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Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.
The CFPB ended its probe into Credova, a buy now, pay later firm tied to Donald Trump Jr., calling the investigation politically motivated.
Canada will match US tariff exemptions under USMCA trade pact, Prime Minister Carney says
Canada will drop retaliatory tariffs to match U.S. USMCA exemptions, a move Prime Minister Mark Carney says aims to reset trade talks.
Powell signals Fed may cut rates soon even as inflation risks remain
Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.
Walmart helps pull Wall Street to its 5th straight loss
Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest, but it has not risen since setting an all-time high last Thursday. The Dow Jones Industrial Average dropped 152 poin[...]
Trump administration is reviewing all 55 million foreigners with US visas in growing crackdown
WASHINGTON (AP) — The Trump administration said Thursday that it is reviewing more than 55 million people who have valid U.S. visas for any violations that could lead to deportation, marking a growing crackdown on foreigners who are even permitted to be in the United States. In a written answer to a question from The Associa[...]
Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target
NEW YORK (AP) — Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer reported a 4.6% quarterly increase in comparable sales �[...]
US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]
Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud
President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.
Trump administration eyes 10% stake in Intel amid US chip push
The Trump administration is negotiating a 10% stake in Intel by converting CHIPS Act grants. The move deepens U.S. government involvement in semiconductors as Trump pressures chipmakers to boost domestic production.
Lowe’s to buy Foundation Building Materials for $8.8 billion
Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.
Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a r[...]
