Business and Economy
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A U.S. Supreme Court decision limiting the president’s authority to impose tariffs under the International Emergency Economic Powers Act is not expected to significantly alleviate trade pressures for Canadian workers, according to Unifor. The court’s ruling challenges the legality of tariffs previously enacted, but broader trade disputes between Canada and the United States persist. Impact […]
The Bureau of Labor Statistics released January employment data last week, presenting a mixed picture of the U.S. job market. While the report indicated an addition of 130,000 jobs, exceeding economists’ forecasts, it also included significant downward revisions to previous job creation figures. Revised Job Creation Data The Bureau of Labor Statistics revised down its […]
President Donald Trump is scheduled to deliver his State of the Union address Tuesday at 9 p.m. ET in the U.S. Capitol. The address is expected to highlight the administration’s economic achievements. The speech occurs during a period of political challenge for Trump, with recent polls indicating declining public approval regarding the economy ahead of […]
Many entrepreneurs face financial challenges, often pursuing loans or credit lines to support their businesses. However, grant opportunities can provide a valuable alternative source of funding that doesn’t require repayment. Numerous grants are available to support startups, women-owned businesses, minority entrepreneurs, rural companies, and businesses expanding into new markets. The GrantWatch platform lists over 1,750 […]
Anta Sports Products has launched its presence in the United States with the opening of a flagship store in Beverly Hills, California. The store opened on North Beverly Drive on February 13. Expansion into the U.S. Market The new store is located between Scandia Home and Wilson Sporting Goods, a subsidiary of Anta. Samuel Tsui, […]
Feb. 25, 2025, 5:03 a.m. ET A LendingTree study examined the prevalence of Black-owned businesses across U.S. metropolitan areas. The study’s findings indicate Fayetteville, North Carolina, currently holds the second position in this ranking. Black-Owned Business Statistics The LendingTree study, analyzing data through 2022, revealed that 3.3% of all U.S. businesses are Black-owned. This represents […]
Small businesses owned by Black entrepreneurs are reassessing their strategies as major U.S. companies scale back diversity, equity, and inclusion (DEI) programs. This shift is prompting some to consider offering more “neutral” products or seeking alternative distribution channels. A Fighting Chance for Black-Owned Brands The co-founders of Puzzles of Color, Ericka Chambers and William Jones, […]
Black-owned small businesses in the United States are experiencing significant growth, according to a recent study. This trend is being observed across the country, including in Palm Beach County, Florida, where several entrepreneurs shared their experiences. Small Business Growth and Economic Impact A study by the Association for Enterprise Opportunity found that there are now […]
The question of who ultimately bears the cost of tariffs has been a subject of debate. Recent analysis indicates that U.S. importers, rather than foreign producers or consumers, have primarily absorbed the additional customs duties imposed. Economic Analysis of Tariffs Economists at the Federal Reserve Bank of New York observed that foreign producers have largely […]
U.S. Treasury yields experienced minimal movement Friday as investors anticipated the release of key economic data. The data includes the Federal Reserve’s preferred inflation measure and the fourth-quarter gross domestic product report. Treasury Yields As of 4:10 a.m. ET, the 10-year Treasury yield increased less than one basis point to 4.076%. The 30-year Treasury bond […]