Two potential picks to replace Fed Chair Powell stand out: El-Erian

Allianz chief economic advisor Mohamed El-Erian said Wednesday that he sees two of the contenders to replace Federal Reserve Chair Jerome Powell rise above the rest of the pack. El-Erian appeared on FOX Business Network’s “The Claman Countdown” on Wednesday and said that BlackRock CIO of global fixed income Rick Rieder and…

Real estate market frozen as buyers await Jerome Powell rate cuts

If you’ve flipped through the real-estate pages lately – or just tried to pull up Redfin or Zillow – something’s glaringly obvious. Nobody’s moving and nobody’s buying homes right now.   Recently, I took a glance on Zillow at one of the hottest markets in Florida, which is Route 30A in the panhandle. Where it was once almost impossible to see a red dot of something…

Fed’s July minutes show tariff inflation concerns kept rates unchanged

The minutes of the Federal Reserve’s July meeting released on Wednesday showed that policymakers were more concerned about the risk of inflation from the impact of tariffs than the labor market as they debated interest rate policy. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions,…

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Trump trade advisor warns India to stop buying Russian oil

A key Trump administration trade advisor warned in an op-ed on Monday that India needs to stop buying oil from Russia, arguing the purchases are helping finance Russia’s war against Ukraine. White House trade advisor Peter Navarro wrote in the Financial Times on Monday that India is…

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Crime-ridden New York City in 1975 inspires gin brand’s bottle design, branding

A Long Island-based liquor brand drew inspiration from a 1975 crime-ridden New York City to introduce consumers to a dark and gritty yet refined product that was unique among spirits. In a propaganda campaign, plainclothes New York law enforcement officers approached tourists with pamphlets titled “Welcome to Fear City: A…

China imposes restrictions, warns foreign buyers against rare earth stockpiling

China appears to be building up a new “leverage point” against foreign nations as it cracks down on rare earths hoarding. Foreign companies purchasing rare earths from China are reportedly being warned against stockpiling them, according to the Financial Times, which cited two people familiar with the matter. China is…

More craft beer breweries are shutting down than opening up

For the first time, more craft beer breweries are shutting down than opening up. Breweries and taprooms are dealing with rising supply costs while demand for beer is slipping, according to the Brewers Association.Bart Watson is the president and chief executive officer of the Brewers Association. Watson said things got…

Cuban restaurant owner plans expansion thanks to Trump tax legislation

As a restaurant owner, I enjoy sharing the rich flavors of my Cuban heritage with customers every day. Whether that’s making the world’s largest croqueta or serving the “hippest sip” of coffee in Miami, my small business is working overtime to compete in the quick-paced hospitality industry that is characterized by long hours and tight budget margins.But thanks to the recent passage of the One Big Beautiful Bill…

Majority of small businesses using artificial intelligence

Many small companies have started to find new and creative ways to save time and money using artificial intelligence.  A survey from 2024 found 69% of small businesses are using AI, up from 56% in 2023, according to Goldman Sachs 10,000 Small Businesses. The Goldman Sachs program helps “small business…

Flags of Valor employs military veterans to create patriotic products

For Flags of Valor — a veteran-owned and operated business that has shipped more than 96,000 flags to doorsteps nationwide — the phrase “made in America” lies at the foundation of everything it stands for. “For over 10 years, we’ve been saying the same thing — we build American products,…

Big Guns Coffee uses hydroponic farming to make American-grown products

When 6-year-old Charli Johnson suggested starting a coffee business to her dad, T. Shane Johnson, he thought it would be a valuable teaching opportunity and a “great way” for them to spend time together. “It was just one of those kind of ‘aha moments’ as a dad,” T. Shane Johnson,…

Florida-based PlantOGram sells variety of fruiting trees

Prior to launching PlantOGram – an American-made fruit tree gifting company – nearly two decades ago, gardening was solely a backyard hobby for husband-and-wife duo Mickey and Vicky Popat. The newlyweds at the time had purchased their first home, and developed a passion for growing fruit trees in their garden,…