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A flagging U.S. industry looks for new life in a Philadelphia shipyard

The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim,…
Investing

Coca-Cola dodges after Trump says soda will switch back to cane sugar

President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company…
Investing

Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

President Donald Trump said Wednesday it was ‘highly unlikely’ he would fire Jerome Powell as chair of the Federal Reserve. His statements,…
Investing

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer…
Investing

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House,…
Investing

Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in…
Investing

Trump’s tariffs on Brazil could make your coffee even more expensive

President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green…
Investing

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American…
Investing

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he…
Investing

Sports executive charged with bid-rigging in Texas arena project

Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop,…
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