Business

Target recalls 200,000 children’s sandals over potential choking hazard: CPSC

Target is recalling more than 200,000 children’s sandals over the potential risk of “serious injury or death” from a choking hazard. About 211,000 Cat & Jack Toddler Girls’ Sequerah Sandals are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.The choking hazard concern is due to…

IRS raises business mileage deduction rate amid fuel price surge

The IRS this week announced changes in the amount taxpayers may deduct in gas used per mile while operating a vehicle for business for the remainder of the year amid higher gas prices. The tax collection agency noted that the change “results from recent increases in the price of fuel”…

LARRY KUDLOW: A new Goldilocks — Strong growth and falling prices

After two great inflation numbers where the level of both consumer and producer prices actually declined in June from the prior month, reported out Tuesday and Wednesday, today we get another big number this time on retail sales — also known as consumer spending. Core sales have risen 8 percent…

Ikea to close locations in 2 states

Ikea shoppers in Charlotte and Austin will soon have fewer options for home design consultations and pickup services. The Sweden-founded retail giant is closing its South Charlotte and Austin-Domain, Texas, “Plan & order point with Pick-up” locations on Aug. 30, 2026, according to notices posted on the company’s website.The smaller-format…

7-Eleven details plans to close 645 stores

The parent company of 7-Eleven convenience stores shed more light on its plan to close hundreds of stores in the U.S. this year. Parent company Seven & i Holdings indicated in a filing earlier this year that it planned to close 645 7-Eleven stores in the company’s fiscal year 2026.Seven…

Mortgage rates jump to highest level in almost a year

close video Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.55% – the highest level since August 2025…