The United States and Iran signed a memorandum on June 17 to end their war and reopen the Strait of Hormuz. Oil prices fell back toward $80 a barrel, down from a peak of $118 in March. Shipping companies started moving vessels that had been sitting idle across the Gulf for months. For a lot […]
Analysts warn Hormuz relief falls short of what economy needs Read More »
I have covered Micron several times in the past. And each time, the headline has been some variation of the same theme. The numbers keep getting bigger and bigger, the analyst targets keep moving higher, and of course, the artificial intelligence (AI) memory supercycle keeps defying the skeptics who expected it to slow down. This
One Micron number could reshape entire AI trade narrative Read More »
Target has increasingly leaned on exclusive launches and strategic partnerships to stand out in a retail market where consumers have more options and discretionary spending remains uneven. Over the past several years, the company has expanded beyond traditional private-label growth by introducing collaborations designed to create shopping occasions, strengthen customer engagement, and encourage purchases across
Target launches unexpected partnership beyond apparel Read More »
 Without forward guidance and a basic tie with the monetary policy forecasts for the rest of the year, the June Federal Open Market Committee meeting left Fed watchers debating whether a rate hike would increase the cost of short-term borrowing costs in 2026. Goldman Sachs, in a note emailed to TheStreet, said a majority of
Goldman hints at Fed’s next interest-rate bet under Warsh Read More »
Robinhood (HOOD) markets confirmed plans to sell $2 billion in convertible senior notes due 2029, and the stock dropped 2.2% in premarket trading on the news. A debt sale tied to a stock buyback usually reads as a vote of confidence. The fine print on this one tells a different story about what Robinhood’s bankers
Robinhood stock falls as company unveils $2 billion debt plan Read More »
Chevron (CVX) and Microsoft (MSFT) announced a 20-year power purchase agreement on June 22 to build a natural gas-fired power plant in West Texas dedicated to supplying electricity to a Microsoft data center campus. The project, named Project Kilby, sits on more than 2,000 acres in Reeves County near the city of Pecos, deep in
It feels like a tough time to buy a house in America. Monthly housing payments are at an annual high, home prices are inching up, and mortgage rates are still around 6.5%. In my years of reporting on the housing market, I’ve seen that mortgage purchase applications typically decrease when homebuyers consider mortgage rates to
Bank of America reveals surprising housing market shift Read More »
2025 was a rough year for electric vehicle sales in the U.S. Despite a record-setting pace through the first three quarters of the year, thanks to the expiration of the $7,500 tax credit, EV sales dropped so far off a cliff in the fourth quarter that many of the top internal combustion engine vehicle makers
Tesla rival forced to make big changes amid EV shift Read More »
With a grueling and prolonged heat wave continuing to engulf large swaths of France into the start of this week, temperatures that are now expected to top 40 Celsius (104 Fahrenheit) have led local authorities to put in place a number of emergency measures that restrict public activities. While French laws normally allow drinking alcohol
Popular tourist destination cracks down on alcohol during heat wave Read More »
Clothing retailers often blame a long list of economic problems for their financial distress. Among the problems are rising costs of products and labor, driven by inflation and tariffs; consumers’ changing attitudes toward shopping at brick-and-mortar retailers; overmarket lease rates; and rising interest rates on debt obligations for closing stores and filing for bankruptcy. Unsustainable overhead is
Popular fashion chain files Chapter 11 bankruptcy, closes stores Read More »