The U.S. Economy Is Headed Toward an Uncomfortable Summer
Companies say they are freezing hiring and investment to deal with shifting tariff policies, which is compounding an uneasy equilibrium in the labor market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Gemini Daily Horoscope Yahoo Life Astrology: June 08, 2025
You and business partners )or good friends if you work alone or aren't in charge) are getting along famously. Make the most of this energy by cementing deeper relationships with them. Improve your dating life and find 'the one' faster with your Weekly Finding Love Tarot Reading.
Yahoo
an hour ago
- Yahoo
Belen city council votes yes to new permit for solar panel farm
BELEN, N.M. (KRQE) – It's considered the hub city for renewable energy in the southwest. Belen city councilors voted to continue that momentum, allowing a major energy company to construct another solar farm on 395 acres. There are thousands of undeveloped acres of land that Belen city councilors want to see filled up. 'For a long time, Belen has looked to try to find ways to grow, we always fall just a little bit short,' said Mayor Robert Noblin during a city council meeting Monday. A proposed project for a major solar farm located west of I-25 between Los Lunas and Belen. It was presented before Belen's city council for a special use permit with promises of 250 construction jobs for locals and economic growth. 'We had an economic impact study done, and for GDP, roughly $16.9 million would come to the city of Belen,' said Ashley Sgaliardich, Project Director, NextEra Energy Resources. Belen man accused of trying to rob Albuquerque McDonald's with lighter This latest development, called 'The Starlight Energy Center,' will be neighboring an already existing solar panel farm managed by the company NextEra Energy Resources. City councilors agreed during Monday's meeting that the land needs to be used. 'It's been a long time [and] nothing's come. I understand several years ago, we had a development that was going to go out there, and it just went away,' said City Councilor Steven Holdman. While the meeting was open to the public, no one came up for comment, but one resident KRQE spoke to on Saturday said the existing panels are an eyesore. 'It is because if you look at it before the solar panels, Los Lunas hill was just farmland, you know it was a hill now, walk there, all you just see is solar panels and just metal stuff and like that,' said Rayven Garcia. The company said their next steps are to apply for an industrial revenue bond, which helps finance the project. Construction is expected to start this December and be completed by December 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
Tesla shareholders face staggering new hurdle after company enacts controversial policy: 'A formidable barrier'
Tesla raised the bar for shareholders to sue the company board or executives for breach of fiduciary duties. The change took effect May 15 and requires an investor or group of investors to hold 3% of the electric vehicle maker's stock "to institute or maintain a derivative proceeding," CNBC reported. Tesla's market cap is $1.123 trillion, so a plaintiff would have to own shares worth $33.7 billion. "Obviously, for a company of Tesla's size, that would be a formidable barrier to anyone bringing a lawsuit for breach of fiduciary duty," Tulane Law School's Ann Lipton told CNBC in an email. The change was enabled by a Texas law that "allows corporations to limit shareholder lawsuits against insiders for breach of fiduciary duty," the outlet added. With shareholder approval, Tesla moved its incorporation site from Delaware to the Lone Star State in June 2024. An investor who owned nine shares of Tesla stock sued the company in 2018, and CEO Elon Musk's $56 billion compensation package was revoked in January 2024. Musk is by far the richest person on the planet, and his wealth makes him nearly untouchable. He helped to pioneer the EV movement by becoming an early investor in Tesla in 2003, and the company has been known for innovative technology and industry-leading breakthroughs. Recently, however, the South African has drawn criticism for straying into American and European politics, including spending lavishly on the U.S. presidential election campaign of Donald Trump, leading government spending cuts as the head of the U.S. Department of Government Efficiency, and supporting the far-right Alternative for Germany party. Activists have protested these actions, and Tesla charging stations, vehicles, and dealerships have been vandalized. Sales have plummeted, and Tesla stock spiraled downward, too, though it has regained much of its value. This upheaval and the larger perception change of Musk from groundbreaker to villain could stifle the uptake of EVs, which is one of the many things necessary to slow the rapid rise of global temperatures caused by the burning of fossil fuels for energy. It would take a massive coalition of shareholders to fight back against this move by Tesla, though companies are generally amenable to public pressure — especially when it comes to consumers' spending power. Tesla, for example, is shifting its focus from EV manufacturing to a robotaxi service and robotics to stabilize its future. Musk has a history of not delivering on outlandish promises, but it has not significantly slowed the company or deterred its supporters. What do you think of Tesla and Elon Musk? Elon is the man Love the company; hate the CEO I'm not a fan of either I don't have an opinion Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
