BUSINESS

Nov 16 2024BUSINESS

Ideal Power Makes Waves with B-TRAN™ Tech and New Partnerships

Ideal Power Inc. , a company dedicated to revolutionizing power switches, has shared its Q3 2024 achievements. Their star product, the B-TRAN™ bidirectional semiconductor power switch, is catching the eye of big players in electric vehicles and renewable energy. The company has been busy collaborati

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Nov 16 2024BUSINESS

New Tariffs Could Hurt Trump-Won States

Imagine a world where President Donald Trump slaps massive tariffs on all Chinese goods. Some experts think it could spark an economic war. Two states that helped Trump win the 2024 election, Nevada and Florida, might feel the most pain. A study by the U. S. -China Business Council and Oxford Econom

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Nov 16 2024BUSINESS

Mexico City's Young Adults Face Housing Crisis

Saul Lara, a college student in Mexico City, starts his day early — very early. His commute to school takes over two hours, as he rides a motorcycle taxi and crams into the metro. The reason? He can't afford to live close to campus. Lara works part-time to make ends meet, but even with his meager in

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Nov 16 2024BUSINESS

Suburban Propane's Profits Dip Due to Mild Winter

Suburban Propane Partners, a company that supplies propane and other energy sources across the U. S. , recently shared its financial results for the fiscal year 2024. The news wasn't quite as warm as the weather that affected their earnings. Compared to the previous year, their net income dropped fr

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Nov 16 2024BUSINESS

Reliance and Disney Merge to Create India's Biggest Entertainment Group

India's richest man, Mukesh Ambani, has just made his mark on the entertainment industry. His company, Reliance Industries, has officially joined forces with Walt Disney to form a new powerhouse called JioStar. This massive $8. 5 billion deal brings together the best of both worlds: Viacom18's media

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Nov 16 2024BUSINESS

Alibaba's Revenue Rises as Profits Boosted by Investments

Alibaba, China's big name in e-commerce, entertainment, and tech, saw its revenues go up by 5% to about $33. 7 billion in the recent quarter. This was the result of a 63% jump in net profits to $6. 25 billion. But it's not all straightforward - some of this boost came from changes in the value of th

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Nov 15 2024BUSINESS

Auto Parts Retailer Set to Close Hundreds of Shops

Advance Auto Parts, a big name in the auto parts business, is locking up the doors of more than 700 stores. This decision follows a string of bad earnings reports. Both company-owned and independent stores will shut down across the US. No word yet on exactly where in St. Louis these closures will ha

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Nov 15 2024BUSINESS

GM's Cost-Cutting Plan: A Closer Look at Recent Layoffs

General Motors (GM) recently let go of around 1, 000 employees as part of its cost-cutting strategy. The job cuts are aimed at reducing operational expenses and rethinking the company's priorities. Some employees were let go due to subpar performance, while others were affected by an internal reorga

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Nov 15 2024BUSINESS

Disney's Streaming Success: A New Era in Entertainment

Did you know that Disney might be proving Warren Buffett wrong? Last year, Buffett wasn't too keen on the streaming business. He thought it wasn't very profitable. But Disney's recent earnings report might just change his mind. Disney has been working hard on its streaming services, like Disney+, H

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Nov 15 2024BUSINESS

Bankers Hope for Less Regulation Under Trump

After Donald Trump’s election victory, bankers like Jamie Dimon from JPMorgan Chase are thrilled. Dimon, speaking at the APEC CEO Summit in Peru, said bankers are “dancing in the street” because they expect President-elect Trump to ease regulations that have been tough on them. One big issue is the

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