Business News

Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior. Buchanan’s dismissal was “for cause,” a rare rebuke of a business leader that carries serious weight in the business community. It comes after an investigation from an […]

A cooperative framework between the Trump administration, the Senate DOGE Caucus chairwoman and the House’s top small-business lawmaker seeks to boost domestic manufacturing by doubling the capital small businesses can access. Manufacturing loans have increased by 74% during President Donald Trump’s first 100 days in office, sponsors of the Made In America Manufacturing Finance Act

McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain to be affected by America’s turbulent economic environment. The burger giant reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a

President Donald Trump has asked for more time on the US economy after it contracted for the first time in three years, stoking recession fears. He told business leaders that the contraction was misleading, blaming the drop on companies stockpiling imports ahead of the imposition of his tariffs. “This is Biden’s economy because we took

The U.S. economy took a sharp and unexpected turn in early 2025. As reported by the Commerce Department, gross domestic product, adjusted for inflation, declined at a 0.3 percent annual rate in the first quarter. “A stunning reversal from the strong growth at the end of last year.” The drop stemmed largely from the chaotic

NEW YORK, April 29 (Reuters) – U.S. stocks closed solidly in positive territory on Tuesday, after seesawing between modest gains and losses in choppy trading as investors assessed the latest round of corporate earnings, economic data and changes on the trade policy front. Tariff Concerns Dominate Sentiment U.S. Treasury Secretary Scott Bessent predicted China could