MONEY NEWS FROM THE ASSOCIATED PRESS

Money

wealth tax...
Frank Sumrall

Progressive group’s study debunks myth that ‘wealth tax’ drives rich residents out of WA

One progressive think tank is combating the belief that, if a wealth tax is established in budget plans aimed at closing a $16 billion shortfall, the wealthiest Washingtonians still wouldn't leave the state in droves in response.
1 year ago
AT&T redmond...
Frank Sumrall

AT&T leaves Redmond Town Center as companies shrink their Seattle-area footprint

AT&T Inc. is departing its corporate office in Redmond in the latest major company exodus from the region.
1 year ago
disney office space...
MyNorthwest Staff

Disney downsizes its Seattle office space in latest corporation exodus from region

The Walt Disney Company decided to downsize the office space the company occupies in Seattle last quarter, according to a report from CBRE Commercial Real Estate last week.
1 year ago
tariffs seattle businesses...
Heather Bosch

This will cost ‘half of my total anticipated profit’: Seattle businesses fight to survive turbulent tariffs

The Trump administration's shifting tariffs are wreaking havoc on Seattle businesses' bottom lines and, in some cases, threaten their survival and the jobs they provide.
1 year ago
forever 21...
Michelle Chapman and Anne D’Innocenzio, The Associated Press

Forever no more. Operator of mall staple Forever 21 files for bankruptcy protection

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.
1 year ago
gas pumps...
Brooke Griffin, KIRO 7 News

Gas pumps around Washington could be giving different amounts of fuel than what you paid for

Have you ever wondered if your local gas pumps are really giving you the amount of fuel you’re paying for?
1 year ago
egg prices...
Mae Anderson, The Associated Press

Egg prices continue to hit records as Easter and Passover approach, but some relief may be coming

Egg prices again reached a record high in February, as the bird flu continues to run rampant and Easter and Passover approach.
1 year ago
stock market local...
Deborah Horne, KIRO 7 News

Local concern rising after stock market plunge

The U.S. stock market saw a deeper sell-off on Monday as investors reacted to ongoing economic uncertainties, including trade policies and concerns over tariffs.
1 year ago
economic blackout...
Anne D'Innocenzio and Haleluya Hadero, The Associated Press

Economic Blackout: Will a 24-hour boycott make a difference?

A grassroots organization is encouraging U.S. residents not to spend any money Friday through an "economic blackout" to protest what the group’s founder sees as the malign influence of billionaires, big corporations and both major political parties.
1 year ago
expedia layoffs...
MyNorthwest Staff

Seattle-based Expedia confirms more layoffs despite profitable 2024

While the specific number of employees has yet to be revealed, Expedia Group has confirmed that it is going to lay off more workers.
1 year ago
starbucks ceo niccol...
Louie Tran, KIRO 7 News

Starbucks CEO Brian Niccol awarded $96 million pay package after 4 months on the job

Starbucks CEO Brian Niccol's compensation package makes him one of the highest-paid executives in corporate America.
2 years ago
Bill Kaczaraba

A new day and a new way as Starbucks tries to turn financials around

Starbucks has reintroduced and unveiled new amenities in its stores starting today.
2 years ago
Image: A Costco sign can be seen outside of the Shoreline store location on Oct. 10, 2024....
Steve Coogan

Costco’s big beverage swap: Coke is returning to store food courts

Costco has confirmed its food courts will stop offering Pepsi products in its soda fountains this summer and replace them with Coke products.
2 years ago
rei ceo...
Frank Sumrall

REI CEO announces surprise retirement

The CEO of REI, Eric Artz, announced he is retiring. The Issaquah-based co-op stated Artz will leave the position at the end of March.
2 years ago
pse...
Frank Sumrall

What PSE’s newly increased rates mean for your budget

Expect to be paying more for gas and electricity if you're a Puget Sound Energy (PSE) customer after recently-approved rate hikes.
2 years ago
Photo: Beth's Cafe....
Frank Sumrall

‘Might become a delicacy:’ Beth’s Cafe, other eateries worried about growing egg shortage

The U.S. is facing a nationwide egg shortage due to an increase in avian flu cases, causing eggs to go for exorbitant prices.
2 years ago
bellevue...
Julia Dallas

Healthcare company pays Washington more than $1M for overbilling

A healthcare company was ordered to pay the state of Washington more than $1 million, according to a news release from the AG's Office.
2 years ago
real estate housing market washington...
Bill Kaczaraba

Challenging real estate market claims more victims

Redfin announced a new layoffs Thursday, according to GeekWire. The Seattle-based real estate company said 46 managers will be let go.
2 years ago
Onomen Uduebor faces a three-count indictment for allegedly stealing and misusing tax information....
Bill Kaczaraba

Consumer Man: ‘Junk fees’ transparency to take effect mid-year

The Federal Trade Commission has finalized a new rule requiring transparent pricing for hotel rooms, vacation rentals, and live events.
2 years ago
Bill Kaczaraba

Macy’s will close more Washington stores amid financial struggles

Macy's is set to close three stores in Washington as part of its ongoing efforts to refocus on its most successful properties
2 years ago
Photo: A study by the University of Washington Foster School of Business showed significant discrim...
Bill Kaczaraba

UW Study: Significant discrimination in lending practices against minority-owned businesses

A study by UW has uncovered significant disparities in lending practices affecting businesses owned by people of color and women.
2 years ago
seattle housing...
Frank Sumrall

Seattle mayor’s plan to double housing capacity sparks debate, concern among city council

Seattle Mayor Bruce Harrell's plan to double the city's housing over the next 20 years was the central focus of the latest council meeting.
2 years ago
Image: Employees walk through a lobby at Amazon's headquarters in Seattle....
Steve Coogan and Julia Dallas

Expect traffic: Amazon employees in Washington begin return to office full time

Thursday, Jan. 2 is the day Amazon employees need to begin reporting to the office five days per week instead of three days per week.
2 years ago
Photo: A waiter works at a restaurant in 2022....
MyNorthwest Staff

New year brings more money as Seattle’s minimum wage rises

The new year will come with extra money as Seattle's minimum wage rises Wednesday, as stated by the city of Seattle.
2 years ago