France’s state-owned utility EDF said it will cap the cost of building six new nuclear reactors at 72.8 billion euros, a sharp rise from the 51.7 billion euros referenced when the plan was announced in 2022. The ceiling is stated in 2020 values, and EDF said it intends to improve both cost discipline and construction speed as the project moves…
Hailey Bieber’s skincare brand, Rhode, has been acquired by e.l.f. Beauty in a landmark deal valued at approximately $1 billion. The acquisition marks one of the largest transactions in the celebrity beauty industry in recent years. Bieber, who founded Rhode in 2022, has grown the brand rapidly with a focus on minimalist skincare products and a highly engaged online following.…
Trump’s tariff threat reignites long-standing manufacturing debate President Donald Trump’s renewed push to bring iPhone manufacturing to the United States has reignited a long-standing debate over Apple’s global production strategy. As Trump threatens a 25% tariff on Apple and other smartphone makers unless they build phones domestically, the company faces increasing political and economic pressure — but experts say relocating…
After months of steady decline, consumer confidence in the United States made a significant rebound in May, offering a rare bright spot amid ongoing economic challenges. According to the latest report from The Conference Board, the consumer confidence index rose to 102 in May, up from 97.5 in April. This 4.5-point jump breaks a five-month streak of falling confidence, which…
Major Brands Warn That Import Duties Will Soon Impact Shoppers As President Donald Trump’s latest tariff measures take effect, a growing list of major companies is signaling upcoming price increases, citing the financial pressure of import taxes. Retailers, manufacturers, and automakers are among those most affected by the sweeping trade policies, with consumers expected to bear the brunt of the…
On May 23, 2025, President Donald Trump took to social media to announce a new threat of imposing a 25% tariff on Apple iPhones sold in the United States, unless the tech giant moves its production facilities to America. This announcement reflects Trump’s ongoing trade strategy aimed at encouraging domestic manufacturing and reducing the U.S. trade deficit. The President criticized…
The United States Treasury has officially announced it will phase out the production of the one-cent coin, marking a significant shift in the country’s currency system. The decision, aimed at cutting costs and reducing waste, follows years of debate over the penny’s practicality in modern commerce. Final Order Placed, Mint to Cease Production In a statement released Thursday, the Treasury…
