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Dallas emerges as magnet for wealthy buyers as high taxes weigh on luxury markets, broker says12:19 Mauricio Umansky says taxes and regulation are playing a bigger role in where wealthy buyers choose to live and invest, with Dallas emerging as a key beneficiary. Single Powerball ticket sold in Illinois wins $1.04 billion jackpot, eighth-largest in US history7:31 Wednesday s Powerball drawing produced a single Illinois winner who matched all six numbers to claim the $1.040 billion jackpot, eighth-largest ever. Costco brings back fan-favorite Kirkland treat after two-year absence7:31 Red bags of Kirkland Signature chocolate chips are back at Costco after rising cocoa prices forced the company to pull them from warehouse shelves in 2024. McDonald's serving up new kind of energy boost on menus nationwide3:45 McDonald s is teaming with Red Bull and expanding its specialty drink lineup as the fast-food giant works to drive customer traffic at its U.S. restaurants Whole Foods recalls salsa, guacamole and prepared foods in 12 states over salmonella concerns3:45 Whole Foods recalled salsas, guacamole, pico de gallo and prepared foods containing jalapeños linked to a salmonella outbreak sickening 345 people. Ford boosts US Lincoln production as it phases out imports from China2:41 Ford is planning a significant change to Lincoln s manufacturing footprint beginning in 2030 as the automaker expands its commitment to American production. Major supermarket chain closes at least 39 stores as nationwide overhaul takes shape1:38 The grocery giant is closing underperforming locations across several banners, with some stores being consolidated into larger-format locations. New Social Security COLA estimates released after fresh inflation data22:27 Social Security 2027 COLA estimates range from 3.2% to 3.6% after July CPI inflation data showed consumer prices rose 3.4% from a year ago. Tesla files plans for proposed $10.1B Texas solar manufacturing plant21:23 Tesla, led by Elon Musk, is looking to build a massive solar panel factory just outside Houston, Texas, according to documents filed with the state. Home Depot CEO takes medical leave of absence20:19 Home Depot said it expects President and CEO Ted Decker to return within the next few months as senior leaders take on temporary responsibilities. Novo Nordisk CEO sees ‘long runway’ for weight-loss drugs as obesity grips America18:11 Novo Nordisk CEO argues weight loss drugs could slash health care costs and boost productivity as GLP-1 adoption remains in its early innings. Slowing labor market creates new hurdle for first-time homebuyers facing affordability squeeze17:39 High mortgage rates and a weakening labor market are squeezing first-time homebuyers who struggle to save for down payments as wages fail to keep pace with inflation. Bob Iger, Josh Kushner shockingly purchase Lakers months after Mark Walter became majority owner17:07 Media executives Bob Iger and Joshua Kushner have pulled off a stunner, purchasing the Los Angeles Lakers for a record price of over $12 billion Inflation cooled in July but remained elevated as Fed weighs rate hikes14:58 The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated. Bank of America unveils $250B initiative to modernize US infrastructure12.srpna Bank of America is launching a $250 billion initiative to finance US data centers, energy, semiconductors, transportation and other critical infrastructure |
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