The White House states that Musk is entitled to represent his businesses.
White House spokesperson Karoline Leavitt stated Thursday that President Trump has the right to communicate on behalf of his administration amid the escalating dispute with Tesla CEO Musk. The pair engaged in a heated public confrontation, exchanging barbs. Notably, Musk asserted that Trump wouldn’t have won the 2024 presidential election without Musk’s influence. While appearing […]
Survey shows small businesses are experiencing the impact of tariffs.
A recent survey reveals that over a third of small business owners feel negatively impacted by President Trump’s tariffs, as highlighted in a Goldman Sachs study released on Thursday. In fact, about 38% of those already affected anticipate further challenges. A significant 77% of small business owners expressed concerns, primarily stemming from the uncertainty caused […]
Trump vows to cut massive federal funding for Elon Musk’s businesses amid escalating feud.
Trump and Musk’s Escalating Feud In a surprising turn, President Trump intensified his feud with former advisor Elon Musk on Thursday, criticizing the substantial federal funding supporting Musk’s enterprises. He claimed that cutting these subsidies could save “billions and billions” from the budget. It’s curious, he noted, that former President Biden didn’t take action on […]
Oregon health insurers announce expected premium hikes for individuals and small businesses in 2026
Premium Increases for Oregonians’ Health Coverage Residents of Oregon who purchase health coverage through small businesses are facing premium increases next year. This change is part of the proposed adjustments from local health insurance companies for the 2026 Health Plan, with an average hike of around 10% for individuals and more than 11% for small […]
“Playing It Safe Can Be Risky”: CZ Responds as 12 New Businesses Include Bitcoin in Their Assets
Binance Founder Talks Bitcoin Investment Decisions Changpeng Zhao, the founder of Binance, recently suggested that the new Bitcoin finance companies are making calculated risks similar to those in other industries. This assertion came in response to news about these companies’ recent activities in the Bitcoin market. 12 New Bitcoin Finance Companies Reveal BTC Holdings Last […]
Businesses Scale Back Their Pride Month Communications
Target Adjusts Pride Month Strategy In June of this year, Target stores are set to introduce a new US-themed apparel section, moving away from the Pridemance merchandising that marked last year’s celebrations. The company has taken several steps back, including removing Pride products and opting not to update their social media profiles to feature the […]
Shipping expenses are expected to double as businesses hurry to bring in products before the end of the China-US trade agreement.
US companies are hurrying to import goods from China ahead of the 90-day grace period for tough tariffs ending, leading to an unexpected climb in shipping charges and rising store prices. Major airlines, like Hapag-Lloyd, plan to raise shipping costs for 40-foot containers traveling between China and West Coast ports from $3,500 starting June 1. […]
Trump’s new legislation could lead to significant tax hikes for Canadian businesses, potentially costing investors as much as $81 billion over seven years.
Changes in US Tax Policy Affecting Canadian Businesses President Donald Trump’s proposed tax legislation could lead to a notable rise in tax rates for Canadian firms, which may ultimately burden investors with up to $8.1 billion in extra taxes over a seven-year timeframe. Recently, the House approved a Republican measure—dubbed “The One, Big, Beautiful Bill”—by […]
Knicks could bring $832 million to NYC from home games, and these businesses are already experiencing growth.
Impact of Knicks Playoff Games on NYC Businesses The recent success of the New York Knicks isn’t just winning games—it’s also doing wonders for local businesses. According to an announcement from the mayor’s office, postseason home games could potentially generate up to $832 million for businesses in the city. So far, the playoffs have brought […]
Many businesses report they will need to increase prices because of Trump’s tariffs: Survey
A recent poll reveals that many companies, especially in the US and China, believe the Trump administration needs to increase prices due to the removal of a variety of import duties. The latest Allianz Trade Global Survey, which compares responses before and after the tariffs were imposed on what’s been dubbed “liberation day” on April […]