When the US consumer is weakening, Walmart is usually one of the last dominoes to fall. When economic conditions get tough, low-income shoppers rely on it even more. It’s also become a destination for higher-income consumers looking to cut costs. That’s what made Walmart’s first comparable-sales loss in six years particularly hard to swallow on
This is an as-told-essay based on a conversation with Joslyn Kelly, owner of J’s Breakfast Club in Gary, Indiana, which experienced a major power outage following a derecho, or a widespread, long-lived wind storm, on August 11. As of Thursday evening, over 57,000 customers remained without power, according to Northern Indiana Public Service Co. This
Walmart, America’s largest retailer and one of its most critical economic bellwethers, just sent a worrying message. The firm beat second-quarter earnings estimates and lifted its full-year guidance, but unveiled several worrying figures that suggest US consumers aren’t doing so hot. Shares of the 64-year-old retail giant tumbled as much as 9% to a 2026
Trump Accounts will focus on the S&P 500 to keep investing “as simple as possible,” said Robinhood CEO Vlad Tenev. In an interview with CNBC released on Wednesday, Tenev was asked whether Trump Accounts users will only have the option to invest in the S&P 500 via the platform in the long term. Trump Accounts
Seventeen years after becoming the most legendary bank robber of the internet age, Anthony Curcio was again inside a federal courtroom facing prison. It was January 17, 2026. Dressed in a casual blue suit and loose tie, the 45-year-old still possessed the handsome bad-boy charm that long had Hollywood producers after him. Once the high
For most of American history, financial adulthood arrived with a recognizable set of keys: the house keys, the car keys, the filing cabinet where you kept the insurance paperwork. The timing was fairly predictable—late 20s, early 30s at the outside. Then it took a while longer to get the keys. A new survey from fintech