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Breaking News: Economy

‘30% is untenable’: From Irish whiskey to Italian cheese, Trump’s tariff threat rattles EU exporters

July 19, 2025 by Admin
‘30% is untenable’: From Irish whiskey to Italian cheese, Trump’s tariff threat rattles EU exporters

June O’Connell, founder and director at Irish gin and whiskey-makers Skellig Six18 Distillery, said U.S. tariffs have hit her business hard this year. Paul McCarthy | Skellig Six18 Distillery Along the “last road in Ireland,” on the country’s rugged west coast, June O’Connell’s business Skellig Six18 makes gin and whiskey — …

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Elizabeth Warren targets price gouging and Trump in new bill as tariff costs, inflation increase

July 17, 2025 by Admin
Elizabeth Warren targets price gouging and Trump in new bill as tariff costs, inflation increase

With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-Mass.), introduced a bill to target price gouging by the market’s biggest companies. The Price Gouging Bill of 2025 — introduced …

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North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy

July 10, 2025 by Admin
North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy

With a solid economy, a world-class workforce, and a wealth of corporate hospitality, North Carolina is America’s Top State for Business in 2025. The Tar Heel State is on a roll. It captured top honors in the annual CNBC rankings in 2022 and 2023, and it was runner-up in 2021 …

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Op-ed: U.S. is losing rare earth metals war to China, and running out of time to win it back

June 29, 2025 by Admin
Op-ed: U.S. is losing rare earth metals war to China, and running out of time to win it back

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. China Stringer Network | Reuters In April 2025, China imposed new export controls on seven rare earth elements and the permanent magnets derived from them — materials that form the foundation of …

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Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down

June 27, 2025 by Admin
Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down

Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and …

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The Home Depot parking lot labor economy is at heart of Trump’s ICE immigration battle

June 27, 2025 by Admin
The Home Depot parking lot labor economy is at heart of Trump’s ICE immigration battle

U.S. Border Patrol and protesters clash after a raid was conducted by Immigration and Customs Enforcement near a Home Depot on June 7, 2025 in Paramount, California. Around 30 agents wearing tactical gear were stationed near a Home Depot in Paramount and faced off against protesters, south of downtown Los …

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Tankers showing caution around Strait of Hormuz after U.S. attack on Iran nuclear sites

June 23, 2025 by Admin
Tankers showing caution around Strait of Hormuz after U.S. attack on Iran nuclear sites

View looking north showing the Strait of Hormuz, connecting the Gulf of Oman with the Persian Gulf, with the Zagros Mountains and Qeshm Island of Iran in the background, and areas of Oman, Muscat and the United Arab Emirates in the foreground, as seen from the Space Shuttle Columbia during …

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‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties

June 18, 2025 by Admin
‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties

Colorful display of All Star Converse sneakers in shoe store, Manhattan, New York. Lindsey Nicholson | Universal Images Group | Getty Images Would you be bothered if your coat was officially classified as a windbreaker or a raincoat, or your shoes as slippers? Businesses do care though, as classifications under …

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Poll: Americans disapprove of Trump’s performance, as Republicans manage splits over spending plans

June 15, 2025 by Admin
Poll: Americans disapprove of Trump’s performance, as Republicans manage splits over spending plans

President Donald Trump delivers remarks before signing a series of bills related to California’s vehicle emissions standards during an event in the East Room of the White House on June 12, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump’s second-term approval rating remains …

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Israel targets Iran’s defense ministry as Tehran unleashes deadly missile strike

June 15, 2025 by Admin
Israel targets Iran’s defense ministry as Tehran unleashes deadly missile strike

Emergency and rescue soldiers search for trapped people around heavily damaged buildings after an overnight missile strike from Iran on June 15, 2025 in Bat Yam Israel. Iran launched a retaliatory missile strike on Israel starting late on June 13, after a series of Israeli airstrikes earlier in the day …

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