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Wells Fargo has cut its workforce by 25% since 2020, from 275,000 to roughly 210,000 employees, with new layoffs in February targeting loan servicing roles that AI and automation can handle.
Tesla registered just 8,075 vehicles in Europe in January 2026, a 17% decline marking 13 consecutive months of falling sales. BYD registered 18,242 vehicles, surging 165% year-over-year.
Earnings from Walmart, Lowe's, TJX, and CAVA all reveal the same pattern: affluent consumers are spending freely while lower and middle-income Americans cut back, trade down, and stretch budgets.
Home prices have surged 53% since 2019 while incomes grew just 24%. New research from Fortune suggests the crisis is driven by wealthy buyers, not a lack of supply, upending conventional wisdom.
Despite the Supreme Court striking down Trump's IEEPA tariffs, economists say prices won't fall. The average household still faces $800 in tariff costs under Section 122, with the effective rate at 9.1%.
Walmart reported general merchandise inflation above 3% in Q4, driven by tariffs on electronics, appliances, and furniture. The retailer warned it will pass costs to consumers as Target's sales decline.
Trump urged Congress to pass the Stop Insider Trading Act during his State of the Union, receiving bipartisan applause and taking a direct shot at former Speaker Nancy Pelosi.
Global investors are increasingly treating Trump's tariff announcements as noise, embracing the 'TACO' trade pattern where markets dip on threats and rally on walk-backs.
During the State of the Union, Trump announced a government-backed retirement match of up to $1,000 per year for the 57 million American workers who lack employer-sponsored 401(k) plans.
IBM suffered its worst single-day decline in 25 years after Anthropic demonstrated that Claude Code can modernize COBOL applications, threatening the $200 billion legacy IT services industry.
Existing home sales dropped 8.4% in January to 3.91 million units, the lowest since 2024, while median prices hit a January record of $396,800. The NAR is calling it a 'new housing crisis.'
TJX Companies reports Q4 fiscal 2026 earnings with analysts expecting $1.38 EPS and $17.4 billion in revenue as tariffs strengthen the off-price retail model.