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Musk’s brain implant company filed as a ‘disadvantaged business’

Musk’s brain implant company filed as a ‘disadvantaged business’

Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued

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Jul 19, 2025
A flagging U.S. industry looks for new life in a Philadelphia shipyard

A flagging U.S. industry looks for new life in a Philadelphia shipyard

The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim, nodding to the gargantuan vessels under

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Jul 18, 2025
Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer price index, a broad-based measure of

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Jul 17, 2025
Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

Jerome Powell asks inspector general to review Fed’s $2.5B renovation project

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with

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Jul 16, 2025
Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and possibly some consumer boredom with an

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Jul 10, 2025
Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

Boeing delivers most airplanes since late 2023 after ramping up 737 Max output

Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series

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Jul 9, 2025
Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Is a Chinese chain’s blood orange cold brew the future of coffee in America?

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks. Both new Luckin

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Jul 7, 2025
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival

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Jul 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on aluminum weighed on its profitability. Still, the brewer

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Jul 4, 2025
Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels

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Jul 4, 2025

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