Business

The Ah Louis Store in San Luis Obispo, California, builds its holiday business on imported ornaments, décor, and small gift items. Co-owner Emily Butler said that in 2025 some merchandise arrived later than expected or landed at higher costs after President Donald Trump imposed unusually high taxes on imported goods, forcing the shop to work harder to turn browsing into…

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Ford Motor Co. is embarking on a bold retooling of its Louisville Assembly Plant, marking a pivotal shift from seven decades of gas-powered car production. The automaker is committing nearly $2 billion to convert the facility into a cutting-edge hub for electric vehicle (EV) manufacturing. Under this plan, production of the Ford Escape and Lincoln Corsair will cease by the end…

A Unified System With Smarter Thinking OpenAI has officially launched GPT-5, its most capable and intelligent AI system to date. The model marks a major advancement across key domains such as coding, writing, math, health, and visual reasoning. Unlike previous versions, GPT-5 operates as a unified system that dynamically chooses between quick responses or deep reasoning based on the complexity…

Shares of Intel slid 3.5% on Thursday after former President Donald Trump declared on Truth Social that “the CEO of Intel is highly CONFLICTED and must resign, immediately.” The post landed just before the opening bell, triggering automated sell orders and dragging the stock to its lowest level in a month even as the tech-heavy Nasdaq Composite advanced. Cotton’s Letter…

Massive Investment Reinforces America First Policy Apple is set to invest an additional $100 billion in the United States to expand its domestic operations, according to a White House official. The announcement, to be made by President Donald Trump, follows Apple’s earlier $500 billion commitment aimed at growing its footprint within the country. The move signals another major victory for…

A Familiar Strategy: Attack The Messenger President Donald Trump rejected July’s disappointing employment figures by casting doubt on the numbers and removing the official who oversees them. After the Bureau of Labor Statistics reported a sharp slowdown in hiring and downward revisions to prior months, Trump called the figures “phony” and moved to oust the commissioner who supervised the process.…

End of Duty-Free Shopping for Low-Cost Imports The Biden administration has moved to close a major trade loophole used by global e-commerce giants like Shein and Temu, eliminating the “de minimis exemption” that allowed duty-free entry for goods valued under $800. Originally scrapped for China and Hong Kong in May, the exemption will now end for all countries starting August…