Gold hit an all-time high near $5,600 an ounce in late January. It’s been sliding pretty much nonstop since then, and on June 19 the bank most responsible for hyping that rally finally caught up to where the price actually is. Goldman Sachs cut its year-end gold target by $500, down to $4,900 from $5,400. […]

Sometimes death for a business comes in stages. That’s frustrating for customers and staff, who have to experience the loss multiple times. For On the Border, the chain’s death march has been ongoing since 2024, when it unexpectedly closed a handful of locations. That spiraled into a Chapter 11 filing, which saw the size of

The sporting goods retail industry has suffered dozens of store closings in 2026, despite the industry reporting an overall increase in wholesale sales of 3.7% to $130 billion in 2025, according to a 2026 Manufacturer’s Sales by Category Report from the Sports & Fitness Industry Association. Specialized sporting goods retailers, such as bicycle retailer Lynskey

120 years ago commercial airlines, television, penicillin, and credit cards did not exist yet. Starbucks was still 65 years away from being founded and Panera Bread did not exist until 16 years after that (albeit under its original name, Atlanta Bread Company). Even Wonder Bread did not come around until 1921, making Schwebel Baking Company’s

MDA Space (MDA) agreed on Friday to buy Blue Canyon Technologies from RTX’s (RTX) Raytheon business in an all-cash deal worth $620 million, according to a Seeking Alpha report. The price is small by aerospace standards; what MDA says the deal adds to its business is not. MDA Space is a Canadian satellite and space

After this week’s Federal Reserve meeting, things aren’t looking great for homebuyers. While new Fed Chair Kevin Warsh officially ended “forward guidance” on future rate movements, the central bank’s dot plot — a member-submitted projection of possible rate cuts and hikes — showed an overall hawkish stance for the rest of 2026.  As I noted

Target has faced no shortage of challenges over the past few years. Like many retailers, the company has had to navigate shifting consumer spending habits, inflationary pressures, and a retail environment where shoppers have become more selective about where they spend their money. Plus, as Target has faced increased competition from Walmart, Amazon, and Costco,

Few retailers inspire customer loyalty quite like Costco. The warehouse club has built its reputation on low prices, treasure-hunt shopping, generous return policies, and a steady stream of exclusive products under its popular Kirkland Signature private label.  Members willingly pay annual fees for access to the chain’s warehouses, and many shoppers view a Costco membership

Kutak Rock’s John Schembari provides a concise deep-dive into the Department of Labor’s proposed investment-selection regulations and the industry reaction after a roughly 60-day comment period that produced ~45,000 responses. Jeffrey Snyder, Broadcast Retirement Network Well, John, it’s always great to see you. Thanks for joining us this morning. Absolutely, Jeff, great to be here.

Global spending on artificial intelligence will reach $2.59 trillion in 2026, according to a Gartner forecast, a 47% jump from last year. That number covers more than chips and data centers. It also covers the bill companies run up every time an employee or an AI agent sends a request to a model like ChatGPT