Tag: innovation

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Retailers Brace for Potential Tariffs Under Trump

Retailers brace for potential tariffs as Trump's policies loom. Discount stores, footwear brands, and big box retailers will be heavily impacted, leading to potential price increases and supply chain adjustments.

Starbucks Cuts Jobs to 'Operate More Efficiently'

Starbucks plans to cut jobs in a move to enhance efficiency amid its turnaround strategy led by CEO Brian Niccol, targeting corporate support roles rather than in-store employees.

Bank of America to Award Stock to Almost All Global Employees

Bank of America to Award Stock to Most Employees Following Strong 2024 Performance

Trump's Energy Policy Won't Kill Green Energy

Donald Trump's energy policy favors fossil fuels, but green energy has boomed since he took office. Despite political headwinds, private sector investment in green energy is increasing due to growing demand and incentives.

GM Faces Investigation Over Engine Failure Allegations, Potential Recall Looming

GM faces a potential recall of 877,710 SUVs and trucks for engine failure, according to an NHTSA investigation. The issue affects vehicles equipped with the L87 engine, a 6.2L V8 used in models like the Chevrolet Silverado and Suburban.

US Debt to Surpass Post-World War II Levels in Four Years

The US government's debt is projected to exceed record levels set after World War II within four years, despite lowering deficit projections for the next decade. The CBO's estimates exclude revenue losses from President-elect Trump's tax plans.

Retailers Brace for Trump's Tariff Impact

Retailers are bracing for potential tariffs from President-elect Donald Trump, with discount chains, footwear brands, and big box stores likely to be impacted. Dollar Tree, Five Below, and footwear giants like Adidas and Nike could face significant price increases if tariffs are imposed.