Category: Business
ICE raids and their uncertainty scare off workers and baffle businesses
By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — Farmers, cattle ranchers and hotel and restaurant managers breathed a sigh of relief last week when President Donald Trump ordered a pause to immigration raids that were disrupting those industries and scaring foreign-born workers off the job. “There was finally a sense of calm,’’ said Rebecca…
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Amazon CEO Jassy says AI will reduce its corporate workforce in the next few years
By MICHELLE CHAPMAN, AP Business Writer Amazon CEO Andy Jassy anticipates generative artificial intelligence will reduce its corporate workforce in the next few years as the online giant begins to increase its usage of the technology. “We will need fewer people doing some of the jobs that are being done today, and more people doing…
Read MoreMonfort Companies signs 10-year lease at 1900 Lawrence
Monfort Companies, an investment and development company based in Colorado, has signed a 10-year lease at 1900 Lawrence, a recently completed 30-story tower in Denver’s Central Business District. Montfort Cos. will occupy Suite 1930, a number selected to honor the founding year of Monfort of Colorado. The company will move into its new headquarters in…
Read MoreLawmakers demand Denver company provide information about U.S. contracts
Ten Democratic lawmakers sent a letter to Denver-based Palantir on Monday demanding that the technology company answer questions about its expanding federal contracts under the Trump administration. The letter cited a New York Times article in May that reported the Trump administration had broadened Palantir’s work across the government, with the company receiving more than…
Read MoreMore Safeway, Albertsons workers authorize strike; negotiations set to resume
Safeway workers in several Colorado cities entered the third day of labor strikes Tuesday against Safeway and Albertsons over alleged unfair labor practices, with picketing in Grand Junction prompting a temporary store closure. The store at 2901 F Rd., appeared to have roughly 30 workers participating in the strike, according to a video posted on…
Read MoreBootseller closes Cherry Creek HQ, 14 stores during ‘severe liquidity crisis’
The Denver-based bootseller Freebird has left its corporate headquarters in Cherry Creek, laid off staff, and is closing at least 14 of its 20 stores while it works to find a buyer. Freebird has been under the control of a court-appointed caretaker, the turnaround company Ampleo, since being sued by KeyBank in May for allegedly not repaying…
Read MoreUS and UK announce a trade deal, but steel imports are still being negotiated
By JILL LAWLESS, Associated Press KANANASKIS, Alberta (AP) — U.S. President Donald Trump and British Prime Minister Keir Starmer said Monday that they had signed a trade deal that will slash tariffs on U.K. auto and aerospace industry imports — but they are still discussing how to handle steel production. The pair spoke to reporters at the Group of Seven…
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Safeway workers strike expands to stores in Castle Rock and Littleton
Safeway workers in Castle Rock and Littleton walked off the job Monday, joining employees in several other Colorado cities to strike against Safeway and Albertsons over what the union says are unfair labor practices. Workers at the Littleton store on Broadway and Mineral Avenue and the Castle Rock location at 880 S. Perry St. took…
Read MoreThe Trump family’s next venture, a mobile phone company
By BERNARD CONDON, AP Business Writer NEW YORK (AP) — The Trump family said it is licensing its name to a new mobile phone service, the latest in a string of ventures that have been announced while Donald Trump is in the White House despite ethical concerns that the U.S. president could mold public policy for…
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Credit scores decline for millions as US student loan collections restart
By CORA LEWIS, Associated Press NEW YORK (AP) — Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection. After 90 days of non-payment, student loan servicers report delinquent, or past-due, accounts to major credit bureaus, which use the information to…
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