Business

Daily News, other outlets, allege Microsoft urged Open AI to steal journalists’ work
The news organizations say Microsoft “expressly” encouraged ChatGPT users to republish reporting by journalists.

Costco target of lawsuit over grain-free dog food
The lawsuit was filed by California resident Taylor West.

Exton Square Mall is permanently closing June 30
Tenants of the Chester County Mall were told earlier this month they needed to vacate.

OpenAI limits its newest ChatGPT product to Trump-approved customers during cybersecurity review
OpenAI limits access to its new AI model as the government vets potential security risks.

Most of Wall Street rises, but sinking AI stocks send it lower for the week
Drops for AI stocks are keeping the market in check.

Save on gas with these five Edmunds-recommended used plug-in hybrid vehicles
A new plug-in hybrid is typically a lot more expensive than a regular hybrid.

Valley Forge Tourism to host free World Cup watch parties
The event will be held June 30 through July 4 at King of Prussia Mall.

Former executive sues Meta over attempts to ‘silence’ her memoir, ‘Careless People’
Former Meta executive Sarah Wynn-Williams sues to challenge gag order on memoir.

Apple increases prices for Macs and iPads, blaming a shortage of memory chips
Analysts expect iPhone prices to rise later this year.

JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon
Dimon faces health issues but remains committed to his role running the nation's largest bank.

Average 30-year US mortgage rate rises to 6.49%, little changed from its range the past 6 weeks
Borrowing costs on 15-year fixed-rate mortgages also ticked higher this week.

Allentown fire destroyed factory site with long history and plans for redevelopment
The American Atelier building, destroyed by a massive fire, has a history of light manufacturing...

AI is plowing through the workplace. This new group wants to help people adapt and have jobs
Bipartisan nonprofit wants to help Americans who find they're out of work because of AI.

PERSONAL FINANCE: Four strategies to make the most of your charitable giving in 2026
Thoughtful planning can help your generosity create a deeper impact while aligning with your broader...

Five ways to avoid tax penalties in 2026
The tax code provides several “safe harbors” and strategic maneuvers.

Wall Street drifts to a mixed finish after Micron soars and Apple drops
The broad U.S. stock market got a lift from easing Treasury yields in the bond...

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The increase was largely driven by more expensive gas, as well as pricier semiconductors.

US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
Business investment surged, probably reflecting an investment boom in AI.

US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
The four-week moving average of jobless claims rose by 750 to 224,250.

Americans are inundated with suspected scams. New polling shows why few victims report them
More than half, 58%, of U.S. adults said they receive daily scam attempts.

Snap sued over rape of minor who connected to adult attacker on Snapchat
The lawsuit claims Snap has refused to disable inherently dangerous features.

Peppermint Stick Candy Store and Ice Cream Parlor named among the best
The Boyertown sweet shop made USA TODAY’s 10 Best Readers' Choice Awards in two categories.

Court filing reveals President Trump spoke to Live Nation CEO before antitrust case was settled
A jury eventually concluded the company was a monopoly after DOJ settlement.

All 32 of the nation’s biggest banks clear the Fed’s annual ‘stress test’
Test assesses whether banks' capital levels would stay robust despite significant projected losses.

Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?
Refusal could impact aspiring homeowners and renters at a time of high costs.

Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
Here's what to know about multifaceted gas prices.

Barley Snyder expands its global capabilities
The area law firm adds International Business and Trade Group

Agility Robotics heads to Wall Street in a $2.5B bet on staffing warehouses with humanoids
The Oregon-based company announced a planned merger with an investment firm.

Tech entrepreneurs seeking the next AI frontier are pivoting from chatbots to ‘world models’
AI researchers are moving beyond chatbots to world models that learn physical reality.

AI is an energy and water hog, here’s what you can do to counter that
Discover how to reduce your digital footprint as AI usage consumes energy and water.

IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says
The IRS started 2025 with about 102,000 employees and finished with about 74,000.

Is an annual or monthly subscription better? Plus more June money questions
Streaming subscription providers often offer a significant discount for the yearly payment cadence.

Anthropic’s Mythos model found vulnerabilities in classified US government systems, official says
The official said the testing was done through an Anthropic initiative called Project Glasswing.

US stocks end mixed, weighed down by more losses for tech giants
Technology stocks were mixed after two days of losses.

AI stock slump raises the question if investors are just taking profits or getting very nervous
Tech companies are spending big on AI, but investors might be getting nervous.

US workers lose buying power after war drives up prices
Americans have seen their paycheck eaten up by a surge in everyday costs recently.

Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors
Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers.

AI chatbots hit the dating scene, becoming the lovelorn’s modern-day Cyrano
AI adopters have been using the tech in varied ways to find romance.

AI companies should release environmental impact, commit to clean energy, says UN chief
He proposed they release information about carbon, water and land used to power their systems.

40 mayors worldwide endorse a pact to shape data center development
It's their vision for how urban data center development can be done sustainably.

Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro’s government
The outcome could be an additional lever for the Trump administration to exert pressure on...

Supreme Court kills suit claiming Cisco’s technology helped China persecute Falun Gong members
The justices ruled that American courts are the wrong forum for the suits.

Worried about insurance rates? Your loyalty might be costing you
Despite stress over premiums, few consumers are taking their business elsewhere.

Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
The growing likelihood of interest rate hikes helped deflate a run-up in AI-related stocks.

American Crane CEO named 2026 ‘Entrepreneur of the Year’
Karen Norheim accepted the award on behalf of her team at the Amity Township-based crane...

Britain’s economic woes fuel discontent with Brexit a decade after historic vote to leave EU
It's not exactly a happy anniversary.

Ground beef to drive up Fourth of July grilling costs
The Wells Fargo Agri-Food Institute found that hot dogs and frankfurters are also up in...

China hits back at US sanctions on tech giants, restricting its exports to American defense firms
China has announced sanctions on 10 American defense companies.

Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
Warsh thinks the financial markets have become too dependent on Fed guidance.

5 ways to launch your best budget summer
Getting the most out of summer without overspending feels like a bigger challenge this year.

US stocks drift after oil prices ease and Big Tech stocks fall
The lower oil prices, though, did not pull down Treasury yields in the bond market.

Former Federal Reserve Chairman Alan Greenspan dies at 100
He died on Monday from complications of Parkinson’s Disease.

King of Prussia District opens Recharge Park
The public space gives area employees and visitors a chance to relax and connect.

Business Agenda for June 21
Events for the tri-county area business community.

PLANNING AHEAD: A closer look at new federal Medicaid work requirements
Some details are still to be determined.

The world wants more high-protein products, but there’s not enough whey to go around
Whey protein concentrate is a powdered byproduct of cheese-making.

Edmunds’ five best used performance cars for less than $25,000
A realistic budget now opens the door to a wide range of performance.

The skills people still perform better than AI, according to workplace experts
Experts say soft skills such as empathy can help employees demonstrate their value.

Can wearing a glucose monitor make you healthier? Here’s what happened to students who did
This device has proven to be highly effective for diabetics.

A lifetime of savings lost: How elder financial exploitation is challenging banks and families
Financial exploitation has become one of the fastest growing threats facing older adults.

Robo firefighters, holographic assistants and universal remotes: Inside the Augmented World Expo
Qualcomm is powering most of this new tech. Here are a few developments that illustrate...

Trumark Cares Foundation raises more than $12,700 at annual event
‘Pickleball with Purpose’ proceeds will fund community grants, economic empowerment, and local outreach programs.

Is it worth it economically for US cities to host the World Cup?
FIFA gets to keep the vast majority of the revenue.

World shares are mixed and US futures fall after a tech-led rally on Wall St
World shares mixed as stalled US-Iran peace talks and inflation fears cloud outlook.

World Cup ticket buyers are left stranded as resale purchases fall through
Many complaints are about industry titan StubHub.

Black bank card program to steer cash payments to single mothers in government housing
The youngest child of Rev. Martin Luther King Jr. is a co-founder of the bank.

What full-time working moms and dads want, by the numbers
The majority of U.S. mothers and fathers work full time.

The best places to park your short-term investments
Yields are important, but so are liquidity considerations and guarantees.

Pa. Attorney General warns job seekers about employment scams
Offers tips to avoid becoming a victim.

More Americans are hungry in the face of federal cuts, rising grocery prices
Families are facing rising grocery prices just as many are losing access to SNAP.

Customers brave long lines for new Trader Joe’s summer tote bags
The new striped mini totes come in four different pastel colors.

Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
U.S. mortgage rates fell this week as Treasury yields retreat following ceasefire news.

Federal regulators order grid operators to speed power to energy-hungry AI data centers
Regulators voted to speed up power connections for AI data centers amid rising demand.

Eager to work, teens find a frustrating summer job search
Summer jobs are becoming harder to find for teens as entry-level roles continue to drop.

Don’t wait: What borrowers need to know about changing student loan plans
New federal student loan policies begin July 1, impacting repayment plans and loan limits.

Want to use a HELOC to pay off debt? Read this first
HELOCs come with a tradeoff: lower interest rates in exchange for higher risk.

Stocks rise on Wall Street, erasing much of their loss from a day earlier
Crude oil prices continued to fall after the US and Iran signed an agreement to...

US filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low
The four-week moving average of jobless claims rose by 4,000 to 223,250.

US gas prices below $4 for 1st time since March, but remain 25% higher than last year
Gas prices are $3.999 on average in the U.S., but fluctuations remain across the country.

Members 1st Charitable Foundation awards $56,500 to 13 nonprofits
2 Berks organizations are among the recipients

Bernie Sanders unveils plan to give the public direct ownership of AI companies
The legislation would create a sovereign wealth fund overseen by an independent commission.

French president urges US to share cutting-edge AI and democracies to cooperate on regulation
The meeting follows tensions over tech sovereignty, especially in Europe.

How to earn credit card rewards without making it a part-time job
A simple swap would be a card that earns 2% cash back on all purchases.

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
Fed officials dropped language suggesting their next move would be to cut rates.

US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve
Treasury yields held relatively steady in the bond market ahead of the Fed’s decision.

Retail sales up 0.9% in May from April as warm weather and cooling gas prices enticed spending
Sales got a boost from generous government tax refunds in both April and May.

City Express by Marriott has opened in King of Prussia
The opening follows Gulph Creek Hotels' conversion of former Prussia Hotel.

Nvidia’s Jensen Huang says society needs ‘new social norms’ in the age of AI
Nvidia CEO Jensen Huang says society must create new social norms to adapt to AI.

Nvidia’s Huang pledges AI will boost manufacturing jobs. A test will come in Texas
Nvidia CEO Jensen Huang believes AI can create jobs rather than replace them.

McDonald’s is serving fried apple pie again for America’s 250th birthday
McDonald’s is one of several fast food companies offering semiquincentennial treats.

ON LEADERSHIP: Finding peace is an inside job
Everyone wants peace, but most of us look for it in the wrong places.

What happens when AI costs more than workers?
The problem is scale — because many companies aren’t stopping with one subscription.

Twin Valley Coffee reopens at original Berks location
Owners Lynn and Lynne Burkholder call the opening a ‘homecoming.’ In addition to the Berks...

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
Economists say Warsh will likely aim for a neutral approach.

Oil drops below $80 per barrel, while tech stocks weigh on a mixed Wall Street
Oil prices dipped below $80 per barrel for the first time since early March.

Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion
Last year, Yum Brands' global sales rose 5% but Pizza Hut's sales fell 2%.

Higher prices for gas, groceries and flights will likely outlast the Iran war
Businesses expect higher costs to linger, so customers may need to prepare for that too.

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI
Cursor, which started in 2022, helped sparked a trend called “vibe coding.”

Pa. Supreme Court ruling puts future of skill games in question
The Pa. Supreme Court’s opinion could have seismic impacts on Pennsylvania, where skill games have...

Cybersecurity executives urge the Trump administration to ease restrictions on Anthropic AI models
Cybersecurity experts urge the U.S. to lift restrictions on advanced AI models.
