
Kohl's exceeded Wall Street's expectations in its second-quarter earnings, sending its shares up over 20%. Despite a sales decline and leadership changes (with three CEOs in three years), the company narrowed its full-year sales guidance and improved its earnings per share outlook. Kohl's attributed the positive results to...

Puerto Rico's power utility, bankrupt for nearly a decade, faces a potential collapse of its debt-cutting plan. Investors, including BlackRock, threaten to withdraw after the Trump administration dismissed the island's financial oversight board. A 2023 deal reduced $9 billion in debt to $2.6 billion, but other investors are...

New US rules eliminating the $800 tariff exemption on imported goods are causing major disruptions. Japan, Australia, Taiwan, and other countries are suspending parcel shipments to the US due to logistical challenges and uncertainty. This impacts individuals and small businesses using postal services and e-commerce platforms. The change,...

A Hong Kong-based scooter-sharing company, Lightning Shared Scooter Co. (LSSC), ran a massive investment scam, defrauding hundreds or thousands of people across the US. Victims, including police officers, military personnel, and even a former White House press secretary seemingly endorsed the scheme. Investors, many from low-income communities, poured...

The US is ending a duty-free exemption for imports under $800, impacting small businesses and online shoppers. This change, implemented earlier than expected, means increased import taxes on small packages from all countries, not just China and Hong Kong. Many countries are temporarily halting US-bound shipments due to...

The US government is taking a 10% stake in Intel, despite Intel's partnerships with several Chinese surveillance firms sanctioned for human rights abuses. These firms, including Uniview, Hikvision, and Cloudwalk, use Intel technology in their surveillance equipment, raising concerns about complicity in human rights violations. Intel claims to...

Student housing rent growth is slowing down, impacting the real estate market. July saw only a 0.9% increase, a significant drop from previous years' growth of 5.7% and 6.9%. This slowdown affects both high-end and budget-conscious students, with some opting for cheaper housing outside campuses. A major...

Frontier Airlines is expanding into many of Spirit Airlines' markets, adding 20 new routes this winter. This move comes as Spirit faces financial difficulties, warning it might not survive another year. Frontier overlaps with Spirit on 35% of its capacity, making it a prime competitor. Frontier's CEO, Barry...

The Powerball jackpot has soared to an estimated $815 million after no one won Monday's $750 million prize. This makes it the seventh-largest Powerball jackpot ever. The winning numbers on Monday were 16, 19, 34, 37, 64, and the Powerball was 22. The cash value is approximately $367.9...

Tonight's Powerball jackpot is a staggering $750 million, but the actual payout is significantly less. Choosing the lump sum, the most common option, reduces the prize to $338.6 million before taxes, and further reductions occur due to federal and potentially state taxes. Even after taxes, a New York...