Higher interest rates could cost US companies $380B in ‘slowly unfolding crisis’
Main Street Asset Management Chief Investment Officer Erin Gibbs and QI Research CEO Danielle DiMatino Booth join “Making Money” to discuss whether the Fed will raise interest rates this year. Companies across the U.S. are heading toward a new era of refinancing cliffs, with billions of dollars in potential losses. High Interest RatesThis is causing […]
U.S. Tariffs on China Help Rescue American Textile Companies from Ruin
The tariffs that the U.S. imposed on Chinese imports helped rescue a stranded textile industry in the U.S. that had been devastated by decades of free trade, along with mass layoffs of domestic textile workers. Joseph Ferrara, CEO of Ferrara Manufacturing, said tariffs on Chinese imports have helped revive his New York City, N.Y.-based manufacturing […]
EU’s new ESG rule affects American companies, social credit
The European Union has just given final approval to new ESG requirements that will affect companies around the world. While the rules directly target companies that sell $500 million worth of products, any company that does business with those companies, no matter how small, must comply with the new rules as well. Affected companies will […]
Chinese Companies Are Reportedly Camouflaging Themselves As US Brands To Dodge Gov’t Blacklist
The Wall Street Journal reported on Wednesday that many of the blacklisted Chinese companies are masquerading as American businesses to operate in the United States and avoid fines. The US government has taken several steps. crack under The sanctions are aimed at Chinese companies that have ties to the Chinese Communist Party and have been […]
Study names most innovative companies in the US
Sound Planning Group CEO David Stryzewski responded to reports that Apple is developing AI chips for data centers on The Big Money Show. Analysts differ in their opinions of what makes one company more innovative than another: some analysts focus on a big leap forward with one innovative product, while others might point to a […]
The Amount of Copper Needed for EVs Is ‘Impossible for Mining Companies to Produce’
A recent study from the University of Michigan sheds light on a key challenge facing the global transition to electric vehicles: copper mining cannot keep up with increasing demand. Engineering and Technology Reports Copper, essential for the generation, distribution and storage of electricity, is crucial to the success of policies aimed at encouraging EV adoption, […]
Companies agree to $2M payout in Atlantic oil dumping case
Two shipping companies have agreed to plead guilty to federal charges related to a New Orleans-bound ship dumping oil into the Atlantic Ocean last year and pay $2 million in fines. New Mexico reaches record settlement with company over natural gas flaring The companies, Prive Overseas Marine LLC and affiliate Prive Shipping Denizsilik Tikaret, were […]
Biden: AI companies ‘must earn our trust’ before transforming lives
President Biden praised the transformation that artificial intelligence (AI) could bring to the world, but warned that companies developing AI must first “earn trust.” “Artificial intelligence and the companies that harness its potential will change the lives of people around the world. There’s no question about that,” Biden said. wrote on social media platform. “But […]
Democrats urge Biden administration to investigate data practices of tax prep companies
Several Democratic lawmakers have called on the Biden administration to ask TurboTax to keep large tax preparation firms private after a recent report found that TurboTax repeatedly pressured tax preparers to share sensitive tax data. They are calling for an investigation into their data practices. Sen. Elizabeth Warren (D-Mass.), Sen. Ron Wyden (D-Ore.), Sen. Richard […]
Google, Meta Among Big Tech Companies Challenging New York Child Safety Online Bills
Google and Meta lead a group of companies in a lobbying effort against two bills aimed at enhancing online safety for children, the New York Post reported Monday. The companies, alongside various advocacy groups and businesses from different sectors, have already spent $823,235 through mid-March to influence lawmakers, and this figure is expected to surpass […]