Tag: business ideas

The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans’ “big beautiful bill” would raise budget deficits by over $300 billion more than in its previous analysis, which estimated it would widen deficits by $2.4 trillion over a decade. The CBO found that the House-passed version of the legislation would raise federal budget […] ...

Honda is recalling about 259,000 Honda and Acura vehicles due to a problem with a brake pedal defect that could potentially present a safety hazard.  American Honda announced the recall impacting some Honda Pilot sedans from the model years 2023-2025, Acura MDA SUVs from the model years 2023-2025 and Acura TLX sedans from the model […] ...

The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged following its June monetary policy meeting as policymakers continue to monitor inflation and labor market data amid elevated economic uncertainty. The central bank’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%. It comes after […] ...

A revolution in the cryptocurrency world may soon go mainstream, as lawmakers move to formally regulate stablecoins, a digital currency designed to maintain a fixed value.  “The internet is now colliding with the financial industry and the financial system,” said Circle CEO and co-founder Jeremy Allaire on “Mornings with Maria” Wednesday. “There’s an opportunity to […] ...

General Mills is the latest U.S. food giant pledging to remove FD&C artificial dyes from its portfolio of products within the next two years amid calls from the Trump administration to eliminate artificial colors from the nation’s food supply. For its part, the Minnesota-based food giant said it plans to remove artificial colors from all […] ...

A theory about the Pentagon and nearby pizza restaurant’s busy-hours is making the rounds again amid the ongoing conflict between Israel and Iran.  People have theorized that pizza joints near the Pentagon get significantly busier before geopolitical conflicts, with instances of that supposedly being predictors that something significant is about to unfold on the world […] ...

A self-proclaimed “free trade guy,” Home Depot co-founder Ken Langone waved the warning flag over American markets and the economy due to one “scary” indicator. “I really believe, and I hope Washington hears this, that we have to be mindful of the importance of our status in the world economy and the world markets, because […] ...

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.” The Fed will announce its latest decision on whether to cut interest rates on Wednesday. The […] ...

Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday. “As we roll out more Generative AI and agents, it should change the way our work is done,” he said. […] ...

Gap Inc. is investing tens of millions of dollars to boost operations at its Tennessee distribution center, underscoring the company’s focus on strengthening domestic operations under CEO Richard Dickson’s leadership. Gap Inc.’s $58 million investment in its Gallatin distribution center, located on a 2.3-million-square-foot campus just outside Nashville, will create 100 new jobs to support […] ...

Americans have a lot of choices when they want to eat out, whether it be at a fast-food chain or a full-service restaurant, with customer satisfaction being a significant factor in where they go.  A new report from the American Customer Satisfaction Index (ASCI) offers insight into how brands stack up in terms of customer satisfaction.  […] ...

President Donald Trump will sign a new executive order this week granting TikTok another 90-day reprieve from a pending U.S. ban, the White House confirmed Tuesday.  It’s the third extension since Trump took office in January. “President Trump will sign an additional executive order this week to keep TikTok up and running,” White House press […] ...

A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate of 2.4% and the March […] ...

The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on Tuesday, after the landmark crypto legislation faced a number of hurdles before making it across the finish line in the upper chamber.  One of the bill’s biggest advocates is Senate Banking Committee Chairman and former presidential candidate Tim Scott, R-S.C., who led […] ...

The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump’s term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months. […] ...

ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports. “There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News’ Bret Baier on “Special Report,” adding that “The bigger issue will […] ...

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight.  That figure has gone down compared to the roughly half who tackled their personal finances that […] ...

Senate Republicans have introduced their chamber’s version of the GOP’s tax cuts and extensions package, as Congress looks to deliver on President Donald Trump’s “One Big, Beautiful Bill” before the Fourth of July. The GOP majority on the Senate Finance Committee released a draft of its portion of the reconciliation legislation that the upper chamber is […] ...

On the fifth day of Israel and Iran exchanging strikes, the conflict appears to be on the brink of further escalation as Israel targets Iran’s nuclear infrastructure and questions mount over possible U.S. involvement. Retired four-star Gen. Jack Keane believes that there is an opportunity for the Iranian regime to “be taken off the table,” […] ...

A popular American grocery store chain’s retail footprint will grow this year and beyond, thanks in part to customer demand.  Wegmans Food Markets has a location opening in Rockville, Maryland next week and another launching in Norwalk, Connecticut in July.  The store in Norwalk, scheduled to debut July 23, will mark Wegmans’ first location in […] ...

JetBlue is implementing a slew of cost-cutting measures, including axing some flights, as economic uncertainty has lowered consumer confidence and subsequently dampened consumer demand.  CEO Joanna Geraghty told staff in an internal note on Monday that it’s “unlikely” that the company will reach a break-even operating margin as it had hoped after years of financial […] ...

The U.S. Army announced that it has surpassed its fiscal year 2025 recruiting goals four months ahead of schedule following years of falling short of its quota.  The milestone marks a potential turning point in one of the military’s most persistent challenges: recruitment. Last week, the Army announced that it had signed contracts with more […] ...

Kraft Heinz announced on Tuesday that it will remove all FD&C artificial dyes from its U.S. portfolio by the end of 2027 amid pressure from the Trump administration to phase out artificial colors from the nation’s food supply. Kraft, one of the largest food and drink manufacturers in North America, also said it would not […] ...

Ford is activating its national network of dealerships to directly support some of the nation’s biggest nonprofits, such as the American Red Cross, Feeding America, Habitat for Humanity and Team Rubicon.  As part of Ford Philanthropy’s “Building Together” initiative, which kicked off in June, the auto company is leveraging resources across its organization from its […] ...

The Federal Reserve will announce its latest decision on whether to cut interest rates on Wednesday and has faced mounting political pressure from the Trump administration to lower rates to spur the economy. The Fed is widely expected to leave interest rates unchanged this week, which would make it four straight meetings in which the central […] ...