High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart (WMT) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a recession may be coming.

Target Corp. (TGT) reported earnings… and they basically missed the broad side of the barn. That’s unfortunate. Target was once a great company and a fantastic stock. Maybe it will be again someday… but I don’t think that’s coming anytime soon.

The U.S. House narrowly passed President Donald Trump's sweeping tax-cut bill Thursday, triggering a spike in Treasury yields as investors reacted to the bill's multi-trillion-dollar price tag and its long-term implications for debt sustainability.

For those who know Pritzker, the senior fellow of the Harvard Corporation, it is no surprise that the 66-year-old Chicago billionaire wants the university to fight back, even if the costs are steep.

Former President Barack Obama's first chief of staff, Rahm Emanuel, is warning President Donald Trump that his "big, beautiful bill" hands a huge gift to Democrats. Trump demanded that his GOP majority in the House and Senate pass a single bill that contains an extension of his 2017 tax cuts,

NATO members delivering on U.S. defense spend demands would be "very, very difficult," Greek Prime Minister Kyriakos Mitsotakis told CNBC. The current defense spending target for NATO members is 2% of their GDP.

Target's CEO, Brian Cornell, has issued a stark warning about the potential impact of Trump's tariffs on the company's operational costs. As these tariffs continue to exert pressure, Target's decision could significantly affect American consumers.

The First Minister was speaking after the US President claimed incentivising drilling rather than ‘unsightly windmills’ would reduce energy costs.

WASHINGTON (AP) — A federal judge on Friday permanently blocked another of President Donald Trump’s executive orders targeting a major law firm, calling it unconstitutional retaliation designed to punish lawyers for their legal work that the White House does not like.