Section
Business
Walmart Recalls Stephan Baby Toys For Choking Hazard
Walmart recalled 227,500 Stephan Baby Boo Bunnie and Friends toys due to choking and laceration risks. The toys contain plastic cubes that can crack into sharp pieces, prompting refunds or credits from Stephan Baby.
Latest in Business
Ford Recalls 420,000 Vehicles For Seat Belt Defect
Ford Motor Co. is recalling nearly 420,000 vehicles due to a seat belt defect that may cause injury in a crash. The recall affects 2018–2022 Ford Expedition and Lincoln Navigator models and expands on earlier actions related to the same issue.
6 Million Children Enroll in Trump Accounts
Nearly 6 million children have enrolled in Trump Accounts, new tax-advantaged savings accounts for minors launching July 4. The accounts allow contributions without requiring the child to have earned income.
9/11 Memorial Launches $75 Million Youth Education Campaign
The 9/11 Memorial and Museum launched The Never Forget Fund to teach U.S. youth about the 2001 attacks. The campaign will support exhibits, classroom resources, and free access for students, first responders, and veterans.
U.S. Home Delistings Hit Highest Since 2020
In April 2026, 5.8% of U.S. home listings were taken off the market, matching the highest delisting rate since March 2020. Atlanta had the highest metro delisting rate at 10.7% among the 50 largest U.S. metropolitan areas.
Older Student Parents Face Higher Eviction Rates
Student parents aged 35 to 39 face double the eviction filing rate of nonstudent peers. Richard Davis and Nick Graetz cite systemic gaps in financial aid and housing support.
Congress Expands Low-Income Housing Tax Credit
Congress approved the largest expansion in decades of the Low-Income Housing Tax Credit program. Researchers say it fails to reach the poorest households and underperforms compared to rental vouchers.
Trump Administration Considers Tariff on Australia For Forced Labor Imports
The Trump administration may impose a 12.5% tariff on Australia for failing to enforce bans on forced labor imports. U.S. Trade Representative Jamieson Greer called such failures unacceptable and harmful to American workers.
Social Security Administration Cuts 7,100 Jobs in 2025
The Social Security Administration eliminated over 7,100 positions in 2025, its largest workforce reduction ever. It also closed six regional offices and removed key customer service metrics from its website.
S&P Dow Jones Proposes Easing MegaCap Listing Rules
S&P Dow Jones Indices proposed waiving key listing requirements for MegaCap companies. The changes would shorten seasoning periods, drop earnings rules, and reduce public float thresholds.
Remote Work Linked to Rise in Youth Unemployment
New York Fed researchers found remote work may explain 64% of increased youth unemployment since the pandemic. Recent college grads aged 22 to 27 face a 5.6% unemployment rate.
Scripps-DirecTV Blackout Silences 54 Local Stations
Scripps and DirecTV failed to renew their retransmission agreement, blacking out 54 local stations across 36 markets. DirecTV says Scripps demanded unprecedented rates for programming available free over-the-air.
Palo Alto Networks Tops Q3 Revenue and EPS Estimates
Palo Alto Networks reported $3 billion in third-quarter revenue, exceeding forecasts. CEO Nikesh Arora cited rising demand amid new AI-driven cybersecurity threats.
Okta Executive Criticizes $18 Expense Review and Intern Cuts
Okta COO Eric Kelleher called an $18-over expense report review wasteful and criticized teams for defunding intern programs. He argued interns bring fresh perspectives and urged hiring them in greater numbers.
Victoria's Secret Tops Earnings Forecasts, Lifts Full-Year Guidance
Victoria's Secret reported first-quarter earnings of $0.60 per share, nearly doubling Wall Street expectations. The company raised its full-year sales forecast to $7.13 billion and cited reduced promotions and stronger regular-price selling as key drivers.
Fed Likely to Hold Rates Steady in June 2026
The Federal Reserve is expected to keep interest rates unchanged at its June 2026 meeting. Mortgage rates have risen in 2026 despite no official Fed rate hikes this year.
Trump Lowers Some Steel and Aluminum Tariffs
President Donald Trump lowered tariffs on certain steel, aluminum, and copper imports effective June 2, 2026. The changes reduce rates to 15% for agricultural and HVAC equipment and set new eligibility rules based on trade agreements and production methods.
Six States Sue Trump Administration For Wind Lease Cancellation
Six states sued the Trump administration for paying TotalEnergies to cancel offshore wind leases. They argue the deal violates federal law and threatens clean energy jobs and savings.
Teen Summer Hiring Hits Record Low in 2026
U.S. teens are projected to gain 790,000 summer jobs in 2026, the lowest since 1948. Rising inflation, weaker hiring in retail and restaurants, and economic pressures contribute to the decline.
Andrew Left Convicted of Securities Fraud
A federal jury convicted Andrew Left of 13 securities fraud counts. He faces up to 25 years in prison at his August 31 sentencing.
Labor Department Proposes Allowing Crypto in 401(k) Plans
The U.S. Department of Labor proposed permitting 401(k) plans to invest in cryptocurrency and private assets. Critics including Senators Sanders and Warren warn the move risks retirees' savings.
Pell Grant Recipients Face Higher Food Insecurity
Pell Grant recipients are nearly twice as likely as non-recipients to experience food insecurity. Marián Vargas says current aid levels are insufficient to meet students' basic needs.
Trump Administration Repeals ATF 'Zero Tolerance' Policy
The Trump administration repealed Biden's ATF 'zero tolerance' policy in 2025 and reduced gun enforcement. Former ATF official Marianna Mitchem warned this could increase gun trafficking and violent crime.
FIFA Ticketing Probed by NY, NJ For Pricing
New York and New Jersey attorneys general are investigating FIFA's 2026 World Cup ticketing practices. They cite concerns about misleading seat details, dynamic pricing, and prices as high as $33,000.