Lucid Inks US Graphite Deal in Bid for Domestic Battery Material
Automaker Lucid Group Inc. signed a third agreement for US-processed graphite, extending its bid for domestic supplies of an essential component in its electric vehicle batteries.
The agreement with Vancouver-based Graphite One Inc. helps further integrate a domestic supply chain for components in Lucid's lineup, including an electric sedan and an SUV, potentially blunting the effects of new and threatened tariffs.
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Associated Press
7 minutes ago
- Associated Press
Steelcase Chairs' Gesture Model Honored for Ergonomics at Madison Seating
Madison Seating offers the Steelcase Gesture chair, named 2025's Best Office Chair for its ergonomic design supporting modern work postures. 'The Steelcase Gesture chair supports diverse work postures with its ergonomic design, and we're pleased to offer it at Madison Seating to enhance workplace comfort.'— CEO NY, UNITED STATES, June 6, 2025 / / -- Madison Seating, a leading online retailer of office furniture, announces the availability of the Steelcase Gesture chair, which has been recently named the Best Office Chair of 2025 by Expert Consumers. This ergonomic masterpiece, designed to support modern work postures, is now accessible to customers seeking comfort and productivity through Madison Seating's platform. Discover the ergonomic excellence of the Steelcase Gesture chair. Visit to explore their full range of Steelcase chairs and find the perfect fit for your workspace. The Steelcase Gesture chair has earned acclaim for its innovative ergonomic design, addressing the evolving needs of today's workforce. Unlike traditional office chairs, the Gesture was developed through Steelcase's Global Posture Study, which identified nine new postures driven by technology use, such as smartphone swiping and tablet browsing. Its 3D LiveBack technology mimics the spine's natural movement, providing dynamic support across various sitting positions. The chair's 360° adjustable arms accommodate tasks from typing to texting, while its flexible seat edge reduces pressure points, enhancing circulation during long work hours. In April 2025, Expert Consumers awarded the Steelcase Gesture the title of Best Office Chair, praising its adaptability and comfort for diverse body types. This recognition underscores its relevance in a hybrid work era, where employees spend time split between home and office settings. According to a 2024 study by the Occupational Health and Safety Association, ergonomic seating can reduce workplace discomfort by up to 60%, boosting productivity and well-being. The Gesture's intuitive adjustments, including lumbar support and seat depth, make it a standout solution for addressing these concerns. Madison Seating's inclusion of the Gesture chair aligns with their mission to provide high-quality, ergonomic furniture at competitive prices. Operating for over 18 years, the Brooklyn-based retailer has built a reputation for offering both new and refurbished office chairs from top brands. Their platform features a wide selection of Steelcase chairs, including the Gesture, Leap V2, and Amia, catering to various budgets and preferences. Customers benefit from free shipping and a 30-day return policy, although return shipping costs may be applicable. Madison Seating's responsive customer service, primarily via email, ensures prompt resolution of inquiries, as noted in customer reviews on Trustpilot. The Gesture chair's design also reflects Steelcase's commitment to sustainability, incorporating recyclable materials and eco-friendly fabrics. This aligns with 2025 office furniture trends that emphasize environmental responsibility, as highlighted in a recent report by the AND Academy. Its high-back design and customizable options, such as fabric or leather upholstery, make it suitable for executive offices, home workspaces, or collaborative settings. Madison Seating's inventory features various configurations of the Gesture, allowing customers to find a model that suits their aesthetic and functional needs. The ergonomic benefits of the Gesture chair are particularly timely as businesses prioritize employee health. Poor posture from inadequate seating contributes to back pain and neck strain, affecting 80% of office workers, according to the Global Posture Study. The Gesture's ability to support multiple postures—whether reclining, leaning forward, or shifting positions—helps mitigate these issues. Its sleek, modern design also complements contemporary office aesthetics, making it a versatile choice for professionals. The Gesture chair's availability through Madison Seating's platform provides an accessible option for businesses and individuals upgrading their workspaces. While Madison Seating is listed as a gray market seller by Steelcase, their products are genuine and offer significant savings compared to authorized dealers. This affordability, combined with the Gesture's award-winning design, positions Madison Seating as a key destination for ergonomic furniture. About Madison Seating Madison Seating, based in Brooklyn, New York, is a leading online retailer of high-quality office furniture, specializing in ergonomic solutions from renowned brands such as Steelcase and Herman Miller. With over 18 years of experience, Madison Seating offers competitive prices, free shipping, and responsive customer service to enhance workplace comfort and productivity. Levi Cohen Madison Seating +1 888 704 3435 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Washington Post
8 minutes ago
- Washington Post
ABM Industries: Fiscal Q2 Earnings Snapshot
NEW YORK — NEW YORK — ABM Industries Inc. (ABM) on Friday reported fiscal second-quarter profit of $42.2 million. On a per-share basis, the New York-based company said it had net income of 67 cents. Earnings, adjusted for one-time gains and costs, were 86 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
CNN
18 minutes ago
- CNN
Trump's attacks on international student enrollment could ultimately shake the economy
The Trump administration's statements and actions aimed at curtailing the number of international students in the US have sent a chill of uncertainty through higher education institutions. These American schools have become more reliant on the higher tuition paid by international students as state and federal support has waned. Now, their financial viability could be shaken. That could have a negative impact on US-born students seeking a college education, and economists and researchers warn that the ripple effects could extend well beyond the lawns of college campuses: A drop-off in international students could reverberate through the US labor market and broader economy in years to come. 'The skill premium, as we call it, is very large, which is why highly educated workers earn so much more,' said Michael Lovenheim, a labor economist and professor at Cornell University's School of Industrial and Labor Relations. International students, he added, 'generate not only returns to themselves through higher wages, but they work in sectors that generate economic growth, they start businesses, they work in high-growth areas that generate more productivity and increase [Gross Domestic Product].' And that economic impact, he said, is 'positive and large.' During the 2023-24 academic year, 1.1 million international students were credited with supporting 378,175 jobs, half of which were at colleges and universities and the rest being in other sectors such as housing, food service, retail, transportation and insurance, according to NAFSA: Association of International Educators. All told, that amounted to a record-high economic contribution of $43.8 billion, according to the member-based organization. Reducing enrollment or hurting international students' desire to study in America, he added, will 'lessen our economic competitiveness in the medium run and maybe the long run as well, depending on how things play out.' The Trump administration's efforts to limit international students have already affected the Global Migration Center, an interdisciplinary research center at the University of California, Davis, said center director Giovanni Peri, an economist and UC-Davis professor who has researched the economic impacts of international migration. 'The new cohort of students that are coming (from other countries), we've already lost a few of them because of the uncertainty of the funding and the visa that we're providing,' Peri told CNN in an interview. 'A couple of people who were from Europe decided to go to England.' And the international students currently conducting research at the center are experiencing hardships as well, he added. 'They are really struggling with their funding; they are not traveling internationally. A couple of my students could not go to international conferences in the last couple of months because they were worried they would not have been able to come back' because of worries they'd get stopped at the border, Peri said. The research itself, he added, has become harder with reduced funding. 'It took a long time for the US to establish itself as, by far, the strongest university environment in the world,' he said. 'But things change, and things can change in a more permanent way.' If international students elect to instead study in Canada, Europe, Australia or other regions, that loss will ultimately damage the US economy, he said. 'The rate at which foreign students create firms in the United States after graduation is about four times as large as the rate at which Americans create,' Peri said, citing his research on the topic. 'So, there will be fewer companies created. There will be fewer scientists and engineers to fill other companies in the US; there will be less growth of companies, jobs, and lower income in many local economies.' The potential business generation effect already is hampered by immigration restrictions or challenges, Peri noted. In an earlier study, he and his colleagues found that because of immigration and visa restrictions, only 20% of international US Master's graduates remained in the US and worked for at least two years. There have been legislative proposals to give a green card to students who earn a degree in the US (a policy that Trump publicly supported), Peri said, adding that 'not only this has not happened, but we have made several steps in the opposite direction.' 'This is now a completely different world, but this idea of students who study in the US should be able, if the company makes an offer, to have a visa had such a consensus that was so broad and so bipartisan,' he said. 'Because everybody saw that the US helped these students and this human capital to be created and that some of the benefits could stay in the US if there is an option.' If the Trump administration's policies and approach toward international students don't change significantly, these negative consequences could be felt in the broader US economy in two to three years, he added. Not excusing the 'brutality' of the Trump administration's approach, recent events could drive a meaningful debate around the internationalization of the American student body, David Bell, a history professor at Princeton, wrote Tuesday in a New York Times opinion piece. Bell noted that 1.1 million international students enrolled in the 2023-2024 school year — four times the enrollment 45 years ago. 'Like many large social changes, this one happened without much conscious planning or debate,' he wrote. 'Foreign students kept applying in ever greater numbers, and universities happily admitted them, since non-Americans receive merit- and need-based financial assistance at much lower rates than Americans do. It has taken Donald Trump's crude and vengeful swipe at Harvard to draw much attention to the subject.' In a follow-up interview with CNN, Bell noted the potential trade-offs with expanding international enrollment: On one hand, universities can serve as engines for future economic growth and further global relationships; on the other hand, universities potentially could fall short when serving homegrown applicants. 'The past couple of decades, the trend has been very, very strongly toward a steady increase in the number of international students, and I think it may be worth asking whether we should be continuing with that increase, or should we keep (enrollment) at the current level or even decrease the level of international students slightly,' Bell said. 'Not doing anything precipitous, not doing anything brutal as the administration seems to be attempting to do, but simply keeping an eye on the situation and recognizing the trade-offs.'
