Business
From local business openings to the TVA, commercial real estate and growth and development, the Times Free Press covers all aspects of the Chattanooga area’s business community
More in Business, page 11
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Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years
Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organizational changes.”
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Energy agency lowers world oil demand forecast for the year
The International Energy Agency is lowering its world oil demand forecast for the year, noting that the war in Iran is leading to escalating fuel prices, limited oil supplies and a deteriorating economic outlook.
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IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure
The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said Wednesday.
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City auditors warn vacation rental safety hazards could go undetected for years
Chattanooga does not require routine reinspections of short-term vacation rentals after issuing initial permits, a gap that could lead to safety hazards going undiscovered for years, according to an internal city audit from August.
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Nurse speaks out on CommonSpirit Memorial union push: ‘I will be voting yes’
The push to form a nurses union at CommonSpirit Memorial Hospital in Chattanooga is centered on ensuring the hospital has enough staff members and resources to treat patients well, said a nurse who plans to vote to unionize.
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Subscriber Exclusive
Brad Shumpert confirmed to Chattanooga Industrial Development Board
Brad Shumpert, a real estate attorney and private wealth advisor, is the newest member of a board overseeing Chattanooga development after the City Council confirmed his appointment Tuesday.
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Live cockroach, spoiled spinach: Chattanooga area restaurant inspections for the week ending Oct. 13.
The Hamilton County, Catoosa County and Walker County health departments inspect food service establishments twice a year, grading them on a 100-point scale.
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Big banks post strong Q3 profits, but warn higher rates and inflation could bite
Wall Street’s biggest banks reported another strong quarter on Tuesday, as the U.S. consumer continues to pay their bills and businesses keep investing heavily in AI.
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US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers.
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US stocks edge back from their record following the first big batch of profit reports for the summer
The first big batch of summertime profit reports from U.S. companies made waves on Wall Street after topping analysts’ expectations, but many canceled each other out. That left U.S. stock indexes little changed near their records on Tuesday.
