Business

This is an opinion column House Resolution 1 (HR1) is more commonly known as the “Big Beautiful Bill,” or “Big Bad Bill,” or “Big Bankruptcy Bill,” depending on your point of view. I’ll set aside political marketing and call it HR1. To best understand HR1, first understand America’s debt. In fiscal year 2024, America suffered a $1.8 trillion deficit. Deficits …

“This year’s extended Prime Day event delivered incredible savings to our members across millions of deals,” said Doug Herrington, CEO of Amazon Worldwide Stores. “We’re thrilled to see record savings for our customers, who found great prices on the everyday essentials and products they love. This event wouldn’t be possible without the dedication of our employees, delivery partners, vendors, and …

Cardano ADA/USD is experiencing a sharp rally Friday morning as the altcoin is trending across social media. The impressive jump comes in sympathy with Bitcoin, which rocketed to a new all-time high of $118,909. The surge in the world’s leading cryptocurrency is creating a powerful ripple effect across the entire digital asset market, lifting altcoins like Cardano along with it. …

Hartford Bakery, Inc. is voluntarily recalling hundreds of loaves of its “Lewis Bake Shop Artisan Style 1/2 Loaf” since the product may contain undeclared hazelnuts, the company said in an announcement shared by the Food and Drug Administration.  “People with a nut allergy or severe sensitivity to hazelnuts run the risk of serious or life-threatening allergic reactions if they consume …

Shocked by Your Electric Bill? AI Is Spiking Prices 20% in These 13 States  PCMag America’s largest power grid is struggling to meet demand from AI  Reuters US utilities plot big rise in electricity rates as data centre demand booms  Financial Times The Software That Could Save the Grid  Heatmap News There aren’t enough AI chips to support data center projections, report says  Utility Dive …

Nvidia Stock Falls From Historic High. Here’s What Gets It Back There.  Barron’s Nvidia becomes first company to close above $4 trillion mark  Yahoo Finance 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 150% and 735%, According to Certain Wall Street Analysts  The Motley Fool Time to book some profits in Nvidia? How to trade the $4 trillion stock from here …

Andrew Kassoy, 55, Dies; Saw Capitalism as a Force for Social Good  The New York Times Source link

Cadillac claims to have already achieved “EV leader” status this year with a full lineup of luxury electric SUVs rolling out. Even with the federal EV tax credit set to end, GM’s luxury brand believes it’s well-positioned to weather the storm. Is Cadillac really the leading luxury EV brand? Cadillac is coming off its best first-half sales since 2008. Sales …

Indeed and Glassdoor are laying off 1,300 people. The CEO of the parent company that owns both job-hunting platforms extolled the virtues of AI in the memo announcing the cuts. The companies have cut 3,200 jobs in the past two years. As if to underline just how unstable today’s job market is, job-hunting platform Indeed has instituted a series of …

Wall Street thought it had President Donald Trump all figured out on his trade war, but the past week has raised concerns that investors may be wrong. Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory …