APPLE’S Bold Gamble: $500 Billion US Investment Ignites Hope as Stores Vanish
— Apple just announced a massive $500 billion plan to boost American manufacturing and create jobs. Over the next four years, Apple will build an AI server factory in Texas, open a new academy in Detroit, and hire 20,000 workers for research and development. This bold move follows CEO Tim Cook’s meeting with President Trump as Apple seeks tariff relief during tough trade talks with China.
At the same time, U.S. retailers are facing hard times. More than 15,000 stores are set to close in 2025 — double last year’s total. Chains like Joann, Walgreens, CVS, Macy’s, and Advanced Auto Parts are closing hundreds of locations each. However, some brands like Aldi and Dollar General are still growing while others shrink.
In other business news: Dooap is teaming up with Amazon Business to help companies using Microsoft Dynamics 365 Finance buy supplies faster. Over in the UK, Virgin Media O2 is joining forces with Daisy Group to form a major new business service provider.
ESPN plans to launch a $30-per-month streaming service that doesn’t need cable TV at all. And even though many shops are shutting down nationwide, Cards Direct is opening its doors in Halifax after Clintons closed — proof that local retail can still adapt when times get tough.
