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The surging demand for AI and cloud computing fuels a data center boom, prompting states to offer lucrative incentives to attract these energy-intensive facilities. However, this competition is met with resistance from s…
Major US retailers, including Costco, Walmart, Target, and Nike, are raising prices or plan to do so to offset the impact of tariffs. These price increases affect various goods, from groceries and clothing to electronics…
Georgia's economy, a bellwether for the impact of Trump's tariffs, shows mixed results. The hospitality and wine industries face hardship due to tariff uncertainty and logistical bottlenecks, while others, like manufactu…
Numerous US corporations have withdrawn their financial support from Pride events this year, creating significant budget shortfalls for LGBTQ+ organizations. This follows a shift in public opinion and actions by the Trum…
Mondelez International, maker of Chips Ahoy and Oreos, is suing Aldi for allegedly copying the packaging of its popular cookie and cracker brands. The lawsuit, filed in Illinois, claims Aldi's packaging is confusingly si…
President Trump is celebrating a new partnership between U.S. Steel and Nippon Steel in Pittsburgh. While initially opposing the deal on national security grounds, Trump now claims it will boost the U.S. economy by $14 b…
Federal courts have blocked President Trump's tariffs, offering relief to small business owners burdened by increased costs. However, the White House plans to appeal, leaving businesses uncertain about the future. Small …
Nippon Steel's $14 billion bid to acquire U.S. Steel is nearing completion after President Trump's apparent endorsement. Trump's announcement of a 'partnership' is seen as a reversal of his prior opposition and suggests …
Gap Inc. projects a $100-$150 million loss this year due to President Trump's tariffs on Chinese and other imported goods. Despite a recent 2% sales increase, the company plans to absorb the costs rather than raising pri…
A controversial tax provision within the recently passed US tax bill is raising concerns. Section 899, titled "Enforcement of Remedies Against Unfair Foreign Taxes," empowers the US to increase tax rates on individuals a…
E.L.F. Beauty acquired Hailey Bieber's beauty brand, Rhode, for $800 million in cash and stock. Rhode, known for its blushes and lip glosses, has experienced rapid growth in just three years, largely due to Bieber's sign…
Williams Companies is reviving plans to build two natural gas pipelines in New York State, reversing previous decisions due to environmental concerns. New York had blocked the Constitution and Northeast Supply Enhancemen…
Gap Inc. announced first-quarter earnings that beat expectations, but warned that new tariffs could impact its business by $100 million to $150 million. The company has mitigated about half the potential $250-$300 millio…
Market Basket CEO Arthur T. Demoulas has been placed on leave by the board of the New England grocery chain. The board cites oversight concerns and disputes over succession planning as reasons for the action, alleging De…
Costco's fiscal third-quarter earnings and revenue surpassed analysts' expectations, with earnings per share reaching $4.28 against a projected $4.24 and revenue hitting $63.21 billion versus an anticipated $63.19 billio…
Victoria's Secret's website remains offline following a cyberattack that began earlier this week, impacting online sales and causing an 8% drop in its stock price. The company proactively shut down its website and some i…
A US court struck down President Trump's reciprocal tariffs. Goldman Sachs predicts the White House will circumvent this ruling by appealing and using executive powers under Section 301 or Section 122 of the 1974 Trade A…
Trump's fluctuating tariff policies have created a profitable trading strategy dubbed "TACO" (Trump Always Chickens Out). This strategy involves buying stocks after Trump announces tariffs, anticipating their subsequent …
United and JetBlue announced a new partnership, "Blue Sky," involving flight swaps at New York airports, reciprocal loyalty program benefits, and codeshare agreements. United gains access to JFK airport, easing congestio…
Nvidia's first-quarter revenue surged over 69%, exceeding expectations despite recent tariff uncertainty. Strong demand for its AI chips fueled the growth, easing concerns about the impact of tariffs recently blocked by …
Best Buy reported lower-than-expected first-quarter revenue ($8.77 billion vs. $8.81 billion expected) and reduced its full-year sales and profit guidance due to increased tariffs on consumer electronics. The company now…
Nvidia's Q1 revenue surged 69% to $44.06 billion, driven by a 73% jump in data center revenue. However, US export restrictions on AI chips effectively closed the $50 billion Chinese market to Nvidia, resulting in a $4.5 …
Despite wildfire damage and challenges, California avocado growers are optimistic due to booming US demand. Mexican avocado imports, initially feared as competition, have fueled year-round availability and increased cons…
Nvidia reported a $4.5 billion Q1 charge and a projected $8 billion Q2 revenue hit due to US chip export restrictions impacting sales of its H20 AI chip to China. The restrictions prevented $2.5 billion in H20 sales duri…
HP's second-quarter revenue surpassed expectations at $13.22 billion, exceeding the projected $13.14 billion. However, earnings per share (71 cents) fell short of the anticipated 80 cents, leading to a 15% stock drop. Th…