Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear. The sports apparel and footwear retailer’s stock declined over 29% during Tuesday’s trading session, on pace for a record one-day percentage drop if the losses hold, after it also missed…
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets…
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde…
Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities. Bessent spoke Monday at a press conference to discuss a new plan for the…
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Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over…
ChatGPT-maker OpenAI on Tuesday announced that it’s creating a new portal for teenagers between the ages of 13 and 17…
Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in…
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July,…
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Some universities are now allowing students and their families to pay tuition through PayPal and Venmo. Among the first institutions offering the payment options are Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech University, although more universities are expected to…
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The artificial intelligence (AI) boom is causing a fierce bidding war for some luxury homes in the San Francisco Bay Area, with dozens of homes selling more than $1 million above asking price last month. Mike Simonsen, chief economist at Compass International Holdings, noted in a post on X citing…
Federal Reserve policymakers are increasingly concerned about inflation, and the uncertainty about the direction it may take was reflected in the minutes of the Fed’s latest monetary policy meeting released on Wednesday. The central bank’s first monetary policy meeting under the leadership of Fed Chair Kevin Warsh occurred against the…
Honda is recalling more than 325,000 vehicles over faulty rearview image displays, which could increase the risk of a crash, according to federal regulators. The recall affects 2018-2020 Odyssey vehicles, the National Highway Traffic Safety Administration (NHTSA) announced on Wednesday.A total of 325,588 vehicles are covered by the recall effort.…
The state of Oregon’s utility regulator is implementing a new rule starting Wednesday that will raise the electricity bills of data centers and other large energy users to allow lower rates for other customers. The Oregon Public Utility Commission (PUC) approved updated electricity rates for data centers and other residential…
SpaceX has been fast-tracked into the Nasdaq-100 Index, meaning the stock performance of Elon Musk’s rocket company is now directly tied to the retirement accounts, mutual funds and portfolios of millions of everyday American investors. But self-proclaimed market “permabear” and GMO co-founder Jeremy Grantham is heavily skeptical of the company’s…
The cost of mailing a letter will climb again this summer after federal regulators approved another round of U.S. Postal Service (USPS) price increases, including a 4-cent increase in the price of a Forever stamp. The Postal Regulatory Commission on Wednesday approved USPS’ proposed mailing services price changes, clearing the…
Housing affordability is expected to improve with the pace of home price growth slowing to a rate that’s lower than inflation, a new report finds. Realtor.com on Wednesday released a midyear update to its 2026 housing market forecast that estimates home price growth will slow to 1.2% this year, a…
Two lots of Pedigree-branded dog food were recalled over the potential presence of metal and plastic. Mars Petcare US issued the voluntary recall July 2 for 13.2-ounce cans of High Protein Chopped Chicken & Duck Flavor for dogs, according to a company announcement.The affected products include lot codes 613C3KKCFC and…
American workers who never use artificial intelligence (AI) may be more likely to be laid off than those who use AI more regularly, according to new data. Gallup research found that 62% of workers who have been laid off were non-users of AI who used it once per year or…
Some Social Security beneficiaries will receive two checks this July as a quirk in the calendar shifted the payment timeline for an adjacent month. The Social Security Administration (SSA) ordinarily disburses payments for Supplemental Security Income (SSI) on the first day of a given month. The SSI program provides monthly…
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