Finance

Tariff Refund Portal Opens for U.S. Importers

Online system launches after Supreme Court ruling A national tariff refund system went live at 8 a.m. Monday, allowing eligible businesses to seek reimbursement for tariffs deemed illegal by the...

Study Links Teen Cannabis Use to Slower Cognitive Growth

Large U.S. brain study tracks 11,000 adolescents Researchers at the University of California San Diego School of Medicine report...

Tornado Hits Rivian Plant Ahead of R2 Launch

EF-1 storm damages Normal, Illinois facility Rivian confirmed that its manufacturing complex in Normal, Illinois was struck by an...

Ukraine’s Robots Are Rewriting Warfare

Surrender to machines, not soldiers The image is timeless: enemy troops raising their hands in surrender. But on a...

Red Hair Gene Shows 10,000 Years of Selection

Evolution still shaping modern humans A sweeping genetics study suggests that human evolution has not slowed in recent millennia....
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Stocks Mixed as Fed Holds Rates, Big Tech Gains

Markets React to Fed Decision and Q2 Economic Data U.S. stocks closed with mixed results on Wednesday after the Federal Reserve decided to leave interest...

Trump Tariffs May Add $20K to U.S. Homebuilding Costs

Canadian imports at the heart of housing cost surge New data from the Canadian Chamber of Commerce reveals a potential blow to U.S. housing affordability:...

Big U.S. Banks Post Strong Q2 Despite Market Volatility

Trading Revenues Surge as Volatility Drives Activity Despite elevated interest rates and persistent trade tensions, the five largest U.S. banks posted strong second-quarter results, driven...

Fed Renovation Costs Spark Trump Criticism, Powell Probe

Powell Requests Inspector General Review of $2.5B Project Federal Reserve Chair Jerome Powell has formally asked the central bank’s independent inspector general to review the...

India Cracks Down on Derivatives Manipulation

SEBI intensifies surveillance after Jane Street ban India’s markets regulator is tightening oversight of derivatives trading following allegations of manipulation involving U.S.-based trading firm Jane...

May Inflation Stays Mild, Boosts Rate Cut Hopes

Core PCE rises to 2.7% as spending and income decline U.S. inflation remained subdued in May, with the personal consumption expenditures (PCE) price index—the Federal...