President-elect Donald Trump's plan includes heavy tariffs on imports, especially from China. This could be bad news for local shops. Those small businesses rely on global supplies, like the foods we eat or parts for repairs. If the costs rise by 20 to 100 percent, some shops might close. The probl
In a significant move, Cargill, the globe's top agricultural commodities trader, has announced a 5% cut in its workforce. This decision comes after the company faced falling revenues due to declining crop prices. The Minnesota-based company has been working to enhance its competitiveness and adapt t
Intel, a major player in semiconductor manufacturing, has received a substantial boost from the U. S. government. The Department of Commerce has awarded Intel $7. 865 billion to support domestic chip production. This funding is part of the CHIPS and Science Act, a law passed by President Joe Biden t
Imagine a grand old brand like Dickies, known for its tough Texan workwear, packing up and heading west to California. This isn't a wild west tale, but a real business decision. Dickies' parent company, VF Corp, is restructuring and wants to save some cash. So, Dickies is trading its Texas home for
Auto parts retailer Advance Auto Parts has announced a significant restructuring plan. By mid-2025, the company aims to close around 500 stores and reduce some jobs. This move comes as demand for vehicle parts has decreased, with fewer people choosing to repair their cars. The automotive industry h
Embracer, a big player in the gaming and entertainment industry, just released its report for the second quarter of 2024. The numbers aren't great: the company saw a 21% drop in net sales for its gaming group, down to around $782 million. Their entertainment and services division also took a hit, wi
You might have heard about the ongoing feud between Huawei and the US government. It's been a big deal in the tech world, with Huawei facing sanctions that make it tough for them to get the latest chips. But Huawei isn't letting that stop them. They're on a mission to expand their chip manufacturing
Meet Ai-Da, a robot with a creative twist. This humanoid, born in the UK in 2019, isn't your average machine. It's an artist, using AI algorithms and robotic arms to paint. Its latest masterpiece? An abstract portrait of Alan Turing, the British mathematician who kicked off AI in 1948. This isn't ju
Intel, a major player in the tech world, had a quarter that surprised everyone. Their shares jumped 9% after hours on Thursday due to better-than-expected revenue. Pat Gelsinger, Intel's CEO, has been facing a tough time with the company's performance, but the latest numbers brought some relief. The
Electric vehicles (EVs), especially those from Tesla, often come with a hefty price tag. But Tesla has been promising a more affordable option for years. In their recent quarterly report, they reiterated that plans are in motion to launch such a vehicle in the first half of 2025. This comes after di
