US stock futures rose Sunday after US and Chinese representatives agreed on a trade-deal framework that could avert tariffs up to 157%, while investors bet on a rate cut. Dow, S&P 500 and Nasdaq futures gained 0.65%, 0.74% and 0.92%. The Dow closed above 47,000 Friday after CPI showed inflation...
Treasury Secretary Scott Bessett said he has “felt pain” from China’s halt on U.S. soybeans, telling ABC’s This Week, “I’m actually a soybean farmer.” He said two days of talks produced a “substantial framework” he believes will ease growers’ worries, ahead of President Donald Trump’s meeting with China’s Xi Jinping...
Born in basement workshops, Ukraine’s drone start-ups are racing into industry, led by Fire Point—a firm that pivoted from film work to become a military contractor. Executives say it holds $1 billion in contracts this year and builds long-range FP-1 drones at 30 secret sites, used in strikes on Russian...
LSI, Inc. of Alpena is recalling more than 2.2 million pounds of Golden Island fire-grilled pork jerky (Korean barbecue recipe) after customers reported wiry metal fragments, federal officials said. The voluntary recall covers 410-gram and 450-gram plastic pouches sold at Costco and Sam’s Club, marked with establishment number M279A and...
Images of long queues outside gold stores flooded social media over the past month, and professional metals traders grew increasingly uneasy. On Oct. 6, Nicky Shiels, head of research at MKS Pamp SA, told clients gold is “an overcrowded trade that’s overextended by every technical metric.” On Monday, as prices...
JPMorgan Chase asked a court to end what it calls “abusive billing” by Charlie Javice and Olivier Amar, saying it has covered nearly $115 million in their legal costs under its agreement from buying their startup, Frank. In a late-Friday filing, the bank said Javice’s lawyers billed about $60.1 million...
Taco Bell is doubling down on drinks with its in-restaurant Live Más Café counters, now open in Chula Vista and near UC Irvine and projected to reach 30 locations across Southern California, Dallas and Houston by year-end. The “bellrista”-run stations spotlight churro chillers, specialty coffees, and brightly colored refrescas. The...
Procter & Gamble beat Wall Street’s expectations for its fiscal first quarter, buoyed by strong beauty and grooming demand, and kept its full-year outlook despite tariff costs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment.” For the quarter ended Sept. 30, adjusted EPS was $1.99 (vs....
Ford’s third-quarter profit more than doubled to $2.4 billion as strong truck and SUV sales offset tariffs, but a September fire at a key Novelis aluminum plant will slow pickup output and cut fourth-quarter pretax profit by up to $1 billion. The company halted F-150 Lightning production, shifted workers, and...
Target will cut 1,800 corporate jobs—about 8% of its corporate workforce—in its first major layoffs in a decade, the Minneapolis-based retailer said. In a memo, incoming CEO Michael Fiddelke said the move is meant to simplify operations and speed decisions as the company battles a sales slump and expects annual...
