The Fed's latest meeting minutes highlight growing concerns over the housing market's decline, signaling potential risks to the economy and jobs. With rising borrowing costs and stagnant sales, could a crash be imminent?
Hurricane Erin has reached Category 5 status, causing severe flooding and landslides in the Caribbean. With forecasts predicting fluctuations in intensity, residents are urged to stay vigilant as the storm continues to impact the region.
Tapestry, the parent company of Coach and Kate Spade, sees shares plunge as tariffs threaten profits despite strong sales trends. CFO Scott Roe discusses the impact of rising costs and strategic adjustments.
In a surprising move, Australia's central bank has cut its benchmark lending rates by 25 basis points, downgrading the economic growth forecast amidst weak public demand. With inflation dropping significantly, experts predict further rate cuts could follow.
Tropical Storm Erin is on a path to potentially become a major hurricane, with forecasts predicting intensification as it travels across the North Atlantic. With conditions favorable for development, Erin could impact the Atlantic coast and Bermuda in the coming week.
Spotify reported a rise in premium subscribers to 276 million and MAUs to 696 million, but faced a surprising quarterly loss. CEO Daniel Ek emphasizes long-term growth despite recent challenges.
Over 130 million people are warned of a dangerous heat wave sweeping the Eastern U.S. with temperatures feeling like 108 to 116 degrees. Major cities brace for sweltering conditions and thunderstorms.
As the Federal Reserve prepares for its crucial meeting this week, all eyes are on interest rates amid significant political and economic changes. With GDP and employment reports on the horizon, will the Fed maintain the current rate?
Chip stocks are on the rise following TSMC's record quarterly profit, while PepsiCo forecasts a smaller decline in annual core profit. June retail sales also show a surprising uptick, signaling strong consumer confidence.
Delta Air Lines has lowered its 2025 profit forecast due to unexpected demand trends, but summer travel outlook exceeds expectations. CEO Ed Bastian comments on changing booking patterns and premium product strategies.
