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As warehouse clubs boom, Walmart-owned Sam’s Club plans to open 15 stores per year
Sam's Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane.Sam's ClubDALLAS, Texas —…
Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion
Autoworkers at Nissan's Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — As…
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That's the highest rate since mid-February.Mortgage rates have been on a roller coaster ride all week, as…
Walmart says Trump tariffs could hit quarterly profits as it tries to keep prices low
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesDALLAS — Walmart on Wednesday scrapped its outlook for operating income in the first quarter, citing uncertainty about the…
Elon Musk’s xAI is polluting air in Memphis, using more gas turbines than permitted,
Elon Musk's xAI, the artificial intelligence startup trying to take on OpenAI, is facing scrutiny in Memphis, Tennessee, for alleged environmental violations at its data center.In a letter sent to the Shelby County Health Department on…
Trump tariffs mean higher prices, big losses for Amazon sellers that source from China
President Donald Trump's aggressive tariff policy on April 2 didn't just cause mayhem in the stock market. It sent Amazon sellers into a panic.Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and…
Freight orders surge on Trump tariffs trade whipsaw: ‘The ships are filling up’
President Donald Trump's decision to pause tariffs on trading partners around the globe may have eased some of the market's worst fears, but the big swings in stocks and bonds that have continued in the markets match a pervasive feeling…
Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates
A for-sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesVolatility in financial markets caused a sharp drop in mortgage interest rates last week, which resulted in a big spike…
Modelo owner Constellation Brands outlook disappoints as tariffs weigh on forecast
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. …
Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Canada's 25% auto tariffs took effect Wednesday on U.S.-produced…