Walmart posted a mixed earnings report for its first quarter, with revenue rising 2.5% year over year to $165.6 billion, slightly below Wall Street expectations of $166.02 billion. However, the company beat adjusted earnings forecasts, reporting $0.61 per share versus the estimated $0.58. U.S. same-store sales rose 4.5%, outperforming expectations, largely driven by strength in…
Coinbase Breach Exposes User Data in $400M Insider Attack as Company Rejects Ransom Demands
Coinbase disclosed a significant cybersecurity incident in which cybercriminals bribed overseas support contractors to steal sensitive customer information. The attackers gained unauthorized access to customer support systems and extracted data for a subset of users. Although private keys and passwords were not compromised, the data obtained included names, contact information, partial Social Security numbers, government…
Dick’s Sporting Goods Acquires Foot Locker for $2.4B to Boost Global Reach and Counter Tariff Pressures
Dick’s Sporting Goods is set to acquire the struggling footwear retailer Foot Locker in a $2.4 billion deal, marking the second major footwear buyout within weeks amid economic uncertainties, including U.S. trade policies under former President Donald Trump. The deal signifies a strategic move to consolidate market power as companies brace for shifting consumer behaviors…
NJ Transit Warns Commuters as Rail Strike Threatens to Paralyze Travel Between New Jersey and NYC
NJ Transit issued a critical advisory urging hundreds of thousands of commuters to reach their destinations before midnight Thursday due to an imminent rail strike. Engineers with the Brotherhood of Locomotive Engineers and Trainmen are expected to walk off the job at 12:01 a.m. Friday amid stalled contract negotiations. This strike, the first in over…
Georgia Insurance Commissioner John King announces run for the 2026 Republican Senate race
Georgia Insurance Commissioner John King announced on Monday that he will run in the 2026 race to challenge Democratic U.S. Senator Jon Ossoff. King stated, “President Trump needs reinforcements and Georgia needs a new senator.” King’s announcement follows U.S. Rep. Marjorie Taylor Greene’s decision to not run for Senate and comes a week after Georgia…
Trump signs executive order giving drugmakers 30 days to reduce prescription drug prices
On Monday, President Donald Trump signed a major executive order setting a 30-day deadline for drugmakers to lower the cost of prescription drugs in the U.S. or face new limits on what the government will pay. The order directs the Department of Health and Human Services, led by Robert F. Kennedy Jr., to negotiate new…
U.S. Pressures EU on Trade as Switzerland and UK Pull Ahead in Deal Talks
U.S. Treasury Secretary Scott Bessent recently stated that Switzerland and the United Kingdom had moved ahead of the European Union (EU) in negotiating a trade agreement with the United States. This move signals growing impatience from Washington regarding the EU’s slower pace in trade negotiations. Despite this warning, EU officials remain unfazed, citing the bloc’s…
Homebuyers Reignite Market as Inventory Grows and Government-Backed Loans Boost Demand
Mortgage demand from homebuyers increased for the second consecutive week, pointing to a shift in buyer sentiment. Rather than being deterred by recent economic instability or tariff concerns, potential buyers appear to be motivated by a growing supply of homes on the market. According to the Mortgage Bankers Association (MBA), total mortgage application volume rose…
Tariff Truce Sparks Hope in China’s Factories, But Uncertainty Keeps Business Cautious
The recent reduction in tariffs between the U.S. and China has sparked cautious optimism among businesses, particularly in China’s manufacturing sector. President Donald Trump hailed the weekend agreement as a victory, with the U.S. lowering tariffs from 145% to 30% and China responding by cutting its tariffs from 125% to 10%. This significant reduction, which…
U.S. Inflation Hits Four-Year Low as Falling Prices Raise Concerns About Economic Slowdown
The U.S. has experienced its lowest inflation rate in four years, driven primarily by a notable drop in prices for everyday goods. According to the Bureau of Labor Statistics, egg prices saw their largest monthly decline since 1984, while used car, clothing, and airfare costs also decreased. These changes offer some relief to American families…