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News
US holiday spending is on track for a major milestone
3+ day, 14+ hour ago (323+ words) Americans’ holiday spending looks set to hit a record milestone this year despite an ongoing cost-of-living crisis. Holiday sales will surpass $1 trillion for the first time, according to a 2026 holiday shopping outlook by management consulting firm Bain & Company last week....
Bitcoin Is Heading For Its Third Straight Winning Week. A Strong Jobs Report Complicated The Rally.
1+ week, 1+ day ago (393+ words) Bitcoin was on course for a third consecutive weekly gain Friday after climbing above $82,000 overnight, extending a rebound that began when the cryptocurrency broke out of the $60,000-to-$70,000 range that had held for much of the summer. The world's largest…...
Bessent Wants a Global Response to China's Export Boom, Tells G20 Countries to Reconsider Terms of Trade
1+ week, 5+ day ago (354+ words) U.S. Treasury Secretary Scott Bessent is urging the world's largest economies to reconsider their trade relationships with China, arguing that Beijing's large export surplus has become unsustainable and may require additional trade barriers from countries beyond the United States. Speaking to…...
Florida Accuses Two of the Nation's Largest Prescription Middlemen of Colluding to Underpay the Pharmacies Filling Prescriptions
1+ week, 6+ day ago (912+ words) Florida's attorney general filed an antitrust lawsuit on August 27, accusing Express Scripts and Prime Therapeutics, two of the country's largest pharmacy benefit managers, of entering an illegal price-fixing agreement that cut what independent pharmacies are paid to fill prescriptions. The…...
US border reopens to Mexican cattle despite screwworm concerns
2+ week, 5+ day ago (182+ words) inkl US border reopens to Mexican cattle despite screwworm concerns - A border crossing in Douglas, Arizona, has reopened to Mexican livestock as part of President Donald Trump 's strategy to address record-high US beef prices following a ban prompted by…...
Walmart Fell 9%. I’m Not Sure This Is Just a Walmart Problem
2+ week, 6+ day ago (382+ words) Walmart fell more than 9% after reporting its slowest comparable-sales growth in six years. U.S. comparable sales rose 2.6%, below the 3.8% Wall Street expected, and the stock lost more than $80 billion of market value in a day. That looks like a (WMT) story....
Mohamed El-Erian Warns US Treasury's Bond Buyback Is Just a 'Band-Aid,' Not a Fix For a $40 Trillion Debt Problem
3+ week, 3+ day ago (476+ words) Economist Mohamed El-Erian said the U.S. Treasury Department’s surprise move to double its bond buybacks this week is a short-term fix that does nothing to address the root causes of soaring long-term interest rates and the federal government’s mounting debt and…...
Japan reports record exports and imports for July as energy costs climb
3+ week, 3+ day ago (369+ words) Japan’s imports and exports set records in July and soaring energy costs and a weak yen helped extend a trade deficit for a third month, government data showed. Japan's trade deficit totaled 634.5 billion yen ($4 billion) last month, marking the third…...
The Treasury Will More Than Double Its Government Debt Repurchases. Stocks Edged Up.
3+ week, 3+ day ago (392+ words) Stocks edged up on Wednesday after the Treasury Department said it will increase buyback options for longer-term bonds. The S&P 500 climbed 0.22%, while the Dow Jones Industrial Average did so 0.22%. The tech-heavy Nasdaq Composite gained 0.16%. Yields on longer-term U.S. debt declined…...
Trump Pauses 50% Canada Tariffs Just Hours Before They Hit — Says US and Canada ‘Have a DEAL’ Pending Final Paperwork With Mark Carney (UPDATED)
3+ week, 4+ day ago (457+ words) Editor’s Note: The story has been refreshed with the latest market price action and a revised headline. President Donald Trump late Tuesday paused 50% tariffs on about $20 billion of Canadian imports for three days, less than two hours before they were…...