economic impact

November 14, 2024

Companies Signal Price Hikes if Trump’s Tariff Plans Go Into Effect – Concerns Over Inflation and Consumer Costs

With President-elect Donald Trump’s proposed tariff plans looming, corporate America is beginning to sound alarms over potential price hikes. The president-elect’s campaign included proposals for sweeping tariffs, including a 60% levy on

November 6, 2024

Europe Responds to Trump’s Return Amid Economic Concerns

European leaders offered swift congratulations to Donald Trump after his unexpected victory over Kamala Harris in the 2024 U.S. presidential election. However, beneath the formalities lies a palpable anxiety over potential economic

October 1, 2024

East Coast Dockworkers Strike Halts Operations at North Carolina Ports

Shipping container operations at the Port of Wilmington, North Carolina, have come to a complete halt as tens of thousands of dockworkers across the East Coast go on strike. The labor action,

Trump’s Tariffs: Inflation Impact Still to be Seen

by Jamie Spencer

Tariffs Have Yet to Significantly Impact Inflation Despite widespread fears, President Donald Trump’s tariffs have not yet caused significant inflationary pressures, according to recent data. The consumer and producer price indexes, published

June 12, 2025

Amazon’s $20 Billion Investment in Pennsylvania Data Centers

by Jamie Spencer

Overview of Amazon’s Data Center Expansion Amazon announced on Monday that it will invest $20 billion in the development of two data center complexes in Pennsylvania. This marks a significant move by

June 9, 2025

Disney’s $67 Billion National Economic Impact Report

by Jamie Spencer

For decades, Disney’s domestic theme parks have driven tourism, job creation, and tax revenue in Southern California and Central Florida. On Thursday, the company revealed its broader impact on the U.S., reporting

June 6, 2025

U.S. Auto Industry Faces $12,000 Price Impact from Tariffs

by Jamie Spencer

Tariff Impacts on U.S. and Imported Vehicles A Michigan-based economic consulting group, Anderson Economic Group, reported Thursday that U.S. automakers will continue to face significant price impacts despite the softened auto parts

May 1, 2025

Vietnam Faces Economic Hit from Trump’s Tariffs

by Jamie Spencer

Vietnam Struggles with Impact of U.S. Tariffs on Trade Vietnam, a successful example of embracing external trade, is now facing significant economic challenges due to U.S. President Donald Trump’s aggressive tariffs. The

April 8, 2025

Dollar General Reports Mixed Q4 Results, Plans Store Closures

by Jamie Spencer

Dollar General (DG) on Thursday posted fiscal fourth-quarter revenue that slightly exceeded Wall Street estimates, though profit took a hit due to a store portfolio review. Store Closures and Strategic Shift As

March 13, 2025

Spirit Airlines Exits Bankruptcy, Eyes New Growth

by Jamie Spencer

Discount carrier Spirit Airlines (SAVEQ) has emerged from bankruptcy protection, finalizing a debt restructuring plan aimed at restoring profitability and strengthening its position in the competitive airline industry. Restructuring for a Stronger

March 13, 2025

Trump Expands Tariffs to Strengthen U.S. Industry

by Jamie Spencer

U.S. Commerce Secretary Howard Lutnick reaffirmed that President Donald Trump’s expanded 25% tariffs on steel and aluminum will remain in place until domestic production is significantly strengthened. Additionally, Trump is set to

March 12, 2025

Trump Doubles Canada Tariffs, Markets React

by Jamie Spencer

U.S. President Donald Trump announced on Tuesday that he will double tariffs on imported steel and aluminum from Canada to 50%, escalating an already tense trade standoff. The move, effective Wednesday, also

March 11, 2025

Apple to Invest $500 Billion in U.S., Build New Texas Factory

by Jamie Spencer

Apple announced on Monday its plan to invest over $500 billion in the United States over the next four years, including hiring 20,000 people and building a new server factory in Texas.

February 24, 2025

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economic impact