Nathan Trotter to Invest $65M in First U.S. Tin Production Plant in Virginia
Nathan Trotter will invest $65 million to build Tin Ridge, the nation’s first large-scale tin production and processing facility, in Henry County, Virginia. The 115,000-square-foot plant on a 44-acre site north of Martinsville will boost domestic tin supply while...
Micro Bird Opens $38M Bus Plant in New York, Adds 350 Jobs
Micro Bird has officially opened its new $38 million U.S. manufacturing facility at the former Nova Bus site in Plattsburgh, Clinton County, bringing at least 350 jobs to the region. Supported by state incentives including Excelsior Jobs Program tax credits and a...
Fed’s Beige Book Shows Mixed U.S. Economic Signals Ahead of Expected Rate Cut
U.S. economic activity and employment remained mostly unchanged in recent weeks, while prices rose moderately, according to the Federal Reserve’s latest Beige Book report. Businesses cited uncertainty from tariffs, high interest rates, and restrictive policies as...
U.S. Job Growth Falters in August, Adding Just 22,000 Jobs
Job growth in the U.S. slowed sharply in August, with nonfarm payrolls rising just 22,000 and the unemployment rate ticking up to 4.3%. The slowdown, combined with downward revisions to June and July, signals weakening labor market momentum. While hiring slowed,...
Kroger Cuts Nearly 1,000 Corporate Jobs Amid Restructuring
Kroger is cutting nearly 1,000 corporate jobs nationwide, its third round of layoffs this year, following the collapse of its $25 billion Albertsons merger. The cuts, which affect headquarters and Technology & Digital arm roles, are part of a restructuring plan...
New California Manufacturing Hub Advances Gilead’s $32B U.S. Growth Strategy
Gilead Sciences has broken ground on a new 180,000-square-foot pharmaceutical development and manufacturing hub at its Foster City, California headquarters. The five-story facility, part of Gilead’s $32 billion U.S. investment pledge, will expand the company’s...
$53M Upgrade Expands Milk-Bone Production Plant, Adds Jobs in Buffalo, NY
Governor Kathy Hochul announced construction is underway on a $53 million renovation of The J.M. Smucker Co.’s Milk-Bone manufacturing plant on Buffalo’s East Side. The investment will upgrade equipment, expand capacity, and add 17 jobs to the 280 already at the...
Three Wisconsin Companies Announce 93 Job Cuts in August
Wisconsin saw three companies announcing job cuts in August, affecting 93 workers. ZeniMax Media is laying off 39 employees in Madison, Equiniti Trust is cutting 4 in Milwaukee, and Renewed Hope Home Care is closing a facility with 50 layoffs. The job reductions will...
Bank of America Poll Shows Growing Financial Anxiety Among U.S. Workers
U.S. workers are growing more anxious about debt and financial security, according to a Bank of America survey. Only 47% reported feeling financially well, down from 52% earlier this year, while 85% carried some form of personal debt. A growing number of employees are...
Oil Giant ConocoPhillips to Cut Up to 3,250 Jobs in Major Restructuring
ConocoPhillips plans to cut 20–25% of its workforce, potentially eliminating up to 3,250 jobs as part of a major restructuring. The Houston-based oil giant said the move is tied to its cost-cutting initiative, which aims to save $1 billion by 2026 amid falling oil...