June 9th, 2025
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Automotive Energy Supply Corp. (AESC), the Japanese automotive battery behemoth, has temporarily mothballed its $1.6 billion South Carolina gigafactory project, attributing the cessation to a confluence of deleterious "policy and market uncertainties," a euphemism, according to Governor Henry McMaster, for the Sword of Damocles hanging over federal EV tax incentives, prospective inducements for electromobility enterprises, and the protean tariff landscape engendered by the Trump administration; AESC, whilst reaffirming its commitment to the original hiring quota of 1,600 personnel and the designated $1.6 billion capital expenditure, having already sunk $1 billion into the Florence facility, faces headwinds as South Carolina simultaneously doubles down on electrification, evidenced by Volkswagen's Scout Motors' projected $2 billion investment in a greenfield electric SUV plant slated for a 2027 commencement, the overarching anxiety residing in the potentially cataclysmic repercussions of Trump's tariff-centric predilections on the state's established symbiotic relationships with transnational manufacturing stalwarts such as BMW, Michelin, and Samsung.
June 9th, 2025
**Resumption of US Student Loan Repayments Triggers Credit Score Erosion**
**Resumption of US Student Loan Repayments Triggers Credit Score Erosion**
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US Consumer Sentiment Falters: Retail Sales Dip Amid Tariff Concerns
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Asian Markets Tumble Amid Geopolitical Earthquake: Israel's Strike Ignites Oil Price Surge
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Warner Bros. Discovery Restructuring: Cable and Streaming Divisions Decoupled in Strategic Split
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