Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of its spectrum assets and its customers in a deal worth $4.4 billion. The deal includes cash and up to $2 billion of debt, according to a press release from T-Mobile. Up to $100 […]Read More
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. While revenue came in slightly below estimates, it was 6% higher than the year ago period and marked a new record for […]Read More
After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what had been several weeks of strengthening mortgage demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.05% from 7.01%, with points rising to […]Read More
Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue. The pharmacy chain said in a statement announcing a ‘summer of savings’ that the lower prices were in response to consumers’ ongoing struggles with elevated […]Read More
WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. A key reason for the delay in rate cuts is that the inflation […]Read More
Nikki Haley took a purple pen, crouched down in a tactical vest and signed an artillery shell while visiting Israel this week. “Finish Them!” she wrote. The former U.S. ambassador to the United Nations and Republican presidential candidate penned the message Tuesday while touring an artillery station along Israel’s northern border with Lebanon. It was […]Read More
Supreme Court Justice Samuel A. Alito Jr.’s reason for skipping Joe Biden’s inauguration on Jan. 20, 2021, was presented by the court’s spokeswoman: Several justices, presumably including Alito, “elected not to attend the inauguration ceremony in light of the public health risks posed by the COVID pandemic.” So where were Alito and his wife headed […]Read More
A federal judge in California on Monday threw out the entirety of a lawsuit by Elon Musk’s X against the nonprofit Center for Countering Digital Hate (CCDH), ruling that the lawsuit was an attempt to silence X’s critics. “X Corp.’s motivation in bringing this case is evident,” U.S. District Judge Charles R. Breyer wrote in […]Read More
Justice Samuel A. Alito, Jr. on Wednesday rejected calls to recuse himself from Jan. 6-related cases at the Supreme Court after Democratic lawmakers questioned whether he could be impartial following reports that an upside-down flag flew at his home in the weeks after the attack on the U.S. Capitol in 2021. In a letter to […]Read More
The presidential campaign of independent candidate Robert F. Kennedy Jr. announced Wednesday it had filed a complaint with the Federal Election Commission about Kennedy’s potential exclusion from a planned June 27 debate on CNN between President Biden and former president Donald Trump. In the complaint, filed on Tuesday, Kennedy’s campaign alleges that Biden, Trump, their […]Read More
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