Business
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$994 Million Tariff Refund and Shopping Surge Fuel Target’s Upgraded Profit Outlook
A nearly $1 billion U.S. tariff refund combined with a customer traffic turnaround powered Target to its second consecutive quarter…
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Walmart Beats Profit Expectations But Shares Drop 6% on Weak Outlook and Cooling U.S. Growth
A surge in second-quarter profitability failed to protect Walmart stock from a 6% pre-market drop Thursday, as America’s largest retailer…
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Walmart Shares Slide 6% as Retailer Signals Sales Slowdown and Misses Full-Year Target
Wall Street responded swiftly to Walmart’s restrained full-year financial outlook Thursday morning, driving company shares down 6% ahead of the…
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Massive Seafood Spill Reeks Under Summer Heat After Truck Overturns in Rhode Island
A broad intersection in Narragansett was shut down for nearly eight hours Sunday after an overturned haul dumped tons of…
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Ex-Meta Executive Testifies Instagram Safety Was ‘Afterthought’ Driven by Engagement Metrics
Meta’s internal compensation structures rewarded employees for maximizing user engagement while ignoring minor safety, a former executive testified Wednesday in…
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Evergrande Founder Sentenced to Life as Fines Exceed $2.3B in $300B Fraud Case
Mercatus Center at George Mason University senior fellow Weifeng Zhong provides analysis regarding ongoing challenges at Tesla, Huawei and China’s…
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Bessent’s $4B Treasury Intervention Triggers Wall Street Skepticism Over $40T Debt Load
U.S. Treasury Secretary Scott Bessent announced plans to “at least double” government repurchases of long-dated bonds, including 10-, 20-, and…
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Heat Wave Reality Check: London Faces £36 Billion Annual Hit as Extreme Weather Threatens Infrastructure
City officials warned Thursday that London’s annual economic losses from severe heat could mount to £36 billion ($50 billion) by…
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