Business news 2025

[Rewind]

The lie: "Tariffs are not paid by American consumers." The truth: Tariffs are paid by American consumers. Caterpillar, the world's largest manuafacturer of tractors, construction equipment, mining equipment and engineering equipment, was formed in 1925 by the merger of Holt Manufacturing Company and C. L. Best Tractor Company. Shares of Caterpillar closed today at 434.91, a gain of 2.24 (0.52%).

Caterpillar lifts 2025 tariff hit estimate to as much as $1.8 billion

https://www.reuters.com/business/cat...on-2025-08-28/

[Rewind]

On July 2, 2015, Kraft Foods and H.J. Heinz merged, becoming the Kraft Heinz Company. Now they are un-merging. One of the new companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese, The other will include slower-selling brands such as Maxwell House, Oscar Meyer, Lunchables and Capri Sun. The names of the two companies have not been announced. Shares of Kraft Heinz closed today at 26.93, a gain of 0.91 (3.5%).

Kraft Heinz is splitting into two companies

https://www.cnn.com/2025/09/02/busin...-heinz-breakup

[Rewind]

Ned Homfeld founded Charter One Airlines in 1983 in Detroit. The company added jet aircraft to its fleet in 1992 and became Spirit Airlines. Spirit filed for Chapter 11 bankrupcy protection on November 18, 2024 and again on August 29, 2025. Shares of parent company Spirit Aviation Holdings closed today at 0.42, a drop of 0.09 (17.65%).

Spirit Airlines to end service in 12 cities amid bankruptcy struggles

https://www.cbsnews.com/news/spirit-...ited-frontier/

[Rewind]

A plurality of voters in 2024 believed the U.S. economy would thrive under Donald Trump – a convicted felon. It didn't, it hasn't, and it won't. Following the July 31 2025 weak jobs report by the Bureau of Labor Statistics, Trump claimed the "numbers were rigged in order to make the Republicans, and me, look bad." He fired the BLS Commissioner. Today's BLS report shows unemployment is at 4.3%, the highest since October 2021.

Trump has successfully tanked the American labor market
The President’s disastrous tariffs and mass deportation campaign are wrecking the economy.

https://www.msn.com/en-us/money/mark...et/ar-AA1LY3g0