Economy

Filter

Keurig Dr Pepper to unwind merger after buying Peet’s Coffee for $18 billion

By Associated Press

Shares of Keurig Dr Pepper fell 7% in early trading Monday.

Carney says Canada will match U.S. tariff exemptions under USMCA trade pact

By Rob Gillies, Associated Press

Canada is dropping many of its retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday.

Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’

By Amna Nawaz, Jackson Hudgins

In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed…

Continue watching

Trump says U.S. has gained 10% stake in Intel for $11.1 billion in government funds

By Michelle L. Price, Michael Liedtke, Associated Press

President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company's CEO as a conflicted…

Nvidia is in talks with Trump administration about new chip for China, company’s CEO says

By Elaine Kurtenbach, Associated Press

Nvidia CEO Jensen Huang said Friday that the company is discussing a potential new computer chip designed for China with the Trump administration.

Wall Street rallies over hopes that the Federal Reserve will lower interest rates

By Stan Choe, Associated Press

Wall Street is rallying on Friday toward its best day in months after the head of the Federal Reserve hinted the cuts to interest rates that investors and President Donald Trump crave so much may be on the way.

Cracker Barrel’s logo redesign sparks ire among some online

By Associated Press

Cracker Barrel is marching forward with an ongoing makeover. And to the dismay of some fans, the chain's new logo now ditches the barrel itself.

The U.S. and EU release a bare-bones account of their trade deal, but it’s a work in progress

By Sam McNeil, David McHugh, Fatima Hussein, Associated Press

Officials have left blank key areas such as wine and spirits as well as steel. And they've indicated that talks will continue on those and a slew of other important sectors.

Target CEO Brian Cornell to step down as company struggles with poor sales numbers

By Anne D'Innocenzio, Associated Press

Target named an insider as its next chief executive officer Wednesday, a decision that comes as the discount retailer tries to reverse a persistent sales malaise and to revive its reputation as the place to go for affordable but stylish products.

Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud

By Christopher Rugaber, Associated Press

Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the Fed's governing board by former president Joe Biden in 2022.