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    Economy

    73 posts
    • Economy

    Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

    • April 30, 2025
    • admin
    Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development.  Bourla’s remarks on the…
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    IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

    • April 30, 2025
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    International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe…
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    On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

    • April 29, 2025
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    “60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the…
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    Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

    • April 26, 2025
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    If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected…
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    Amazon and Nvidia say AI data center demand is not slowing down

    • April 25, 2025
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    OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech…
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    American liquor exports hit record high in 2024, driven by tariffs

    • April 25, 2025
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    U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published…
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    Amazon and Nvidia say AI data center demand isn’t slowing

    • April 25, 2025
    • admin
    OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech…
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    • Economy

    Boeing CEO says China has stopped taking its aircraft amid trade war

    • April 24, 2025
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    Boeing could hand over some of its aircraft that were destined for Chinese airlines to other carriers after China stopped taking deliveries of its planes amid a trade war with the…
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    Inside the $1 billion berry startup backed by Ray Dalio’s family office

    • April 24, 2025
    • admin
    Berry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries. The company, which was founded in 2012, announced on Tuesday…
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    California homeowners allege home insurance companies colluded to deny coverage

    • April 24, 2025
    • admin
    LOS ANGELES — A group of California homeowners is taking on insurance companies that they say illegally coordinated to deny coverage to fire-prone areas, leaving thousands of displaced residents drastically…
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