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Investments and Business

The Giving Pledge was meant to turbocharge philanthropy. Few billionaires got on board.

Billionaire participation in The Giving Pledge remains low despite its goal to turbocharge philanthropy

Peter G. Killigang

When Warren Buffett and Bill Gates launched the Giving Pledge in 2010, they envisioned a movement that would fundamentally transform charitable giving among the world's wealthiest individuals. The initiative invited…

Toyota, world’s biggest carmaker, warns of unprecedented .5 billion profit hit from tariffs

Investments and Business

Toyota, world’s dominant carmaker, expects $9.5 billion profit decline over tariffs

Peter G. Killigang

The automotive industry faces substantial challenges as trade policies reshape the competitive landscape, with Toyota Motor Corporation projecting a $9.5 billion reduction in annual profits due to recently implemented tariffs.…

Trump’s shoot-the-messenger tactic will only hurt the economy more

Investments and Business

Trump’s shoot-the-messenger tactic has negative economic consequences

Peter G. Killigang

A worrisome trend has surfaced regarding the way certain political figures react to negative economic signals. Recent instances reveal a tendency to question the integrity of specialists and organizations that…

Claire’s, a mall staple for tweens, files for bankruptcy — again

Investments and Business

Claire’s, tween accessory chain, files for bankruptcy again

Peter G. Killigang

The well-known jewelry and accessories brand Claire's has started bankruptcy procedures, signifying the retailer's second Chapter 11 filing, which has been a staple for generations of youthful customers. This situation…

Shein’s and Temu’s prices will get hit even harder by the new de minimis rule

Investments and Business

Shein’s and Temu’s prices may rise sharply after new de minimis rule

Peter G. Killigang

Recent changes to U.S. customs regulations are poised to reshape the competitive landscape for ultra-low-cost online retailers, particularly those specializing in fast-fashion and discount merchandise. The updated de minimis rule,…

Fox One streaming service to launch ahead of NFL season on Aug. 21, at .99 per month

Investments and Business

Fox One streaming platform launching at $19.99 per month before NFL season on Aug. 21

Peter G. Killigang

Fox Corporation is preparing to enter the competitive streaming market with the introduction of its new service, Fox One, scheduled to launch on August 21, just ahead of the upcoming…

All major Las Vegas Strip casinos are now unionized in historic labor victory

Investments and Business

Full unionization marks historic labor victory for Las Vegas Strip casinos

Peter G. Killigang

In a significant development for the hospitality and gaming sectors, all the major casinos on the Las Vegas Strip have officially become unionized. This landmark change results from years of…

E.U. will pause retaliatory tariffs against U.S. as trade talks continue

Investments and Business

E.U. ceases retaliatory tariffs on U.S. during trade talks

Peter G. Killigang

The European Union has agreed to temporarily halt the imposition of retaliatory tariffs on imports from the United States, signaling a strategic pause in a long-running transatlantic trade dispute. The…

Trump fires labor statistics boss hours after the release of weak jobs report

Investments and Business

Trump dismisses labor statistics leader post weak jobs report

Peter G. Killigang

In a move that stirred immediate reactions across Washington, former President Donald Trump dismissed the director of the Bureau of Labor Statistics (BLS) just hours after a jobs report revealed…

Ontario cancels internet deal with Musk's Starlink as part of U.S. tariff fight

Investments and Business

Ontario pulls out of Starlink internet deal as U.S. tariff tensions rise

Peter G. Killigang

The province of Ontario has formally terminated its partnership with Starlink, the satellite internet provider run by Elon Musk's SpaceX, in what authorities are calling a necessary reaction to the…