Christmas is still eight months away, but artificial tree maker Lou Liping is already worried about a bad holiday season due to the Iran war. Lou’s company, Kitty Christmas Factory, has been making artificial trees for the U.S. and European markets for nearly three decades. Her facility is based in the city of Yiwu, known…
U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday. Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering…
Halfpoint Images | Moment | Getty Images There’s a bipartisan effort in Congress to help family caregivers save more for retirement. A bill introduced in both the House and Senate last week would ease Roth IRA contribution rules for caregivers. Another measure, also proposed in both chambers, would allow caregivers of any age to make…
Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. “Simply…
A view shows a second-generation R1S at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters A tornado damaged part of Rivian Automotive‘s factory in central Illinois over the weekend, according to a message sent to employees Sunday night by CEO RJ Scaringe that was viewed…
Eli Lilly will acquire biotech company Kelonia Therapeutics in a deal worth up to $7 billion, the company said Monday. Lilly will pay $3.25 billion upfront, and the remaining payments are contingent upon clinical, regulatory and commercial milestones, it said. The transaction is expected to close in the second half of 2026. Kelonia is developing…
A Jersey Mike’s restaurant in Walnut Creek, California, Nov. 21, 2024. David Paul Morris | Bloomberg | Getty Images Jersey Mike’s has confidentially filed for an initial public offering, the company said on Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that…
Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Fifty days into the U.S.-Israel war with Iran, tensions escalated again after clashes in the Gulf…
Paul Bradbury | Ojo Images | Getty Images College graduates in the Class of 2026 are stepping into a radically different student loan landscape, one with fewer repayment options and stricter rules on debt forgiveness compared to previous years. The revisions to the federal lending system follow the passage of President Donald Trump‘s “big beautiful bill”…
Nurphoto | Nurphoto | Getty Images Many Americans are turning to artificial intelligence for financial advice. But getting good or bad advice depends a lot on how well users write their instructions — or prompts — to AI platforms. “I think that there’s a real art and science to prompt engineering,” Andrew Lo, director of…