Weidmann Plans $155 Million Expansion in Middletown
Weidmann Electrical Technology says it will invest $155 million in a new Middletown facility, but key details such as jobs and timing remain unknown.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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European Commission launches Digital Product Passport portal as EU product rules advance
A new European Commission portal explains how product information will be disclosed across the life cycle, beginning with selected battery categories and expanding by sector.
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OPEC+ Approves 188,000-Barrel-Per-Day September Increase as Seven Producers Roll Back Voluntary Cuts
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman approved an additional September production adjustment after reviewing global oil-market conditions.
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JBS plans U.S. domestic-company SEC reporting ahead of Aug. 10 earnings release
JBS N.V. says it will voluntarily shift to U.S. domestic-company reporting, starting with its Form 10-Q for the quarter ended June 30, 2026.
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CBP Posts Import Document Tied to 2026 Semiconductor and Trade Measures
U.S. Customs and Border Protection has posted a Federal Register document addressing imports of wood products and semiconductor-related trade measures, while invoking an exception that allows action without notice and comment.
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U.S. Retail and Food-Service Sales Rose 6.7% in June, Census Says
Advance Census Bureau data put June retail and food-service sales at $768.6 billion, with year-over-year growth but only a modest monthly increase within the margin of error.
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July unemployment held near 4.1% as participation remained at 61.4%
The Bureau of Labor Statistics published its July 2026 Employment Situation on August 7, releasing updated federal measures on employment, unemployment and labor-force conditions.
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Treasury and IRS prepare regulations for $1 million compensation tax at nonprofits
Treasury and the IRS say they intend to propose regulations for a new excise tax involving compensation above $1 million and excess parachute payments at tax-exempt organizations.
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July payrolls fell 23,000 as May and June gains were cut by 103,000
A federal employment report released Aug. 7 shows a weaker U.S. labor market than earlier data suggested, with payroll employment falling by 23,000 in July and prior job gains revised lower.
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U.S. Restaurants Lost 32,900 Jobs in June as Industry Outlook Cools
Eating and drinking places recorded a preliminary, seasonally adjusted loss of 32,900 jobs in June, while the National Restaurant Association lowered its 2026 sales-growth forecast.
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Paramount-Warner deal clears UK review as U.S. antitrust lawsuit continues
The United Kingdom said it would not intervene in Paramount’s proposed acquisition of Warner Bros. Discovery, but a coalition of U.S. states is still seeking to block the nearly $111 billion transaction.
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Vestavia Hills approves incentive package for Walmart grocery store at former Winn-Dixie site
The Vestavia Hills City Council approved an economic-development agreement supporting a planned Walmart Neighborhood Market at 3925 Crosshaven Drive in Cahaba Heights.
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WorkSource Wenatchee Valley to leave East Wenatchee site as services move to Wenatchee
WorkSource Wenatchee Valley is scheduled to close its East Wenatchee location at 5 p.m. June 30, 2026, with interim services planned through the Chelan-Douglas Community Action Council before a move to Wenatchee in August.
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Homer City energy-campus project reports early completion of demolition and excavation
Homer City Generation says demolition and mass excavation at the former power station site finished ahead of schedule as plans advance for a natural-gas power and AI data-center campus.
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Hawesville data center secures 20-year Anthropic lease at former Century Aluminum site
Anthropic signed a 20-year lease with TeraWulf for a planned 482-megawatt data center in Hawesville, with operations targeted for fall 2027.
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Kentucky AI data-center lease is not a Kingston, Tennessee development
A 20-year lease announced for a former aluminum site in Hawesville, Kentucky, does not establish a development or effect in Kingston, Tennessee.
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Moultrie business park wins $2.975 million federal infrastructure grant
The Moultrie-Colquitt County Development Authority will use the U.S. Economic Development Administration grant for roads, utilities, drainage and other improvements at Citizens Business Park.
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Port Arthur youth employment program set to end with Aug. 7 banquet
Port Arthur’s 2026 Youth Employment Program is scheduled to conclude Aug. 7 after students complete summer work, training and career preparation.
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Virginia Beach appoints Emily Archer as economic-development director
City Manager Patrick Duhaney appointed Emily Archer to lead Virginia Beach’s economic-development department as planning continues for major growth areas.
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USPTO to Make Madrid e-Filing Sole Route for New International Trademark Applications
The USPTO will move U.S.-based applicants from its TEAS platform to WIPO’s Madrid e-Filing system for new international trademark applications beginning October 1, 2026.
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USDA opens $500 million fertilizer program to expand domestic supply
The USDA is accepting applications for the FIELDS program, a nationwide initiative intended to expand domestic fertilizer production, promote competition and strengthen agricultural supply chains.
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CFPB auto-loan dashboard shows 2.2 million December originations and fewer inquiries
The Consumer Financial Protection Bureau updated its Consumer Credit Trends dashboards on July 22, 2026, adding newer national data on borrowing and repayment patterns from a representative sample of credit records.