💵 Money

Copper Prices Soar to Record Highs After Trump's 50% Tariff Announcement
July 10 @ 5:03am ET  
U.S. copper prices hit record highs after President Trump's 50% tariff announcement on imports. This policy, effective August 1, aims to boost domestic production but may raise costs across industries.
Import Prices Drop, Challenging Tariff Inflation Concerns Under Trump
July 9 @ 1:01pm ET  
A new Council of Economic Advisers report shows import prices falling, challenging fears of tariff-driven inflation under President Trump. The data suggests tariffs may not be raising consumer costs as predicted.
Americans See Lower Inflation Ahead as Financial Optimism Grows
July 9 @ 7:00am ET  
Americans are more optimistic about finances and jobs as inflation expectations drop to a 5-month low of 3.0%, per the New York Fed survey. This shift signals growing confidence despite ongoing spending challenges.
Small Business Confidence Holds Firm Amid Hiring Struggles
July 9 @ 4:04am ET  
Small business optimism remains steady despite hiring struggles, with many owners facing labor shortages. The SBA's OBBB aims to create one million jobs and $750 billion in economic activity.
Amazon Prime Day 2025: Online Sales Projected to Hit $23.8 Billion
July 7 @ 6:05pm ET  
Amazon Prime Day 2025, running July 8-11, is set to generate $23.8 billion in US online sales, a 28.4% rise from last year. Retailers are leveraging deep discounts and AI tools to attract shoppers during this key event.
Wall Street Surge: Stock Rally Hits New Heights in July 2025
July 7 @ 12:01pm ET  
Wall Street's stock rally has soared to new heights in July 2025, with the S&P 500 and Nasdaq hitting record levels. Fueled by tech stocks and optimism, experts see room for growth despite some economic concerns.
Side Hustles Surge: Americans Grapple with Economic Strain in 2025
July 7 @ 7:02am ET  
Economic pressures are driving over 40% of Americans to take on side hustles in 2025, surveys show. This growing reliance on extra income highlights deeper issues of affordability and job stability.
FBI Reports 300% Surge in 'Ramp-and-Dump' Stock Fraud Targeting US Investors
July 7 @ 4:00am ET  
The FBI reports a 300% surge in 'ramp-and-dump' stock fraud complaints in 2025, targeting US investors. Scammers inflate stock prices via social media, leaving victims with huge losses.
UPS Driver Buyouts Spark Controversy Amid Massive Job Cuts
July 3 @ 8:03pm ET  
UPS has announced voluntary buyouts for drivers amid plans to cut 20,000 jobs, facing fierce opposition from the Teamsters union. The union calls the move illegal and vows to fight for its members' job security.
Trump Tariffs May Hit Midsize US Companies with $82 Billion Burden
July 3 @ 6:04pm ET  
Trump's tariffs could cost midsize US firms $82.3 billion, per JPMorganChase Institute. This burden hits hardest in retail and wholesale sectors reliant on imports.
Ford Issues Major Recall for Over 200,000 Vehicles Due to Camera Glitch
July 3 @ 12:06pm ET  
Ford Motor Co. recalls over 200,000 vehicles due to a rearview camera software defect that risks crashes. The company is addressing the issue after notifying U.S. highway safety regulators.
U.S. Dollar's Historic Slide in 2025: Trump Policies Under Scrutiny
July 2 @ 7:00pm ET  
The U.S. dollar has seen a historic 10% decline in 2025 under President Trump's policies. This unprecedented slide raises concerns about global market stability and future economic impacts.
Del Monte Foods Files for Chapter 11 Bankruptcy with $912.5M Financing
July 2 @ 2:06pm ET  
Del Monte Foods, a 138-year-old canned food icon, filed for Chapter 11 bankruptcy on July 2, seeking restructuring. The company secured $912.5 million in financing to support operations during a court-supervised sale process.
US Manufacturing Decline Persists into June with Fourth Month of Contraction
July 2 @ 12:03pm ET  
US manufacturing contracted for the fourth month in June, with the ISM index at 49. Key indicators like orders and employment declined, signaling ongoing economic challenges.
Lululemon Takes Costco to Court Over Alleged Athleisure Knockoffs
July 2 @ 4:09am ET  
Lululemon has sued Costco, alleging the retailer sells knockoff versions of its athleisure apparel. The lawsuit, filed on June 27 in California, highlights the growing issue of fashion 'dupes' in the industry.
Walmart Launches Kansas Beef Facility to Tackle Soaring Prices
July 1 @ 4:12pm ET  
Walmart has opened its first beef processing facility in Olathe, Kansas, creating over 600 jobs. This $257 million investment aims to combat rising beef prices by streamlining the supply chain.
US Job Openings Surge to 7.7 Million in May, Signaling Strong Labor Market
July 1 @ 1:00pm ET  
US job openings surged to 7.769 million in May, exceeding expectations with a rise of 374,000. This signals a strong labor market despite declines in federal government vacancies by 39,000.
US Stock Market Surges: Record Highs on June 30
July 1 @ 12:00pm ET  
US stock indexes hit record highs on June 30, with the S&P 500 up 0.5 percent and Nasdaq gaining 0.5 percent. The Dow rose 0.6 percent, reflecting strong market optimism amid trade talks.
U.S. Retail Sector Braces for Major Shifts in 2025 with Tech Investments
July 1 @ 7:00am ET  
U.S. retailers are set to invest heavily in tech to blend online and offline shopping in 2025. This shift, driven by consumer demand and market growth, aims to create seamless experiences.
Rising Non-Mortgage Debt: Americans Owe Nearly $19,000 on Average
June 30 @ 1:01pm ET  
Americans carry a median non-mortgage debt of nearly $19,000, with baby boomers holding the most credit card debt. This growing reliance on credit reflects economic pressures across generations.
Warren Buffett's Record $6 Billion Donation to Charities in 2025
June 30 @ 8:04am ET  
Warren Buffett donated a record $6 billion in Berkshire Hathaway stock to five foundations on June 28. This gift, his largest annual contribution, pushes his lifetime giving past $60 billion.
US Economy Contracts 0.5% in Q1 2025 Amid Tariff-Driven Import Surge
June 30 @ 7:00am ET  
The US economy shrank by 0.5% in Q1 2025 due to a 37.9% import surge ahead of tariffs and sluggish spending. This marks the first decline in three years, though some predict a Q2 rebound.
Major US Banks Ace Fed's 2025 Stress Test, Paving Way for Payouts
June 30 @ 4:19am ET  
All 22 major US banks passed the Federal Reserve's 2025 stress test, proving they can withstand a severe recession. This clears the path for increased shareholder payouts through dividends and buybacks.
US Stock Indexes Hold Near Record Highs on June 25 Amid Middle East Hopes
June 27 @ 4:07am ET  
US stock indexes held near record highs on June 25, with the S&P 500 at 6,092.16, just 0.8% below its peak. Hopes of a sustained Israel-Iran ceasefire bolstered markets by easing fears of oil supply disruptions.
Ford Motor Implements 4-Day Office Return for Salaried Staff by September
June 26 @ 8:06pm ET  
Ford Motor Company will require most salaried staff to return to the office four days a week starting September 1. This policy aims to boost performance and aligns with industry trends toward in-person work.
US Trade Deficit Surges in May Amid Export Decline, Census Data Shows
June 26 @ 2:34pm ET  
The US goods trade deficit widened to $96.6 billion in May, an 11.1% increase, due to a sharp export decline. The Census Bureau data raises concerns about Q2 GDP forecasts amid ongoing trade tensions.
IRS Workforce Slashed by 26 Percent Amid Federal Downsizing Efforts
June 25 @ 8:30pm ET  
The IRS has cut its workforce by 26 percent, dropping from 102,113 to 75,702 employees, as part of federal downsizing efforts. This raises concerns about tax filing disruptions and significant revenue losses.
FICO's New Credit Score Model Tracks Buy-Now-Pay-Later Loan Behavior
June 25 @ 7:00pm ET  
FICO's new credit score models now include buy-now-pay-later loan data to better assess consumer credit behavior. This change aims to enhance financial inclusion and provide lenders with deeper insights.
FTC Greenlights $13.5B Omnicom-IPG Merger with Political Ad Restrictions
June 25 @ 10:12am ET  
The FTC has approved a $13.5 billion merger between Omnicom and Interpublic, barring them from using 'exclusion lists' based on political content. This aims to address conservative concerns over bias in ad spending toward left-wing brands.
Fed Chair Powell's Capitol Hill Testimony: Tariffs and Rate Cuts in Focus
June 25 @ 10:06am ET  
Federal Reserve Chair Jerome Powell's Capitol Hill testimony highlighted concerns over President Trump's tariffs potentially raising inflation. He emphasized a cautious approach to rate cuts, awaiting further economic data.
US Consumer Confidence Drops in June, Signals Economic Concerns
June 24 @ 7:00pm ET  
US consumer confidence fell sharply in June to 93.0, down 5.4 points, signaling economic concerns. The Expectations Index at 69.0 raises fears of a potential recession.
Walmart and Target Launch Summer Sales to Rival Amazon Prime Day 2025
June 24 @ 4:14am ET  
Walmart and Target are launching major summer sales overlapping Amazon's Prime Day in July 2025. Their events, set for July 6-13, aim to attract budget-conscious shoppers with deep discounts.