A new, massive battery recycling plant is being built in Germany by Cylib, a startup backed by Porsche and Bosch. This facility, costing over 180 million euros ($200 million), is expected to be the biggest of its kind in Europe, capable of recycling 30,000 metric tons of end-of-life batteries each y
Boston's beloved restaurants are struggling. This summer, typically a slower period anyway, was especially tough. Diners are spending less, coming out less often, and industry experts are asking: is this just a summer blip, or a sign of deeper trouble? We hear from restaurant owners about rising c
Downtown Joliet is facing a parking headache thanks to ongoing construction. Businesses like CUT 158 Chophouse are feeling the pinch, reporting a 60% drop in customers. In a bid to entice diners back, the owner, Bill Dimitroulas, is offering free valet parking not just for his restaurants but for
In a surprising twist, over 90 business leaders have thrown their support behind Kamala Harris for President. In a joint letter released Friday, the corporate heavyweights endorsed Harris as 'the best way to support the continued strength, security and reliability of our democracy and economy.' They
China's economy is facing a crisis unlike any it has seen since opening up more than four decades ago. Over a million restaurants have closed, offices are emptier than during the pandemic, and property sales are down sharply. Duty-free sales in Hainan Island plunged 30% in the first seven months of
Despite predictions of continued sluggishness, Chris Retzler, manager of the Needham Small Cap Growth Fund, is betting on certain stocks to weather an economic slowdown. He believes even if the Federal Reserve cuts interest rates, the effects won't be felt immediately and that the economy needs to s
LSU researchers are getting a hefty $160 million grant from the National Science Foundation, with Louisiana chipping in another $67.5 million, for a total investment of over $220 million. The goal? To transform Louisiana into an 'energy powerhouse.' Why is the government throwing so much money at
August's jobs report painted a mixed picture of the US economy, with some sectors booming while others struggled. Leisure and hospitality and healthcare and social assistance led the way, adding over 40,000 jobs each. But what does this tell us about the overall health of the economy? If these sec
As China grapples with slower economic growth, its affluent residents are rewriting their investment playbook. Instead of simply chasing returns, they're increasingly looking to move capital abroad and tap into business opportunities overseas. This shift is a 'very significant' trend, according to
In a recent analysis, the Penn Wharton Budget Model delved into the financial implications of several economic proposals put forth by former President Donald Trump. The slate of proposals, which includes extending key provisions in the 2017 tax reform bill, eliminating taxes on Social Security bene
