💵 Money

Trump Explores Privatizing Fannie Mae and Freddie Mac in Bold Move
May 22 @ 2:07pm ET  
President Trump is considering privatizing Fannie Mae and Freddie Mac, major mortgage entities under federal control since 2008. This move could reshape the U.S. housing market, with consultations ongoing among Cabinet members.
Target's Sales Plummet as Tariffs and Consumer Woes Hit Hard
May 22 @ 8:29am ET  
Target Corporation's first-quarter sales dropped 3.7 percent, missing Wall Street's expectations due to tariffs and declining consumer confidence. Shares fell nearly 20 percent as the retailer struggles with economic pressures.
Toll Brothers Beats Earnings Expectations, Bullish on Luxury Homes
May 22 @ 7:23am ET  
Toll Brothers has exceeded earnings expectations, showcasing strength in the luxury home market. The company remains optimistic about sustained demand for high-end properties amid economic challenges.
90 Percent of US Companies Plan to Reshore Amid Tariffs, Allianz Survey Finds
May 22 @ 6:44am ET  
Most firms also plan to raise prices as the U.S. tariffs drive broad shifts in supply chains and pricing strategies.
Energy Department Reverses Biden-Era LNG Export Restrictions
May 20 @ 7:00pm ET  
The U.S. Department of Energy has ended the Biden-era pause on LNG exports, citing benefits to the economy, allies, and national security. This policy reversal aims to boost jobs and energy independence while addressing global demand.
Home Depot Stands Firm on Pricing Amid Tariff Concerns
May 20 @ 4:19pm ET  
Home Depot assures customers that proposed tariffs won't affect store prices, maintaining stability through strategic sourcing. Shares spiked after the announcement but later retreated amid market fluctuations.
Klarna's Q1 Losses Spike Amid Rising BNPL Loan Defaults
May 20 @ 2:07pm ET  
Klarna reported a sharp rise in Q1 losses at $57 million, driven by increasing consumer defaults on buy now, pay later loans. The Swedish fintech faces challenges amid economic pressures, with credit losses nearly doubling to 1.2 billion kronor.
SBA Revamps Biden-Era Loan Program Amid Soaring Default Rates
May 20 @ 12:07pm ET  
The SBA is overhauling a Biden-era loan program due to high default rates, placing a moratorium on its expansion. This move aims to protect taxpayers while reevaluating lending criteria for small businesses.
Vehicle Prices Soar as Inventory Drops in April, Cox Automotive Reports
May 19 @ 8:18pm ET  
New vehicle inventory dropped in April, pushing affordability to its worst level this year, per Cox Automotive. Chief Economist Jonathan Smoke cites higher prices and fewer incentives as key factors impacting buyers.
U.S. Stock Indexes Soar: S&P 500 and Dow Hit New Highs on May 16
May 19 @ 4:06am ET  
U.S. stock indexes closed higher on May 16, with the S&P 500 up 0.7 percent for a weekly gain of 5.3 percent. The Dow rose 0.8 percent, and Nasdaq added 0.6 percent, driven by positive economic data and strong earnings.
Moody's Downgrades US Credit Rating Amid Debt Concerns
May 19 @ 4:00am ET  
Moody's has downgraded the US credit rating from AAA due to rising debt and interest costs. The decision raises concerns about higher borrowing costs and economic stability.
US Housing Starts Plummet 12 Percent Amid Rising Costs and Rates
May 19 @ 12:00am ET  
US single-family housing starts have dropped 12 percent annually, driven by rising construction costs and high interest rates. This decline, reported by the Census Bureau, signals ongoing affordability challenges for builders and buyers.
Charter and Cox Merge in $34.5 Billion Deal to Lead US Cable Market
May 16 @ 6:15pm ET  
Charter Communications and Cox Communications have merged in a $34.5 billion deal to become the largest US cable provider. This historic move, operating across 46 states, could reshape the industry amid regulatory scrutiny.
US Consumer Sentiment Falls Amid Inflation Fears and Tariff Uncertainty
May 16 @ 3:09pm ET  
US consumer sentiment dropped to 68.2 in May, reflecting fears of rising inflation as reported by the University of Michigan. Many Americans worry about personal finances amidst uncertainty over US-China tariff pauses and future economic policies.
Starbucks Baristas Strike Over New Dress Code Restrictions
May 16 @ 12:14pm ET  
Over 2,000 Starbucks baristas at 120 U.S. stores are on strike since Sunday, protesting a new restrictive dress code effective Monday. The policy limits personal expression, sparking outrage and calls for negotiation from Starbucks Workers United.
Dick's Sporting Goods Acquires Foot Locker in $2.4 Billion Deal
May 16 @ 10:10am ET  
Dick's Sporting Goods has acquired Foot Locker for $2.4 billion, aiming to strengthen its foothold in the athletic retail market. The deal will keep Foot Locker as a standalone unit, preserving brands like Champs Sports and atmos.
Deere Surpasses Earnings Expectations with Strong US Focus
May 16 @ 8:09am ET  
Deere & Company has exceeded earnings forecasts, boosting its stock by nearly 4 percent. With a 310 percent stock rise over five years, Deere reaffirms its commitment to US manufacturing.
Walmart's Robust Earnings Overshadowed by Tariff-Driven Price Concerns
May 15 @ 3:06pm ET  
Walmart reported strong earnings with a 5.5 percent rise in U.S. store sales, but warned of potential price hikes due to tariffs on imported goods. The retailer may increase prices on general merchandise while absorbing costs in groceries to protect consumers.
Bank of America Expands with Over 150 New Branches by 2027
May 14 @ 4:35pm ET  
Bank of America plans to open over 150 new branches by 2027, focusing on underserved areas to boost access to financial services. This expansion is supported by strong Q1 revenue and net income growth.
Record Tariff Revenue Boosts US Budget Surplus in April: Treasury
May 14 @ 10:47am ET  
Record tariff revenue has led to a significant US budget surplus of $209.5 billion in April, though future trade developments may slow this trend, according to the Treasury Department.
Small Business Optimism Dips Amid Tax and Labor Concerns
May 13 @ 4:05pm ET  
Small business confidence is declining, with the NFIB survey showing a drop in optimism due to tax uncertainty, labor issues, and trade challenges. Investment plans have hit a five-year low, signaling caution among owners amid an uncertain economic landscape.
US Inflation Drops to Lowest Rate Since Early 2021
May 13 @ 9:05am ET  
US inflation has dropped to its lowest rate since February 2021, with the Consumer Price Index rising by just 2.4 percent over the past year. Shelter and energy costs remain key drivers of monthly increases, though overall price pressures are easing.
McDonald’s Unveils Massive Summer Hiring Push for 375,000 Workers
May 13 @ 6:10am ET  
McDonald’s launches a massive summer hiring drive, aiming to recruit up to 375,000 workers amid declining sales. This initiative, surpassing post-pandemic efforts, targets diverse applicants to boost operations and local economies.
Anheuser-Busch Commits $300 Million to Boost US Manufacturing and Training
May 12 @ 4:10pm ET  
Anheuser-Busch is investing $300 million to upgrade US manufacturing facilities and launch training programs in Ohio. The initiative also expands support for veterans in manufacturing careers, boosting local economies.
Warren Buffett Downplays Market Volatility, Announces Retirement Plans
May 9 @ 6:10pm ET  
Warren Buffett dismisses recent market volatility as 'really nothing,' urging investors to stay calm. The 94-year-old Berkshire Hathaway CEO also announced plans to retire by year's end.
AIG Faces Profit Decline from $460 Million in LA Wildfire Claims
May 9 @ 5:10pm ET  
AIG reports a profit decline due to $460 million in wildfire claims from LA County. The insurance industry faces growing challenges with rising natural disaster claims.
Chevron Faces Profit Decline in Q1 Amid Falling Oil Prices
May 9 @ 4:10pm ET  
Chevron reported a significant profit drop in Q1 2025 due to falling oil prices, impacting its financial performance. The company also plans to reduce stock buybacks in Q2 to preserve cash amid market uncertainty.
US Manufacturing Surges Past Expectations Amid Tariff Concerns
May 9 @ 11:05am ET  
US manufacturing activity beat Wall Street estimates with the ISM index rising to 48.5 in April, despite tariff concerns. The sector shows resilience as businesses adapt to uncertainty with domestic focus and pricing strategies.
Gold Prices Soar Past $3,400 Per Ounce Amid Dollar Decline
May 9 @ 10:15am ET  
Gold prices have surged past $3,400 per ounce, driven by a weakened U.S. dollar at a three-year low. Economic uncertainty and geopolitical tensions further fuel demand for this safe-haven asset.
Dow Plunges Over 1,000 Points as Trump Urges Fed for Rate Cuts
May 9 @ 9:15am ET  
The Dow Jones plummeted over 1,000 points, sparking economic concerns. President Trump urged the Federal Reserve for 'preemptive cuts' on April 21 to address the crisis.
US Steel Faces Q1 Loss but Eyes Recovery with Nippon Deal
May 9 @ 9:10am ET  
US Steel reported a $142 million loss in Q1 2025 but projects a strong Q2 with earnings of $200-$220 million. The $14.9 billion Nippon Steel deal progresses amid industry challenges.
US Stocks Plunge as Trump Imposes New Tariffs on Canadian Metals
May 9 @ 9:01am ET  
US stocks fell sharply on March 11, 2025, after President Trump imposed new tariffs on Canadian metals. The Dow dropped over 500 points, while Nasdaq and S&P 500 also saw significant declines.