Business
Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images The wealthy will likely see a host of new tax breaks in President Donald Trump’s “big beautiful bill,” along with permanent extensions of many of the 2017 tax cuts, according to tax experts. Taxpayers earning […]
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Retailers avoided a worst case scenario in Vietnam. But executives say Trump’s trade deal could still hit consumers
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where […]
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Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty
U.S. Vice President Kamala Harris speaks on stage with Essence CEO Caroline Wanga at the Global Black Economic Forum during the 30th annual Essence Festival of Culture at the Ernest N. Morial Convention Center on July 6, 2024 in New Orleans, Louisiana. Michael Democker | Getty Images News | Getty Images In a year when […]
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Fourth of July barbeque prices have risen since Trump imposed tariffs, congressional analysis says
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beer Daniel Acker | Bloomberg | Getty Images Americans may spend more on common barbeque items this Fourth of July with prices on products like beer, outdoor folding chairs and grill tools higher, according to a new congressional report. The total cost of […]
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Trump’s deportations are hurting Constellation Brands’ beer sales
Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty Images Constellation Brands’ beer sales fell 2% in its latest quarter as President Donald Trump’s deportations and consumers’ broader economic fears weighed on demand. In April, Constellation CEO Bill Newlands […]
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New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division
Tim Kuniskis, head of NAFTA Passenger Car Brands for Fiat Chrysler Automobiles NV, speaks during the reveal of the Fiat Chrysler 2018 Dodge Challenger SRT Demon sports vehicle ahead of the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Tuesday, April 11, 2017. Mark Kauzlarich | Bloomberg | Getty Images New […]
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Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty Images Constellation Brands on Tuesday reported quarterly earnings and revenue […]
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Climate threat to U.S. infrastructure is accelerating. Here’s what’s most at risk
U.S. infrastructure is barely getting a passing grade, and one of the fastest growing problems is climate change. Airports are flooding, bridges are melting from extreme heat, and telecommunications are getting slammed by increasingly extreme weather. In 2023, at Fort Lauderdale/Hollywood International Airport, historic rainfall turned runways into rivers, shutting down operations and stranding passengers. […]
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Ford sales jump 14% in the second quarter, well above industry forecast
Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase, the automaker said Tuesday. New vehicle sales for the second quarter totaled 612,095, led in part by gains in its F-Series trucks and “electrified” vehicles, which includes hybrids and EVs. F-Series trucks saw their best […]
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English Premier League integrates Microsoft AI into fan app in new 5-year deal
Kobbie Mainoo of Manchester United during the Premier League match between Manchester United FC and Aston Villa FC at Old Trafford on May 25, 2025 in Manchester, England. Alex Livesey | Getty Images The English Premier League is bringing artificial intelligence to the soccer pitch through a new partnership with Microsoft. The five-year agreement will […]
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