News Summary Federal hiring freezes are causing significant disruptions in the collection of economic data and the functionality of government services. The Bureau of Labor Statistics is scaling back on surveys for the Consumer Price Index, which may lead to less reliable inflation data. Staffing shortages are also affecting agencies
News Summary A serious health risk has been raised as the FDA upgraded the tomato recall from Williams Farms Repack LLC to Class 1 due to potential Salmonella contamination. Tomatoes were distributed across Georgia, North Carolina, and South Carolina in late April. While no illnesses have been reported yet, consumers
News Summary Citigroup has announced the termination of its seven-year policy that restricted banking services for firearm industry manufacturers, sellers, and resellers. Initially implemented to promote responsible selling following the Parkland shooting, the policy generated significant debate in the banking and firearms sectors. This shift reflects a changing perspective on
News Summary The OECD warns of a slowdown in global economic growth, citing a decline in the U.S. forecast and challenges from tariffs and geopolitical conflicts. With significant drops in growth seen in several major economies including the Eurozone and China, the call for trade agreements and investment boosts becomes
News Summary Meta Platforms Inc. has entered a multibillion-dollar agreement with Constellation Energy for clean energy from the Clinton Clean Energy Center, a nuclear facility in Illinois. This deal, which starts in 2027, will support the plant’s operation until 2047 and enhance its capacity by 30 megawatts. Not only will
News Summary China is contemplating a monumental order from Airbus, potentially reaching 500 aircraft as European leaders visit Beijing to strengthen relations. Various Chinese airlines are in discussions about the order size, which could range from 200 to 500 planes, including both narrowbody and widebody models. This shift in procurement
News Summary Smoke from wildfires in Canada is causing air quality alerts across the Upper Midwest and Northeast U.S. The National Weather Service has issued warnings, especially for New York City, advising residents to limit outdoor activities. Health concerns are rising in states like Minnesota and Wisconsin, where hospitals report
News Summary Roark Capital has taken a significant step in the culinary world by acquiring a majority stake in Dave’s Hot Chicken, valued at around $1 billion. This fast-casual chain, which started in a Los Angeles parking lot just six years ago, has rapidly expanded to over 300 locations. With
News Summary Travelers at Newark Liberty International Airport can now enjoy improved operations as the main runway 4L-22R reopens nearly two weeks ahead of schedule. The $121 million rehabilitation project enhances capacity from 28 to 34 takeoffs and landings per hour. Despite ongoing challenges such as air traffic controller shortages
News Summary OPEC+ has announced a significant increase in oil production by 411,000 barrels per day, amid rising geopolitical tensions and concerns about the balance of supply and demand in the global oil market. This decision coincides with escalating conflicts involving Ukrainian forces, which have led to increased volatility in
