Local News & Insights

Stay informed with the latest financial news, market updates, and community developments in Seattle.

Trump media company announces a massive loss and new turnaround effort
businessAug 10, 2026

Trump media company announces a massive loss and new turnaround effort

Trump's media company has reported significant losses in the most recent quarter. In response, the company plans to abandon new business initiatives and refocus on providing a platform for user-generated content.

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Magic Mouse Toys closes abruptly after nearly 5 decades in Pioneer Square
real estateAug 10, 2026

Magic Mouse Toys closes abruptly after nearly 5 decades in Pioneer Square

Magic Mouse Toys has closed its doors after nearly 50 years of operation in Pioneer Square. The closure notice posted on the door expressed gratitude to customers and the community, but provided little explanation for the abrupt decision.

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Microsoft plans production boost for AI chips, report says
businessAug 10, 2026

Microsoft plans production boost for AI chips, report says

Microsoft is reportedly planning to increase its production of AI chips, aiming for over 300,000 units to be delivered in 2027. The company is in talks with Taiwan Semiconductor Manufacturing to secure the necessary manufacturing capacity.

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Traffic to Trump’s Truth Social falls sharply this summer
businessAug 10, 2026

Traffic to Trump’s Truth Social falls sharply this summer

Traffic to Trump's Truth Social has seen a significant decline, with monthly visitors dropping approximately 36% compared to the previous year. This trend highlights challenges the platform is facing in maintaining user engagement. The decrease in traffic raises questions about the platform's future viability.

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Canada puts the military on standby as British Columbia wildfires kill 1 and displace thousands
businessAug 10, 2026

Canada puts the military on standby as British Columbia wildfires kill 1 and displace thousands

Canada has activated its military to assist in combating wildfires in British Columbia, which have resulted in one fatality and the displacement of thousands. The situation continues to escalate as rapid-fire blazes cause widespread destruction in the region.

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Seahawks buyer Vinod Khosla chimes in on discussion of grass at Lumen Field
businessAug 10, 2026

Seahawks buyer Vinod Khosla chimes in on discussion of grass at Lumen Field

Vinod Khosla, the buyer of the Seahawks, has refrained from commenting on the team until the sale is finalized. However, he engaged in a discussion on social media regarding the grass at Lumen Field.

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How major US stock indexes fared Monday 8/10/2026
businessAug 10, 2026

How major US stock indexes fared Monday 8/10/2026

On August 10, 2026, major U.S. stock indexes experienced a decline, falling below their previous all-time highs. Concurrently, oil prices increased due to uncertainties surrounding the reopening of the Strait of Hormuz, which is critical for global crude oil transportation.

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Sergey Brin crosses $100 million in spending to fight CA wealth tax
businessAug 10, 2026

Sergey Brin crosses $100 million in spending to fight CA wealth tax

Sergey Brin, co-founder of Google, has surpassed $100 million in expenditures aimed at opposing California's Proposition 40. This proposition, which will be on the ballot in November, proposes a one-time 5% tax on the wealth of billionaires.

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Kalshi brings in former U.S. solicitor general as Washington state gambling case escalates
techAug 10, 2026

Kalshi brings in former U.S. solicitor general as Washington state gambling case escalates

Kalshi continues its operations in Washington despite a preliminary injunction issued by a Seattle judge. The company has appealed the decision and enlisted former U.S. Acting Solicitor General Neal Katyal to assist in its defense, highlighting the case's national significance.

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Washington state is way down the list in another ranking of the best places to live
techAug 10, 2026

Washington state is way down the list in another ranking of the best places to live

WalletHub's 2026 ranking of the best states to live in places Washington at No. 33, with an overall score of 49.70. The ranking evaluates states based on affordability, economy, education and health, quality of life, and safety.

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Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers
businessAug 10, 2026

Trump extends Jones Act waiver 90 days for foreign ships moving energy, fertilizers

President Donald Trump has extended a waiver for 90 days, permitting foreign ships to transport energy and fertilizer among U.S. ports. This decision aims to facilitate the movement of essential goods during a critical period.

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Leaving the primary, Seattle council candidates focus on Aurora Avenue and Lake City
businessAug 10, 2026

Leaving the primary, Seattle council candidates focus on Aurora Avenue and Lake City

Seattle council candidates are shifting their focus to the needs of Aurora Avenue and Lake City following the primary elections. Both candidates emphasize addressing the immediate concerns of their district as a priority, amidst broader discussions about the city's direction.

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China fails to launch a rocket carrying a coms satellite, state news agency says
businessAug 10, 2026

China fails to launch a rocket carrying a coms satellite, state news agency says

China's attempt to launch a rocket carrying a communications satellite has ended in failure, according to state news reports. This incident highlights ongoing challenges in the country's space program.

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Seattle hotel brand Staypineapple aims to grow into 'innkeeper at scale'
real estateAug 10, 2026

Seattle hotel brand Staypineapple aims to grow into 'innkeeper at scale'

Staypineapple, a Seattle hotel brand, is looking to expand its operations under the leadership of Dina Belon, who transitioned from real estate to hotel operations. Belon was inspired to join the company after noticing a large pineapple mural in the city. The brand aims to establish itself as an 'innkeeper at scale.'

Puget Sound Business Journal — RERead more
Brookfield lines up $210 million refi for Meta-leased Bellevue office buildings
real estateAug 10, 2026

Brookfield lines up $210 million refi for Meta-leased Bellevue office buildings

Brookfield Asset Management is seeking $210 million in refinancing for its office buildings leased to Meta in the Spring District. This move comes amid ongoing challenges in the Seattle office market, characterized by defaults and distressed sales.

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MacKenzie Scott steps back into spotlight with new book
businessAug 9, 2026

MacKenzie Scott steps back into spotlight with new book

MacKenzie Scott has announced the release of her new novel, marking her first book since 2013. The announcement was made on Saturday, bringing her back into the public eye after a period of relative quiet.

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The beavers are coming for Canada’s Arctic, 1 dam at a time
businessAug 9, 2026

The beavers are coming for Canada’s Arctic, 1 dam at a time

Beavers are migrating to Canada's Arctic region as temperatures rise and the environment becomes less frigid. This shift is leading to the construction of new dams, which could have significant ecological impacts. The phenomenon highlights the broader effects of climate change on wildlife distribution.

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Flight is canceled after a child refuses to be seated
businessAug 9, 2026

Flight is canceled after a child refuses to be seated

A flight from British Columbia to Toronto was canceled after a child refused to sit down and buckle their seat belt prior to takeoff. The incident highlights the challenges airlines face with passenger compliance during boarding procedures.

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‘Spider-Man: Brand New Day’ keeps record pace, ‘The Odyssey’ sets new high for Nolan
businessAug 9, 2026

‘Spider-Man: Brand New Day’ keeps record pace, ‘The Odyssey’ sets new high for Nolan

The film 'Spider-Man: Brand New Day' has achieved significant box office success, earning $144.5 million domestically in its second weekend. Additionally, 'The Odyssey' has set a new high for director Christopher Nolan, further highlighting the current trends in the film industry.

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Under Amazon, Whole Foods is shedding ‘Whole Paycheck’ reputation
businessAug 9, 2026

Under Amazon, Whole Foods is shedding ‘Whole Paycheck’ reputation

Whole Foods is working to change its reputation for high prices under Amazon's ownership. The grocery chain has introduced over 4,000 private label products aimed at attracting both loyal customers and new shoppers without overwhelming them with costs.

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