Starting October 1, 2025, Florida will eliminate the sales tax on commercial leases, making rent tax-free for businesses. House Bill 7031 also includes corporate tax updates, new sales tax holidays on outdoor gear, permanent exemptions for bullion and safety gear, and expanded tax credits for housing families of sick children. Sales Tax Ends on…
Summer Sales Smash Records In a powerful display of consumer enthusiasm, U.S. online shoppers spent a staggering $24.1 billion over just four days, from July 8–11. What began as a routine round of “Black Friday in July” deals turned into a shopping frenzy, supercharged by Amazon’s extended 96-hour Prime Day, major discounts from Target, Walmart,…
On July 11, 2025, General Dynamics IT (GDIT) clinched a $143 million task order from the Naval Air Warfare Center Weapons Division. Which further solidified its prowess in defense tech. Secured through the RS3 contract vehicle, this deal propels GDIT to develop some next level electronic warfare (EW) solutions for aircraft, helicopters, and drones. Picture…
Trade Uncertainty Returns to the Spotlight The International Monetary Fund (IMF) is sounding the alarm once again, this time over rising global trade-policy uncertainty. With the United States recently announcing a 50% tariff on copper imports and similar moves targeting aluminium and steel, the international trade environment is getting harder to predict. The IMF’s latest…
Jobless Claims Drop, But Caution Remains In a somewhat hopeful sign for the U.S. labor market, jobless claims fell to 233,000 last week, slightly below what economists had expected. It’s a signal that layoffs may be slowing down, at least for now. But as this week’s business insights point out, it’s not the full story.…
The Gulf Coast Ecosystem Restoration Council is using federal procurement to upgrade its Deepwater Horizon Project Tracker, helping track billions in restoration funds, prevent overlap, and ensure a coordinated recovery across Gulf states and agencies. Fifteen years have passed since the Deepwater Horizon oil spill. Work to restore the Gulf Coast is in full swing.…
The U.S. Navy has dropped a colossal $986.8 million contract modification. It is into the hands of General Dynamics Electric Boat, igniting a submarine construction boom that will ripple through 2031. This submarine construction deal powers the creation of Columbia-class ballistic missile submarines, Virginia-class attack subs, and even lends a hand to Ford-class aircraft carriers.…
A Surge in Spending, But Not in Sales In a surprising development for 2025, U.S. corporations are investing in capital expenditures at a pace that now outstrips their sales growth. New data shows that capital investment is growing at a 9.4% rate, compared to only modest increases in revenue. That’s nearly four times the gap…
Big Layoffs, Big Strategy Shift In a move that has captured the tech world’s attention, Intel is cutting 15–20% of its global workforce as part of a massive restructuring effort. This decision, disclosed in this week’s industry brief, reflects Intel’s urgent need to recalibrate its priorities amid rising competition and slowing demand in the semiconductor…
The U.S. Navy has ignited a $1.5 billion IT procurement revolution.Awarding eight small businesses a five-year contract to deliver cutting-edge Microsoft enterprise and cloud services. This second iteration of the Microsoft Enterprise Services (MES II) contract, a cornerstone of the Department of Defense Enterprise Software Initiative, redefines IT procurement by empowering small firms. Unlike the…