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Oil giant ExxonMobil has launched a major lawsuit against the state of California over its groundbreaking new climate disclosure laws. California recently passed two key laws requiring large companies operating in the state to publicly report all of their greenhouse gas emissions, including indirect emissions from their supply chains and product use. Exxon argues that…
In a major escalation of trade tensions, President Donald Trump has announced a 10% increase in tariffs specifically targeting imports from Canada. This move comes shortly after the President halted all trade talks with Canada earlier this week, reportedly in response to a Canadian advertisement that used former President Reagan’s words to criticize tariffs. A…
There is strong momentum toward easing trade tensions between the world’s two largest economies. According to USTR (US Trade Representative) Greer, trade negotiations with China are officially “moving toward agreement.” This positive statement signals that the two sides have worked through many of the toughest issues that previously stalled the negotiations. The areas of focus…
Kyrgyzstan has become one of the first countries in Central Asia to fully embrace digital currency by launching its own national stablecoin. This major economic initiative is being done in partnership with the world’s largest cryptocurrency exchange, Binance. What is a National Stablecoin? A stablecoin is a digital currency designed to have a stable value,…
Alaska Airlines experienced widespread travel disruptions this week after a major technology issue forced the airline to ground all flights temporarily. The Federal Aviation Administration (FAA) confirmed the issue, which caused chaos at airports. The Technical Failure The grounding was due to a technical problem with the system Alaska Airlines uses to manage its flights….
Beef prices in the United States have climbed so high that the issue is now political. President Donald Trump has promised to reduce grocery costs, but beef inflation is working against him. This week, he urged ranchers to lower cattle prices. He also suggested importing more beef from Argentina to increase supply. Ranchers reacted with…
Grindr, the popular dating app primarily focused on the LGBTQ+ community, is on the verge of a major ownership change. A group of its current shareholders has launched an official offer to take the company private. A move to go private usually happens when a company’s investors believe its value is not being fully recognized…
Trade negotiations between the US and Canada were halted this week after President Donald Trump reacted strongly to an advertisement sponsored by Ontario, Canada. The minute-long advert used excerpts from a 1987 Reagan address on foreign trade. In the ad, Reagan is quoted as saying tariffs “hurt every American.” President Trump immediately called the advert…
General Motors (GM), one of America’s largest automakers, is announcing a new round of layoffs and job cuts. This is a significant move as the company works to restructure its business. Why GM is Cutting Jobs The job cuts are most likely part of a push to become more efficient and agile. This major shift…
The holiday shopping season—the most important time of year for retailers—is fast approaching. Experts are now releasing their expectations for how consumers will spend their money this Christmas. Where Shoppers Will Go The retail report likely focuses on a few major trends: The Retailer Challenge Retailers will face the difficult task of balancing high inventory…
