President Donald Trump said late Thursday that he was ending “all trade negotiations” with Canada because of a television ad opposing U.S. tariffs. Trump said the ad misstated the facts and called it “egregious behavior” aimed at influencing U.S. court decisions. The post on Trump’s social media site came after… Read More
Target eliminates 1,800 corporate jobs in major restructuring move
Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs,… Read More
Curtain call: Broadway musicians reach labor deal, averting a strike
The union representing Broadway’s musicians reached a tentative labor agreement with commercial producers on Thursday, averting a potentially crippling strike that would have silenced nearly two dozen musicals. The American Federation of Musicians Local 802 — which represents 1,200 musicians — had threatened to strike if they didn’t have a… Read More
US hits staggering $38 trillion in debt
In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the… Read More
Amazon outage causes massive disruption in online services worldwide
Amazon said its cloud computing service was recovering from a major outage that disrupted online activity around the world on Monday. Amazon Web Services provides remote computing services to many governments, universities and companies, including The Associated Press. On DownDetector, a website that tracks online outages, users reported issues with… Read More
President Trump reveals clever plan to bring down beef prices
President Donald Trump said Sunday that the United States could purchase Argentinian beef in an attempt to bring down prices for American consumers. “We would buy some beef from Argentina,” he told reporters aboard Air Force One during a flight from Florida to Washington. “If we do that, that will… Read More
Trump just gave stocks 3 big bullish tailwinds into ’26
Amid this week’s manufactured market panic over regional banks, analysts on various four-letter networks are out in droves. Their mission: Convince you, the individual investor, to sell so they can buy. It’s true – from apocalyptic predictions to politicized headlines, analysts who let their policy biases cloud their judgment largely… Read More
Ford recalls more than 290,000 vehicles for rearview camera malfunction
Ford is recalling more than 290,000 vehicles in the U.S. because the rearview camera system may not display images properly in certain lighting conditions, which could increase the risk of a crash. The recall includes certain 2020-2022 F-250 SD, F-350 SD, and F-450 SD vehicles. The National Highway Traffic Safety… Read More
Were Hedge Funds Dumping Stocks Last Week?
At the end of last week, Marc LoPresti, who is the CEO of Market Rebellion, wrote to me and asked me to comment on an article whose headline was, “Hedge Funds Are Selling Like Never Before – Should You Worry?” My initial response was to laugh. Then my analyst response… Read More
Smucker sues Trader Joe’s over famous “Uncrustables”
The J.M. Smucker Co. is suing Trader Joe’s, alleging the grocery chain’s new frozen peanut butter and jelly sandwiches are too similar to Smucker’s Uncrustables in their design and packaging. In the lawsuit, which was filed Monday in federal court in Ohio, Smucker said the round, crustless sandwiches Trader Joe’s… Read More
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