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News & Articles By Laura Harris
06/30/2025
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By Laura Harris
Trump administration sanctions three Mexican financial firms over alleged cartel ties
The Department of the Treasury sanctioned CIBanco, Intercam Banco and Vector Casa de Bolsa for allegedly laundering money for major drug cartels and aiding the global fentanyl trade. The move marks the first enforcement under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act, aiming to cut off cartel-linked entities from the U.S. financial […]
06/25/2025
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By Laura Harris
Maersk to cut ties with companies linked to illegal Israeli settlements
Shipping giant Maersk announced it will divest from companies operating in illegal Israeli settlements in the occupied West Bank, aligning its practices with United Nations High Commissioner for Human Rights (OHCHR) guidelines. The decision follows an internal review and aims to comply with the OHCHR database, which lists over 100 companies supporting settlements deemed illegal […]
06/22/2025
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By Laura Harris
China’s auto industry teeters on the brink as subsidies vanish in six major cities
Six major Chinese cities have abruptly halted key car-buying subsidies due to exhausted funds, threatening to stall vehicle sales and highlighting the limits of Beijing’s stimulus-driven growth strategy. Over four million applications for car subsidies helped lift retail sales in May by 6.4 percent, but the momentum may collapse without new government support, which has […]
06/21/2025
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By Laura Harris
PGBC under Biden administration awarded tens of millions in contracts to ESG-linked Wall Street firms
A National Pulse investigation found that under the Biden administration, the Pension Benefit Guaranty Corporation (PBGC) awarded tens of millions in federal contracts to Wall Street firms heavily involved in environmental, social and governance (ESG) advocacy. Wellington Management received $114M, Neuberger Berman $24M and Allspring Global $22.2M. All three firms have strong ties to climate […]
06/19/2025
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By Laura Harris
Consumer confidence rebounds sharply in June as inflation fears ease, UMich survey shows
The University of Michigan’s early June survey showed a strong recovery in consumer confidence, with the sentiment index jumping 15.9 percent to 60.5, well above expectations. Americans appear to be adjusting to the high tariffs announced in April, with optimism returning despite ongoing concerns about broader economic risks. Short-term inflation expectations dropped significantly, with the one-year […]
06/17/2025
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By Laura Harris
Micron expands U.S. investment to $200 billion amid Trump push to onshore semiconductor supply chains
Micron Technology is increasing its domestic investment to $200 billion, including $150 billion for manufacturing, building a new chip fab in Idaho and expanding one in Virginia and $50 billion for R&D. The expansion includes advanced memory packaging and High Bandwidth Memory (HBM) production to strengthen the U.S. AI ecosystem and reduce reliance on overseas […]
06/17/2025
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By Laura Harris
Frito-Lay shutters iconic Rancho Cucamonga plant in California after 55 years
Frito-Lay has shut down snack production at its Rancho Cucamonga plant after 55 years. The facility was known for producing popular snacks like Cheetos, Doritos and Funyuns, and is linked to the origin of Flamin’ Hot Cheetos. While manufacturing has ceased, warehouse, distribution, fleet and transportation units at the site will continue to operate. PepsiCo […]
06/15/2025
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By Laura Harris
U.S. inflation stays cool in May, challenging predictions of tariff-driven price surge
U.S. consumer prices rose just 0.1 percent in May, continuing a four-month trend of modest inflation and challenging predictions that tariffs would sharply raise costs. Falling gas prices – down 2.6 percent in May and 12 percent year-over-year – helped keep overall inflation in check, while food and service prices saw only moderate increases. Durable […]
06/15/2025
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By Laura Harris
U.S. citizens benefit as over 1 million foreign-born workers exit country’s workforce, Federal Reserve data shows
Between March and May 2024, the U.S. foreign-born labor force declined by 1.013 million workers, dropping from 33.719 million to 32.706 million, according to the Federal Reserve Bank of St. Louis. The overall civilian labor force shrank by only 437,000 in the same period, indicating that foreign-born workers are leaving the workforce at a much […]
06/12/2025
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By Laura Harris
BLS data shows private sector job growth booms under Trump’s second term, outpacing Biden’s last two years
Private-sector employment reached 99.8 percent in the first half of Trump’s second term, contrasting sharply with Biden’s final years, where only 75 percent of new jobs were private sector. The U.S. added 139,000 private-sector jobs in May alone, led by leisure/hospitality (+48,000), transportation (+5,800) and construction (+4,000), marking continued expansion. Real hourly earnings grew nearly […]
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