Browsing: Business

Manufacturing layoffs rise as American factories face monthly cost hikes due to tariffs, driving up unemployment and stalling wage growth.

U.S. officials detained 475 workers at Hyundai’s Georgia battery plant, pausing construction and prompting South Korea to arrange repatriation flights.

88 postal operators suspended US-bound mail after the US revoked the de minimis exemption, triggering an 81% drop in global postal traffic.

Semiconductor companies face U.S. tariffs unless they shift production to American soil, Trump announced at a tech executive dinner.

US biofuel imports hit a 13-year low in 2025 due to tax policy changes and reduced demand for renewable diesel and biodiesel fuels.

US trade deficit widened to $78.3 billion in July as soaring imports of industrial supplies and capital goods outpaced sluggish export growth.

Billionaire investor Ray Dalio warns of growing instability in the US, citing fiscal irresponsibility, political division, and loss of institutional trust.

John Deere is confronting mounting operational and financial pressure as U.S. tariffs and declining farm equipment demand take a significant toll on the company’s performance. The Illinois-based manufacturer, considered a cornerstone of American agricultural machinery, now faces one of its most difficult business environments in years. The company recently revised its fiscal 2025 tariff-related cost forecast upward to $600 million, an increase from previous estimates. Of that amount, $300 million has already been absorbed through the third quarter, with the remainder projected in the final quarter. The higher costs stem from increased tariffs on imported raw materials such as steel and aluminum, as well as…

Gold could reach $5000 if Federal Reserve independence is undermined, Goldman Sachs warns amid soaring demand and global uncertainty.

U.S. job openings fell to 7.18 million in July, the lowest since October 2024, signaling continued slowdown across key sectors.