Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy surpassed Wall Street revenue and earnings expectations for its most recent quarter on Thursday, but stuck with its full-year forecast, citing tariff uncertainty. The consumer electronics retailer said…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-Mass.), introduced a bill to target price gouging by the market’s biggest companies. The Price Gouging Bill of 2025 — introduced on Thursday by Warren along…
A worker sorts packages on Amazon Prime Day in New York, US, on Tuesday, July 8, 2025. Klaus Galiano | Bloomberg | Getty Images U.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon‘s Prime Day megasale, according to Adobe Analytics. At that level, it marks the “single…
Donald Trump, as both a citizen and president, has railed against modern dishwashers, washing machines, light bulbs, showerheads and toilets, claiming that onerous government regulations render them less effective and more expensive. Since returning to the White House in January, he’s turned his ire into an edict. On April 9, Trump issued an executive order…
