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Facing pressure from President Trump's tariffs, major US retailers are grappling with rising costs. Walmart warned of price increases, prompting Trump's criticism to "EAT THE TARIFFS." Target and Home Depot, however, ann…
Target reported a 2.8% sales drop in Q1 2025, blaming consumer anxieties over tariffs and a DEI policy backlash. CEO Brian Cornell warned of 'massive' potential tariff costs, stating price increases are a last resort. Th…
Target (TGT) shares dropped in premarket trading after the company issued a lowered full-year sales projection following mixed first-quarter results. While adjusted EPS of $1.30 beat analyst expectations, revenue fell sh…
High real estate agent commissions, often 5-6% of the sale price, are prompting buyers and sellers to seek alternatives. A recent lawsuit settlement requires agents to disclose negotiable fees and allows buyers to pay di…
Growing concerns over America's rising national debt, fueled by recent tax cuts, are impacting the bond market. Investors are increasingly wary of lending to the U.S., leading to market turmoil. The Trump administration'…
Lowe's maintained its full-year sales forecast despite slightly missing Wall Street's quarterly sales expectations but exceeding earnings estimates. Strong sales from professional customers offset weaker DIY demand, impa…
Oil prices surged after CNN reported US intelligence indicating a potential Israeli strike on Iranian nuclear facilities. Brent crude climbed as much as 1.9%. While no final decision on an attack has been confirmed, the …
US stocks experienced a downturn on Tuesday, ending a six-day winning streak. The S&P 500 fell 0.39% to 5,940.46, the Nasdaq Composite dipped 0.38%, and the Dow Jones Industrial Average lost 0.27%. Tech stocks led the de…
Home Depot announced it won't broadly raise prices due to new tariffs, unlike Walmart. While some product options may disappear due to increased import costs, Home Depot executives cited their strong market position and …
Tesla CEO Elon Musk reaffirmed his commitment to leading the company for the next five years during an interview at the Qatar Economic Forum. His statement addresses investor concerns regarding his dedication to Tesla, f…
Contemporary Amperex Technology Co. (CATL), the world's largest EV battery maker, saw its Hong Kong shares surge over 16% on its debut. The secondary listing raised over $4.5 billion, making it the world's largest IPO of…
US markets showed slight pre-market dips as earnings season winds down. Home Depot exceeded sales expectations, contrasting with other retailers impacted by Trump's tariffs. Uncertainty remains regarding the tariffs' eff…
Thousands of chicks abandoned in a USPS truck for three days in Delaware resulted in thousands of deaths. The surviving chicks, now at the First State Animal Center and SPCA, are being cared for and offered for adoption,…
CATL, the world's largest EV battery maker, successfully debuted on the Hong Kong Stock Exchange, raising $4.55 billion in the year's biggest IPO. Shares surged over 10% upon opening. Despite US concerns regarding nation…
Bath & Body Works has appointed Daniel Heaf as its new CEO, replacing Gina Boswell who recently underwent surgery and took a leave of absence. Heaf, formerly Nike's chief strategy and transformation officer, brings exten…
Qatar Airways announced a record 28% surge in annual net profit, reaching $2.1 billion. This success is attributed to strategic investments in airlines like Virgin Australia and Airlink, expanding its global reach and so…
New Jersey Transit engineers ended their three-day strike after reaching a tentative wage agreement. Train service will resume Tuesday, after a 24-hour inspection period. The strike, the state's first in over 40 years, d…
Treasury Secretary Scott Bessent acknowledged that Walmart may pass some tariff costs to consumers, despite President Trump's warning against price increases. Bessent spoke with Walmart CEO Doug McMillon, emphasizing the…
Capital One Financial Corporation finalized its $35.5 billion all-stock acquisition of Discover Financial Services. CEO Richard Fairbank described the merger as uniting two innovative companies to enhance banking service…
Treasury Secretary Scott Bessent warned that tariffs on 18 key trading partners will revert to April 2 levels if trade deals aren't reached within 90 days. The administration is pursuing bilateral and regional agreements…
The tequila industry, experiencing a slowdown after years of boom, faces several challenges. Kendall Jenner's 818 Tequila, along with other brands like Pantalones, is cutting back on spending and hiring. Over-supply of a…
Reuters reported difficulty finding users of Amazon's Alexa+, its AI-enhanced virtual assistant. Amazon strongly refuted this, stating that hundreds of thousands of customers have access and are actively being invited. W…
Capital One will pay $425 million to settle a nationwide lawsuit alleging it defrauded savings account holders. The settlement, filed in a Virginia court, addresses claims that Capital One failed to adequately advertise …
A 90-day reprieve on high tariffs on Chinese imports has offered small US businesses temporary relief, but uncertainty remains. While the reduction from 145% to 30% allows for some production, the short timeframe creates…
Major cryptocurrencies like ether, XRP, and dogecoin experienced a roughly 3% drop following Moody's downgrade of the U.S. credit rating to Aa1. The broader crypto market, briefly reaching a weekly high, settled at $3.3 …