BUSINESS AND ECONOMY
Latest news and updates
US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance - Bloomberg.com
Bond investors will zero in on Kevin Warsh’s Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserv…
Trump’s foreign beef push to cut grocery costs sparks GOP revolt from ranching country - Fox Business
President Donald Trump's tariff-free beef import plan faces GOP resistance as Republican lawmakers warn it undercuts ranchers rebuilding the cattle herd.…
Boeing engineers, technical workers reject contract offer - CNBC
Boeing engineers and technical workers rejected the U.S. planemaker's four-year contract offer, union officials said on Friday.…
TikTok to pay $400m to US in one of largest child privacy settlements - BBC
The deal stems from a 2024 lawsuit alleging TikTok and its parent company ByteDance collected "vast amounts of data" on millions of users under the age of 13.…
L.A. Mayor Karen Bass Throws Her Support Behind Paramount-Warner Bros. Discovery Settlement - The Hollywood Reporter
The mayor previously stated that she opposed the $111 billion merger deal unless jobs were preserved in the transaction.…
Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far - AP News
Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs. The yield on the 10-year Treasury note, a key ben…
Walmart stock drops 9% as sales growth slows, customers make 'trade-offs' amid high fuel costs - Yahoo Finance
Walmart raised its outlook, but traffic and US sales came in below Wall Street's expectations.…
GOP, Democrats lament $40 trillion debt as Congress struggles to act - The Hill
Lawmakers are sounding the alarm over the nation’s $40 trillion debt, lamenting Congress’s inability to meaningfully confront a problem that has grown increasingly difficult to ign…
Tupac Shakur autopsy photos shown at Las Vegas murder trial after some family members leave court - CBS News
Tupac Shakur's cousin said the autopsy photos made him feel "very angry, to say the least."…
'Don't get too comfortable': Wall Street’s ‘fear gauge’ hits 2026 low — here's why it's unlikely to last - CNBC
A falling VIX points to growing investor complacency ahead of a traditionally turbulent time for markets, strategists warn.…