Skip to main content

US Business News

Markets

Procter & Gamble Cost Hit Rises to $1.4B Despite 4% Sales Gain

Procter & Gamble Cost Hit Rises to $1.4B Despite 4% Sales Gain

Procter & Gamble raised its projected fiscal 2027 after-tax cost burden to $1.4 billion on October 22, up $400 million from July, even as quarterly sales rose 4% to $23.28 billion. The higher Procter & Gamble cost hit reflects pressure from materials, energy and freight, while narrower profit margins and strained household budgets complicate pricing decisions.

Costco Results Show Strength in U.S. Consumer Spending

Costco Results Show Strength in U.S. Consumer Spending

Costco reported stronger-than-expected fourth-quarter results on September 24, with revenue reaching $95.72 billion as comparable sales increased. The retailer said customer traffic and purchasing activity remained solid, providing a current business indicator of how

General Mills Expands Cost Cuts and Product Innovation

General Mills Expands Cost Cuts and Product Innovation

General Mills cost cuts are taking a central role in the company’s fiscal 2027 strategy, with the food manufacturer targeting at least $750 million in savings while increasing its focus on product innovation and

U.S. Petroleum Reserve Falls to 285.4 Million Barrels

U.S. Petroleum Reserve Falls to 285.4 Million Barrels

The U.S. Strategic Petroleum Reserve held 285.4 million barrels after inventories fell by about 1.2 million barrels in the latest week, according to Department of Energy data. The stockpile reached its lowest level since

Bond Investors Stay Cautious Before Federal Reserve Decision

Bond Investors Stay Cautious Before Federal Reserve Decision

Bond investors entered the Federal Reserve’s July policy meeting with limited portfolio changes as inflation uncertainty and higher energy prices complicated the interest rate outlook. Market participants largely expected rates to remain unchanged while

Commerce Signals New U.S. AI and Semiconductor Rules

Commerce Signals New U.S. AI and Semiconductor Rules

The Commerce Department is preparing further regulatory action covering artificial intelligence and semiconductors, Under Secretary Jeffery Kessler told lawmakers on July 14, 2026. The remarks matter to chipmakers, cloud providers, and exporters because they

U.S. Trade Gap Widens as Goods Imports Increase

U.S. Trade Gap Widens as Goods Imports Increase

The U.S. trade gap expanded significantly in May after imports climbed across several major product categories, pushing the nation’s goods trade deficit to its highest level in 14 months, according to advance data released

EIA Reports Sharp Decline in U.S. Crude Oil Inventories

EIA Reports Sharp Decline in U.S. Crude Oil Inventories

U.S. crude inventories fell by 7.2 million barrels during the week ended June 5 as refiners increased processing activity, according to new data released by the U.S. Energy Information Administration (EIA). The report also

US PCE Inflation Reaches Highest Level Since 2023

US PCE Inflation Reaches Highest Level Since 2023

US PCE inflation accelerated in April 2026 as the U.S. Department of Commerce reported that the personal consumption expenditures price index recorded its strongest annual increase in three years, adding a significant data point

AI Restructuring Drives New Wave of Corporate Layoffs

AI Restructuring Drives New Wave of Corporate Layoffs

AI restructuring accelerated a new round of corporate layoffs as major employers in the finance, retail, and technology sectors announced additional workforce reductions during the first week of May 2026.  Several U.S.-based firms confirmed

ADNOC Reviews 29 Deals for Major US Gas Expansion

ADNOC Reviews 29 Deals for Major US Gas Expansion

Abu Dhabi National Oil Company (ADNOC) moves to deploy tens of billions of dollars into building a natural gas business in the United States, according to its overseas investment strategy currently under evaluation through

Cautious Consumption Drives Value Messaging for U.S. Retailers

Cautious Consumption Drives Value Messaging for U.S. Retailers

Cautious consumption is influencing how U.S. retailers communicate with shoppers, price their products, and design their assortments. As consumers weigh purchases more carefully, value messaging is becoming a central strategy, not just in discount-heavy