Divided Fed worried about tariffs, inflation and the labor market, minutes show

Wed, 20 Aug 2025 18:45:35 CDT

Fed officials worried at their July meeting about the state of the labor market and inflation, though most agreed it was too soon to cut rates, minutes showed.

Minutes Show Several Fed Members Flagged Inflation Risk

Wed, 20 Aug 2025 18:32:31 CDT

Most Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee. Mike McKee reports.

Trump calls on Federal Reserve governor Lisa Cook to resign, renewing attack on central bank

Wed, 20 Aug 2025 18:23:44 CDT

Ally of the president has accused the first Black woman to sit on the central bank’s board of mortgage fraud * US politics live – latest updates Donald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates. A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate. The claims have not been confirmed. Continue reading...

Banco Master Seeks $2.2 Billion More From Brazil Insurance Fund

Wed, 20 Aug 2025 18:20:19 CDT

Banco Master is seeking a new credit line of as much as 12 billion reais ($2.2 billion) from Brazilian deposit insurance fund FGC to keep its operations running while it tries to sell assets, according to people familiar with the matter.

Target Replaces CEO Brian Cornell Amid Sales Slump

Wed, 20 Aug 2025 18:19:39 CDT

Michael Fiddelke, the company’s chief operating officer, will step into the role in February.

Retail Traders Continue to Trim the Winner, says Guild

Wed, 20 Aug 2025 18:09:25 CDT

Stephanie Guild, Robinhood Chief Investment Officer, joins Open Interest to discuss retail trader behavior, tech stocks, and the labor market. (Source: Bloomberg)

New Details Emerge on Fox Hosts’ Efforts to Bolster Trump in 2020

Wed, 20 Aug 2025 18:00:44 CDT

The documents were released as part of a defamation case against Fox Corporation filed by Smartmatic, an election technology company.

Fed Minutes Show Majority of FOMC Saw Inflation as Greater Risk

Wed, 20 Aug 2025 18:00:01 CDT

Most Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.

Lykos Names Point72 Capital Markets Head McEntire as President

Wed, 20 Aug 2025 17:59:56 CDT

Lykos Global Management named J. Andrew McEntire, Point72 Asset Management’s global head of capital markets, as its president.

Trump Calls for Fed Governor Lisa Cook to Resign Amid Campaign to Remake Central Bank

Wed, 20 Aug 2025 17:59:05 CDT

The administration accused the official, Lisa Cook, of mortgage fraud and said it would refer the matter for criminal investigation.

Brazil’s Regulator Delays Final Decision on Marfrig-BRF Deal

Wed, 20 Aug 2025 17:51:54 CDT

Brazil’s antitrust regulator delayed a final decision on beef supplier Marfrig Global Foods SA’s takeover of chicken producer BRF SA, further dragging out the completion of a deal that would create one of the world’s largest meat companies.

Pop Mart Teases a Mini Labubu, Sending Stock Soaring

Wed, 20 Aug 2025 17:49:56 CDT

The grinning plush elves drove record revenue for the Chinese retailer in the first half of the year, and soon fans will have something new to lust after.

Trump Calls on Fed’s Cook to Resign

Wed, 20 Aug 2025 17:44:30 CDT

President Donald Trump called on Federal Reserve Governor Lisa Cook to resign following a call for an investigation of the board member’s mortgages by Federal Housing Finance Agency Director Bill Pulte. Josh Wingrove reports on Bloomberg Television.

An Alternative Interpretation of Buy-And-Hold Investing

Wed, 20 Aug 2025 17:42:59 CDT

A lot of people are fretting about an overvalued US stock market. A recent Bank of America survey of fund managers said that 91% of them think US equities are too expensive. Should we care though?

Gemini’s Winklevoss Brothers Donate $21 Million in Bitcoin to a Trump-Friendly PAC

Wed, 20 Aug 2025 17:41:42 CDT

Tyler and Cameron Winklevoss, the twin brothers who run the Gemini cryptocurrency exchange, said they’ve donated $21 million in Bitcoin to a Republican-oriented political action committee to help President Donald Trump expand his pro-digital asset agenda going into the US midterm elections.

Europe Races to Leverage Trump’s Support for Ukraine Troop Plan

Wed, 20 Aug 2025 17:34:37 CDT

Kay Bailey Hutchison, former US ambassador to NATO, said a security guarantee for Ukraine, including European troops on the ground working in concert with the US, is essential to any settlement to the war there. European leaders are discussing a security guarantee for Ukraine that would commit Kyiv’s allies to decide within 24 hours whether to provide military support to the country if it’s again attacked by Russia. A proposal that amounts to a NATO-like collective defense clause, but doesn’t come with actual membership in the alliance, is being pushed by Italian Prime Minister Giorgia Meloni. It’s among an array of options being fleshed out as European leaders leverage momentum after President Donald Trump agreed to back security guarantees for the war- battered nation. (Source: Bloomberg)

SQM Signals Codelco Lithium Deal Safe From Chilean Election Risk

Wed, 20 Aug 2025 17:34:03 CDT

Chile’s SQM says a lithium tie-up with state-owned Codelco is on track to be finalized well before the country’s next government takes power, easing concerns that the landmark deal could be upended.

SpaceX’s Expensive Starship Explosions Are Starting to Add Up

Wed, 20 Aug 2025 17:32:07 CDT

Plagued by failed test flights, Elon Musk’s space company is under pressure to show progress in its massive rocket program. How long will investors keep the faith? Kiel Porter explains. (Source: Bloomberg)

Prop Firm Prime Trading Enters Chicago S&P 500 Options Pit

Wed, 20 Aug 2025 17:29:35 CDT

Prime Trading has established a floor operation at Cboe Options Exchange, in a sign the 177 year-old tradition of face-to-face derivatives trading in Chicago is continuing to attract investment.

US Banks Cut Back Muni Exposure to Lowest Since Financial Crisis

Wed, 20 Aug 2025 17:21:48 CDT

US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and a heavy flow of new bond sales.

Stocks making the biggest moves midday: Target, Intel, Medtronic, Palantir, La-Z-Boy and more

Wed, 20 Aug 2025 17:20:11 CDT

Here are some of the stocks posting the biggest moves in midday trading Wednesday.

Blackstone’s Perry Sees Secondaries Topping $400 Billion by 2030

Wed, 20 Aug 2025 17:13:02 CDT

Blackstone Inc.’s Verdun Perry called buying and selling existing stakes of private assets “the most underutilized tool” in that market, predicting secondaries deal volume will more than double to $400 billion by 2030.

Russian Oil Output Seen Stable Despite Toughest Spell in 5 Years

Wed, 20 Aug 2025 17:09:12 CDT

Russia’s oil output and exports will remain steady this year even as the industry goes through its most challenging period since the Covid-19 pandemic, according to a Moscow-based consultant.

Investors Eager for a Target Turnaround

Wed, 20 Aug 2025 17:03:15 CDT

Michael Baker, D.A. Davidson Senior Research Analyst, says he hopes Target’s new CEO can focus on store operations, stocking shelves, better service, and cleaning up messy stores. (Source: Bloomberg)

Ford Mulls $300,000 Off-Road Supercar

Wed, 20 Aug 2025 17:03:03 CDT

Ford CEO Jim Farley told Bloomberg's Matt Miller and Hannah Elliot that he was “nauseated” with the state of the supercar segment. He announced plans for Ford to develop a high-end off-road supercar. (Source: Bloomberg)

Udemy Taps into Reskilling for AI

Wed, 20 Aug 2025 16:59:05 CDT

Udemy CEO Hugo Sarrazin joined Bloomberg Open Interest to talk about how AI has the potential to reshape, and re-skill the US workforce. (Source: Bloomberg)

Monroe Packages Private Fund Stakes for $350 Million of Financing

Wed, 20 Aug 2025 16:57:59 CDT

Chicago-based private credit investor Monroe Capital plans to raise around $350 million through a structured finance vehicle backed by cash flows from stakes in a number of its funds, according to people with knowledge of the matter.

Trump Embarks on $104 Million Bond-Buying Spree

Wed, 20 Aug 2025 16:56:20 CDT

President Donald Trump has purchased hundreds of bonds since he returned to office, in 690 transactions totaling at least $103.7 million, according to a document released by the White House on Tuesday. Bill Allison reports on Bloomberg Television.

Claire's sells most of its North American business after filing for bankruptcy protection

Wed, 20 Aug 2025 16:28:22 CDT

Claire's announced Wednesday it is selling most of its North American business in an effort to stave off liquidation after filing for bankruptcy protection.

TJ Maxx parent company TJX beats earnings expectations, raises full-year guidance despite tariff pressure

Wed, 20 Aug 2025 16:28:08 CDT

TJX Cos. reported earnings and revenue that beat estimates and raised its full-year guidance, as the discounter said it can offset pressure from tariffs.

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

Wed, 20 Aug 2025 16:26:54 CDT

In an open letter, several major crypto firms said the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era."

Lowe's beats on quarterly earnings, buys home pros business for $8.8 billion

Wed, 20 Aug 2025 16:19:41 CDT

The retailer has tried to attract more home professionals as a way to drive higher sales.

Target shares tumble as retailer picks new CEO, says sales fell again

Wed, 20 Aug 2025 16:06:35 CDT

Investors are looking for signs that the struggling big-box retailer Target is getting back on track.

Stocks making the biggest premarket moves: Target, Lowe's, Snowflake and more

Wed, 20 Aug 2025 15:38:01 CDT

These are the stocks posting the largest moves in the premarket.

Why Does Xi Keep Purging Loyalists? Look to Stalin and Mao for the Answer.

Wed, 20 Aug 2025 15:37:18 CDT

China’s “bedside eavesdroppers,” the online posse parsing rumors for power shifts, have a lot to work with as Xi Jinping pushes aside his own political appointees.

Alaska Airlines launches $395 credit card in premium travel race, combines loyalty program with Hawaiian

Wed, 20 Aug 2025 15:00:20 CDT

Alaska will join other airlines in raising the requirements to earn elite status.

Oaktree’s Marks Says Stocks Hint at ‘Early Days’ of a Bubble

Wed, 20 Aug 2025 14:52:50 CDT

US stocks are “in the early days” for a bubble, although the critical point for a correction has yet to come, Oaktree Capital Management LP co-founder Howard Marks cautioned.

Trump’s Tariffs Push U.S. Businesses Into ‘Survival Mode’

Wed, 20 Aug 2025 14:52:26 CDT

A 90-day pause on additional tariffs on China offers no relief to American companies already facing extraordinarily high import taxes imposed by President Trump.

Hertz to sell used vehicles online through Amazon Autos partnership

Wed, 20 Aug 2025 14:35:56 CDT

Hertz will start selling pre-owned cars on Amazon Autos, a move meant to bolster the car rental company's retail business as it looks to bring in more profits.

JPMorgan, MUFG Lead $23 Billion Loan for Data-Center Campus

Wed, 20 Aug 2025 14:05:54 CDT

JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading a loan of more than $22 billion to support Vantage Data Centers’ plan to build a massive data-center campus, according to people with knowledge of the matter.

Treasuries Extend Gains After 20-Year Bond Auction Draws Demand

Wed, 20 Aug 2025 14:00:46 CDT

US Treasuries gained for a second day as a solid 20-year bond auction underscores the demand for long-term debt.

How hurricane resilience for commercial real estate is leveraging drones and AI

Wed, 20 Aug 2025 14:00:01 CDT

Site Technologies employs drones to help CRE facilities managers see where the vulnerabilities are in their properties and address them before storms hit.

Target CEO steps down as company faces weak sales and customer boycott

Wed, 20 Aug 2025 13:48:29 CDT

Brian Cornell to be replaced next year as retailer navigates boycott over its scaling back of DEI initiatives $The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by Michael Fiddelke, Target’s chief operating officer, the company said on Wednesday. Continue reading...

Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump

Wed, 20 Aug 2025 13:39:38 CDT

Fiddelke will take over as Target CEO as the big-box retailer tries to win back both customers and investors after roughly four years of stagnant sales.

Tech Megacaps Lead Stocks Lower as Selloff Drags Into Fourth Day

Wed, 20 Aug 2025 13:37:04 CDT

US stocks declined as traders assessed a rotation out of technology high- flyers and the path of future interest rates after a meeting summary showed most Federal Reserve officials see inflation risks outweighing concerns over the labor market.

Microsoft and NFL announce multiyear partnership to use AI to enhance game day analysis

Wed, 20 Aug 2025 13:30:01 CDT

Microsoft and the NFL announced a multiyear extension of their partnership to bring real-time analysis to the sidelines using Microsoft Copilot and Azure AI.

How Tariffs Will Affect This Unique Cheese

Wed, 20 Aug 2025 13:00:01 CDT

Stilton is a special type of blue cheese that can be made in only three English counties. There are just four producers of Stilton left, but this one was crowned best cheese in the world, according to one of the industry’s top awards last year. Eshe Nelson, a business reporter for The New York Times, went to Clawson Farms, the producer of the award-winning Stilton, which is trying to expand its business in the United States, despite the higher costs imposed by the Trump administration’s tariff policy.

Is the A.I. Sell-off the Start of Something Bigger?

Wed, 20 Aug 2025 12:16:38 CDT

A sharp drop in technology stocks, and even comments by OpenAI’s Sam Altman, suggest investors are getting too exuberant about artificial intelligence.

Walmart recalls potentially radioactive shrimp sold in 13 US states

Wed, 20 Aug 2025 12:16:22 CDT

FDA officials detected Cesium-137, a radioactive isotope, in shipping containers and a sample of shrimp from Indonesia Walmart has recalled frozen, raw shrimp sold in 13 states because federal health officials say it could have potential radioactive contamination. The US Food and Drug Administration asked Walmart to pull three lots of Great Value brand frozen shrimp from stores after federal officials detected Cesium-137, a radioactive isotope, in shipping containers and a sample of breaded shrimp imported from Indonesia. Continue reading...

Wheat Rises to 1-Week High as Demand Outweighs Big Russian Crop

Wed, 20 Aug 2025 11:59:42 CDT

Wheat jumped to the highest in a week as fresh signs of demand outweighed forecasts for a big crop in Russia, the world’s largest exporter.

Bessent says interviews for 'incredible group' of potential Fed chairs will start after Labor Day

Wed, 20 Aug 2025 11:53:55 CDT

In a CNBC interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates.

Beef prices are spiraling. Meat lovers aren’t deterred — yet.

Wed, 20 Aug 2025 11:00:20 CDT

Drought has squeezed the U.S. cattle supply and pushed up prices. And now consumers have to deal with tariff shock.

What’s in a name? MSNBC, soon to be MS Now, adds to perilous history of the corporate rebrand

Wed, 20 Aug 2025 10:00:18 CDT

As the US cable news network becomes the latest to face ridicule, marketing experts say many months (and hundreds of thousands of dollars) go into firms’ new names The Tropicana Crisis of 2009 underlined the importance of a company’s branding. In January of that year, the orange juicemaker, owned by PepsiCo, changed the look of its cartons. The shiny orange punctured by a straw was replaced by an almost abstract blob of orange juice. Continue reading...

From dating apps to streaming, canceling a subscription should be easier.

Wed, 20 Aug 2025 10:00:12 CDT

Looking for love online shouldn’t be so costly. An FTC settlement agrees.

Come One, Come All! Buy Your TV Subscriptions Here!

Wed, 20 Aug 2025 09:01:57 CDT

A battle is heating up in the streaming world as millions of Americans sign up for multiple services through a single provider instead of separate apps.

In Norway, Are ‘Coolcations’ Taking a Toll?

Wed, 20 Aug 2025 09:00:29 CDT

As heat and wildfires plague many parts of Europe, the desire for cooler climes is driving tourists to Nordic countries, prompting as much concern as celebration.

Hate your job? How to have more fun at work - from ‘thin-slicing’ your joy to expressing your personality

Wed, 20 Aug 2025 09:00:16 CDT

Forget productivity! Author and consultant Bree Groff believes the true sign of a successful workplace is how much fun the employees are having. Is this the answer to post-Covid burnout and disengagement? Who would say work was fun? Your job might be rewarding (some of the time). You may get on with your colleagues (some of them). But _fun_? It seems simultaneously too grand an ambition and too small. After the work-centric “hustle culture” of the 2010s, then the backlash and widespread burnout brought on by the Covid-19 pandemic, the general feeling around work right now could be described as ambivalent at best. At worst, it’s openly combative, as evinced by frequent references to the “battle” over working from home. Managers want employees back in the office; employees want flexibility, and to limit work’s impact on their lives. Continue reading...

How to Avoid Getting Caught Up in ‘Air Rage’

Wed, 20 Aug 2025 09:00:14 CDT

The passenger fistfights seen on viral videos aren’t inevitable. Here are the warning signs and tips on how to dial down the tension.

Milei Clashes With Top Banks Amid Argentina Liquidity Crunch

Wed, 20 Aug 2025 09:00:00 CDT

Newly imposed liquidity measures aimed at containing a nascent peso selloff have stoked tensions between Argentine President Javier Milei and the country’s banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat.

Vienna announced as host city for Eurovision song contest 2026

Wed, 20 Aug 2025 07:42:45 CDT

Final of 70th edition of competition to be held on 16 May at the Wiener Stadthalle, Austria’s largest indoor arena Vienna has been chosen to host the Eurovision song contest 2026, the world’s biggest live televised music event, Austria’s public broadcaster announced, with the final set for 16 May. Austria’s JJ won this year’s competition, held in Basel in Switzerland, with his song Wasted Love, which blends techno beats with operatic vocals – making his home country the 2026 host. Continue reading...

Bunge Diverts Argentina Soybean Meal Ship Bound for China

Wed, 20 Aug 2025 05:44:56 CDT

Bunge Global SA, one of the world’s largest agricultural commodities traders, diverted a rare cargo of Argentine soybean meal originally bound for China, according to people with knowledge of the matter.

FDA approves first-ever glucose monitoring system for weight loss from Signos

Wed, 20 Aug 2025 04:02:01 CDT

Any patient can access Signos' system, which uses an AI platform and an off- the-shelf continuous glucose monitor, or CGM, from Dexcom.

MSNBC’s Rebrand to MS NOW Invites Bemusement and Ridicule

Wed, 20 Aug 2025 03:12:58 CDT

The cable TV network’s new name, MS NOW, became the subject of mockery on social media soon after it was announced on Monday.

He Tried to Endorse From the Pulpit. He Wound Up Without a Church.

Wed, 20 Aug 2025 03:12:54 CDT

The I.R.S. says churches can now support candidates during services, but many denominations still forbid it. A Wisconsin pastor learned the hard way.

Trump’s tariffs replace diplomacy as other US tools of statecraft are discarded

Wed, 20 Aug 2025 02:23:25 CDT

Measures meant to rebalance America’s economy are wielded instead against the likes of Canada, India and Brazil ‘to compel loyalty to the president’ On the campaign trail, Donald Trump pledged to use tariffs to revitalise American industry, bringing jobs home and helping to make America great again. But more than six months into his administration, experts say the president’s trade war is increasingly being wielded as a political cudgel, in lieu of more traditional forms of diplomacy. The president’s current target, India, has been unable to reach a trade agreement, and Trump appears ready to follow through with his threat to impose a further 25% tariff on Delhi – bringing the total to 50% – the joint highest levy on any country, along with Brazil. Continue reading...

Jeanine Pirro bragged about helping Trump and GOP while a Fox News host

Wed, 20 Aug 2025 00:21:08 CDT

The former Fox host complained of “CENSORSHIP” by Fox over her coverage of the 2020 election, according to newly unredacted documents in the Smartmatic defamation case.

Leading US economists urge peers to fight Trump’s attack on environment

Wed, 20 Aug 2025 00:00:25 CDT

Experts say undermining green protections and research funding is against the principles of economics Three leading US economists are urging their peers around the world to push back against Donald Trump’s attack on environmental laws. In what amounts to a call to action to economists, the trio say rollback of environmental regulations is “inconsistent or antithetical” to fundamental principles of economics over how to allocate the world’s limited resources for the greatest possible value to society. Withdrawal from the Paris climate agreement. Eliminating consideration in federal policy of the well-established effects of climate breakdown on public welfare. Executive orders to “drill baby drill” giving priority to fossil fuel energy production. Ending research funding on environment and climate and the collection of environmental data. Reducing investments and regulations designed to tackle lead and forever chemicals in drinking water. Continue reading...

Oil Rises Amid Large Inventory Draw, Russia-Ukraine Talks

Tue, 19 Aug 2025 23:33:46 CDT

Oil rose after a weekly report from the Energy Information Administration showed a 6-million-barrel decline in US inventories. Traders continue to monitor negotiations to end Russia’s war against Ukraine.

OpenAI eyes world’s largest valuation for private company in stock sale talks

Tue, 19 Aug 2025 22:46:07 CDT

Maker of ChatGPT reported to be considering $6bn share sale that would boost valuation to $500bn – above SpaceX The maker of ChatGPT is on the cusp of becoming the world’s most valuable private company. OpenAI is in talks to sell $6bn in shares, which would boost its valuation to $500bn, according to multiple reports. The artificial intelligence startup’s stock would be sold to investors by current and former employees. OpenAI has seen exponential growth over the past year. Investors, including Microsoft and SoftBank, have poured at least $40bn into the startup, giving it a valuation of $300bn as of March. Last October, it was valued at $157bn. Continue reading...

Tech-Led Stock Slide Extends After Fed Minutes: Markets Wrap

Tue, 19 Aug 2025 22:30:08 CDT

Signs inflation remains the predominant concern of Federal Reserve policy makers squelched gains in Treasuries and extended losses in stocks amid a weeklong slide in tech that has lopped billions from equity values.

Stocks making the biggest moves midday: Home Depot, Intel, Viking Therapeutics, Nvidia and more

Tue, 19 Aug 2025 21:55:34 CDT

Here are some of the stocks posting the largest moves in midday trading Tuesday.

Home Depot stock rises 3% as retailer maintains full-year forecast

Tue, 19 Aug 2025 20:58:20 CDT

CFO Richard McPhail said Home Depot continues to see the effects of a "deferral mindset" from homeowners, which began in roughly mid-2023.

OpenAI’s GPT-5 Launch Causes Backlash Due to Colder Responses

Tue, 19 Aug 2025 20:54:30 CDT

When OpenAI released a new version of ChatGPT, people were quick to protest its colder responses. Acknowledging the emotional attachment with chatbots, the company quickly backtracked.

From sweet treats to protein boosts, chains are banking on beverages to drive sales

Tue, 19 Aug 2025 20:28:01 CDT

Chains like McDonald's, Starbucks and Dutch Bros are banking on new beverages to drive sales, particularly from Gen Z consumers.

The senior living market can't keep up with demand as boomers age

Tue, 19 Aug 2025 19:23:40 CDT

More than 4 million boomers will hit 80 in the next five years, and occupancy at both active adult and assisted living communities is already rising fast.

Richard Lee, Activist Who Founded a Pot ‘University,’ Dies at 62

Tue, 19 Aug 2025 19:06:20 CDT

After he was paralyzed in an accident, his use of marijuana for medical purposes led him to become one of the nation’s most influential cannabis activists.

Jules Witcover, Political Reporter and Columnist, Dies at 98

Tue, 19 Aug 2025 18:49:38 CDT

A journalist of the old school, he covered presidential races and political affairs for several newspapers and in many books, as well as in a long-running column, “Politics Today.”

'Stranger Things' creators, the Duffer Brothers, ink 4-year deal with Paramount Skydance

Tue, 19 Aug 2025 18:23:58 CDT

The Duffer Brothers signed an exclusive four-year agreement with Paramount Skydance for feature films, television and streaming projects.

OpenAI Employee Stock Sale Would Value ChatGPT Maker at $500 Billion

Tue, 19 Aug 2025 18:16:29 CDT

At $500 billion, OpenAI would become the world’s most valuable privately held company.

Why Were Air Canada Flight Attendants Striking? Boarding Pay Was a Central Issue

Tue, 19 Aug 2025 18:16:27 CDT

The strike, which ended on Tuesday, focused attention on why many airlines don’t start paying flight attendants until the plane doors are shut.

Air Canada Strike Ends, but Flight Cancellations Continue. Here’s What Travelers Should Know.

Tue, 19 Aug 2025 18:16:24 CDT

The airline and its 10,000 flight attendants reached a tentative agreement, but cancellations will continue. Here’s what to know if your flight is affected.

Robinhood launches NFL and college football prediction markets

Tue, 19 Aug 2025 17:57:31 CDT

Robinhood announced Tuesday that it is launching prediction markets for professional and college-level football, its latest move into the sports betting arena.

TV Giant Nexstar Agrees to Acquire a Rival, Tegna, for $6.2 Billion

Tue, 19 Aug 2025 17:54:38 CDT

To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.

Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.

Tue, 19 Aug 2025 16:26:30 CDT

Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain.

The Race to Rescue PBS and NPR Stations

Tue, 19 Aug 2025 16:25:00 CDT

The Knight Foundation and other top organizations are aiming to provide $50 million to stabilize the stations most at risk from the recent federal government funding cuts.

Viking Therapeutics shares fall 40% on disappointing obesity pill trial data

Tue, 19 Aug 2025 15:45:23 CDT

The results could reinforce the dominance of Eli Lilly and Novo Nordisk in the booming market for weight loss and diabetes drugs.

Why Did Shari Redstone Give Up Control of Paramount?

Tue, 19 Aug 2025 15:24:25 CDT

The media mogul spoke at length for the first time about selling her family’s empire, Paramount’s settlement with President Trump — and getting her reputation battered along the way.

US pursuing stake in struggling chipmaker Intel, commerce secretary says

Tue, 19 Aug 2025 15:19:44 CDT

Trump administration looking to convert funding from Chips Act into equity in the semiconductor manufacturer The US government is pursuing a stake in Intel, the US commerce secretary said on Tuesday, confirming reports of discussions between officials and the company that have circulated for the better part of a week. The Trump administration wants to convert funding from the Chips and Science Act, which funds research and manufacturing of semiconductor chips in the US, into equity in the struggling tech company, according to Howard Lutnick. Continue reading...

Stocks making the biggest moves premarket: Intel, Palo Alto Networks, Best Buy and more

Tue, 19 Aug 2025 15:01:08 CDT

These are the stocks posting the largest moves in premarket trading.

How Keen Footwear Stays Ahead of Trump’s Shifting Tariffs

Tue, 19 Aug 2025 15:00:41 CDT

Keen Footwear has limited its exposure to supply chain trouble and opened a plant in Kentucky. But the trade upheaval has strained its adaptive strategy.

Foundations step in to offer $37 million lifeline to public media

Tue, 19 Aug 2025 14:52:53 CDT

The Knight, MacArthur, Ford and Robert Wood Johnson foundations, plus the Schmidt Family Foundation and the Melinda Gates-led group Pivotal Ventures, are contributors.

Best Buy launches third-party marketplace as it looks for sales drivers

Tue, 19 Aug 2025 14:04:32 CDT

It joins other retailers that are using third-party sellers to expand their assortment, drive higher profits and attract advertising dollars.

Air Canada flight attendants reach ‘tentative’ deal with airline to end strike

Tue, 19 Aug 2025 13:31:37 CDT

Strike over wages and ground work has cancelled travel for 500,000 people worldwide Air Canada flight attendants say they have reached a “tentative” deal with the airline to end a strike over wages and ground work that has cancelled travel for half a million people worldwide. Roughly 10,000 flight attendants walked off the job after midnight Saturday, insisting Air Canada had failed to address their demands for higher pay and compensation for unpaid ground work, including during boarding. Continue reading...

Trump May Further Redefine U.S. Capitalism With an Intel Move

Tue, 19 Aug 2025 12:34:02 CDT

The White House’s deliberations about taking a stake in Intel could upend the technology sector — and further redefine how Washington deals with business.

Soho House to Be Taken Private in $2.7 Billion Deal

Tue, 19 Aug 2025 12:19:22 CDT

Ashton Kutcher will join the board of the company, an operator of private clubs, which has faced criticism from investors over its business model.

Fake Labubu dolls pose choking hazard for children, U.S. warns

Tue, 19 Aug 2025 10:20:48 CDT

Is your Labubu actually a Lafufu? The U.S. Consumer Product Safety Commission says to count the teeth.

Vuori Signs Tennis Star Jack Draper as Global Brand Ambassador

Tue, 19 Aug 2025 09:01:25 CDT

The athleisure brand found the face of its move into big-time sports in Mr. Draper, a Top 5 player and fashion darling.

Trump budget officials claim sweeping spending power from Congress, records show

Tue, 19 Aug 2025 09:00:57 CDT

Russell Vought, the White House budget director and architect of Project 2025, would have vast authority to approve or block billions in federal spending, the records show.

A.I. Travel Tools Are Everywhere. Are They Any Good?

Tue, 19 Aug 2025 09:00:15 CDT

A.I.-powered tools can help you plan trips, squeeze value out of loyalty programs and translate languages. But don’t give up Google Flights just yet.

Japanese tech investment giant SoftBank to invest $2 billion in Intel

Tue, 19 Aug 2025 07:11:52 CDT

The U.S. chipmaker has struggled to keep pace in the AI market alongside competitors like Nvidia. Softbank has agreed to buy Intel common stock at $23 per share.

Air Canada Strike Leaves Stranded Passengers Frustrated and Angry

Tue, 19 Aug 2025 00:19:12 CDT

Many passengers are still struggling to find alternative transportation and are angry at the airline. “You feel like you’re at their mercy,” said one.

Newsmax Will Pay $67 Million to Settle Dominion Defamation Lawsuit

Mon, 18 Aug 2025 23:33:36 CDT

Dominion Voting Systems sued the right-wing cable channel for broadcasting false claims that the voting machine company had rigged votes in the 2020 presidential election.

California legislature passes bill that gives interest on insurance payouts to homeowners

Mon, 18 Aug 2025 22:11:19 CDT

The bill, which would apply to both existing insurance payouts and to any new escrow accounts, heads to Gov. Gavin Newsom's desk for his signature.

Oil and Gas Prices Are Falling, a Boon for Drivers, and Trump

Mon, 18 Aug 2025 20:06:48 CDT

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success.

Have You Been Unemployed for Six Months or More? We’d Like to Hear From You.

Mon, 18 Aug 2025 19:47:16 CDT

The long-term jobless rate recently hit its highest point in more than three years. Please tell us how this has affected you.

How retail accounting could distort profitability as tariffs take effect

Mon, 18 Aug 2025 19:38:31 CDT

As Home Depot, Target and Walmart prepare to report earnings, retail inventory method accounting could change how tariffs affect their profitability.

Stocks making the biggest moves midday: Meta Platforms, Duolingo, Target, Dayforce, TeraWulf and more

Mon, 18 Aug 2025 19:00:42 CDT

These are some of the stocks posting the largest moves midday.

Trump’s Tariffs Will Crush India’s Exporters, Threatening Livelihoods

Mon, 18 Aug 2025 18:13:39 CDT

New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.

MSNBC to Change Its Name to MS NOW

Mon, 18 Aug 2025 17:58:59 CDT

The cable news network is changing its name this year because a corporate spinoff is separating MSNBC from its cousin, NBC News.

'Job hugging' has replaced job-hopping, consultants say, as workers cling to current roles

Mon, 18 Aug 2025 17:31:17 CDT

Workers are clinging to their jobs as they sour on their prospects in the labor market.

Did You Recently Buy a Used E.V.? We Want to Hear From You.

Mon, 18 Aug 2025 17:26:27 CDT

The prices of used electric cars have fallen sharply in recent months, making them a more attractive option.

Stocks making the biggest moves premarket: Dayforce, Sunrun, Tesla, Novo Nordisk and more

Mon, 18 Aug 2025 16:36:29 CDT

These are the stocks posting the largest moves in premarket trading.

Environmental Groups Face ‘Generational’ Setbacks Under Trump

Mon, 18 Aug 2025 15:41:01 CDT

As President Trump dismantles the country’s efforts to fight climate change, environmental groups are back on their heels.

Novo Nordisk offers diabetes drug Ozempic for less than half the price for cash-paying U.S. patients

Mon, 18 Aug 2025 15:19:46 CDT

Patients can pay $499 in cash per month for three dose sizes of Ozempic through the company's direct-to-consumer pharmacy and GoodRx, among other platforms.

Madison Avenue Is Starting to Love A.I.

Mon, 18 Aug 2025 15:16:04 CDT

Advertisers are increasingly using generative artificial intelligence to make their commercials.

Versant to rename MSNBC, drop famed peacock logos in Comcast separation

Mon, 18 Aug 2025 14:28:42 CDT

They're the first real public-facing changes in Versant's upcoming separation from Comcast's NBCUniversal.

China's EV industry is spending more on factories abroad than at home for the first time

Mon, 18 Aug 2025 13:01:01 CDT

For the first time on record, the Chinese electric car supply chain last year invested more overseas than domestically, according to Rhodium Group.

When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses

Mon, 18 Aug 2025 12:27:56 CDT

Customers of the private markets startup Yieldstreet said they face huge losses on real estate investments that turned out to be far riskier than they thought.

The Bull and Bear Cases for Another Market Rally

Mon, 18 Aug 2025 12:21:58 CDT

Stocks are still flying high. But doubts are creeping in about the S&P 500’s run, as some analysts have flashbacks to valuations during the dotcom boom.

Trump is promising a US manufacturing renaissance. Many experts are dubious

Mon, 18 Aug 2025 09:00:30 CDT

Economists doubt US duties will bring about a resurgence of US factory jobs, notably due to Trump’s erratic tariff rollout Donald Trump’s hugely disruptive trade war is setting the stage for a manufacturing renaissance in the US, administration officials say. Outside the White House, many economists are skeptical. Global trade experts point to many reasons they believe the president’s tariffs will fail to bring about a major resurgence of manufacturing, among them: Trump’s erratic, constantly changing policies, his unfocused, across- the-board tariffs, and his replacing Joe Biden’s carrot-and-stick approach to brandish sticks at the world. Continue reading...

Swatch pulls ‘slanted eye’ ad after backlash in China

Mon, 18 Aug 2025 08:50:48 CDT

Calls for boycott after Swiss watchmaker becomes latest western brand accused of racist imagery The Swiss watchmaker Swatch has apologised and removed an advert featuring a model pulling the corners of his eyes, after the image prompted accusations of racism and calls for a boycott on Chinese social media. Internet users heavily criticised the “slanted eye” gesture made by the Asian male model as racist. Continue reading...

A New Way to Reduce Children’s Deaths: Cash

Mon, 18 Aug 2025 04:01:05 CDT

Simply giving money to poor families at certain times reduced deaths among young children by nearly half, a new study found.

$800 for a Credit Card? Why Your Premium Cards Will Cost More.

Sun, 17 Aug 2025 19:46:16 CDT

Credit card companies and airlines are in a race for customers who spend the most money — and that is making it harder for many other customers to score deals and perks.

Record salaries for UK chief executives as pay rises for third year in a row

Sun, 17 Aug 2025 19:00:37 CDT

Report finds more than £1bn handed out to just 217 FTSE 100 bosses in the last financial year The bosses of Britain’s largest listed companies took home record high pay packets for the third successive year, according to a report. Analysis found that the record set in the last financial year means the average FTSE 100 chief executive is now paid 122 times the salary of the average full-time UK worker. Continue reading...

Not in the cards: Why some suspect stable trade may not follow Trump's tariff deals

Sun, 17 Aug 2025 12:44:32 CDT

Many on Wall Street caution that turmoil surrounding trade between the U.S. and its major partners is far from over.

He Sold His Likeness. Now His Avatar Is Shilling Supplements on TikTok.

Sun, 17 Aug 2025 09:00:32 CDT

Welcome to a new era of commercial work fueled by generative artificial intelligence.

The C.E.O. of Duolingo Wants to Have a Conversation About A.I.

Sun, 17 Aug 2025 09:00:20 CDT

The language-learning app with more than 100 million users has embraced artificial intelligence but has also faced consumer backlash for it.

Priscilla Presley Locked in Feud With Former Business Partners

Sat, 16 Aug 2025 23:27:00 CDT

Elvis’s ex-wife has traded lawsuits in a financial dispute with former advisers that has grown ugly with an allegation that she prematurely “pulled the plug” on her late daughter, Lisa Marie.

C.E.O.s Want Their Companies to Adopt A.I. But Do They Get It Themselves?

Sat, 16 Aug 2025 19:48:23 CDT

Some are being nudged to learn how to use the nascent technology. Coming to the C-suite retreat: mandatory website-building exercises using A.I. tools.

Frank Savage, 87, Business Leader Entangled in Enron Scandal, Is Dead

Sat, 16 Aug 2025 13:03:54 CDT

He was one of the relatively few Black Americans to reach the upper echelons of global finance. He was also a competitive sailor.

New Texas Laws Open a Wild West for Corporate Governance

Sat, 16 Aug 2025 12:00:02 CDT

The state has handed big business a series of legislative wins as it races to woo corporations from Delaware, including a law that helped pave the way for Elon Musk’s big Tesla payday.

Air Canada’s Flight Attendants Begin Strike, Crippling the Airline

Sat, 16 Aug 2025 11:07:49 CDT

Ahead of the work stoppage, the airline said it had canceled most of the 700 flights that it directly operates, which carry about 130,000 people each day.

Hobbies Too Relaxing? Try ‘Leisure Crafting.’

Sat, 16 Aug 2025 09:01:23 CDT

Productivity and goal-setting should not be confined to work, some recreational enthusiasts say.

One Way Gen Z Finds Stress Relief? Overspending on Treats.

Sat, 16 Aug 2025 09:01:03 CDT

Any excuse is good enough for young adults to treat themselves, whether it’s failing an exam, getting a “job well done” from a boss or simply washing the dishes.

Trump’s cold brew: New York coffee shops warn of higher prices amid steep tariffs

Sat, 16 Aug 2025 09:00:58 CDT

As US cafes come under pressure, major coffee-producing countries like Brazil, Vietnam and Colombia are also bracing for disruption The Trump administration has targeted Brazil with steep US tariffs of 50%. Coffee shops in the heart of New York are bracing for impact. When the Trump administration announced another wave of sweeping tariffs, particularly on Brazil, Stone Street Cafe’s managing partner was first confused. Then came fear. A cafe already runs on slim margins and extra costs passed on from tariffs could risk everything. Continue reading...

MAHA Draft Report Brings Relief to Some, Chagrin to Others

Fri, 15 Aug 2025 22:36:45 CDT

A draft of an upcoming White House report on children’s health was not as harsh toward the agriculture industry as some of Robert F. Kennedy Jr.’s allies had hoped.

Fed Chair Faces Scrutiny — and Bats — at Major Policy Speech in Mountain Forum

Fri, 15 Aug 2025 18:03:03 CDT

A colony of bats recently took up residence at the storied Jackson Lake Lodge, where central bankers and economic policymakers will convene next week for an exclusive gathering.

Summer travel isn't as easy as it used to be for airlines

Fri, 15 Aug 2025 18:00:59 CDT

Airlines are seeing an earlier drop-off in summer travel as children return to school earlier.

Stocks making the biggest moves midday: UnitedHealth, Applied Materials, Sandisk and more

Fri, 15 Aug 2025 16:59:52 CDT

These are some of the stocks posting the largest midday moves.

Fed's Goolsbee sees 'note of unease' as central bank looks to next interest rate move

Fri, 15 Aug 2025 16:00:19 CDT

Goolsbee said a mixed bag of inflation data coupled with uncertainty over tariffs have given him pause about lowering rates.

Stocks making the biggest moves premarket: Intel, Target, UnitedHealth and more

Fri, 15 Aug 2025 15:44:15 CDT

These are some of the stocks posting the largest moves in premarket trading.

Who will Trump pick for Fed chair? Hear from all the candidates in their own words

Fri, 15 Aug 2025 14:55:51 CDT

President Trump's short list to replace Jerome Powell as Fed chair has turned into a long list of nearly a dozen possible candidates.

Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field

Fri, 15 Aug 2025 14:00:02 CDT

In six-week internships, athletes gain business experience, professional skills and career mentorship, while also learning the ins and outs of insurance.

At 23, she set out to modernize the spice trade. Now she’s navigating Trump’s tariffs

Fri, 15 Aug 2025 13:00:32 CDT

Sana Javeri Kadri built a successful spice company by sourcing directly from south Asian producers. But new tariffs threaten her business model In 2016, turmeric lattes were all the rage, but Sana Javeri Kadri thought the ones in San Francisco, where she lives, tasted nothing like the fresh spices she grew up with in India. A former line cook who was doing marketing for a Bay Area grocer, Javeri Kadri “knew [her] way around spices”, but was new to the industry. Still, she booked a ticket home to Mumbai, hoping that she could get richer flavors into US pantries. Continue reading...

AI is moving into the apartment market, taking over work orders, lease renewals, showings and more

Fri, 15 Aug 2025 12:00:01 CDT

Work orders, lease renewals, tours and even investor due diligence are being taken over by software and AI.

Family offices flock to private markets with allocations surging over 500% in nearly a decade

Fri, 15 Aug 2025 11:00:01 CDT

Private investment firms of the wealthy are doubling down on alternatives like private credit and infrastructure, per Preqin.

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more

Thu, 14 Aug 2025 21:17:35 CDT

These are some of the stocks posting the largest moves in extended-hours trading.

Tapestry shares plunge nearly 16% as Coach parent says tariffs will bite into profits

Thu, 14 Aug 2025 20:55:03 CDT

Tapestry said costs from higher duties will total $160 million for the full year and hit its profit outlook.

Ulta and Target will end deal for in-store beauty shops next year

Thu, 14 Aug 2025 20:52:57 CDT

Target had opened hundreds of mini Ulta beauty shops in its big-box stores.

Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more

Thu, 14 Aug 2025 16:44:54 CDT

These are the stocks posting the largest moves midday.

John Deere forecasts $600 million in tariff impacts this year

Thu, 14 Aug 2025 16:33:01 CDT

John Deere beat on the top and bottom lines Thursday but said that the company is taking a large hit from tariffs.

Eli Lilly hikes price of diabetes drug Mounjaro in UK as Trump pressures pharma to align drug costs

Thu, 14 Aug 2025 16:00:37 CDT

It comes as President Donald Trump pressures drugmakers to lower U.S. drug prices while hiking them abroad under a policy called "most favored nation."

Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more

Thu, 14 Aug 2025 15:16:42 CDT

These are some of the stocks posting the largest moves in premarket trading.

Paramount has become a 'playpen for momentum goons' riding UFC deal, short squeeze, says analyst

Thu, 14 Aug 2025 15:09:02 CDT

Momentum-driven retail traders piled into the stock on hype around UFC matches, creating a short squeeze, analyst said.

Stocks making the biggest moves after hours: Cisco, Ibotta, Coherent and more

Wed, 13 Aug 2025 21:52:57 CDT

These are the stocks posting the largest moves in extended trading.

Trump Warns of Economic Disaster if Court Strikes Down Tariffs

Wed, 13 Aug 2025 18:01:39 CDT

The president has crowed about the billions of dollars collected so far from tariffs. That money could be at risk if the White House loses the legal battle.

New York Attorney General James sues Zelle parent company, alleging it enabled fraud

Wed, 13 Aug 2025 17:57:16 CDT

New York Attorney General Letitia James sued the parent company of payments network Zelle, alleging it enabled fraud.

Trump Extends China Tariff Truce by Three Months

Wed, 13 Aug 2025 17:10:34 CDT

President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year.

Stocks making the biggest moves midday: Paramount Skydance, Cava, Capri, SailPoint and more

Wed, 13 Aug 2025 17:04:12 CDT

These are the stocks posting the largest moves midday.

Odds of Trump tapping David Zervos for Fed chief jump on Kalshi after CNBC report

Wed, 13 Aug 2025 16:48:41 CDT

Users on prediction market Kalshi are increasing their chances that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve Chair.

Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say

Wed, 13 Aug 2025 16:27:34 CDT

The size of the Fed Chair candidate list and the process described suggest a decision is not imminent and could take a considerable amount of time.

Stocks making the biggest moves premarket: Cava, CoreWeave, Brinker, Hanesbrands and more

Wed, 13 Aug 2025 15:20:50 CDT

These are the stocks posting the largest moves in premarket trading.

Use of AI could worsen racism and sexism in Australia, human rights commissioner warns

Wed, 13 Aug 2025 06:05:08 CDT

Labor divided on how to respond to the emerging technology as media and arts groups fear ‘rampant theft’ of intellectual property * Follow our Australia news live blog for latest updates * Get our breaking news email, free app or daily news podcast AI risks entrenching racism and sexism in Australia, the human rights commissioner has warned, amid internal Labor debate about how to respond to the emerging technology. Lorraine Finlay says the pursuit of productivity gains from AI should not come at the expense of discrimination if the technology is not properly regulated. Continue reading...

Car Companies Are Paying Tariffs So You Don’t Have To

Wed, 13 Aug 2025 02:27:42 CDT

But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.

Here’s the inflation breakdown for July 2025 — in one chart

Tue, 12 Aug 2025 18:57:55 CDT

The consumer price index rose 2.7% in July on an annual basis. There's some evidence tariffs are putting upward pressure on inflation, economists said.

Stocks making the biggest moves midday: Hanesbrands, Mercury Systems, Sonos, Intel and more

Tue, 12 Aug 2025 16:56:38 CDT

These are the stocks posting the largest moves midday.

BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September

Tue, 12 Aug 2025 16:43:04 CDT

"We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis points," Rick Rieder said.

Stephen Miran, Trump’s Temporary Pick at the Fed, Could Have a Lasting Effect

Tue, 12 Aug 2025 16:14:00 CDT

Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions around interest rates and who will become the institution’s next leader.

Trump Names EJ Antoni New BLS Commissioner

Tue, 12 Aug 2025 14:40:54 CDT

President Trump fired the Bureau of Labor Statistics chief earlier this month after a downbeat jobs report. The move has raised concerns about the credibility of economic data going forward.

Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs

Mon, 11 Aug 2025 09:02:27 CDT

Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves.

What Lobsters and Chickens Reveal About Europe’s Trade Strategy

Sat, 09 Aug 2025 04:01:07 CDT

The European Union struck a trade deal that protected political priorities, like chicken and beef standards, while allowing headline-grabbing concessions. Consider lobsters.

Trump Is Removing Billy Long as the I.R.S. Head 2 Months After He Was Confirmed

Sat, 09 Aug 2025 00:27:22 CDT

Billy Long, a former Republican congressman, will no longer serve as the tax agency’s head. Treasury Secretary Scott Bessent will oversee the agency as acting commissioner.

New Tariff on ‘Transshipped’ Goods Mystifies Importers

Fri, 08 Aug 2025 13:47:54 CDT

The Trump administration levied a hefty tariff on goods that are moved through other countries, but it has not yet fully explained its plans.

Staggering U.S. Tariffs Begin as Trump Widens Trade War

Thu, 07 Aug 2025 20:52:50 CDT

The duties, which the president announced last week, took effect for about 90 countries just after midnight.

Stocks End Mixed, as Investors Take Steeper Tariffs in Stride

Thu, 07 Aug 2025 20:28:23 CDT

The S&P 500 ended the day 0.1 percent lower, a muted move compared to the upheaval when tariffs were first announced in early April.

Some safe-haven assets have soared against the U.S. dollar.

Thu, 07 Aug 2025 20:19:47 CDT

Swiss Businesses Fear Trump’s 39% Tariff Will Create ‘Worst-Case Scenario’

Thu, 07 Aug 2025 18:48:29 CDT

Goods shipped from the country face a 39 percent tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.

Trump’s Tariffs Could Raise Prices on Many Consumer Goods

Thu, 07 Aug 2025 16:20:36 CDT

The tariffs are driving up prices on everyday goods as businesses warn they can no longer absorb costs, leaving consumers to foot the bill.

Effect of U.S. Tariffs on British Companies Is ‘Milder Than Feared,’ Central Bank Says

Thu, 07 Aug 2025 16:06:37 CDT

Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the central bank cut interest rates.

Southeast Asia Looks for Clarity From U.S. on ‘Rules of Origin’

Thu, 07 Aug 2025 11:00:55 CDT

Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines a locally made product.

Overturning the global trade system, Trump puts his ideas to the test.

Thu, 07 Aug 2025 07:04:15 CDT

China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs

Thu, 07 Aug 2025 04:35:14 CDT

China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.

Starbucks’ CEO made 6,666 times more than his workers in 2024

Thu, 24 Jul 2025 14:50:22 CDT

CEO pay climbs ahead of Trump tax windfall for wealthy, says report Starbucks’ CEO, Brian Niccol, made 6,666 times more than his average worker last year, according to a report on the growing gap between top executives and their workers. The inequality gap between CEOs’ pay and that of their median workers rose in 2024 to 285 to 1 from 268 to 1 in 2023, according to a report released this week by the largest federation of labor unions in the US, the AFL-CIO. Continue reading...

Stocks Sink in Broad AI Rout Sparked by China's DeepSeek

Mon, 27 Jan 2025 14:26:00 CST

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

Comex Gold, Silver Settle Lower

Mon, 27 Jan 2025 14:01:00 CST

Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.

DeepSeek Won't Sink U.S. AI Titans

Mon, 27 Jan 2025 13:12:00 CST

Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.

Financial Services Roundup: Market Talk

Mon, 27 Jan 2025 12:27:00 CST

Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.

Arabica Coffee Prices Hit Record on U.S., Colombia Tariff Spat

Mon, 27 Jan 2025 12:20:00 CST

Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.

Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe Havens

Mon, 27 Jan 2025 09:55:00 CST

The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.

Natural Gas Falls on Shifting Weather Forecasts

Mon, 27 Jan 2025 09:05:00 CST

U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.

Building-Products Distributor QXO Launches Hostile Bid for Beacon

Mon, 27 Jan 2025 08:28:00 CST

QXO is taking its offer directly to shareholders after being rebuffed on several occasions.

Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin Player

Mon, 27 Jan 2025 06:57:00 CST

Maverick Natural Resources has operations in Texas and Oklahoma.

What's New This Tax Season That Can Save You Money

Mon, 27 Jan 2025 05:30:00 CST

There are some new wrinkles, especially for those who sell things online or bought an EV.

Chinese Investors With Few Options Turn to Dividends

Mon, 27 Jan 2025 05:30:00 CST

Companies with good payouts are now the hottest bet in China markets.

U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen Upward

Mon, 27 Jan 2025 05:02:00 CST

The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.

Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says

Mon, 27 Jan 2025 04:46:00 CST

Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.

The Extra Reward for Owning Stocks Over Bonds Has Disappeared

Mon, 27 Jan 2025 01:05:00 CST

There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.

Heard on the Street's Stock-Picking Series

Sun, 26 Jan 2025 22:33:00 CST

Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.

What Will It Take for Home Buyers to Start Asking for a Disaster Discount?

Sun, 26 Jan 2025 06:00:00 CST

The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.

Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit Margins

Sun, 26 Jan 2025 05:30:00 CST

Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.

In China, a Cat-and-Mouse Game to Rein In Crypto

Sun, 26 Jan 2025 00:01:00 CST

Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.

One House, Three Owners: The Ballooning Cost of the American Dream

Sat, 25 Jan 2025 21:00:00 CST

The story of home affordability in the U.S. told from a single front porch.

Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

Sat, 25 Jan 2025 05:30:00 CST

The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Fri, 24 Jan 2025 15:37:00 CST

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Fri, 24 Jan 2025 15:13:00 CST

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Fri, 24 Jan 2025 14:15:00 CST

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Fri, 24 Jan 2025 13:51:00 CST

Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Fri, 24 Jan 2025 12:29:00 CST

Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Fri, 24 Jan 2025 12:28:00 CST

Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Novo Nordisk Shares Surge on New Obesity Drug Results

Fri, 24 Jan 2025 11:52:00 CST

Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Fri, 24 Jan 2025 10:55:00 CST

The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.

Google to Put Warnings on U.K. Businesses Using Fake Online Reviews

Fri, 24 Jan 2025 10:40:00 CST

The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.

Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business

Fri, 24 Jan 2025 09:07:00 CST

The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

Verizon Results Boosted by Higher Prices, Gain in Wireless Customers

Fri, 24 Jan 2025 09:05:00 CST

The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.

If You Need to Escape a Wildfire in an EV, Here Is What to Know

Fri, 24 Jan 2025 08:00:00 CST

Driving an electric car in a wildfire emergency has its own unique challenges and benefits.

CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks

Fri, 24 Jan 2025 06:11:00 CST

Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.

Tesla to Recall Cars in China on Safety Concerns

Fri, 24 Jan 2025 05:56:00 CST

Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.

Korea Zinc Shares Rally After Adopting New Investor Protection Rules

Fri, 24 Jan 2025 04:56:00 CST

Korea Zinc’s shares rose sharply a day after the world’s leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders’ rights.

Burberry Sees Positive Signs as Turnaround Plan Continues

Fri, 24 Jan 2025 04:31:00 CST

The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.

Rolls-Royce Strikes Contract to Supply Nuclear Reactors for U.K. Submarines

Fri, 24 Jan 2025 04:27:00 CST

Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

China's WeRide Wants to Build Global Robotaxi Empire

Fri, 24 Jan 2025 03:30:00 CST

The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.

‘It legitimizes us’: the minority businesses still fighting for recognition

Sun, 11 Aug 2024 11:00:12 CDT

Middle Eastern and north African business owners couldn’t get certified in the US – but a new wave of entrepreneurs is changing that Since the 1970s, many minority business owners have been able to certify their businesses through organizations like the National Minority Supplier Development Council (NMSDC) or the Small Business Administration (SBA). Until last July, one group of business owners was noticeably absent from the sea of certification options – those of Mena (Middle East and north Africa) heritage. Recognition as a minority business has its advantages. In the consumer goods sector, certified businesses let customers know who is making their simmer sauces or importing their coffee beans. But more crucially, especially for scrappy emerging brands, certifications can reduce the cost of doing business through diversity programs found in supermarkets and chains like Kroger or Target. Some Mena businesspeople say they feel the lack of recognition. Continue reading...

Financial bullying can ruin a marriage: first-person stories

Thu, 14 Aug 2014 11:00:02 CDT

When partners consider finances, when is it ‘my’ money, and when it is ‘our’ money? Guardian readers shared their experiences * Private lives: ‘I want to end my marriage but I’m financially dependent’ A survey of about 1,000 Americans found that one in 10 would describe their partner as a financial bully. Our readers, however, insist that that might be a label easily assigned to a partner who is simply being financially responsible. When we put out a call to out readers last week to see if any of them had similar experiences, we found that many of you wouldn’t define the actions described as financial bullying. Instead, quite a number of you insisted that keeping track of your partner’s expenses was simply budgeting and being financially responsible. Continue reading...