Andre Lavoie plans to cash in his stock following the company’s IPO in June. While the record-breaking public offering minted thousands of new millionaires, shares have cooled, and investors eye massive capital spending on artificial intelligence. When Andre Lavoie started designing pressure tanks for rocket engines at SpaceX back in 2009, part of … Read more
Nvidia reported a fiscal first quarter of 2027 ended April 26, 2026, featuring $81.6 billion in revenue and $58.32 billion in net income. Despite a 71 percent annual revenue surge to $253 billion and a massive data center expansion, the stock trades at roughly 21 times forward earnings as markets debate future growth sustainability. Nvidia … Read more
TikTok has closed its Nashville office in the Moore Building on 19th Avenue South and laid off its entire local staff, just two years after signing the lease on Music Row. The company cited restructuring efforts to streamline operations as the reason for the cuts, while confirming its platforms operations for U.S. users continue. The … Read more
SpaceX shares slumped 9% in premarket trading on Wednesday as massive capital expenditures on artificial intelligence infrastructure overshadowed a jump in quarterly revenue. Chief Financial Officer Bret Johnsen reported capital spending reached $18.4 billion, with $15.8 billion directed toward AI compute, sparking investor debate over payback timeframes following the company’s June IPO. The financial markets … Read more
Paramount CEO David Ellison is navigating a protracted legal battle as 12 state attorneys general and the Writers Guild of America sue to block his $111-billion acquisition of Warner Bros. Discovery. With a March 2, 2027, trial date set, Ellison is attempting to sway public and political opinion while managing significant financial pressures. The Legal … Read more
U.S. job openings dropped to 7.359 million in June amid declines in healthcare, while hiring rose slightly and layoffs remained steady at 1.1%, according to the Bureau of Labor Statistics. The figures point to a stable, cooling labor market operating in a slow-hire mode. June JOLTS Data Reveals Declining Openings and Steady Layoffs Available positions … Read more