Business

LOUISVILLE, Ky. (AP) — GE Appliances plans to shift production of refrigerators, gas ranges, and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in Kentucky, Georgia, Alabama, Tennessee, and South Carolina.

Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the Federal Aviation Administration approved commercial home deliveries with drones, the service has mostly been confined to a few suburbs and rural areas.

WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a showdown between the world’s two biggest economies.

A disruption to a system housing United Airlines' flight information that caused more than 1,000 delays has been resolved, but delays continued into Thursday.

NEW YORK (AP) — Boeing workers who build fighter jets went on strike Monday at midnight Central Daylight Time.

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding, and other Southern dishes.

WASHINGTON (AP) — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday.

ATLANTA – The Georgia Ports Authority moved 5.7 million twenty-foot equivalent units (TEUs) during the last fiscal year, an 8.6% increase over fiscal 2024, the agency reported Tuesday. The Port of Savannah accounted for most of that growth, posting its second busiest year on record.

OMAHA, Neb. (AP) — Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country.

Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump.

OMAHA, Neb. (AP) — Union Pacific and Norfolk Southern are in merger talks to create the largest railroad in North America that would connect the East and West Coasts.

ATLANTA - A food company founded in Hawaii but now based in California will grow its Georgia presence with a $54 million plant expansion in Hall County, Gov. Brian Kemp announced Thursday.

BANGKOK (AP) — Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China.

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement chain into building and materials supply.

OxyContin maker Purdue Pharma’s latest plan to settle thousands of lawsuits over the toll of opioids could soon move forward after every U.S. state involved agreed to it. A judge on Wednesday is being asked to clear the way for local governments and individual victims to vote on it next.

Trump announces new China trade deal

WASHINGTON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will rise to 55%.

WASHINGTON (AP) — U.S. inflation remained mostly tame last month, though still above the Federal Reserve’s 2% target.

China's exports to the United States fell 35% in May from a year earlier, new customs data show, adding to pressure on the world's second-largest economy as a new round of trade talks with Washington was due to start later Monday in London.

WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines. The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020.

Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries and that the company doesn't expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.

For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation's largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construction permit application to the U.S. Nuclear Regulatory Commission for a small, modular nuclear reactor.

U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.

China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains.

WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump announced stiff tariffs on imports.

WASHINGTON  (AP) — American employers added 177,000 jobs in April. Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations for a modest 135,000. The unemployment rate remained at a low 4.2%, the Labor Department reported Friday.

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