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News & Articles By Laura Harris
06/03/2025
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By Laura Harris
Business Insider slashes 21% of workforce amid strategic pivot toward AI
Business Insider is cutting 21 percent of its workforce across all departments as part of a restructuring strategy focused on efficiency and long-term sustainability. CEO Barbara Peng said the company is “going all-in on AI,” with tools like generative AI search, an AI-powered paywall and broader automation integrated into operations. BI is narrowing its editorial […]
06/02/2025
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By Laura Harris
Micro-housing surges in U.S. cities as housing crisis deepens
Micro-units (under 441 sq. ft.) now make up 2.4 percent of new U.S. rentals – double the share from the early 2000s – driven by affordability and urban density needs. West Coast cities like San Francisco (15 percent micro-units) and Seattle (66 percent of new rentals) lead the trend, while Honolulu (27 percent) and Minneapolis […]
06/01/2025
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By Laura Harris
Trump threatens 25% tariff on iPhones unless Apple moves production to U.S.
President Donald Trump demanded that Apple shift iPhone production to the U.S. or face a 25 percent tariff, criticizing CEO Tim Cook for expanding manufacturing in India instead. Apple is diversifying away from China, planning a $1.5 billion production hub in India, with Cook projecting most U.S.-sold iPhones will soon originate there. Trump’s tariff threat […]
05/29/2025
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By Laura Harris
Trump agrees to delay EU tariffs after call with von der Leyen, sets new deadline for trade deal
President Donald Trump agreed to delay a proposed 50 percent tariff on all EU goods (originally set for June 1) after a phone call with European Commission President Ursula von der Leyen, extending negotiations until July 9. Trump had accused the EU of unfair trade practices, claiming it was formed to exploit the U.S. and […]
05/26/2025
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By Laura Harris
Trump threatens 50% TARIFF on EU imports – but delays it after talks with Brussels
President Donald Trump proposed a sweeping 50 percent tax on all EU goods starting June 1, accusing the bloc of exploiting the U.S. and flooding markets with cars and agricultural products. The threat follows earlier tariffs (20 percent on EU goods, 25 percent on autos/metals) and Trump’s suspension of broader levies. He called the EU […]
05/25/2025
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By Laura Harris
House Ways and Means Committee considers universal de minimis ban amid U.S.-China trade war
The House Ways and Means Committee approved a tax bill to permanently end de minimis exemptions for commercial shipments by July 2027, closing a loophole exploited by Chinese e-commerce firms to bypass tariffs and customs scrutiny. Critics argue the $800 de minimis threshold enables smuggling, disadvantages U.S. retailers and deprives the government of tariff revenue, […]
05/25/2025
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By Laura Harris
Senate unanimously passes No Tax on Tips Act
The Republican-led Senate passed the No Tax on Tips Act with rare bipartisan support, introduced by Sen. Ted Cruz (R-TX) and co-sponsored by Nevada Democrats Sens. Jacky Rosen and Catherine Cortez Masto. No Tax on Tips Act creates a tax deduction of up to $25,000 for reported tips, benefiting workers earning ?$160,000 (adjusted for inflation). […]
05/25/2025
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By Laura Harris
Los Angeles Mayor Karen Bass signs executive order that seeks to revive Hollywood
Los Angeles Mayor Karen Bass signed an executive order to streamline film production permits and cut costs, aiming to revitalize L.A.’s struggling film industry by reducing bureaucratic hurdles and making iconic locations more accessible. Due to competition from states like Georgia and New Mexico, the pandemic, Hollywood strikes and wildfires, on-location filming dropped 25 percent […]
05/25/2025
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By Laura Harris
Home Depot braces for downturn in consumer spending after reporting slight sales increase in Q2
Home Depot anticipates a downturn in consumer spending amid economic uncertainty, despite modest Q2 earnings and a slight sales increase. While Home Depot avoids broad price hikes, some products may be discontinued if tariffs make them unprofitable. The company is diversifying its supply chain to reduce reliance on any single foreign country. CEO Ted Decker […]
05/24/2025
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By Laura Harris
U.S. companies rush to reshore manufacturing as Trump tariffs reshape global trade
A record 90 percent of U.S. firms plan to relocate manufacturing domestically or switch to American suppliers due to Trump’s aggressive tariffs (10–30 percent on imports from China, Mexico and Canada), signaling a major shift in supply chains. Tariff revenues hit $16.3 billion in April 2024, contributing to a $258 billion federal surplus, while forcing […]
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