Federal Reserve Chair Kevin Warsh followed market expectations Wednesday, holding rates steady in the 3½ to 3¾% range despite persistent inflation. A growing number of his peers — including the three who cast dissenting votes on the decision — believe rates need to rise to keep inflation in check as the Middle East conflict drags…
French luxury retailer Hermès recorded consolidated revenue of €8.16bn ($9.34bn) in the first half of 2026, up 2% at current exchange rates from the same period a year earlier. At constant exchange rates, revenue increased 6%, with currency movements reducing reported revenue by more than €360m over the six-month period. Recurring operating income was €3.35bn,…
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Old Dominion Freight Line improved profits in Q2 despite year-over-year drops in tonnage, volume and intercity miles. The carrier’s Q2 operating income increased by 30% to $465.3 million compared to a year ago, and…
About 1.7 million American babies now qualify for $1,000 apiece from the federal government, but Peter Schiff insists they’ll end up paying it back themselves — with interest. “There is nothing to celebrate,” the economist wrote on X on July 6, the first trading day for the new Trump accounts. Must Read President Donald Trump…
Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations. Shell on Thursday reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion for the same period last year,…
US stocks staged a major comeback on Thursday morning after a Fed-fueled sell-off, as Microsoft (MSFT) stock led tech gains and more earnings were on deck. But fresh US attacks on Iran, a bond rout, and worries about AI spending kept investors on guard. The Dow Jones Industrial Average (^DJI) advanced 0.8%, while the SP…
SummaryView Transcript The freight market is seeing a major shift: capacity is tightening due to regulatory pressures and driver challenges, not just demand. Discover how these factors, alongside diverging spot rates and diesel prices, are impacting carriers and the overall supply chain. This deep dive into Q2 earnings from major players like Knight-Swift, Werner, and…
The carrier also offers a $2,000 early-exit bonus to any driver who decides within the first 90 days — after giving 30 days on the job — that the company is not the right fit, provided the driver returns the truck to a company facility and leaves in good standing. Nussbaum said the payout is…
Forget AI and rockets. The latest high-profile IPO is more about mustard and mayo. Most Read from Fast Company Shares of sandwich chain Jersey Mike’s Subs Inc. are expected to start trading on the New York Stock Exchange (NYSE) on Thursday, July 30, under the ticker symbol “JMKE.” The stock was priced late Wednesday at…
On July 29, the Federal Reserve announced its decision on interest rates following its two-day policy meeting. As expected, the central bank decided to keep the benchmark interest rate unchanged in the 3.50%-3.75% range. Related: Bitcoin traders brace for Fed’s rate call and inflation this week Though the Fed’s newly appointed chair, Kevin Warsh, has…
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