U.S. job openings rose unexpectedly in January, highlighting a resilient labor market that continues to defy negative forecasts regarding President Donald Trump’s economic policies....
Walmart, the nation’s largest private employer, is eliminating hundreds of corporate roles and closing an office in North Carolina as part of a broader restructuring effort. Employees in smaller offices, including those in Hoboken, New Jersey, are being asked to relocate to the company’s main hubs in Bentonville, Arkansas, and Sunnyvale, California. The changes aim to streamline operations and improve collaboration, according to a company memo sent to employees on Tuesday.
On his second day in office, President Donald Trump addressed the H-1B visa program, acknowledging both sides of the contentious debate while emphasizing the need for "competent people" to contribute to the U.S. workforce. Speaking at a White House press event with CEOs Larry Ellison (Oracle), Masayoshi Son (Softbank), and Sam Altman (OpenAI), Trump described the importance of skilled immigration for economic growth while refraining from endorsing an expansion or reduction of the program.
President Donald Trump unveiled a groundbreaking initiative Tuesday to build colossal artificial intelligence (AI) data centers across the United States.
On Monday, President Donald Trump’s nominee for Commerce Secretary, Howard Lutnick, unveiled a proposal to reintroduce a tariff-focused system for funding the federal government, which he referred to as the “External Revenue Service.” Lutnick announced the initiative at a rally in Washington following Trump’s inauguration, calling it a cornerstone of the administration’s plan to restore American economic greatness.
U.S. defense contractor Anduril Industries announced plans to construct a "hyperscale" manufacturing facility in Ohio to increase the rate of production for autonomous systems.
On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
Coca-Cola CEO James Quincey presented President-elect Donald Trump with a personalized Diet Coke bottle on Tuesday to commemorate his upcoming inauguration. The gift continues Coca-Cola’s tradition of marking U.S. presidential inaugurations with specially branded bottles.
