Browsing: Business
The New York Times has named three D.C.-area restaurants among the 50 best in the U.S., highlighting the region’s vibrant culinary scene. This recognition underscores growing acclaim for local dining establishments.
The US Education Department plans to cut half its staff amid President Trump’s push to eliminate the agency. The reduction reflects efforts to reduce federal involvement in education, according to Reuters.
Patricia Washington has been named the Chamber ALX 2024 Business Leader of the Year, recognizing her outstanding leadership and impact in the local business community, thezebra.org reports.
Businesses across the U.S. are bracing as steel and aluminum tariffs double today, raising concerns over rising costs and supply chain disruptions. Industries warn these measures could impact prices and production nationwide.
Tensions escalate in Washington and B.C. border cities as increased cross-border restrictions fuel frustration among residents. Local officials call for dialogue to address economic and social impacts.
The GSA awarded a $33.2 million contract to a Native-owned small business for expanding the Pacific Highway port of entry in Washington, enhancing infrastructure and supporting tribal economic growth.
President Trump’s use of emergency law to impose tariffs risks undermining his broader trade war strategy, raising concerns about legal challenges and escalating tensions with key global partners, experts say.
Automakers are pushing to establish their own banks, aiming to benefit from lighter regulatory oversight. They argue this move would streamline financing and boost competitiveness in a shifting automotive landscape.
Stellantis Chair John Elkann met with former President Donald Trump and key U.S. officials in Washington to discuss automotive industry priorities, trade, and investment strategies, Reuters reports.
Concerns over the Trump administration’s policies have led to a noticeable decline in international tourists canceling U.S. travel plans. Experts warn this trend may impact the tourism industry and broader economy.
Former President Donald Trump plans to prioritize business deals over geopolitical issues during his upcoming visit to the Middle East, signaling a shift from traditional diplomatic focus, The Washington Post reports.
Trump’s tariffs spark fears of escalating trade wars, a potential recession, and soaring prices, with the cost of an iPhone projected to hit $2,300, Reuters reports, highlighting widespread economic concerns.
Elon Musk’s extensive business ties in China, including Tesla’s operations, raise concerns about conflicts of interest as he takes on roles tied to U.S. national security, complicating the intersection of commerce and government oversight.
Investors are steering clear of the U.S. dollar and Treasurys amid escalating fears over President Trump’s trade war. The uncertainty is driving market volatility as global tensions rise.
The White House eased tariffs on Chinese goods following warnings they were harming “Trump’s people,” reflecting concerns over economic fallout amid ongoing trade tensions, The Washington Post reports.
Switzerland ramps up financial preparations ahead of a key tariff deadline in Washington, signaling readiness to counter potential trade tensions, Reuters reports. The move underscores Switzerland’s strategic economic positioning.
Even as pope, Leo XIV could face U.S. tax scrutiny. Legal experts say his financial ties to the U.S. might require filing tax returns, highlighting complex overlaps between Vatican duties and American tax laws.
Australia has ruled out retaliating against US steel tariffs imposed by the Trump administration, opting instead for diplomatic engagement, Reuters reports. The move aims to maintain strong bilateral trade relations.
Tariffs on key imports are impacting Washington state’s economy, affecting industries from agriculture to manufacturing. Local businesses face rising costs, prompting concerns about long-term growth and job stability.
Proposed cuts to USAID risk slashing billions in aid that support U.S. farms and businesses abroad, jeopardizing economic ties and global market access, The Washington Post reports.