U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.…
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative. ...
Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street
Fears are mounting around the health of their lending businesses. ...
Gas prices could drop below $3.00 mark nationwide as costs continue falling across America: reports
The national average for gas sits at around $3 a gallon, down from a month ago, as cheaper winter fuel…
Trader Joe’s accused of copying Smucker’s Uncrustables sandwiches
The J.M. Smucker Co. filed a federal lawsuit in Ohio accusing Trader Joe's of copying its Uncrustables frozen sandwiches and…
Bessent says government shutdown ‘starting to cut into muscle’ and economy may be losing billions per day
Treasury Secretary Scott Bessent warned the ongoing government shutdown could cost the U.S. economy up to $15 billion daily as…
A secret fleet of ‘ghost ships’ moving Russia’s oil could soon enter Trump’s crosshairs
The shadow fleet of unmarked tankers evading international sanctions to deliver Russian crude to India and China is straining trade…
Nestle to cut 16,000 jobs as part of cost savings initiative
New Nestle CEO Philipp Navratil is implementing a workforce reduction of 16,000 positions to accelerate growth and achieve substantial cost…
‘Without precedent’: Virtually all news outlets reject restrictive Pentagon press policy
The policy would force news organizations to refrain from publishing material not approved by the military. Media lawyers say it…