Author: Daniel snow
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike is expected to report poor quarterly results on Thursday after it warned investors that the low point of its turnaround could come in its fiscal fourth quarter.But since Nike issued that warning in March, conditions have worsened for the sneaker giant, leading some investors to question if the worst…
Beware forces that incentivize pessimism. Source link
Mortgage rates fell to a seven-week low this week, giving home buyers some reprieve from high borrowing costs, even as affordability remains strained. Source link
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | ReutersPresident Donald Trump now personally holds sweeping veto power over U.S. Steel’s decisions in key areas, according to an amended corporate charter filed with the Securities and Exchange Commission.U.S. Steel says Trump holds what the White House calls a “golden share” in the Pittsburgh-based company. The amended charter, however, does not reference future presidents. Instead, it says the veto power passes to the Treasury and Commerce Departments as representatives of the U.S. government after Trump leaves…
A potential “attempt to influence the Fed so directly” by announcing a successor to Jerome Powell well before his term expires “does not set well with investors,” notes one analyst. Source link
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025.Brendan McDermid | ReutersStablecoin issuer Circle resumed its rally on Thursday after a brief pullback this week.Shares were last higher by 8%, after losing about 15% earlier over the past two days amid heightened post-IPO volatility and as investors weigh speculation around crypto regulation and the upcoming Fed rate decision.With Circle still hot off…
The Senate parliamentarian said Thursday that several major planned cuts to Medicaid violate the chamber’s own rules and must be reworked or abandoned. Source link
US President Donald Trump gestures towards the new flagpole on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Saturday, June 21, 2025. Ron Sachs | Bloomberg | Getty ImagesPresident Donald Trump is set Thursday afternoon to host a group of working-class Americans at the White House, as he cranks up pressure on Senate Republicans to quickly pass his massive tax-and-spending agenda.The event in support of Trump’s “One Big, Beautiful Bill” will feature a collection of what his administration describes as “everyday Americans” poised to benefit from the legislation’s tax cuts and…
Teen employment in the U.S. has been declining for decades. Today, many working teens today come from higher-income families that encourage them to seek learning opportunities outside of the classroom. Source link
One of the biggest “savings” will come at the expense of 1.3 million Medicare beneficiaries. Source link