Business

BlackRock to Buy Panama Canal Ports from Hong Kong Firm

A BlackRock-led consortium has reached an agreement to acquire two critical port operations in the Panama Canal from Hong Kong-based CK Hutchison Holdings Ltd.

Why Aren’t Chicken Meat Prices Rising Like Egg Prices?

U.S. response to the avian flu is driving egg prices to record highs, but chicken prices remain relatively stable because of how birds are raised and marketed.
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Rollins Pitches Five-Point Plan to Address High Egg Prices

Ag. Sec. Brooke Rollins said USDA will boost federal funding and work to temporarily remove certain regulations surrounding egg farming to stem price increases.

Starbucks Cuts 1,100 Corporate Roles in New CEO’s Push to Streamline, Cut Costs

Starbucks is eliminating 1,100 corporate jobs as part of restructuring to streamline operations and increase efficiency. Layoffs don't impact in-store employees.

Apple Commits More Than $500 Billion Investment in US

Apple announced “largest-ever” spending commitment involving hundreds of billions of dollars in the US to boost manufacturing and initiatives, including AI.

Trump Media, Rumble Ask US Court to Issue Restraining Order Against Brazilian Judge

Trump Media and Rumble asked US court to issue restraining order against Brazilian judge who ordered nationwide suspension of Rumble’s video service in Brazil.

US Approves Texas Gulflink Deepwater Port for Exporting Crude Oil

Federal agency approved construction of a deepwater port off the coast of TX capable of shipping 2 million barrels per day of crude oil internationally.

Community Banks in Decline, Struggle With High Regulatory Burden

Community Banks that are locally owned and operated—have significantly declined over the past 25 years, from more than 8,500 to around 4,000 today.