SBA approves Gov. Newsom’s disaster relief request after LA protests
July 1 (UPI) -- The Trump administration has approved California Gov. Gavin Newsom's request for disaster relief following last month's riots in downtown Los Angeles,…
After ‘F1’ speeds off, what’s next for Apple’s film business?
The $145-million global opening of Apple’s “F1 The Movie” came as a relief — both for the iPhone maker itself and theater operators hoping for…
China’s Luckin Coffee opens first U.S. locations in New York City
Chinese coffee chain retailer Luckin Coffee entered the U.S. market Monday with two locations in New York City. The coffee chain, which is cashless and…
Home Depot buys bulding product distributor GMS in $4.3B deal
June 30 (UPI) -- Home Depot on Monday announced an agreement to buy GMS, a leading specialty building products distributor. The deal, which is expected…
AI is controversial in Hollywood. For China’s film business, it’s no holds barred
Hollywood’s relationship with artificial intelligence is fraught, as studios balance the need to cut costs with growing concerns from actors, directors and crew members. But…
Canada rescinds Digital Services Tax to restart U.S. trade talks
June 30 (UPI) -- Ottawa announced late Sunday that it was rescinding a tax on technology firms generating revenue from Canadians just hours before it…
Trump reveals group of ‘wealthy people’ wants to buy TikTok in U.S.
June 29 (UPI) -- President Donald Trump said a group of "very wealthy people" wants to buy the Chinese-owned TikTok social media app that is…
G-7 agrees to exclude U.S. companies from 15% minimum tax
June 29 (UPI) -- Group of Seven nations agreed to exempt U.S. companies from a 15% minimum corporate tax rate, the countries said in a…
Proposed federal budget would limit access to student loans
June 28 (UPI) -- The latest version of the Senate's federal budget reconciliation bill would limit the availability of student loans for future borrowers by…
Trump cancels U.S.-Canadian trade talks over tech taxes
June 28 (UPI) -- President Donald Trump cited potential Canadian taxes on U.S. tech companies as his reason for ending trade talks with Canada on…
Senate debates GOP budget bill ahead of procedural vote
June 28 (UPI) -- Senate Republicans released their updated version of the massive spending bill late Friday, which still includes an extension of tax cuts…
FBI confirms hacker group behind Hawaiian Airlines attack
June 28 (UPI) -- A notorious hacker group could reportedly be responsible for a recent cyberattack on Hawaiian Airlines that affected some of its IT…
Tesla fires VP of manufacturing Omead Afshar amid declining EV sales
A row of Teslas charge at a Tesla power station (2018). The company announced on Thursday that it sold fewer cars in 2024 than it…
What is Canada’s digital tax and why is Trump killing trade talks over it? | Business and Economy News
As Canada pushes ahead with a new digital services tax on foreign and domestic technology companies, United States President Donald Trump has retaliated by ending…
S&P 500, Nasdaq set records in dramatic 3-month turnaround
June 27 (UPI) -- The Standard & Poor's 500 and Nasdaq Composite on Friday rose to record highs nearly three months after plunging to bearish…
Nike forecasts turnaround from dismal fourth quarter despite tariffs
June 27 (UPI) -- Nike is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion in added tariff…
Has Trump struck a trade deal with China – and what about other countries? | Business and Economy News
The United States has reached an agreement with China on accelerating shipments of rare earth minerals to the US, amid efforts to end a trade…
South Korea’s dental tech firm Medit sued in U.S. federal court
June 27 (UPI) -- South Korea's three-dimensional dental scanner maker Medit is facing a lawsuit filed by an Israeli company in a U.S. federal court…
Amid declining EV sales, Tesla fires vice president of manufacturing
A row of Teslas charge at a Tesla power station (2018). The company announced on Thursday that it sold fewer cars in 2024 than it…
Thailand moves to re-criminalise cannabis in blow to $1bn industry | Business and Economy News
The order to restrict cannabis use for medical purposes only must pass another hurdle before becoming law.The Thai government is moving to tighten rules around…