Plans to open a banking hub in a church building have been revealed. Bank-owned Cash Access UK has applied to temporarily convert an “underused office” to the east of Crowthorne Baptist Church on High Street in Crowthorne, Berkshire, into the hub for up to three years. The hubs provide cash and basic banking services from a…
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty Images The fate of many of President Trump’s tariffs is uncertain after a string of court rulings this week….
Sarah Smith North America editor Getty Images Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them – as his economic weapon of choice. He has slapped import duties against allies and adversaries alike, and raised their rates to staggeringly high levels, only to change his mind and…
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters BEIJING — U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News in…
Watch: “We will win this battle in court” – White House on tariff ruling US President Donald Trump can keep collecting import taxes for now, an appeals court has said, a day after a trade ruling found the bulk of his global tariffs to be illegal. A federal appeals court granted a bid from the…
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Shares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8% year-over-year sales gains. Unlike many retailers, Costco does not provide…
American Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic uncertainty. “The first quarter was a challenging period for our business,” CEO Jay Schottenstein said in a release. “While we are…
Check out the companies making headlines in extended trading. Gap — The apparel stock plummeted more than 16% as lackluster second-quarter revenue guidance overshadowed an earnings beat for Q1. Gap expects Q2 revenue to remain about flat year over year. Analysts expected a forecast calling for a slight gain. Costco — The wholesale retailer reported…
Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook,…
Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to…
