Economy

Under Trump, Huntsville might finally gain Space Command. It could also lose much more

The 1,600 jobs Space Command would bring to the Rocket City might not make up for potential cuts to NASA and the Department of Defense.

Consumer confidence falls the most since 2021 over fears about inflation and tariffs

A report from the Conference Board shows Americans are increasingly worried about inflation, driven in part by President Trump's threats to impose new tariffs on imports.

From tariffs to spending, rounding up the Trump administration’s econ-related actions

Since taking office in late January, the Trump administration has been working at a galloping pace to reshape the government and economy. We have been doing our best to keep up and keep you informed.

IRS cuts over 6,000 jobs in the middle of tax season

The IRS is cutting more than 6,000 jobs this week, as part of the Trump administration's downsizing of the overall federal workforce. The job cuts at the IRS come in the middle of the tax-filing season.

Deep cuts to NIH funding would cause economic harm across Trump-friendly Alabama

Birmingham has become one of the country’s leading hubs for biomedical research. Banners downtown brag about the University of Alabama at Birmingham’s status in the top 1% of institutions for NIH funding, bringing in hundreds of millions of dollars into the region.

Trump threatens reciprocal tariffs against other countries

President Trump is threatening to levy taxes on imports to match those other countries charge on U.S. exports.

Retailers including Trader Joe’s and Kroger have begun limiting egg purchases

Egg farmers have been plagued by widespread outbreaks of bird flu. Experts say it's hard to predict when the industry will bounce back from the illness' effects.

No relief: Inflation unexpectedly heated up last month

Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest price hike in almost a decade.

Federal Reserve’s Jerome Powell says there’s no need to rush on interest rate cuts

Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

Tourism in New Orleans remains strong despite terrorist attack. Will the trend last?

The Super Bowl is in town, and so far, fears that visitors would avoid the big game because of January’s attack on Bourbon Street have not rang true.

Why economists got free trade with China so wrong

The "China Shock" is revisited, and it raises questions about why economists failed to see the costs of free trade.

Trump says he will impose a 25% tariff on aluminum and steel imports

Additionally, he plans to announce reciprocal tariffs on "everyone" on Tuesday or Wednesday: "If they charge us, we charge them. That's all," he said. "Every country will be reciprocal."

Chinese counter-tariffs to kick in as Trump threatens more to come

The tariffs from China range from 10% to 15% and are applied to crude oil, liquefied natural gas, farm machinery and select other products from the U.S.

Employers added fewer jobs in January — but the labor market overall remains healthy

U.S. employers added 143,000 jobs in January — a modest slowdown from the two previous months. The unemployment rate dipped to 4%.

One-day strikes are in: Why unions are keeping it short on the picket line

Strikes can be a double-edged sword. Keeping them short can help workers gain leverage while minimizing the pain for those who don’t have it.

Here are 3 questions to ask before panic buying during a supply chain breakdown

The dock worker strike in October led to some shoppers panic buying the wrong items. Here are tips for how to prep the right way, according to experts.

It’s Peanut Butter Jelly Time in McCalla: Smuckers opens biggest Uncrustables factory in the country

The facility represents a more than $1 billion capital investment from Smuckers and is predicted to bring in 750 jobs to the community.

Amazon workers in Alabama will have third labor union vote after judge finds illegal influence

Administrative law judge Michael Silverstein on Tuesday ordered the third vote for Amazon warehouse workers in Bessemer, Alabama after determining that Amazon committed six violations leading up to the second election in March 2022.

‘Five Points South is so much more than that’: residents reflect one month after mass shooting

How is the neighborhood holding up in the weeks since a mass shooting left four people dead and 17 wounded.

1 reason people don’t evacuate for hurricanes? Rising costs, and they’re getting pricier

One researcher estimates evacuations can cost residents more than five times the amount they did 20 years ago.

Lilly Ledbetter, an icon of the fight for equal pay, has died at 86

Ledbetter had worked a Goodyear Tire & Rubber plant in Gadsden, Alabama, for 19 years when she received an anonymous note saying she was being paid significantly less than three male colleagues.

Alabama’s construction industry is in dire need of workers. Here’s how companies are responding

Nationally and in Alabama, a construction-workforce shortage has stretched for decades. Now, as increased demand after the pandemic shows no signs of slowing and as billions of dollars in federal funding for infrastructure and manufacturing projects flows to states, the problem is growing.

How Alabama food banks are keeping rural communities fed

As the November election approaches, food insecurity is one issue that’s top of mind for residents in Alabama’s newly redrawn District 2.

‘A dream come true’: Alabama ‘grandfamilies’ are set to receive opioid settlement funds

The new state program— the first of its kind in the U.S. — will give $280,000 from opioid settlement funding to grandparents raising their grandchildren.

A plan to fix Jackson’s water system could cost all of Mississippi its food stamps

The DOJ and USDA said using a SNAP recipient’s information to distribute JXN Water’s roughly $30 discount to low-income customers would violate privacy.

Q&A: A New Orleans Dollar General employee discusses $12M settlement, store closures, more

Dollar General stocker and advocate David Williams hopes the complaint and settlement will lead to positive changes for employees.

Nissan workers in Mississippi consider another union campaign: VW ‘proved it can be done’

Pro-union workers at the Canton, Mississippi, plant say Volkswagen proved the UAW can win in the South, but other factors are in play — like the 2024 election.

What’s unique about this Gadsden restaurant? It’s more than the food

Beautiful Rainbow Café is unusual. Students with significant cognitive disabilities staff the café, and it’s one of few vegetarian-only restaurants in Alabama.

The UAW’s union dreams seemed unstoppable. Then came the realities of the South

After a historic victory in Tennessee, the United Auto Workers southern campaign is still recovering from a big rejection in Alabama. How will it recover?

Thousands of Dollar General stores now sell fresh produce. Could it improve rural food access?

The discount store chain has added fresh fruits and vegetables at more than 5,400 stores. Grocery store advocates say the move could hurt mom-and-pop grocers.

As dollar stores continue rural expansion, a Louisiana parish found a new way to push back

Tangipahoa Parish blocked a new Dollar General from opening in a case that could set a precedent for other communities looking to keep discount retailers out.

4 takeaways from a year of investigating nightmare utility bills

GSN reporters reflect on a year of the Utility Bill of the Month series investigating missing, expensive and just wrong water and power bills in the region.