Sign In
Free Newsletter
Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.
Trump’s nominee to oversee jobs and inflation data faces criticism
President Trump nominates Heritage economist EJ Antoni as BLS commissioner, sparking criticism over politicization of key U.S. jobs data.
Amazon expands its perishable delivery service, putting pressure on traditional grocers
Amazon now offers Prime members fresh groceries with same-day delivery in 1,000+ cities, expanding to 2,300 by year-end.
Explosions at US Steel plant in Pennsylvania leave 1 dead, 2 missing and multiple injured
Explosions at U.S. Steel’s Clairton plant near Pittsburgh killed 1, left 2 missing, and injured at least 9, sparking safety and pollution concerns.
Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant
Ford will invest $2B to retool its Louisville plant for affordable electric trucks, aiming for profitability and faster production by 2027.
US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.
Trump removes Billy Long as IRS commissioner less than 2 months after his confirmation
WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday. The official, who was not authorized to speak publicly and spoke on condition of anonymity, did not give a reason for the dismissal. Treasury Secr[...]
Boar’s Head to reopen plant despite sanitation concerns
The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbreak is set to reopen in the coming months, company officials said. But recent inspections at Boar’s Head sites in three states documented sanitation problems similar to those that led to the listeria contamination that ki[...]
Intel’s stock tumbles after Trump says its CEO must resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this prob[...]
Trump imposes 100% tariff on imported computer chips
WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately [...]
Trump’s broad tariffs go into effect just as US economic pain is surfacing
WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tar[...]
Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that bo[...]
