Business

The source of your spouse’s debt problems should inform how you both approach the issue.

Rep. Ayanna Pressley announced federal job guarantee legislation at the CBC Foundation's conference, highlighting racial unemployment gaps and financial pressures on Black families. Panelists discussed how Black women's unemployment affects household income, health coverage, and children, while emphasizing community resilience and systemic policy failures requiring urgent action.

Wall Street is gearing up for Anthropic’s expected mega initial public offering, a major test of investors’ appetite for one of the AI industry’s leading firms. Just weeks ago, its CEO called for an industry-wide slowdown over growing safety concerns.

Touchscreens and self-checkout machines were designed to help customers. But restaurants and retailers are ditching them to humanize stores and attract workers.

The US-Canada trade war escalates as Canada imposes 15% to 50% tariffs on $20 billion of American goods, matching Trump's earlier duties. Trump threatens to ban Bombardier jet sales unless production moves stateside, while talks remain stalled over French-language content rules and auto tariffs, with both economies bracing for deepening economic fallout.

The FTC and 22 states sued Amazon, alleging the company secretly manipulated its advertising auction system since 2018 to overcharge 1.2 million advertisers by more than $20 billion, with costs passed to shoppers. Amazon strongly disputes the claims, calling the lawsuit misguided and citing advertiser savings from prioritizing ad relevancy over bid price.

Capital One disclosed in a court filing that it closed more than 300 accounts linked to the Trump Organization in 2021, citing anti-money laundering concerns. The bank's statement denies the Trump Organization's assertion that the account closures were politically motivated.

McDonald's has reported its slowest US sales growth since 2025, registering a mere 0.8% increase in the second quarter, a performance attributed to operational inefficiencies caused by an abundance of promotional offerings. This significant development has led to immediate leadership changes, including the departure of US President Joe Erlinger, and a strategic pivot towards re-evaluating its menu and implementing new app-based deals to re-engage its frequent customers.

Financial experts are encouraging households to conduct a mid-year budget reset to adapt to rising living costs and shifting personal priorities.

Microsoft has announced the elimination of approximately 4,800 jobs, representing 2.1% of its global workforce, with its Xbox gaming unit experiencing significant reductions. The company attributes these cuts to a rapidly changing business environment and the necessity to 'reset Xbox' amid evolving technological landscapes and increased investment in artificial intelligence.