Business

As tariff revenues surge, the White House is bracing for a Supreme Court ruling that could shape the future of President Donald Trump's trade agenda.Tariff revenues climbed to a new high of $34.2 billion in October, raising the stakes as the Supreme Court considers whether the president can continue imposing broad duties without congressional approval.TRUMP TARIFFS HAUL OVER $200B IN REVENUES AS SUPREME COURT WEIGHS CHALLENGE TO LEGALITYTotal duty revenue […]

Treasury Secretary Scott Bessent has wrapped up interviews this week for the top spot at the Federal Reserve.Bessent, who has been interviewing candidates since Labor Day, has previously said that he wants to "see people who are forward-looking, not backward-looking on regulation," get the Fed chair job.The shortlist of five candidates will now head to President Donald Trump's desk for review and selection.PREDICTION MARKET TRADERS BET 'THE KEVINS' ARE TRUMP’S […]

Investors traditionally target emerging markets for higher growth opportunities, and China falls into that bucket.However, investing in China has always carried risks as the country remains clouded in secrecy, plagued with human rights issues and less transparent with capital markets.Now, with President Donald Trump in the White House, the relationship between the world’s two largest economies has become even dicier as the two trade barbs on tariffs and rare earth […]

HP announced Tuesday that it plans to cut between 4,000 and 6,000 employees by the end of 2028 as part of its push to adopt artificial intelligence.The potential layoffs at the Palo Alto, California-based company could represent up to 10% of its workforce, according to Stock Analysis.Reuters reported that shares of the PC and printer maker fell 5.5% in extended trading following the news.The job cuts are part of a […]

Consumer confidence fell more than expected in November and hit the lowest level since this spring, according to the latest data from The Conference Board.The Conference Board reported that its consumer confidence index declined to 88.7 in November from an upwardly revised 95.5 reading in October. That was well below the 93.4 reading that economists polled by LSEG projected for November, and reached the lowest level since April."Consumers' write-in responses pertaining […]

The affordability gap between buying newly constructed homes and existing homes declined in the third quarter as builders look to capitalize on the uptick in demand with incentives.The price per square foot for a new-construction home is lower than the price for an existing home in the South and West in particular, according to Realtor.com's third quarter report on new construction. Both the South and West have more supply of new construction […]

Those looking for relief from a cold or the flu may want to check their bottle of nasal spray before using it.The Food and Drug Administration (FDA) announced a recall affecting 41,328 bottles of Walgreens nasal spray over concerns they may be contaminated with pseudomonas lactis, a bacterium found in raw milk. The specific spray affected by the recall is the 1.5-oz (45mL) bottle of Walgreens Saline Nasal Spray with […]

Dick’s Sporting Goods is set to close a number of underperforming Foot Locker stores as it continues to review its business and position it for sustained growth. "At Foot Locker, we've assembled a world-class management team and are taking decisive actions to ‘clean out the garage’ by clearing unproductive inventory, closing underperforming stores and laying the foundation for a fresh start in 2026," Dick's Sporting Goods Executive Chairman Ed Stack said […]

Richard Branson announced on Tuesday that Joan Templeman, his wife of 50 years, has died. She was 80 years old.Branson shared the news on his Instagram account, writing that he was "heartbroken.""She was my best friend, my rock, my guiding light, my world," he wrote.The billionaire entrepreneur, who founded the Virgin Group, added that Joan was "the most wonderful mum and grandmum our kids and grandkids could have ever wished for."JOAN […]