Court Strikes Down Trump’s Sweeping Tariffs
A federal appeals court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act by imposing sweeping tariffs, however, enforcement is on hold until October to allow the administration to consider a Supreme Court...
Economists Warn Oregon Faces Nearly $900M in Revenue Losses
Oregon’s $472 million budget buffer is expected to flip into a $373 million deficit as state economists project $888 million in revenue losses tied to federal tax and spending policies. Economists warned lawmakers of slower growth, job losses, and heightened recession...
JS Link America to Invest $223M in Georgia Magnet Plant, Create 520 Jobs
JS Link America Inc. will invest $223 million to build a new 130,000-square-foot rare earth permanent magnet manufacturing facility in Columbus, creating more than 520 jobs. The project strengthens Georgia’s role in securing the U.S. supply chain for critical...
$80 Million Funding to Support 23,000 Jobs Across California
California is investing $80 million in eleven projects across seven economic regions and 18 counties to strengthen key industries and create jobs. The awards mark the first phase of a $125 million initiative under the California Jobs First Economic Blueprint, with...
International Paper to Close Georgia Mills, Cutting 1,100 Jobs
International Paper will close its containerboard mill and packaging facility in Savannah as well as its containerboard mill and timber and lumber facility in Riceboro, cutting more than 1,000 jobs. The phased shutdowns at both sites, all slated to finish by the end...
Barclays: U.S. Faces 50% Recession Odds
Barclays analysts say the U.S. economy has likely slipped into “stagnation mode,” with the probability of a recession in the next two years now at 50%. The bank’s model, which factors in payroll revisions, employment ratios, and the Sahm Rule, points to growth slowing...
Report: CEO-to-Worker Pay Gap Soars to 632-to-1 at Lowest-Paying Firms
A new report finds that CEO-to-worker pay gaps at the 100 firms with lowest median worker pay in the S&P 500 have ballooned to an average of 632 to 1, up from 560 to 1 in 2019. CEO compensation at these “Low-Wage 100” companies jumped nearly 34.7% over five years,...
$1.9M Incentive Package Powers Master Boat Builders’ $7.8M Expansion in Alabama
Master Boat Builders is investing $7.8 million to expand and modernize its Mobile County, Alabama operations, supported by nearly $1.9 million in tax incentives. The project includes a new fabrication shop, a floating drydock, workforce training initiatives, and...
$370M Microchip Facility to Boost Louisiana Economy, Add 300 Jobs
Radiance Technologies will invest $370 million to build a secure microchip research and manufacturing plant in Ruston, Louisiana. Backed by nearly $37 million in state support, the project is expected to create 150 direct jobs and 149 additional indirect positions....
JPMorgan Chase Cuts 99 Jobs at San Francisco Office
JPMorgan Chase will lay off 99 employees at its One Front Street office in San Francisco, according to a WARN filing. The roles, inherited through the bank’s 2023 acquisition of First Republic Bank, include client service analysts and senior credit officers. Despite...