Business - Page 14

Hawley Proposes $600 Tariff Rebate Checks for Americans

Written By Lexx Thornton Sen. Josh Hawley, R-Mo., on Monday introduced a bill to send tariff rebate checks to American families, which would be similar to the stimulus checks sent during the COVID-19 pandemic. If enacted, the American Worker Rebate Act of 2025 would provide “at least” $600 per adult and dependent child, or $2,400 for a family of four, according to a statement from Hawley. The bill allows for a larger rebate if tariff revenue exceeds projections.   Whatever the final amount, the benefit would be reduced by 5% for joint filers with an adjusted gross income above $150,000 or

Entergy Texas Awards $5K Scholarships to Future STEM Leaders

Entergy Texas proudly announces the six recipients of its Power Your Future Scholarship, an initiative that supports students pursuing eligible technology majors at select Historically Black Colleges and Universities and minority-serving institutions across the Gulf South. The scholarships are a part of Entergy Corporation’s $20 million commitment to education and workforce development “These scholarships do more than support education—they help shape the future workforce that will lead our industry and help power our growing communities,” said Scott Hutchinson, Vice president of public affairs for Entergy Texas. “By investing in students today, we’re investing in young leaders who will play a

Google Unveils Major AI Investments and Initiatives in Africa

Written By Lexx Thornton On July 24, Google took to Accra, Ghana, to unveil its wave of AI-centered initiatives across Africa aimed at growing influence in the AI space. By partnering with local researchers, including its Google Research teams in Kenya and Ghana, developers, and organizations, the tech giant plans to drive AI innovation rooted in African perspectives with a global impact.   “Africa’s AI future is already taking shape — in classrooms, research labs, creative studios, and small businesses across the continent,” Google said. “Today’s announcements build on our belief that when communities have the tools and resources they need,

Black Unemployment Hits 3-Year High Amid Economic Uncertainty

Written By Lexx Thornton Unemployment among Black Americans last month reached its highest level in more than three years, in stark contrast to the broader labor market’s resilience. The jobless rate for Black Americans climbed to 6.8% in June, the Labor Department said Thursday, up sharply from May’s 6% and the highest level since January 2022.   Meanwhile, the national unemployment rate ticked down to 4.1% and employers added a stronger-than-expected 147,000 jobs in June, according to Thursday’s jobs report. Joblessness also declined for Whites, Hispanics, and Asians.   President Donald Trump’s chaotic trade war, which paralyzed business decision-making and sparked fears

Apple crushes Wall Street expectations as iPhone sales soar

By Lexx Thornton Apple on Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump’s trade war have so far succeeded.   Apple said it earned $94.04 billion in revenue for its fiscal third quarter ended June 28, up nearly 10% from a year earlier and beating analyst expectations of $89.54 billion, according to LSEG data. Its earnings per share of $1.57 per share topped expectations of $1.43 per share.   Sales of iPhones, the Cupertino, California, company’s best-selling product, were up 13.5% to $44.58 billion,

New York to Mail Inflation Relief Checks Starting in October

Written By Lexx Thornton The state will mail inflation refund checks to over 8 million people starting in October. The one-time payments are supposed to blunt the effects of the affordability crisis by returning a portion of inflated sales taxes already paid by New Yorkers. According to the Department of Taxation and Finance, payments will go to New Yorkers who qualify automatically, so there’s no need to apply. They’ll use information from filed tax returns to determine eligibility and mailing addresses.   Checks will be mailed out over several weeks starting in the middle of October, which the Tax Department blamed

FEMA Launches $608M Detention Grants to States

Written By Lexx Thornton The Federal Emergency Management Agency is preparing to send $608 million to states to construct immigrant detention centers as part of the Trump administration’s push to expand capacity to hold migrants. FEMA is starting a “detention support grant program” to cover the cost of states building temporary facilities, according to an agency announcement. States have until August 8 to apply for the funds, according to the post.  The Trump administration has been encouraging states to build their own facilities to detain migrants. This program provides a way for the administration to help states pay for it.

FICO Empowers HBCU Students to Combat AI Bias in Finance

By Dr. Deborah Bailey The Fair Isaac Corporation, or FICO, is one of America’s leading credit reporting agencies. Now, the company has developed a partnership with historically Black colleges and universities (HBCUs) with a goal of getting more Black students to consider a career in data analytics. FICO has partnered with several HBCUs through its Educational Analytics Challenge to train Black students in analyzing AI data sets and addressing bias in credit and fraud detection systems. The initiative equips students with real-world skills to improve fairness in financial decisions that disproportionately affect Black communities. Credit: Nappy.co/ antoinedigital FICO uses data

2025 earnings will be worse than expected as high medical costs challenges insurers

Written By Lexx Thornton UnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street’s expectations, as the company’s insurance unit continues to grapple with higher medical costs.  Shares of UnitedHealth Group fell more than 3% in premarket trading on Tuesday.   The company anticipates it will post 2025 adjusted earnings of at least $16 per share, with revenue of $445.5 billion to $448 billion. Wall Street analysts had expected 2025 adjusted profit of $20.91 per share, and full-year revenue of $449.16 billion, according to consensus estimates from LSEG.   The stock tumbled in May after the company suspended

Stock futures rise as U.S.-EU trade deal kicks off a hectic week for markets

By Tanaya Macheel U.S. equity futures rose early Monday as Wall Street prepared for an especially busy week that’ll bring earnings from several major tech companies, a key Federal Reserve meeting, President Donald Trump’s Aug. 1 tariff deadline and key inflation data. Futures tied to the Dow Jones Industrial Average climbed 117 points, or 0.26%. S&P 500 futures were 0.32% higher and Nasdaq 100 futures added 0.5%. The move comes after Trump announced Sunday that the U.S. has reached an agreement with the European Union to lower tariffs to 15%. The president had previously threatened 30% tariffs on most imported goods from the U.S.’s largest trading

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