Economics News on Business Daily

Wells Fargo announced the Wells Fargo Foundation in providing a $750,000 grant to establish the Team Rubicon TRades Academy. The TRades Academy initiative aims to equip individuals with trade skills, such as contracting, electric, plumbing, and HVAC, for application in various communities, particularly in the aftermath of natural disasters, according to a press release by Wells Fargo.

U.S. Rep. Adriano Espaillat (D-NY) has honored Flying Food Group for donating book bags and laptop computers to 500 students in East Harlem.

Coinbase, a leading cryptocurrency exchange, has solidified its position in Spain by obtaining an Anti-Money Laundering (AML) registration from the Bank of Spain. The company announced this development at the European Blockchain Convention held in Barcelona. "Our foothold in Spain comes as part of a series of developments across Europe," said Coinbase.

In 1983, Sue Gin, a real estate developer and bakery owner in Chicago, was on a Midway Airlines flight when the stewardess delivered an unsavory breakfast that was nothing more than a half-frozen sweet roll.

Wells Fargo & Company has announced that its personalized digital platform, LifeSync®, is now available to all consumer customers. Initially introduced to Wealth & Investment Management (WIM) clients earlier this year, LifeSync® can now be accessed through the Wells Fargo Mobile® app, according to a press release by Wells Fargo.

Visa has announced the formation of the Advisory Council for the Visa Economic Empowerment Institute, a platform that will focus on conducting original research and facilitating public-private discussions on payments and public policy. According to a press release by Visa, the founding members of the council are Dr. Axel Weber, Lord Jonathan Hill, and Ambassador Koji Tsuruoka.

JPMorgan Chase & Co. is marking its 90th anniversary of service in Detroit and the 10th anniversary of its commitment to support the city's economic recovery. The bank has pledged over $200 million to aid in the revitalization of Detroit, with a particular focus on skills training and job creation.

A retired Andover, Kan. woman is questioning why U.S. Sen. Roger Marshall (R-KS) would “team up with Dick Durbin” to sponsor a measure that she said could threaten the cash-back incentives provided by her credit cards.

The airline catering company Flying Food Group (FFG, recently developed a comprehensive healthcare plan with better benefits than those offered by UNITE HERE!, but the union has prohibited FFG from making the plan available to its employees, FFG Los Angeles Airline Facility (LAI) General Manager Lucy Osoro said.

JPMorgan Chase recently revealed a commitment of $2 million in philanthropic funding to nonprofit organizations focused on aiding underserved small businesses in Detroit.

Housing costs now account for a third of the average American's budget as inflation continues to impact the economy, according to a MarketWatch article published on Feb. 17.

The Amazon Fayetteville fulfillment facility is still scheduled to be officially opened in 2023, but it remains unclear when specifically the facility will actually be open.

The Economic Development Administration (EDA) issued 19 grants totaling $39,102,618 in 2022 to fund economic development projects in Utah.

In 2022, Minnesota received $53,888,011 in EDA grants for economic development projects, ranking 23rd nationwide, according to the US Economic Development Administration (EDA).

In 2022, Rhode Island received $23,979,097 in EDA grants for economic development projects, ranking 43rd nationwide, according to the US Economic Development Administration (EDA).

The Economic Development Administration (EDA) issued 45 grants totaling $89,231,924 in 2022 to fund economic development projects in North Carolina.

The Economic Development Administration (EDA) issued 31 grants totaling $67,973,569 in 2022 to fund economic development projects in Missouri.

In 2022, Delaware received $12,932,663 in EDA grants for economic development projects, ranking 48th nationwide, according to the US Economic Development Administration (EDA).

The Economic Development Administration (EDA) issued 57 grants totaling $238,656,132 in 2022 to fund economic development projects in California.

The Economic Development Administration (EDA) issued 48 grants totaling $123,659,228 in 2022 to fund economic development projects in Texas.