ECONOMICS NEWS

'Just a thorn in our side': N.C. brewer wary of tariffs, experiencing impacts on aluminum
Co-Owner of Trophy Brewing Company Les Stewart said he doesn't see an advantage to his business because of tariffs.

Source: Patrick Thomas
Thursday, Apr 17 2025

Orange grower says crops are thriving in dry weather
At Showcase of Citrus, they are thrilled to see the infant fruit on her nearly 100 acres of trees.

Source: Nicole Griffin
Thursday, Apr 17 2025

Some retirees unsettled amid volatility on Wall Street, as experts encourage patience
For investors too anxious to "ride it out," experts say realignment of some assets may be the cure, but caution is advised.

Source: Spencer Conlin
Thursday, Apr 17 2025

Wisconsin exports declined over the past 10 years, according to a new analysis on trade
A new report by the Wisconsin Policy Forum found manufacturing and agriculture play an outsized role in Wisconsin’s economy, making exports essential.

Source: Courtny Gerrish
Thursday, Apr 17 2025

Consumer advocates decry vote in Congress to repeal bank overdraft fee limits
Congress recently repealed a Biden-era reform that limited overdraft fees to $5. Many of these fees are expected to soon sit around $35.

Source: John Camera
Thursday, Apr 17 2025

Hotels are offering special events surrounding the NFL Draft to attract tourists
Just days away from the 2025 NFL Draft, some hotels are completely sold out while others are close to being completely booked.

Source: Rhonda Foxx
Thursday, Apr 17 2025

Thousands share their vision for BG 2050
At least 120 Volunteers will divide into eight groups, compiling information from the results to determine the best path forward.

Source: Aaron Dickens
Thursday, Apr 17 2025

Tariffs may impact furniture market sellers and consumers
Higher costs for imports could affect furniture makers that get their pieces or materials from overseas.

Source: Sasha Strong
Thursday, Apr 17 2025

In East Palestine derailment trial, railroad and chemical maker agree on who pays residents
Norfolk Southern reached an agreement with one of the two companies it has been trying to force to help pay for the $600 million class-action settlement it agreed to over its disastrous 2023 train derailment near the Ohio-Pennsylvania border and the toxic chemicals that were released and burned

Source: Associated Press
Thursday, Apr 17 2025

Housing market stalls amid Trump tariff uncertainty
More than 50% of Americans are canceling or delaying big-ticket purchases, according to a new Redfin-Ipsos survey.

Source: Susan Carpenter
Thursday, Apr 17 2025

New York private sector jobs up 5,600 in March, report says
The statewide unemployment rate decreased from 4.3% in February to 4.2% in March.

Source: Luke Parsnow
Thursday, Apr 17 2025

Federal Reserve Bank of Philadelphia names Anna Paulson as president
The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next president

Source: Associated Press
Thursday, Apr 17 2025

Google's digital ad network declared illegal monopoly, joining its search engine in penalty box
The battle is likely to continue for several more years.

Source: Associated Press
Thursday, Apr 17 2025

Eli Lilly daily diabetes pill could be as effective as Ozempic and Mounjaro, trial finds
The study found orforglipron may be just as effective as injectable drugs such as Ozempic and Mounjaro.

Source: Susan Carpenter
Thursday, Apr 17 2025

Global Payments buying Worldpay in $22 billion deal
The move bolsters the financial technology company, enabling about 94 billion transactions and $3.7 trillion.

Source: Spectrum News Staff, Associated Press
Thursday, Apr 17 2025

Eaton Fire leaves JPL employees reeling, searching for new beginnings
The fire impacted more than 1,000 employees, with many forced to evacuate and at least 200 losing their homes.

Source: Taylor Schaub
Thursday, Apr 17 2025

Global Payments buying Worldpay in $22 billion deal
Payment processing company Global Payments is buying rival Worldpay for more than $22 billion to expand its global footprint

Source: Associated Press
Thursday, Apr 17 2025

Ohio offering tax credits for videography projects from video games to feature films
Through the program, a 30% refundable tax credit is placed on production cast and crew wages.

Source: Madison MacArthur
Thursday, Apr 17 2025

U.S. jobless benefit claims fall as labor market remains strong despite recession fears
Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said Thursday.

Source: Associated Press
Thursday, Apr 17 2025

US jobless benefit claims fall last week as labor market remains strong despite recession fears
U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a tariff-induced recession

Source: Associated Press
Thursday, Apr 17 2025

UnitedHealth cuts 2025 forecast after dealing with first-quarter care use spike
UnitedHealth chopped its 2025 forecast after being surprised by care use from its Medicare Advantage customers in a worse-than-expected first quarter

Source: Associated Press
Thursday, Apr 17 2025

L2 Aviation brings hundreds of jobs to northern Kentucky
Its first-ever Kentucky facility at the Cincinnati airport marks a $12.2 million investment.

Source: Ryan Hayes-Owens
Thursday, Apr 17 2025

Funding restored for local manufacturer assistance program
Hawaii's Congressional delegation said they're 'relieved' at the Trump administration's reversal on INNOVATE Hawaii.

Source: Michael Tsai
Thursday, Apr 17 2025

To celebrate Earth Month, Target begins selling wine in paper bottles
The bottles are five times lighter than glass.

Source: Susan Carpenter
Wednesday, Apr 16 2025

Trump tariffs could drive up home renovation costs
California is suing to block tariffs imposed under the Trump administration, saying they threaten to destabilize key sectors of the state’s economy.

Source: Genevieve Glass
Wednesday, Apr 16 2025

Arkansas bans pharmacy benefit managers from owning pharmacies in state
Arkansas has enacted a law making it the first state banning pharmacy benefit managers from owning a pharmacy in the state

Source: Associated Press
Wednesday, Apr 16 2025

Injured New York correctional officer on workers' comp claims wrongful termination after strike
He planned to retire on March 24. But in the weeks and months leading up to it, a series of unfortunate events began to unfold.

Source: Spencer Conlin
Wednesday, Apr 16 2025

'Tariff hokey pokey' is making things difficult for the construction industry
Tariffs could make building much more expensive.

Source: John Camera
Wednesday, Apr 16 2025

Chillicothe paper mill announces closure, impacts 800 employees
Pixelle didn't set a date for closure, but said the mill will close down in phases.

Source: Lydia Taylor, Cody Thompson
Wednesday, Apr 16 2025

CSX profit drops 27% as railroad shipments decline in the first quarter
CSX railroad's profits fell 27% in the first quarter as two major construction projects contributed to a decline in shipments

Source: Associated Press
Wednesday, Apr 16 2025

U.S. stocks tumble as Nvidia slides and the fog of Trump's trade war thickens
U.S. stocks dropped as the costs of U.S. restrictions on global trade compounded.

Source: Associated Press
Wednesday, Apr 16 2025

N.C. reaches deal with corporate landlord to halt use of rent-setting software
Cortland is one of six companies that has used RealPage to charge unfair rents, the N.C. attorney general says.

Source: Michael White
Wednesday, Apr 16 2025

OpenAI picks labor icon Dolores Huerta and other philanthropy advisers as it moves toward for-profit
OpenAI has named labor leader Dolores Huerta and three others to a temporary advisory board that will help guide the artificial intelligence company’s philanthropy as it attempts to shift itself into a for-profit business

Source: Associated Press
Wednesday, Apr 16 2025

Trump administration plans to end IRS Direct File program for free tax filing, AP sources say
The electronic system for filing tax returns directly to the agency is free.

Source: Associated Press
Wednesday, Apr 16 2025

Trump says he's joining Bessent and Lutnick for trade negotiations with Japanese at the White House
Japan's 24% across-the-board tariff is on hold, but a 10% baseline tariff and a 25% tariff on cars, auto parts, steel and aluminum remains in place.

Source: Associated Press
Wednesday, Apr 16 2025

Volusia County approves purchase of 356 acres that could be used for a motocross track
Residents disagree on what the land should be used for — if anything.

Source: Brandon Spencer
Wednesday, Apr 16 2025

Downtown Green Bay business owners hope to attract NFL Draft crowds with unique eats, performances
The Brown County Tavern League will offer daily shuttles from Lambeau Field to downtown Green Bay.

Source: Rhonda Foxx
Wednesday, Apr 16 2025

Saying 'no state is poised to lose more,' California sues to block Trump tariffs
Newsom announced the lawsuit Wednesday.

Source: Susan Carpenter
Wednesday, Apr 16 2025

Book community worried about effects of tariffs and federal funding cuts
According to the American Booksellers Association, it’s likely that tariffs will increase the price of books and shipping.

Source: Bree Steffen
Wednesday, Apr 16 2025

U.S. commerce secretary floats idea of changing how GDP is calculated
Earlier this year, Commerce Secretary Howard Lutnick floated the idea of changing the way they calculate this economic indicator.

Source: Vania Patino
Wednesday, Apr 16 2025

Hillsborough County terminates contract with Cross Bay Ferry
The service that runs between Tampa and St. Pete’s downtowns will end at the end of this month.

Source: Jason Lanning
Wednesday, Apr 16 2025

Environmentalist warns against Mosaic’s EPA approved project to build a road with radioactive waste material
A local environmental advocate says the impacts of phosphogypsum could last for generations.

Source: Alexis Jones
Wednesday, Apr 16 2025

The great Easter basket question — to Peep or not Peep
Approximately 5.5 million "peeps" are made each day.

Source: Associated Press
Wednesday, Apr 16 2025

'The stock market is predictable': How tariffs can create a trend and what it means for the future
As tariff policy changes cause dramatic swings in the stock market, one thing is for certain, the market does not like uncertainty.

Source: Sydney McCoy
Wednesday, Apr 16 2025

China appoints new top international trade negotiator amid tariff tensions with the US
China appointed a new top international trade negotiator amid tariff tensions with the U.S. The government said Wednesday that Li Chenggang has been appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the China and the U.S. The world’s two largest economies have been steadily increasing tariffs on each other’s goods since the U.S. raised tariffs on dozens of countries

Source: Associated Press
Tuesday, Apr 15 2025

Amid threat of tariffs, Port of Long Beach touts busy first quarter
The Port of Long Beach experienced a surge of cargo volume in March and marked its best first quarter on record.

Source: City News Service
Tuesday, Apr 15 2025

LA County supervisors approve recommended $47.9 billion budget for FY 2025-26
The recommended spending plan includes 3% cuts to some departments and the elimination of 310 vacant positions, but no layoffs.

Source: City News Service, Chace Beech, Spectrum News Staff
Tuesday, Apr 15 2025

Texas judge throws out rule that would have capped credit card late fees
The banks have been pushing hard to stop the late fee rule, due to the potential billions the banks would lose in revenue.

Source: Associated Press
Tuesday, Apr 15 2025

Tampa area shrimp industry workers hopeful tariffs will help business
Experts say the shrimping industry has taken a big hit over the last several years because of foreign imports.

Source: Nick Popham
Tuesday, Apr 15 2025

Dozens of student pilots sue United Airlines and its flight school over fraud allegations
Twenty-nine former students are suing United Airlines and its promised one-year flight school in Arizona over fraud allegations

Source: Associated Press
Tuesday, Apr 15 2025

Starbucks imposes new limits on what baristas can wear under their green aprons
Starbucks is imposing new limits on what its baristas can wear under their green aprons

Source: Associated Press
Tuesday, Apr 15 2025

Ahead of Easter weekend, the price of local and organic eggs continues to rise
However, the price of mainland eggs declined by 1.5% to $9.32

Source: Spectrum News Staff
Tuesday, Apr 15 2025

'Providing jobs and meaningful employment': Orlando organization offers job opportunities to individuals with disabilities
About 81% of individuals with developmental disabilities are unemployed.

Source: Massiel Leyva
Tuesday, Apr 15 2025

Tariffs impacting Canadian tourism to the U.S.
After decades of mostly peaceful relations, things have began to shift in recent weeks between the U.S. and Canada.

Source: Jas Kang
Tuesday, Apr 15 2025

How to file for an extension, and other Tax Day advice
If you’ve waited till the last minute to file your taxes, don’t panic

Source: Associated Press
Tuesday, Apr 15 2025

Wall Street drifts through a rare quiet day following weeks of tariff turmoil
Perhaps more importantly, the U.S. bond market was also showing more signs of calm after its sudden and sharp moves last week.

Source: Associated Press
Tuesday, Apr 15 2025

LA28 unveils updated Olympics venue plan, including Dodger Stadium
As the organizer for the 2028 Games, LA28 will stage events across the entire city and county at prime competition locations.

Source: Spectrum News Staff
Tuesday, Apr 15 2025

More than $2.7 million identified in workers' comp fraud in 2024, New York inspector general says
Fourteen arrests were made as a result.

Source: Luke Parsnow
Tuesday, Apr 15 2025

Bank of America ordered to pay $540 million in long-running FDIC lawsuit
The FDIC in 2017 accused the bank of refusing to pay over $500 million in assessments and “unjustly enriched itself.”

Source: Associated Press
Tuesday, Apr 15 2025

Mexico threatens tariffs on meat in retaliation for U.S. targeting its tomatoes with 21% duties this summer
The Commerce Department said a 20.91% tariff would be placed on imports of most tomatoes from Mexico beginning July 14.

Source: Christina Santucci, Associated Press
Tuesday, Apr 15 2025

Dozens of student pilots sue United Airlines and its flight school over fraud allegations
The lawsuit accuses United of falsely promoting a training program that would put students on a path to becoming commercial pilots after a year.

Source: Associated Press
Tuesday, Apr 15 2025

Go inside the factory where Peeps are made
Love them or hate them, marshmallow Peeps are inescapable around the Easter holiday

Source: Associated Press
Tuesday, Apr 15 2025

Rochester FEC celebrates 5 years of helping local families with free financial counseling
The city says the Financial Empowerment Center has helped thousands of families.

Source: Spectrum News Staff
Tuesday, Apr 15 2025

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC
A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance

Source: Associated Press
Tuesday, Apr 15 2025

Buffalo Trace makes progress on restoration post-flooding
The distillery said removal of floodwater debris and damage is more than 75% complete while power has been restored to key areas.

Source: Connor N. Smith
Tuesday, Apr 15 2025

Trump tariffs stoke uncertainty among some city manufacturers
Two longtime manufacturers in the city are having to make major adjustments to their companies due to President Donald Trump's tariffs.

Source: Estefania Hernandez
Tuesday, Apr 15 2025

It's the end of the road for Crossroads Collective
The food hall will close its doors on May 8.

Source: Aly Prouty
Tuesday, Apr 15 2025

'Learning the lesson': Club helping young entrepreneurs soar amid tariff changes
A North Carolina charter school is helping young entrepreneurs and investors soar during these turbulent economic times.

Source: Jennifer Roberts
Tuesday, Apr 15 2025

Despite legal roadblocks, safety concerns, Volusia County Council to discuss beach-driving expansion in Daytona Beach
The Volusia County Council is expected to discuss the idea at their 4 p.m. meeting on Tuesday.

Source: Sasha Teman
Tuesday, Apr 15 2025

Japan's anti-monopoly watchdog accuses Google of violations in smartphones
Japanese regulators have accused U.S. tech giant Google of violating anti-monopoly laws, echoing similar moves in the U.S. and Europe

Source: Associated Press
Tuesday, Apr 15 2025

Raw materials to keep British Steel plant operating reach the UK
The U_K_ government says that it has bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.”

Source: Associated Press
Tuesday, Apr 15 2025

2nd Street Market to open outdoor farmers market
Outdoor farmers markets are opening their stalls.

Source: Madison MacArthur
Tuesday, Apr 15 2025

Lowe's acquires big interior design group, ADG, in $1.3 billion cash deal
ADG, is known for design, distribution and installation services for interior surface finishes.

Source: Daniel Gray
Tuesday, Apr 15 2025

LA County residents have until Oct. 15 to file taxes
LA County taxpayers have an automatic six-month extension on filing their returns and making tax payments due to the January wildfires.

Source: City News Service
Tuesday, Apr 15 2025

North Carolina's Tax Day deadline pushed back due to storms
The Internal Revenue Service pushed the deadline back to May 1 for those directly impacted by Helene.

Source: Spectrum News Staff, Jason Lanning
Tuesday, Apr 15 2025

Florida's Tax Day deadline pushed back due to storms
The Internal Revenue Service pushed the deadline back to May 1 for those directly impacted by hurricanes Helene and Milton.

Source: Jason Lanning
Tuesday, Apr 15 2025

Good Connections Cafe opens new pathways for employment
A unique program through Goodwill Easter Seals Miami Valley.

Source: Alese Underwood
Tuesday, Apr 15 2025

Leesburg commissioners strike down development moratorium
The vote was 4 to 1.

Source: Devin Martin, Massiel Leyva, Jaclyn Harold
Monday, Apr 14 2025

First Hawaiian Bank opens new Lihue Banking Center
The new banking center replaces the Rice Street branch in Lihue.

Source: Spectrum News Staff
Monday, Apr 14 2025

Companies involved with California ports say tariffs on China is having an effect on business
There has been a rush of imports to try and beat increasing tariffs while some exports decrease.

Source: Jamie Kennedy
Monday, Apr 14 2025

Some businesses near Julian Earthquake have minor damage
Olive and Oak Antiques in Santa Ysabel had some paintings, pottery and other items fall to the ground.

Source: Jo Kwon
Monday, Apr 14 2025

Facing 'extraordinary' pressures, LA County CEO unveils tight 2025-26 budget
The budget includes spending cuts to help offset extraordinary budgetary pressures.

Source: City News Service, Spectrum News Staff
Monday, Apr 14 2025

Milwaukee business leaders voice concerns over tariffs at Sen. Baldwin's roundtable
Trump said tariffs will promote domestic industry over time, but acknowledged he is considering a short-term tariff exemption for auto companies.

Source: Kelly Milan
Monday, Apr 14 2025

Schumer: No layoffs at Watervliet Arsenal
There had been talks alleging about 300 people could have lost their jobs.

Source: Spectrum News Staff
Monday, Apr 14 2025

Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now
Apple and other technology stocks helped lift the market after Trump temporarily exempted tariffs on smartphones and other electronics.

Source: Associated Press
Monday, Apr 14 2025

U.S., China trade tensions threaten Hollywood’s global reach
The Chinese government this week announced plans to further restrict the number of U.S. movie imports.

Source: Taylor Schaub
Monday, Apr 14 2025

Zuckerberg takes the stand at historic antitrust trial that could force Meta to break off Instagram, WhatsApp
The antitrust trial will be the first big test of President Donald Trump's Federal Trade Commission's ability to challenge Big Tech.

Source: Associated Press
Monday, Apr 14 2025

2025 NFL Draft brings more road changes near Lambeau Field
Even though part of Ridge Road near Lambeau Field closed over the weekend, many businesses along that stretch of Ridge Road remain open.

Source: Nathan Phelps
Monday, Apr 14 2025

Justice Department charges man with arson at New Mexico Tesla dealership, GOP headquarters
In February, two Tesla Model Y vehicles were set ablaze as well as spray-painted graffiti messages including “Die Elon” and “Die Tesla Nazi.”

Source: Associated Press
Monday, Apr 14 2025

Trump considers pausing his auto tariffs as the world economy endures whiplash
Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.

Source: Associated Press
Monday, Apr 14 2025

Haines City breaks ground on major commercial development
Haines City broke ground on Crossroads Village Center, a 120-acre commercial project that will include a Target.

Source: Alexis Jones
Monday, Apr 14 2025

China's Xi says there are no winners in a tariff war as he visits Southeast Asia
Although Trump has paused some tariffs, he has kept in place 145% duties on China, the world's second-largest economy.

Source: Associated Press
Monday, Apr 14 2025

State officials: More foreign companies bringing businesses to Florida
Brazilian-based Bauducco Foods recently broke ground in Zephyrhills. State officials said is a prime example of companies building in the state.

Source: Matt Lackritz
Monday, Apr 14 2025

Low-income Americans are worried about job loss, higher inflation, Fed says
The latest survey of consumer expectations found Americans earning less than $50,000 are most concerned.

Source: Susan Carpenter
Monday, Apr 14 2025

Staffing, REAL ID issues lead to changes at DMV in Fonda
Beginning Monday, the DMV office will limit transactions to Montgomery County residents only.

Source: Spectrum News Staff
Monday, Apr 14 2025

City of Orlando invites public input on revival of West Colonial Drive
City leaders and community partners are looking for ways to upgrade the West Colonial Drive corridor between I-4 and Tampa Avenue.

Source: Sasha Teman
Monday, Apr 14 2025

Pfizer ends development of potential pill obesity treatment
Pfizer is ending the development of its potential once-daily pill treatment for obesity before venturing into the biggest and most expensive level of clinical testing

Source: Associated Press
Monday, Apr 14 2025

China warns UK government to treat Chinese owners of British Steel fairly
China has warned the U.K. government to treat the Chinese owners of British Steel fairly or risk undermining investor confidence in the country after British authorities took control of the company

Source: Associated Press
Monday, Apr 14 2025

In-person Social Security ID policy modified ahead of rollout
The Social Security Administration says new technology will help them better flag fraud, so they can keep taking claims over the phone.

Source: Angie Angers
Monday, Apr 14 2025

Have you experienced a disaster? You have more time to file your taxes
If your life has been upended by a wildfire, hurricane, flood, tornado, or another disaster this past year, the IRS recognizes you may need more time to file your taxes and grants you an automatic extension

Source: Associated Press
Monday, Apr 14 2025