Signs of Stress in the Services Economy The U.S. services sector, which makes up roughly 80% of the American economy, just flashed a warning sign. The Institute for Supply Management’s Services PMI dipped to 49.9 in June, marking the first contraction in this sector since mid-2024. While that number might look small, it’s big news…
The U.S. Patent and Trademark Office (USPTO) is diving headfirst into the world of artificial intelligence. Taking steps like transforming its operations with more tech savvy options. Artificial intelligence at the forefront, USPTO’s tools like the Scout chatbot and PE2E search system are leading the industry. Boosting efficiency for patent examiners and trademark attorneys. Scout,…
Locking in Stability Amid Market Chaos Oil prices are back on the rollercoaster, and U.S. oil producers are buckling up. After crude futures spiked nearly 7% due to escalating Middle East tensions, producers across the country are racing to hedge their bets. They’re locking in oil prices through 2026 at record levels to protect their…
A Sluggish Climb in U.S. Production The latest numbers are in, and they’re not exactly encouraging. U.S. manufacturing output in May rose by a modest 0.1%, following a slight decline in April. It’s not quite the rebound many had hoped for, especially in a sector that’s often considered a barometer for the broader economy. While…
The U.S. Department of Agriculture (USDA) is revolutionizing federal tech with Stratus. A powerhouse cloud acquisition vehicle that’s opening doors for government agencies to embrace a new approach. The USDA’s one-stop shop for cloud acquisition, Stratus, is expanding its Pool 2, inviting more tech innovators to join by July 11, 2025. This cloud acquisition juggernaut,…
A Billion-Dollar Stage Set for Growth Live Nation Entertainment is making a massive move by investing $1 billion to build 18 new music venues across the U.S. over the next 18 months. From small clubs to large amphitheatres, this expansion demonstrates the company’s confidence in the post-pandemic rebound of live events. According to early industry…
BAE Systems has clinched a monumental $178.3 million defense contract from the U.S. Navy to modernize the USS Somerset (LPD 25), a San Antonio-class amphibious transport dock. Awarded through Naval Sea Systems Command (NAVSEA) following a competitive bidding process on SAM.gov, this defense contracting triumph underscores BAE’s unparalleled expertise. With only one offer received, BAE’s…
EPA Reconsiders Emissions Rule In a move that’s already stirring strong reactions, the Environmental Protection Agency (EPA) has proposed rolling back a key climate rule targeting carbon dioxide emissions from power plants. The decision could significantly reshape the U.S. energy landscape, and in this week’s industry brief, it’s one of the biggest headlines shaking up…
Latest government contract update for tech enthusiasts, Omni Federal snagged a whopping $427 million contract. The prime objective is to turbocharge the Defense Counterintelligence and Security Agency’s (DCSA) background check systems.The deal was announced on Thursday. Managed by the General Services Administration, tasks Omni Federal with revamping the National Background Investigation Services (NBIS) system using…
Industry Unites for Policy Support The U.S. hydrogen industry is urging lawmakers to extend the 45V hydrogen production tax credit, calling it a crucial step for sustaining clean energy momentum. Nearly 250 companies and labor unions—including the American Petroleum Institute, Air Liquide, and the International Brotherhood of Electrical Workers—have signed a joint letter to Congress.…