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Masujiro Hashimoto founded Kwaishinsha Motor Car Works in 1911 in Tokyo. The DAT car, named for the last-name initials of investors Den, Aoyama and Takeuchi, was introduced in 1914. The company became Datsun in 1932 and Nissan in 1934. "Nissan" is short for Nihon Sangyō ("Japan industry" in Japanese), the name of the parent corporation
Nissan lays off 15% of its global work force amid slipping sales worldwide
https://www.cbsnews.com/news/nissan-...-sinking-2025/
A tariff is a tax or duty imposed by a government on goods imported from other countries. Deranged, demented, delusional King Donald the First claims Americans will not pay for his punitive tariffs. He's wrong. He also falsely claims that his tariffs will bring in so much revenue, he will be able to eliminate federal income tax. Shares of Walmart closed today at 96.35, a drop of 0.48 (0.50%).
Walmart says it will raise prices due to tariff costs
Tariffs on China and other countries are threatening the low-price model at the core of Walmart’s success.
https://www.huffpost.com/entry/walma...b02c37b4df8537
King Donald the First insists his punitive tariffs will not raise prices for American consumers. He is wrong. The Tax Foundation reports, "Rather than hurting foreign exporters, the economic evidence shows American firms and consumers are hardest hit by the Trump tariffs." Macy's is among the many retailers forced to raise prices because of those tariffs. Shares of Macy's Inc. – parent company of Macy's, Bloomingdale's and Bluemercury – closed today at 11.47, a gain of 0.14 (1.24%).
Macy's raises prices as tariffs take a toll on sales and profits
https://styleonmain.net/macys-raises...s-and-profits/
William Procter and James Gamble founded the Procter & Gamble Company in 1837 in Cincinnati. Shares of Procter & Gamble closed today at 162.80, a drop of 3.15 (1.9%).
'Making America unemployed again': Trump draws scathing rebuke as P&G announces 7,000 layoffs
https://www.alternet.org/pg-layoffs-trump-tariffs/
Dennis "Chip" Wilson founded athletic apparel retailer Lululemon in 1998 in Vancouver, British Columbia. Shares of Lululemon closed today at 265.27, a drop of 65.51 (19.8%). It was Lululemon's largest single-day percentage decline since March 16, 2020, when all its stores closed to help prevent the spread of COVID-19. They began re-opening two months later..
Lululemon stock plunges in historic rout as tariffs eat away at its profit
https://www.msn.com/en-us/money/comp...it/ar-AA1GdhSZ
The World Bank, headquartered in Washington DC, provides loans and grants to governments of low- and middle-income countries to assist with economic development. Today's World Bank report shows declining GDP (gross domestic product) worldwide but a recession is not predicted. Not yet anyway.
Donald Trump tariffs cited by World Bank in cutting global growth forecast
https://www.newsweek.com/donald-trum...d-bank-2083482
Jerome Monroe Smucker founded the J.M. Smucker Co. in 1897 in Orrville, Ohio. The company initially sold apple butter, jams and jellies and now owns Folgers, Hostess, Dolly Madison, Jif, Meow Mix and Milk-Bone. Shares of Smucker closed today at 94.41, a drop of 17.44 (15.59%).
J.M. Smucker Co. falls the most since 1988 as tariffs hit profit
https://www.msn.com/en-us/money/comp...it/ar-AA1GrozY
Eric White opened the first Garden Ridge Pottery & World Imports in 1979 in Schertz, Texas. In 2014, there were 71 Garden Ridge stores – and they were renamed At Home. There are now 260 At Home stores in 40 states – and the company has two billion dollars of debt.
At Home files Chapter 11 bankruptcy, will close 26 stores
https://www.usatoday.com/story/money...s/84228344007/
Kroger, parent company of Ralphs, Fred Meyer, Fry's, Smith's, Roundy's, Dillons, QFC, King Soopers, Harris Teeter and Food 4 Less, will begin closing "underperforming" stores. Shares of Kroger closed today at 71.97, a gain of 6.45 (9.84%)
Kroger to close around 60 stores nationwide over next 18 months
https://www.usatoday.com/story/money...e/84291380007/
A September 2024 Gallup poll showed that our nation's economy was the most important issue to registered.voters. In deciding which Presidential candidate to vote for, 52% said the candidates' positions on the economy are "extremely important" and another 38% said "very important." By a 54% to 45% margin, voters thought Donald Trump would do a better job than Kamala Harris at handling the economy. What are those Trump voters saying now? <crickets>
Business optimism collapses under Trump
Newsweek, Jun 25 2025 11:18 AM EDT
Business leaders' confidence in the U.S. economy has halved since the beginning of the year, according to JPMorgan Chase & Co., as companies grapple with the impact of President Donald Trump's tariffs and broader geopolitical uncertainties. The financial services firm's latest Business Leaders Outlook Survey, released today, found that optimism for the economy fell to 32% percent in June from 65% in January. Additionally, 25% of respondents said they expect a recession to occur at some point this year, up from only 8% in January.
https://www.newsweek.com/business-op...-trump-2090059