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Revenue is projected to decline by as much as 7% this year, so the manufacturer is paring back investments and pledged continued cost cuts.

GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations.

The Washington Center for Equitable Growth analysis notes potential for wage stagnation and even layoffs and plant closures.

U.S. buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such as wiring, according to producers and analysts.

Auto parts maker Continental Automotive is considering a $45 million expansion of its New Braunfels, Texas, manufacturing facility.

The added capacity builds on an earlier project launched in September 2024, when CSTH broke ground on a separate $28 million, 250,000-square-foot facility in Cynthiana, Ky.

Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations.  

Senate Republicans intend to propose revised tax and health care provisions to President Donald Trump’s $3 trillion signature economic package, shrugging off criticism by Elon Musk.

U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.

Prime Minister Mark Carney is pushing to offset the economic pain caused by U.S. President Donald Trump’s tariffs by compelling Canadian provinces to liberalize trade with one another.