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 some lawmakers and communities concerned about land use, energy consumption, and the relatively low job creation. ...
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 and toys. While some companies explicitly cite tariffs, others attribute price hikes to...
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 manufacturing, potentially benefit. Savannah's port remains busy, but anticipates decreased volume. The film industry is also impacted by...
Numerous US corporations have withdrawn their financial support from Pride events this year, creating significant budget shortfalls for LGBTQ+ organizations.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 Trump administration against LGBTQ+ rights. Pride organizers in cities like San Francisco, Kansas City, and New York...
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 similar and harms Mondelez's brands. Mondelez seeks monetary damages and a cease-and-desist order. Aldi, a...
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 billion and create 70,000 jobs. Details remain unclear, with analysts suggesting it's more...
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 business owners like Sarah Wells and Barton O'Brien describe the financial strain and logistical challenges caused by...
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 a deal structured to maintain American control. Nippon Steel aims for full ownership, promising technology...
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 prices significantly, unlike other retailers like Macy's, Walmart, and Target. A federal...
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 and companies from countries with allegedly discriminatory tax policies. This includes raising taxes on passive income...
