A worker arc welds a metal door at the Metal Manufacturing Co. facility in Sacramento, California, U.S., on Tuesday, May 27, 2025. David Paul Morris | Bloomberg | Getty Images No one likes being the person who goes “but actually…”. Sometimes, however, it is necessary.The U.S. producer price index in June was flat, meaning that wholesale prices remained stagnant from May to June. This might suggest that U.S. President Donald Trump’s tariffs are hitting the economy less than feared, in contrast to what the uptick in June’s consumer price index suggested.But actually, the PPI measures prices at the level of…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailLoretta Mester, Fmr. Cleveland Fed President, joins ‘Fast Money’ to explain why she believes firing Jerome Powell would have a negative impact on the economy. Source link
Cars are parked outside a Walmart store in Oceanside, California, on May 15, 2025.Mike Blake | ReutersWalmart is cutting hundreds of store-support roles, in its latest move to simply its structure, Bloomberg News reported on Wednesday, citing a memo.The U.S. retail bellwether is eliminating the market coordinator job that supports some managers, the report said. These coordinators are considered to be corporate positions, assisting market managers, who are responsible for supervising roughly a dozen store managers each, it said.The company is also cutting some coach and coordinator roles at Walmart Academy, which trains store employees and managers, according to the report.Market coordinators and…
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty ImagesTrading in Seven & i was halted Thursday after Canada’s Alimentation Couche-Tard withdrew its $47 billion bid to acquire the Japanese company.Convenience store operator Couche-Tard announced Wednesday that it was pulling its takeover bid for Japan’s Seven & i Holdings, saying there was a “persistent lack of good faith engagement.””There has been no sincere or constructive engagement from 7&i that would facilitate the advancement of any proposal, contrary to comments made publicly by 7&i representatives,” the Canadian…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching during Wednesday’s volatile trading, and what’s on the radar for the next session. A Coke, a smile, a president and a possible controversy President Donald Trump wants Coca-Cola to start using cane sugar in its beverages. Coke produced in the U.S. market usually uses corn syrup as a sweetener. I think the actual formula is a secret, right? On Wednesday…
Andy Constan, Damped Spring Advisors CEO, joins ‘Fast Money’ to talks the impact of a non-independent Federal Reserve. Source link
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020.BEHROUZ MEHRI | Contributor | Getty ImagesJapan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month.The decrease in exports was a reversal of the 0.5% rise expected by economists polled by Reuters, and comes amid a lack of a breakthrough in trade talks with the U.S.Exports to China, Japan’s largest trading partner, were down 4.7%, while exports to the U.S. declined by 11.4% year over year, deepening from the…
Wedbush’s Dan Ives joins ‘Fast Money’ with his Tech earnings forecast. Source link
2021 Ford Bronco SportFordFord is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.The NHTSA said fuel injector in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite.Ford shares were down 3% in afternoon trading.The recall covers certain 2021–2024 Bronco Sport and 2020–2022 Escape models equipped with 1.5-litre engines. The NHTSA estimates that 0.3% of recalled vehicles may have the defect.”We estimate the aggregate cost of the action, based on the remedy options we are evaluating, to be about $570 million and…
Dominika Zarzycka | Nurphoto | Getty ImagesCoinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy.The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public blockchain network Base, which is built on Ethereum.So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app – have long been viewed as the holy grail of fintech by the industry. They’re central to everyday life in…
