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Federal Reservein Financial Markets
2 hours ago

Rising Japanese bond yields contrast with the Supreme Court's ruling that limits Trump's power over the Fed, preserving Powell's role while expanding his authority over other regulators.

Financial Markets
Bankrupt retail chain closing 100s of store locations
negativeFinancial Markets
A major drugstore chain is shutting down hundreds of stores after filing for bankruptcy, leaving employees and customers scrambling. Court documents confirm the closures, though the exact locations and timeline aren’t fully clear yet.
Editor’s Note: This isn’t just about empty storefronts—it’s a ripple effect. Workers lose jobs, neighborhoods lose convenient pharmacies, and it’s another sign of how tough things are for brick-and-mortar retail. If you rely on this chain for prescriptions or essentials, start checking alternatives now.
Ross Stores stock tumbles on weak guidance, tariff concerns
negativeFinancial Markets
Ross Stores, the discount retail giant, saw its stock take a nosedive after issuing weaker-than-expected sales forecasts and flagging worries about how tariffs might squeeze their profits. Basically, investors got spooked by the combo of sluggish growth and potential cost hikes from trade policies.
Editor’s Note: This isn’t just about Ross—it’s a red flag for bargain-focused retailers and a sign that even discount chains aren’t immune to economic headwinds. If tariffs start biting, those "cheap chic" deals might get harder to pull off, and shoppers could feel the pinch too.
Ross Stores Withdraws Outlook Due to Tariffs, Posts Lower Profit
negativeFinancial Markets
Ross Stores, the popular discount retailer, had a rough first quarter with lower-than-expected profits. The company is also pulling back its full-year financial forecast, blaming tariffs for squeezing their earnings. Basically, they’re not sure how much the trade war will hurt them down the line, so they’re playing it safe by not making promises to investors.
Editor’s Note: Ross Stores is a bellwether for budget-conscious shoppers, so when they struggle, it’s a sign that even discount retailers aren’t immune to broader economic pressures—like tariffs. If tariffs keep biting into profits, shoppers might see fewer deals or higher prices, which could ripple across the retail sector. It’s a reminder that trade policies don’t just affect big manufacturers; they hit Main Street, too.

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