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Business News

Location American Business News for 20 August 2026
Rushed CLARITY Act vote could set legislation back, Gallego warns Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches.
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Home Depot faces uphill battle amid a growing customer problem Home Depot is working to strengthen its business as a growing customer problem puts pressure on sales.
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Trump threatens 'tremendous economic consequences' on any country helping Iran It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.
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Gold Loses Some of Its Shine After Yesterdays Leap

Wall Street Journal - 20 Aug 2026 15:26
Gold prices are off their highs from Wednesday, when a steep drop in Treasury yields fueled a surge in bullion.
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Walmart Posts Weakest Sales Growth in Over Six Years

Wall Street Journal - 20 Aug 2026 13:45
Walmart Posts Weakest Sales Growth in Over Six Years E-commerce, membership and advertising are driving the retailers growth. Walmarts stock opened 8% lower in Thursday morning trade.
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Did Bessent Put the Fed in a Bind?

The New York Times - 20 Aug 2026 13:36
Did Bessent Put the Fed in a Bind? The Treasury Departments plan for bond interventions has calmed markets. But Wall Street is worried about the fallout for inflation and more.
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Modernas Shift to Cancer Company Lifts Stock Up 177%

The New York Times - 20 Aug 2026 13:21
Modernas Shift to Cancer Company Lifts Stock Up 177% The companys fortunes cratered as demand for Covid-19 vaccines plummeted. But it was busy working on something else.
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Founder of Chinas Evergrande jailed for life after pleading guilty to fraud Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live - latest updatesThe founder of Evergrande, one of Chinas largest property developers, has been sentenced to l...
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The Singapore dollar weakened slightly against its U.S. counterpart in the Asian session as traders weighed the Treasury Departments announcement Wednesday that it will buy back more of its longer-term debt.
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Asias Businesses Struggle to Shake Off the Sway of Their Founding Families A leadership shake-up at Tata Sons has highlighted the challenges facing Indias family-founded behemoths.
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US national debt passes $40tn after doubling in a decade It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.
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Nikkei Rises 0.6%, Tracking Wall Streets Gains

Wall Street Journal - 20 Aug 2026 01:08
Japanese shares were higher in early trade, tracking Wall Streets gains overnight.
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Oil Futures Fall on Likely Technical Correction

Wall Street Journal - 20 Aug 2026 23:51
Oil futures fell on a likely technical correction after the futures rose for a fifth consecutive session on Thursday.
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Ross Stores Boosts Outlook on Growing Demand for Off-Price Retail The off-price retailer now forecasts earnings per share of $8.61 to $8.77 for the year as its second-quarter profit and sales gained on higher traffic.
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Walmart's $675 6-person wicker patio set is on sale for $299 The Elposun Patio Furniture Set, which includes two corner chairs, four armless chairs, and a table, is 56% off at Walmart.
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Only two consumption funds gave over 10% SIP returns in 3 years, while one scheme posted less than 1%: Here's why Consumption funds have delivered widely different returns over the past three years, despite focusing on the same broad theme. Find out what drove this divergence, the role of stock selection, key sectors, and the risks ...
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How much could Trump's 'economic D-Day' hurt Iran? Iran has so far proved adept at finding ways around years of already punishing sanctions on its economy.
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Why the US economy is ringing alarm bells The US hit a debt milestone this week, but just how worried should we be about the world's largest economy?
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How landscape gardening is being electrified The switch to quieter electric equipment is not going as fast as some would like.
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Millennials are struggling to buy a home - but is it actually getting easier? Twenty-somethings are much less likely to own a home than previous generations. But data suggests things may be turning a corner.
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The New York Times Loses Defamation Lawsuit in Alabama

The New York Times - 20 Aug 2026 23:09
The New York Times Loses Defamation Lawsuit in Alabama A 2023 article incorrectly reported that a University of Alabama basketball player was at the scene of a deadly shooting. A jury awarded $9.25 million in damages.
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Woman Charged in Alleged Plot to Bomb the New York State Capitol A criminal complaint outlines the sting operation that led the FBI to apprehend 35-year-old Jessica Bowie.
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