Others likely to follow Caterpillar’s tariff-cost warning as prices rise
Raymond James analyst Tim Thein cut his earnings targets for Caterpillar after the bulldozer maker bumped up its cost estimates for tariffs.
‘De minimis’ exemption ends globally
The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now, […]
Americans expected to bet record $30 billion legally
The college football season has kicked off, and the NFL’s regular season begins next week, which means sportsbooks are getting ready for the biggest opportunity of the year to sign up new customers and grow the wagering pot. Americans are expected to wager a record $30 billion this NFL season through legal gambling, an 8.5% […]
Key U.S. inflation gauge creeps higher, but not high enough to stave off Fed interest-rate cut
A key measure of inflation rose in July at a rate that suggests persistent price pressures tied to higher U.S. tariffs, but the increase probably wasn’t big enough to dissuade the Federal Reserve from cutting interest rates next month.
Trophy-property ranches hit the market as more heirs chose to sell
Owned by the same family for more than 116 years, Reynolds Ranch is now on the market for $30.7 million. Courtesy of California Outdoor Properties For more than 116 years, Deanna Davis’ family has owned Reynolds Ranch, spanning 7,600 acres in California’s Central Coast region. With the heirs in disagreement over the homestead’s future, Reynolds […]
Trump’s push for lower interest rates is on a collision course with government bonds
Bond investors are taking a “wait-and-see” approach to President Donald Trump’s attempt to fire Federal Reserve governor Lisa Cook.
The vaccine and public health debate explained
The exterior of the Center for Disease Control and Prevention (CDC) main campus in Atlanta, Georgia, U.S., Aug. 27, 2025. Alyssa Pointer | Reuters The Centers for Disease Control and Prevention is facing a leadership upheaval — and at the center of the shakeup is concern about the agency’s approach to vaccines and U.S. public […]
Lisa Cook’s Trump lawsuit opens new chapter in showdown over Fed independence
Federal Reserve governor Lisa Cook on Thursday sued President Donald Trump after he moved to fire her over accusations of mortgage fraud, opening a new chapter in a showdown over the independence of the U.S. central bank.
Ulta Beauty (ULTA) earnings Q2 2025
Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s […]
White House says Trump has fired CDC Director Susan Monarez
Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), arrives to testify for her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC. Kayla Bartkowski | Getty Images The […]
