Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals
Target plans to add another 20 more cities for next-day delivery by next year, the company said.
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Retail sales jump from July to August at better-than-expected pace
So far, shoppers haven’t felt the big sting that some economists predicted earlier in the year as many retailers ordered goods ahead of tariffs.
Fed faces economic uncertainty, political pressure as it decides whether to cut rates
At this week’s Federal Reserve meeting, the decision it will make on interest rates—usually the main event—is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday.
Prices for the popular powdered tea matcha soar due to global demand
Global demand for the powdered tea has skyrocketed. In the U.S., retail sales of matcha are up 86% from three years ago, according to NIQ, a market research firm.
Trump says US should do away with quarterly earnings reports
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
Deal reached on TikTok ownership, Treasury chief says
Treasury Secretary Scott Bessent said President Donald Trump and Chinese Premier Xi Jinping would speak on Friday to possibly finalize the deal.
Electric grids under pressure from energy-hungry data centers changing strategy
With the explosive growth of Big Tech’s data centers threatening to overload U.S. electricity grids, policymakers are taking a hard look at a tough-love solution: bumping the energy-hungry centers off grids during power emergencies.
Brittany Force, ‘Queen of Speed,’ to retire after record-breaking season
Force set the new NHRA Top Fuel world speed record last weekend at the U.S. Nationals in Indianapolis. Now she’s ready to focus on starting a family.
Suspect in Charlie Kirk assassination expressed opposition to conservative activist’s views
The suspect is believed to have acted alone, and an investigation is ongoing. He was arrested on suspicion of capital murder, weapons and obstruction offenses.
Appeals court allows Trump administration to block Medicaid funds to Planned Parenthood
Planned Parenthood said Thursday’s ruling means that more than 1.1 million patients can’t use their Medicaid insurance at its health centers.
Judge issues nationwide block on policy that cuts off Head Start for people in US illegally
The change was part of a broader Trump administration effort to exclude people without legal status from accessing social services by making changes to federal eligibility rules.
Wall Street’s record-setting run keeps motoring on expectations for easier interest rates
The S&P 500 rose 0.8% on Thursday and was on track to set an all-time high for a third straight day. The Dow Jones Industrial Average and the Nasdaq composite were also heading toward records.
Average rate on a 30-year mortgage falls to lowest level in nearly a year
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Trump takes one step back, another forward in his attempt to reshape the Fed
Here are where things stand regarding Trump, the Federal Reserve, and its traditional independence.
Inflation worsened last month, putting Fed in difficult spot as job market slows
The reading is the last the Federal Reserve will receive before its two-day meeting that begins Tuesday, where policymakers are widely expected to cut their short-term rate.
Trump’s plan for drug advertising crackdown faces many hurdles
President Donald Trump signed a memo Tuesday that directs the FDA and other agencies to step up enforcement against ubiquitous prescription drug ads on TV, websites and social media.
Democratic senator warns colleagues of ‘distorted system’ if college sports bill passes
The bill would provide limited antitrust exemption for the NCAA, override state laws governing paying players in favor of one national statute and remove the possibility of athletes being considered employees of their schools.
NCAA bans 3 college basketball players for betting on their own games
The Indianapolis-based NCAA said the three Division I players bet on one another’s games and/or provided information that enabled others to do so during the 2024-25 regular season. Two of them manipulated their performances to ensure certain bets were won.
Lilly rival Novo Nordisk, maker of obesity drug Wegovy, to cut 9,000 jobs
The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational complexity and speed up decision-making as the company faces a more competitive market for obesity drugs.
United States supply chain prices unexpectedly fell in August
The drop in producer prices makes it even more likely that the Federal Reserve will cut its benchmark interest rate next week for the first time this year.