Dick’s Sporting Goods indicates plans to shut down Foot Locker stores due to disappointing profits
Dick’s Sporting Goods announced on Tuesday that it will likely fall short of profit expectations for the third quarter and face expenses of up to $750 million as it works on revamping its newly acquired Foot Locker business. This includes plans for store closures and reducing inventory. The company’s stock took a hit, dropping by […]
Trump Approves Order to Eliminate Tariffs on Brazilian Beef, Coffee, and Other Goods
On Thursday, President Donald Trump signed an executive order that eliminates tariffs on Brazilian coffee, beef, and other agricultural imports to the United States. This order removes the previous 40% tariff that had been put in place in late July, during a time when Brazil was labeled a “national security threat” by the Trump administration. […]
Vendors selling fake goods return strongly just weeks after a significant ICE raid.
Canal Street’s Illegal Market Returns Once again, Canal Street in Chinatown is bustling with illegal vendors selling counterfeit designer bags, electronics, and jewelry, just weeks after a significant raid by ICE aimed at cleaning up the area. According to reports, dozens of vendors were spotted returning to the streets as the holiday shopping season begins. […]
Palantir’s profits, Pizza Hut’s choices, a new leader in consumer goods and additional updates in the morning report.
Alex Karp, the CEO of Palantir Technologies, participated in a panel discussion on April 30, 2025, exploring themes surrounding power and purpose at the U.S. Capitol in Washington, DC. Here’s the Morning Squawk newsletter from CNBC. Let’s dive into five key points for investors as they kick off their trading day. 1. Palantir News Technology […]
Trump reaches significant agreement with China as Beijing decides to restart rare earth exports, help with the fentanyl issue, and buy American goods.
Trump’s Meeting with Xi Jinping Yields Key Agreements President Donald Trump has shared details from his recent meeting with Chinese President Xi Jinping, where significant arrangements were made. China has committed to assist in addressing the fentanyl crisis, purchasing U.S. oil, and ensuring continued trade in rare earth minerals while both sides agreed to lift […]
Expert warns that thieves of Louvre’s prized items might melt down the stolen goods.
Louvre Robbery: Thieves Target Cultural Treasures A former FBI art crime expert indicated that the thieves who stole valuable items from the Louvre on Sunday might end up melting the treasures down. Tim Carpenter believes that the robbery, which he describes as “shocking,” was executed with a specific focus on historically and culturally significant objects. […]
Around 25 criminals vandalize a jewelry store with crowbars and pickaxes, stealing $1 million worth of goods — but technology aids police in their response.
Jewelry Store Heist in San Ramon This week, around 25 masked individuals were involved in a brazen robbery at a jewelry store in San Ramon, California, making off with an estimated $1 million in merchandise, according to reports from KGO-TV. Authorities indicated that the suspects were armed with crowbars and pickaxes, and possibly three guns, […]
When will the US Durable Goods Orders data be released and what impact could it have on EUR/USD?
US Durable Goods Order Data Overview The US Durable Goods order data is set to be released today at 12:30 GMT. The Census Bureau is anticipated to report a third consecutive decline in new orders for durable goods. However, this drop is expected to be moderate at 0.5%, a decrease from the larger 2.8% contraction […]
Prices of goods decrease, inflation remains low, despite the U.S. gathering record tariff income.
July Inflation Update Inflation remained stable in July, with the Federal Reserve’s key measure indicating a slight easing of cost pressures. This counters earlier predictions from Fed Chairman Jerome Powell regarding upcoming tariffs that will impact consumer prices. The personal consumption expenditure (PCE) price index saw a 2.6% increase from the previous year, aligning with […]
Crime group in California took $4 million in goods from Home Depot, committing theft 600 times.
A crime ring has reportedly stolen from Home Depot over 600 times in Southern California, totaling around $4 million in goods each year, according to officials. On Tuesday, Ventura County authorities announced charges against nine individuals involved in what has been termed the largest theft incident in Home Depot’s history. On August 14, investigators apprehended […]