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Top News & Analysis Seattle

  • The New York- based company priced its initial public offering at the low end of its $10 to $11 per share estimate issued earlier in the day. It lowered the range from $15 to $17 after potential investors expressed concerns about the $13.7 billion Amazon deal as well as Blue Apron's marketing costs and lack of profitability, people familiar with the matter said.

  • NEW YORK, June 28- Stocks of large U.S. home builders and building materials companies are poised to rise as millennials age and need housing, according to Bill Smead, the chief executive of Smead Capital Management. The title of the animated TV show is his shorthand for Amazon.com Inc, electric car maker Tesla Inc, and technology companies such as Google parent...

  • Pennsylvania Avenue at dusk, Washington D.C.

    Residents of only one U.S. City make enough income to purchase a new car with a prudent loan repayment schedule, USA Today reports.

  • NEW YORK, June 27- U.S. single-family home prices rose in April due to tight inventory of houses on the market and low mortgage rates, a survey showed on Tuesday, and economists see no imminent change in the trend. Despite coming in below expectations, David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said the supply of...

  • The latest: Amazon's move to purchase Whole Foods has spurred worries about a decline in quality and ethical standards, or that the store will become like other supermarkets. Walmart's purchase of clothing labels ModCloth and Bonobos has some shoppers anxious that the world's largest retailer will cheapen the quality of the clothes, or they're vowing not to...

  • LANSING, Mich.— Online retailer Amazon plans to further extend its U.S. hiring binge into Michigan by spending up to $140 million and adding 1,600 full-time jobs at a new facility outside Detroit after being awarded a $5 million state incentive on Tuesday. Amazon currently has 277 employees in the state, according to a memo prepared by the Michigan Economic...

  • US home prices grow just 5.5 percent in April, missing analysts' expectations

    The U.S. National Home Price NSA Index reports a 5.5 percent annual gain in April, down slightly from 5.6 percent in March, according to data from S&P CoreLogic Case-Shiller.

  • Seattle, Portland and Dallas reported the largest year-over-year gains in April. Home prices jumped 12.9 percent in Seattle, 9.3 percent in Portland and 8.4 percent in Dallas. The number of homes available for sale nationwide has fallen 8.4 percent in the past year to just 1.96 million, according to the National Association of Realtors.

  • Raising the wage in Seattle

    CNBC's Kate Rogers reports on the study suggesting Seattle's minimum wage increase is hurting their economy.

  • For an average low-wage Seattle worker, that's a loss of about $125 per month, the study said. Seattle was one of the first U.S. cities to adopt a $15 minimum wage law, and its experience is being closely watched as other cities have followed suit and as advocates push for a higher federal minimum wage. The current minimum wage in Seattle ranges from $11 to $15, and...

  • SEATTLE— After an online outcry, a Seattle Police Department video in which an officer playing a video game discussed the recent fatal police shooting of a pregnant mother has been removed from social media. Sean Whitcomb discussed Sunday's fatal shooting of Charleena Lyles struck many as inappropriate, although Whitcomb's video-game character just...

  • Those are among the possible scenarios that unnerved the food industry last week, when Amazon announced a $13.7 billion megadeal to acquire Whole Foods. But the deal has the potential to boost the outsized ambitions of Amazon CEO Jeff Bezos and Whole Foods chief John Mackey, each of whom has already radically altered the way Americans shop.

  • June 22- Ford Motor Co said on Thursday it would expand its shuttle service Chariot to Seattle, making the city its third market in the United States. Ford agreed to buy San Francisco- based Chariot last year to expand beyond auto manufacturing and take another step toward becoming a mobility company. Chariot operated 100 Ford Transit shuttles in the San...

  • LAS VEGAS— Las Vegas property owners interested in renting out their properties for brief periods will have to comply with new rules passed Wednesday meant to crack down on a booming short-term rental industry that has raised concerns among some residents and local officials. Figures released in February by the San Francisco- based home-sharing service...

  • WASHINGTON— Americans shopping for a house are facing an intensifying set of pressures: Fewer and fewer homes are being listed for sale, while prices are climbing at a pace that most incomes can't possibly match. The May sales report released Wednesday by the National Association of Realtors shows a housing market unable to meet the demand from would-be buyers.

  • PARIS, June 21- Emirates, the Middle East's largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday. Emirates announced in April it would cut flights on five U.S. routes from May, blaming travel restrictions imposed by President Donald Trump's administration for...

  • RIYADH, Saudi Arabia— The Latest on Saudi Arabia's King Salman appointing his son Mohammed bin Salman as crown prince:. Oman has strained ties with Saudi Arabia over serving as a diplomatic channel for the West to Iran. The tiny island off the coast of Saudi Arabia sent several messages on Wednesday welcoming the ascension of Crown Prince Mohammed bin Salman, the...

  • SAN FRANCISCO, June 20- Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm's broader effort to improve an often-contentious relationship. San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature...

  • SAN FRANCISCO— Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. The San Francisco company will continue to collect part of ride-cancellation fees, as well as the waiting-time charges. The tipping option, long available in the app of rival...

  • SEATTLE— Seattle's $15- an-hour minimum wage law has boosted pay for restaurant workers without costing jobs, according to a study released Tuesday. The report, from the University of California at Berkeley's Institute for Research on Labor and Employment, is certain to add to the debate as activists around the country push for increases in local, state and...