Economy

Trump-affiliated companies distance themselves from Trump-IRS deal amid probe

Trump-affiliated companies distance themselves from Trump-IRS deal amid probe

After Obamacare Cuts, Hospitals Are Treating More Uninsured Patients

The Affordable Care Act (Obamacare) has reduced the number of people with health insurance. As a result, hospitals are treating more patients who do not have insurance. This is causing financial problems for hospitals because many patients cannot pay for their medical care.

Samsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand

Samsung Electronics reported record operating profit of $62 billion for Q2 2024, beating estimates due to soaring AI chip demand. The profit came from strong memory chip sales driven by AI boom. Shares haven't risen despite profits due to investor skepticism about AI spending longevity and cheap Chinese chips.

India's inflation accelerates to 4.38% in June, exceeding forecasts

India's inflation rate went up to 4.38% in June. This is the eighth month in a row that prices have risen. The increase is due to higher food and energy prices.

Federal Reserve Board issues enforcement actions with former employee of Atlantic Union Bank and former employee of Frost Bank

The Federal Reserve Board took enforcement actions against several people and banks. It punished former employees of Atlantic Union Bank and Frost Bank, and an employee of Bank of Eufaula and S N B Bancshares. It also acted against TS Banking Group, TS Contrarian Bancshares, and Small Business Bank. The Fed ended some enforcement actions against BNP Paribas units and Community Bankshares, and punished a former employee of Manufacturers and Traders Trust Company.

Investors are rotating into financial stocks. The Fed’s next move could determine how far the rally runs.

Investors are moving money into bank and financial company stocks. These stocks have done well this month and are near record highs. Some analysts say the rally could continue if the Federal Reserve keeps interest rates steady or cuts them. Others warn that the Fed's next decision could stop the gains.

U.S. Treasury intervenes to support yen after Japan steps in, FT reports

The U.S. Treasury bought Japanese yen to help its value. Japan also acted to support the yen. This is the first time the two countries have done such a joint action in over ten years. The yen had fallen close to its lowest level in 40 years.

Ariana Grande files lawsuit alleging hackers stole her unreleased music

Ariana Grande files lawsuit alleging hackers stole her unreleased music

Federal Reserve weighs interest rate increase amid inflation, oil price whiplash

The Federal Reserve is discussing whether to raise interest rates because inflation remains high and oil prices are swinging wildly. Some officials think rates should stay the same for now, while others say a rate increase is needed to control inflation. The Fed said inflation is elevated, partly due to supply shocks and higher energy costs.

Here are Tuesday's biggest analyst calls: SpaceX, Apple, Tesla, Berkshire Hathaway, Amazon, CrowdStrike & more

Here are Tuesday's biggest analyst calls: SpaceX, Apple, Tesla, Berkshire Hathaway, Amazon, CrowdStrike & more

Stocks making the biggest moves after hours: Ford, Teradyne, Visa, KLA Corp and more

Stocks making the biggest moves after hours: Ford, Teradyne, Visa, KLA Corp and more

LeBron James took a pay cut to maybe live in New York and commute to Philly by chopper, risking double taxation as NYC also tries to ban helicopters

LeBron James took a pay cut to maybe live in New York and commute to Philly by chopper, risking double taxation as NYC also tries to ban helicopters

Oil prices decline further after Trump claims ‘deep talks’ are underway with Iran

Oil prices decline further after Trump claims ‘deep talks’ are underway with Iran

Homebuyers chase the American Dream

Many young Americans want to buy a home but find it too expensive. Low housing supply, high mortgage rates, and slow wage growth make buying hard. Some see themselves as permanent renters. A Midwestern city is trying to attract out‑of‑state buyers with a special program.

More Young College Graduates Are Living At Home. Is That a Bad Thing?

Tommy Balmat graduated from the University of California, Santa Cruz. After graduation, he moved back into his childhood home. He is one of many young college graduates who now live with their parents. Experts say rising housing costs and student debt make this trend more common.

Walmart has back-to-school must-haves on sale for up to 55% off

Walmart is offering discounts on back-to-school items. Shoppers can save up to 55 percent on supplies, clothing, and electronics. The sale is available in stores and online. Everything needed for the new school year can be found there.

The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too

{"Peter Thiel rented office space in the 830 Brickell tower in Miami.","He paid a record‑high rent for that space, setting a new Miami record.","The space will be used for his family office, which manages his family’s money.","This shows that more ultra‑rich people are moving to Miami and want their money managers nearby."}

Oil prices drop more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes

Oil prices drop more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes

The U.S. wants Asia to use its AI — but China dominates cheaper models

The U.S. wants Asia to use its AI — but China dominates cheaper models

Stocks making the biggest moves midday: ASML, SK Hynix, SAP, Forte Bio, Brown-Forman & more

Stocks making the biggest moves midday: ASML, SK Hynix, SAP, Forte Bio, Brown-Forman & more

Can Mamdani plan for city-owned stores deliver cheap food for New Yorkers?

New York officials are considering a plan to open city‑owned grocery stores to lower food prices. Food costs have risen sharply, prompting the idea. Some small store owners worry the city stores will compete unfairly with them. They also say the city already gives tax breaks to big chains that hurt independent shops.

Trump is determined to pursue his trade war – and he may be difficult to stop

President Trump wants to continue his trade war with other countries. After a court blocked his use of the International Economic Emergency Powers Act (IEEPA) to impose tariffs, his team is searching other laws. They are looking at the old Smoot-Hawley law to justify new tariffs. If they succeed, Trump could place tariffs on goods coming into the US from any country.

For most US small businesses, Trump’s tariffs aren’t the big issue they were

President Trump announced a new round of tariffs on certain imports, citing forced labor and excess capacity as reasons. He used sections of various trade laws to impose the duties. Most US small businesses say these tariffs are not a major problem for them this time, describing the reaction as a 'snoozefest'.

Zuckerberg lays out Meta's AI capacity dilemma: What to sell vs. what to keep

Chinese EV makers are outpacing U.S. automakers in overseas investments

Companies from China are spending more money in other countries. They are doing this faster than car companies from the USA. The reason is that there are too many electric cars already sold inside China. So, they need to sell their cars outside of China now.

SEC Small Business Advisory Committee to Explore Modernizing Market Access

The SEC's Small Business Capital Formation Advisory Committee said it will meet on July 21, 2026 to discuss how to make it easier for small companies to join the stock market. At the same meeting, the committee will look for ways to encourage more IPOs. The SEC also announced five new members who will join this committee for four-year terms. Separately, the SEC's Investor Advisory Committee will hold a public meeting on June 4, 2026 to talk about private markets and index funds. The SEC added fo

Escalating US-Iran tensions push oil prices higher

Tensions between the United States and Iran rose again. This caused oil prices to go up on Wednesday. Brent crude traded near $91 a barrel. US West Texas Intermediate rose to about $85 a barrel.

Apple ends day as world's most valuable company, passing Nvidia

Apple ends day as world's most valuable company, passing Nvidia

REI has a secret outlet with up to 70% off summer outdoor gear

REI opened a hidden outlet store. It offers discounts up to 70 percent on summer outdoor gear. Brands such as CamelBak and Saucony are included. The sale is for a limited time.

Big Tech Turmoil Clouds the A.I. Earnings Picture

Big Tech Turmoil Clouds the A.I. Earnings Picture

How a bridge became a symbol of US-Canada tensions

How a bridge became a symbol of US-Canada tensions

Dow closes down over 1,000 points as Fed leaves rates unchanged

The Dow Jones Industrial Average fell sharply on Wednesday. It closed 1,153.18 points down. This was the worst decline since April 2025. The Federal Reserve decided to keep interest rates the same.

S&P 500 profit growth is getting even wilder as Amazon makes its mark

Amazon reported very high profit growth. This growth comes from paper gains on its investment in Anthropic, an AI company. The S&P 500's overall profit growth is now even stronger because of Amazon's results. Other big tech firms also showed large earnings gains.

Starbucks stock jumps as coffee giant raises full-year outlook

Stocks making the biggest moves premarket: Coca-Cola, Sherwin-Williams, Johnson & Johnson & more

Stocks making the biggest moves premarket: Coca-Cola, Sherwin-Williams, Johnson & Johnson & more

States expand student loan options as new federal borrowing caps take effect — but they come with trade-offs

Some states have started their own student loan programs. This happened because the federal government put new limits on how much students can borrow. Connecticut, Minnesota and Rhode Island are among the states that expanded their loan options. These state programs aim to help students, but they may have different rules or costs.

Boeing Reports Loss on $280 Million Hit on Troubled Air Force One Program

Boeing Reports Loss on $280 Million Hit on Troubled Air Force One Program

Jersey Mike's is about to go public. One analyst already says the sandwich chain is a buy

Jersey Mike's, a sandwich chain, is preparing to sell shares to the public. The company set the IPO price at $23 per share. Melius Research, a Wall Street firm, started covering the stock and gave it a 'buy' rating.

Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk

The Bank of England kept its main interest rate at 3.75 percent. This is the fifth time this year the rate has stayed unchanged. Policymakers warn that inflation could rise again in the future. Inflation fell more than expected last month, giving them time to watch the impact of fighting in Iran.