Economy

A woman stands in a target with her fist in the air. A man behind her holds an "Abolish ICE" sign.

Target faces new backlash amid Minnesota ICE raids after boycotts over its DEI rollback. But don’t blame politics for falling profits, analyst says

Recent events have caused renewed backlash against Target, nearly a year after boycotts began over the company rolling back its diversity, equity, and inclusion initiatives.

Economy

Target faces new backlash amid Minnesota ICE raids after boycotts over its DEI rollback. But don’t blame politics for falling profits, analyst says

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Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever

Construction workers are earning up to 30% more and some are nabbing six-figure salaries in the data center boom

People making six-figure salaries used to be considered rich—now households earning nearly $200K a year aren’t considered upper-class in some states

Ray Dalio says ‘a little bit of everything’ is needed to prevent a debt crisis—but it won’t happen anyway

Treasury Secretary Bessent insists Trump’s tariff agenda is ‘permanent,’ saying the White House can re-create it even with a Supreme Court loss

‘We fixed inflation, and we fixed almost everything’: Trump travels to Pennsylvania to talk affordability while denying it’s a problem

Build-A-Bear stock falls 15% as it reveals the real hit from tariffs, at last

America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity

Dollar Tree says the majority of its new customers earn at least $100,000 a year

‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida

Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

Market doubts Hassett can deliver at Fed, PGIM’s Peters says

For Wall Street, pandemic-level bad news for jobs is good news for stocks—it pushes the Fed further into cutting territory

Wall Street drifts while Dollar General and Spam sales jump in a market hungry for affordability

Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it’s the one trade job Gen Z doesn’t want

‘There’s this fake narrative that the Democrats talk about, affordability’: Trump keeps dismissing cost of living as his party struggles to hold seats

Fed officials like the mystique of being seen as financial technocrats, but it’s time to demystify the central bank

Delta took $200 million hit from longest government shutdown in history, filings reveal

Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt

Bank of America predicts an ‘air pocket,’ not an AI bubble, fueled by mountains of debt piling up from the data center rush

Scott Bessent calls the Giving Pledge well-intentioned but ‘very amorphous,’ growing from ‘a panic among the billionaire class’

Scott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead

Trump says national debt is ‘peanuts’ and his tariff income will pay everyone a $2,000 dividend too—but the math doesn’t add up

Trump’s pick for chairman isn’t enough to threaten Fed independence, says Bank of America—especially if Jerome Powell decides to stick around

Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs

What CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion

The trade war was never going to fix our deficit

Michael Dell talks candidly about his $6.25 billion donation to fund Invest America accounts for 25 million American children

‘This Fed went to sleep,’ says top economist Mohamed El-Erian, who wants to see the central bank reformed and presidents to ‘cool it’

More than 1,000 Amazon employees sign open letter warning the company’s AI ‘will do staggering damage to democracy, our jobs, and the earth’

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