Economy
Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price […]
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Trump’s Washington, DC, crime crackdown exposes gap between perception and reality
A banner depicting the Washington, D.C., flag with a text reading “Free DC” hangs from an overpass with a view of the U.S. Capitol after U.S. President Donald Trump announced federal take over of the Metropolitan Police Department under the Home Rule Act to assist in crime prevention in the nation’s capital, in Washington, D.C., […]
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Stocks making the biggest moves after hours: Cisco, Ibotta, Coherent and more
Check out the companies making headlines in after-hours trading. Cisco – The tech stock pulled back almost 3% after its fourth-quarter results barely beat expectations. Cisco posted adjusted earnings of 99 cents per share on revenue of $14.67 billion in revenue, while analysts surveyed by LSEG were looking for a profit of 98 cents per […]
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As Trump berates Goldman, other economists agree that higher tariff inflation is coming
People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of […]
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Trump shrugs off suspected Russian hack of U.S. federal courts: ‘Are you surprised?’
US President Donald Trump speaks during the unveiling of the Kennedy Center Honors nominees on August 13, 2025, at the Kennedy Center in Washington, DC. Mandel Ngan | Afp | Getty Images President Donald Trump on Wednesday shrugged off a question about a new report that Russia is at least partially responsible for hacking the […]
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Stocks making the biggest moves midday: Paramount Skydance, Cava, Capri, SailPoint and more
Check out the companies making the biggest moves midday: Paramount Skydance — The media giant popped more than 31%, putting it on track for its best day ever. It wasn’t clear what drove the surge. H & R Block — The tax preparation company posted fiscal fourth-quarter earnings of $2.27 per share, higher than the […]
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Stocks making the biggest moves premarket: Cava, CoreWeave, Brinker, Hanesbrands and more
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share […]
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Taj Hotels owner goes global with bold expansion into Europe and the Middle East
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Puneet Chhatwal, Managing Director & CEO of Indian Hotels Company Limited (IHCL) discusses its plans to expand its flagship Taj Hotels in the UAE, Bahrain and Saudi Arabia as the hotel group taps into the growing GCC-India corridor. He talked about the […]
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‘Big beautiful bill’: These are the sectors investors are betting on and avoiding in a new fiscal era
The “One Big Beautiful Bill Act” has drawn mixed reactions from Wall Street, but for some investors, it represents a blueprint for a new phase of U.S. economic policy. The bill , which became law in July, is characterized by extensive tax reforms and selective incentives, is forecast to add to the federal deficit and […]
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Trump pick for BLS commissioner recently called for suspending monthly jobs report
E. J. Antoni, Ph.D., Former Economist, Texas Public Policy Foundation Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview last week with Fox […]
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