Target Lays Off 1,800 Corporate Workers
Target is eliminating 1,800 corporate positions as part of a restructuring effort to streamline operations and return to growth after years of stagnant sales. The move, announced by incoming CEO Michael Fiddelke, marks the retailer’s largest workforce reduction in a...
Study Warns Trump Immigration Policies Could Shrink U.S. Workforce by 15 Million
A new study by the National Foundation for American Policy estimates that President Trump’s immigration policies could cut the U.S. workforce by 15.7 million by 2035, reducing economic growth by nearly one-third. The group warns that the combination of deportations...
Shutdown Adds New Strain to a Cautious Housing Market
The federal government shutdown is adding to uncertainty in an already cautious housing market, as pending sales slow down and wary buyers hesitate despite mortgage rates hitting a yearly low. However, economists also say the broader unease stems from wider economic...
Maryland and Taiwan Sign $50M Innovation Investment Agreement
Governor Wes Moore and the Maryland Technology Development Corporation (TEDCO) signed an agreement with Taiwan’s APAC Investment and Innovation Development Association and SangFroid International Capital to unlock up to $50 million in co-investments into Maryland’s...
Saica Group Breaks Ground on $110M Cardboard Plant in Indiana
Spain-based Saica Group has broken ground on a $110 million corrugated cardboard plant in Anderson, Indiana, its second U.S. facility. The factory, spanning an area equivalent to six football fields, is expected to open by late 2026 and create over 100 jobs once fully...
Massachusetts Insurer Point32Health Cuts 254 Jobs Amid Rising Medical Costs
Point32Health, Massachusetts’ second-largest health insurer, has eliminated 254 jobs in a second round of layoffs driven by mounting health care and pharmaceutical costs. The reductions, which follow 110 layoffs in March, represent about 6.7% of its workforce. The...
U.S. Budget Deficit Narrows as Tariff Revenues Surge
The U.S. budget deficit dipped to $1.78 trillion in fiscal 2025, a 2.2% decline from the prior year, as record-high tariff collections helped offset surging interest payments on the $38 trillion national debt. Tariffs brought in $202 billion for the year, driven by...
Tariff Costs Trickle Down to U.S. Consumers
A new analysis from the Federal Reserve Bank of St. Louis finds that tariffs imposed by the Trump administration this year are pushing up prices for furniture, car parts, electronics, and other imported goods. The study estimates that these levies added 0.5 percentage...
NEMO Industries to Build $3 Billion Pig Iron Plant in Louisiana
NEMO Industries, an AI-powered ironmaking firm, announced plans to build a $3 billion pig iron facility in Donaldsonville, with construction slated to start in 2027 and operations beginning by 2030. The multistage project will create 850 full-time jobs and 1,500 peak...
VFP Inc. to Invest $35 Million in Duffield Expansion, Adding 200 Jobs in Southwest Virginia
VFP Inc. announced a $35 million expansion of its Duffield facility, a move that will create up to 200 new jobs in Scott County, Virginia. The project includes a 135,000-square-foot integration building and a 90,000-square-foot metal fabrication facility, expected to...