Fed Cuts Rates for First Time in 2025
The Federal Reserve reduced its benchmark interest rate on Wednesday for the first time in nine months, lowering it by a quarter point to...
Labor Department Revises Job Growth Sharply Lower
Largest Downward Revision Since 2002
The U.S. labor market created far fewer jobs than initially reported, according to a Bureau of Labor Statistics (BLS) revision...
American Eagle Beats Expectations in Q2 2025
Revenue Performance
American Eagle Outfitters (AEO) reported $1.28 billion in net revenue for the second quarter ended 2 August 2025, a 1% decline year-over-year. Despite...
Trump Eyes Tariffs on Imported Pharmaceuticals
President Donald Trump is preparing to impose steep tariffs on pharmaceuticals, a category that has long entered the United States duty-free. The proposal, which...
Home Purchase Cancellations Hit Record July High
Home purchase cancellations in the U.S. reached their highest July level on record, with 15.3% of deals falling through, according to Redfin. Roughly 58,000...
Walmart Warns of Rising Tariff Costs
Walmart says it has been able to manage tariff-related expenses so far, but those costs are increasing weekly and are expected to persist through...