High tariffs drive China imports down to a 16-year low. But U.S. trade deficits are still as big as ever.
High tariffs on China-made products drove U.S. imports from the world’s second-largest economy to a 16-year low in June — yet the dramatic shift hasn’t put a big dent in America’s overall trade deficit.
CEO training ground for the restaurant industry
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty Images Looking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands. The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has […]
Rivian expects deeper loss this year, amid ‘significant uncertainty’ over trade and EV policy
Shares of Rivian Automotive Inc. fell after hours on Tuesday after the electric-vehicle maker forecast a bigger loss for this year, amid what it called “significant uncertainty” about the economy and EV-related policy.
Trump says JPMorgan Chase, Bank of America rejected him as a customer
President Donald Trump said Tuesday that the two largest American banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts. Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to […]
Pfizer boosts profit estimate, even as the drug giant absorbs tariffs
Pfizer Inc.’s stock was rallying Tuesday after the drug giant lifted its 2025 adjusted profit estimate, on the heels of a 10% jump in second-quarter revenue on strength in its Vyndaqel heart medication and its COVID-19 drugs.
Yum Brands (YUM) Q2 2025 earnings
Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines. Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.44 adjusted vs. $1.46 expected Revenue: […]
Alaska Airlines to launch London, Iceland flights, debut new livery
A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners. Source: Alaska Airlines: Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year. Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 […]
Chelsea Handler talks about her boozy lemonade, the meaning of turning 50 and why real-estate is the best investment
The stand-up comedian has had a busy year, with a new book and Netflix special
Parents are draining money from retirement accounts and home equity to pay for college. They should do this for their kids instead.
Sallie Mae says the average amount taken out in home-equity loans, retirement withdrawals and credit cards all jumped in 2025.
Denny’s offers mixed views on restaurant industry, as bigger rivals prepare to report earnings this week
As more big restaurant chains prepare to report quarterly results this week, casual-dining chain Denny’s Corp.’s diagnosis of U.S. diners wasn’t great, as customers try to sniff out more discounts.
