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GE Appliances to Invest More Than $3 Billion in US Operations, Including Kentucky

William Attardi on August 21, 2025

GE Appliances announced it will invest more than $3 billion over the next five years in its U.S. operations. With its global headquarters in Louisville, GE Appliances said Wednesday the first phase of investments will begin at plants in Kentucky, Alabama, Georgia, Tennessee and South Carolina. As part of the investment, the company plans to expand its air conditioning and water heating portfolio, increase product production and “further modernize” 11 manufacturing plants in the U.S. That is expected to create 800 new jobs. GE Appliances to invest more than $3 billion in US operations, including Kentucky

GE Appliances Moves Washing Machine Production from China to Kentucky with $490 Million Investment

William Attardi on June 27, 2025

GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. GE Appliances says nearly all the steel used in its U.S. manufacturing for its appliances comes from American steelmakers. The redesigned factory will become its most advanced manufacturing plant for clothes washing production, the company said, featuring the latest in automation, robotics and material-handling technologies including automated guided vehicles and autonomous mobile robots.  GE Appliances shifting washing machine production from China to Kentucky | AP News

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini