BUSINESS

Jan 23 2025BUSINESS

Zinc Empire: A Family Feud

Fifty years ago, two families in South Korea teamed up to create a zinc powerhouse called Korea Zinc. The Choi family managed the new venture, while the Chang family led the parent company, Young Poong. This unique setup was called “two families under one roof. ” Both families agreed to respect each

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Jan 23 2025BUSINESS

Chicago Media Undergoes Cutbacks: What's Next?

Chicago's media landscape is seeing significant changes. Chicago Public Media, the organization behind the Chicago Sun-Times and WBEZ, is making some tough decisions to stay afloat. They recently announced voluntary buyouts for journalists at the Sun-Times and business employees at WBEZ. This move c

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Jan 23 2025BUSINESS

A New Home for Dream Cars: Plano's Luxury Garage Condos

Imagine a place where your dream car isn't just parked, but lives in style. That's what Maranello, a luxury auto garages company, is bringing to Plano. They're building a unique facility just for sports car owners, set to break ground soon. These aren't your typical garages; they're "condos" ranging

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Jan 22 2025BUSINESS

Jeep and Ram's U. S. Future: Stellantis' New Plans Unveiled

During a visit to Washington, D. C. , just before President Donald Trump's inauguration, Stellantis Chairman John Elkann revealed the company's fresh plans for the U. S. These include creating 1, 500 new jobs and reopening a plant in Illinois to manufacture a new midsize pickup truck by 2027. Additi

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Jan 22 2025BUSINESS

AI Boom: Trump's $500 Billion Bet on Future Tech

President Donald Trump is set to announce a massive investment in artificial intelligence (AI), worth up to $500 billion. This project, called Stargate, is a partnership between tech giants OpenAI, Oracle, and SoftBank. The goal? To build the infrastructure needed for AI development, starting in Tex

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Jan 22 2025BUSINESS

The Power of Skill: How Craftsmanship Fuels Innovation in Manufacturing

In the competitive world of manufacturing, innovation is the key to staying ahead. Skilled workers are the driving force behind these innovations. Their creativity and expertise shape a country's approach to development. The spirit of craftsmanship is crucial for these skilled individuals. This mind

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Jan 22 2025BUSINESS

Tech Tariffs: A Shift in Manufacturing, Not Jobs

You might think tech tariffs are designed to bring jobs back home. But in reality, they're just shifting manufacturing to other countries. Take a Chinese company selling data center cables. They have factories in China and Thailand. Why Thailand? Because the U. S. slapped a 20% tariff on Chinese pro

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Jan 22 2025BUSINESS

Orsted's Offshore Wind Woes: A Costly Challenge

Orsted, a major player in the offshore wind industry, just took a big financial hit. The Danish company reported a $1. 7 billion impairment, thanks to rising costs of building wind farms in the US. This news comes at a time when President Trump is putting a stop to new offshore wind projects, making

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Jan 22 2025BUSINESS

Netflix Prices Are Up, Subscribers Are Up Too

Netflix has decided to raise its prices after adding a record 19 million new subscribers in the last three months of 2024. This brings their total global subscribers to 302 million. The company credits its success to big events like the Mike Tyson vs. Jake Paul boxing match and NFL games, as well as

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Jan 22 2025BUSINESS

Exciting New Drugs: Coming Every Couple of Years?

Could we be entering an era where life-changing drugs like Wegovy and Zepbound become commonplace? That's what former U. S. Treasury Secretary Larry Summers suggested at the World Economic Forum in Davos, Switzerland. He believes we're in a time of incredible technological possibilities that are dri

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