WASHINGTON (AP) — The Senate last week passed about $9 billion in federal spending cuts requested by President Donald Trump, including reductions to public broadcasting and foreign aid, moving forward on one of the president’s top priorities. The 51-48 vote came after Democrats sought to remove many of the proposed rescissions during 12 hours of [...]
WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in their profitability, with uncertainty in United States-China relations and President Donald Trump’s tariffs their top concerns, according to a new survey. The companies are also challenged by China’s slowing economy, where weak domestic demand and [...]
WASHINGTON (AP) — Travelers giddy about being able to keep their shoes on while walking through TSA checkpoints at the airport again may have something else to look forward to: changes to how much liquid they can carry. Homeland Security Secretary Kristi Noem last week said during a conference hosted by “The Hill” that she [...]
WASHINGTON (AP) — The number of Americans filing for unemployment benefits fell two weeks ago to the lowest level in three months, a sign that the country’s labor market remains sturdy despite fears over the impact of new American tariffs. The Labor Department last week reported that jobless claims for the week ending July 12 [...]
PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales. Sales of Frito-Lay and other snacks fell 1 percent in North America during the April-June period, PepsiCo said last week, while beverage sales slid 2 percent in the region. Years of double-digit price increases from PepsiCo and changing consumer preferences [...]
Pure Hockey, the largest hockey equipment retailer in the United States, has announced plans for a second Columbus location. According to a news release, the new store will be located at 5900 Old Hamilton Road, south of State Route 161. A grand opening event is planned for later this year, officials said. The retailer has [...]
MP Materials, which runs the only American rare earths mine, earlier this week announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles. This news comes on the heels of last week’s announcement that [...]
Dublin-based Cardinal Health has announced the launch of an independent pharmacy advocacy initiative by the global medical- and lab-products manufacturer and distributor. The company’s One Voice Initiative was devised to provide direct financial assistance to state pharmacy associations for the purpose of supporting independent pharmacists’ advocacy efforts, according to a news release. The investment expands [...]
NEW YORK (AP) — A federal judge in Texas removed a Biden-era finalized rule by the Consumer Financial Protection Bureau that would have removed medical debt from credit reports. U.S. District Court Judge Sean Jordan of Texas’s Eastern District last week found that the rule exceeded the CFPB ‘s authority. Jordan said the Consumer Financial [...]