Sanford’s Seminole Towne Center redevelopment moves toward $700 million plan
A proposed $700 million redevelopment at Sanford’s Seminole Towne Center would replace the former Macy’s with a Costco larger than 156,000 square feet.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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Sidney continues preparations for Amazon Web Services data center on Millcreek Road
Sidney’s June 24 project FAQ identifies the AWS data-center site, a May grading permit, utility agreements and tax-related arrangements.
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U.S. Imposes Forced-Labor Tariffs on Goods From 60 Trading Partners
The Trump administration imposed 10% and 12.5% tariffs on goods from 60 trading partners, including the European Union and China, as a temporary global tariff expired.
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China Defends State-Led Industrial Policy Ahead of U.S. and EU Trade Talks
China is defending an economic model built around advanced manufacturing as expected trade talks with the United States and European Union approach, while weak domestic demand increases pressure for monetary support.
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USDA sets Aug. 12 release for crop-production and small-grains reports
The USDA’s National Agricultural Statistics Service has scheduled its 2026 Crop Production report and Small Grains Summary for Aug. 12.
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ECB Holds Rates Steady as Middle East Conflict Clouds Euro-Area Outlook
The European Central Bank kept its monetary-policy settings unchanged on July 23, 2026, as conflict-related energy risks and financial uncertainty complicated the euro-area outlook.
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UN Launches Global Consumer-Safety Principles After Geneva Meeting of More Than 80 Countries
The United Nations has officially launched global principles for consumer product safety, addressing unsafe online goods, concentrated markets, food-price pressures and risks linked to digital platforms.
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Sprout Social to Cut About 260 Jobs as It Restructures Around AI Investments
Sprout Social said its board approved a plan to eliminate about 20% of the workforce, with employee notifications beginning July 15 and completion targeted for late September.
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More U.S. Adults Are Living in Multigenerational Households as Families Balance Housing and Caregiving Needs
A Federal Reserve report finds that 2% of U.S. adults lived with both a parent and an adult child, while childcare access varied sharply by family income.
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July Jobs Report Shows Employers Cut 23,000 Jobs, Complicating Fed’s Inflation Fight
Employers cut 23,000 jobs in July, a weaker-than-expected result that eased expectations of near-term rate increases even as inflation remains above the Federal Reserve’s target.
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U.S. Employers Cut 23,000 Jobs in July, Raising Pressure on the Federal Reserve
U.S. employers unexpectedly shed 23,000 jobs in July, a sharp deterioration that weakened the labor-market outlook and increased expectations that the Federal Reserve could wait before raising interest rates further.
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FAO Food Price Index Fell 0.3% in June 2026 as Vegetable-Oil Prices Rose
The FAO Food Price Index edged lower in June, while vegetable-oil prices rose sharply from both the previous month and a year earlier.
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Amazon cuts jobs in artificial-general-intelligence group amid continued AI investment
Amazon cut jobs in its artificial-general-intelligence group, Reuters reported July 22, but the company has not disclosed how many employees were affected.
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Tallapoosa, Haralson County announce 1,000-acre industrial site after rezoning and annexation
Tallapoosa City Council approved rezoning for 1,000 acres on May 11, expanding the announced industrial-development area to 1,600 acres. No development partner has been contracted.
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Pennsylvania awards $2 million for Connellsville mixed-use medical and commercial facility
A $2 million state award will support a planned mixed-use facility along Route 119 North in Connellsville, including urgent care, medical offices, retail and office space.
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St. Cloud weighs $60 million downtown mixed-use project
St. Cloud officials discussed a proposed $60 million downtown project backed by a $6.25 million CRA contribution as debate grows over taxes and development.
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Master Wall Expands Manufacturing and Headquarters Operations in Columbus
Master Wall Inc. announced a new manufacturing facility and headquarters in Columbus, adding a locally identified industrial and business-development project.
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Thomson Reuters to Sell 51% of Global Print Business to KKR for About $500 Million
Thomson Reuters expects about $500 million in gross proceeds while retaining a 49% stake, intellectual-property rights and editorial control.
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U.S. and Uzbekistan Announce Early Trade Deal Step as Talks Accelerate
The United States and Uzbekistan announced an early harvest in reciprocal trade and investment discussions as USTR pursued additional negotiations in August 2026.
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IMF: UAE Economy Absorbed Middle East Conflict Shock, but Credit and Real Estate Are Cooling
The IMF said the UAE economy remained resilient during the Middle East conflict, while tighter liquidity, slower private-sector credit growth and moderating real-estate activity emerged as pressure points.
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FIFA Opens Consultation on Commercial Subsidiary to Manage World Cup and Tournament Rights
FIFA is consulting its 211 member associations and the FIFA Council on a proposed subsidiary that would consolidate commercial rights and event operations for all FIFA-owned competitions.
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Verizon Reports Record Second-Quarter Results, Raises 2026 Guidance and Buyback Target
Verizon reported 184,000 postpaid phone net additions in the second quarter, raised its full-year guidance for the second consecutive quarter and increased its share-buyback target to as much as $4.5 billion.