KKR Real Estate: Q2 Earnings Snapshot
On a per-share basis, the New York-based company said it had a loss of 53 cents.
The real estate finance company posted revenue of $112.3 million in the period. Its adjusted revenue was $30.2 million.
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Miami Herald
an hour ago
- Miami Herald
Walmart launches plan to steal customers away from Target, Amazon
If you're looking for a deal, you probably think to wait until the holidays, when most retailers launch big Black Friday sales. This is a sound idea; the holiday shopping season remains the most lucrative time of the year for most retailers. Related: Walmart cracks down on a growing type of fraud But the back-to-school shopping season is kind of like Black Friday's little sister. "The back-to-school shopping period from July to mid-September is the second-biggest sales driver of the year after the holiday season," the U.S. Chamber of Commerce reports. Every year, usually in the weeks that lead up to late August or early September, most big-box retail stores hold their own versions of back-to-school sales. It may seem gimmicky to celebrate a pretty routine part of the year to get shoppers through the door, but it works. "Americans are expected to spend $38.8 billion on clothes and supplies for children in grades K-12, and $86.6 billion on college students," the U.S. Chamber of Commerce said, per a 2024 National Retail Federation report. But tariffs, rising prices, and inflation complicate this picture. Many families have indicated they'll either slow their spending or specifically shop at discount retailers in search of deals. Some retailers, like Walmart (WMT) , are poised to win in such an environment. Image Source: Jones/Bloomberg via Getty Images The late summertime is typically a busy shopping period for Walmart. Customers are shopping for vacation, outdoor activities, picnics, and barbecues. And the most prepared ones begin to trickle in around mid-July for back-to-school shopping. More Retail: Walmart makes drastic change to fight theft amid worrying trendTarget has new plan to win back customers with big savingsHome Depot makes clear statement amid boycott threatsFamous retail chain makes two more alarming store closures So Walmart has decided to roll back the cost of some crucial items for families. The Arkansas-based retailer has cut the price of its top 14 most popular items to prices lower than they were one year prior. Some items are as low as $0.25, and its popular private brand Wonder Nation backpack is less than $5 at just $4.98. All told, Walmart says a student can get outfitted for the new year for just $65. But tariffs, which are duties on imported goods, have complicated the typically profitable back-to-school shopping period. Walmart CEO Doug McMillon explained the complication during the Q1 2026 earnings call. "We started to see increases happen in April and through May. We've been really focused on back-to-school receipts," McMillon explained. "When you have an imported item, you pay the tariff at the time it comes through customs. And so the cost is higher, even if the tariff rate comes down later, the cost has been elevated. McMillon added that tariffs could touch certain items, including back-to-school supplies, with an outsized effect. "So I wouldn't think of this as a moment in time necessarily, except when you think about seasonal things like back-to-school." Other top retailers, including Target (TGT) and Amazon (AMZN) , are also hosting early back-to-school promotions. Amazon's Prime Day served as its early back-to-school launch. It featured deals on books, notebooks, and pens for as low as $3. And Target announced it would put over 20 items on sale for back-to-school. The Minnesota-based retailer said it was freezing the prices of these items at 2024 prices. It claims students can bundle most of their school essentials for just around $20. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Forbes
an hour ago
- Forbes
12 Finger Licking Good Deals For National Chicken Wing Day
A variety of flavors of jumbo chicken Wings and ranch It's time to celebrate another National Holiday centered around chicken! In 1977, Mayor Stan Makowski of Buffalo, New York, declared July 29 as National Chicken Wing Day, as this city is famous for its signature Buffalo wings. Don't worry about what to have for dinner this Tuesday; here's a list of places with incredible BOGO deals and freebies to celebrate National Chicken Wing Day. But hurry, these deals are only available for a limited time! Grab BOGO Wings At 7-Eleven 7-Eleven BOGO Wings 7-Eleven has two BOGO offers: purchase eight boneless wings and receive eight free, or buy five bone-in wings and get five free. This promotion is valid for 7Rewards and Speedy Rewards members on July 29 at participating 7-Elevens, Speedways, and Stripes locations across the country. Love That Chicken From Popeyes Popeye's Wings For a limited time only, until August 3, Popeyes is offering a free six-piece bone-in wings with any purchase of another bone-in wings order. If you prefer to stay on your couch, you can also get a BOGO deal on six-piece wings, either bone-in or boneless, by ordering through Uber Eats or DoorDash. DashPass members can buy one à la carte 6-piece Wings from Popeyes and get one free from July 24 to July 30. These irresistible deals are here for a short time, so act fast and don't miss out! Don't Skip Out On Applebee's Applebee's Wings Applebee's has a delicious deal just for you: on Tuesday, July 29, 2025, you can enjoy a Buy One, Get One Free offer on Boneless Wings or Classic Bone-In Wings for takeout, available for one day only! Whether you adore Classic Buffalo or are a big fan of Honey BBQ, now is a wonderful chance to indulge in double the flavor. You can also explore other tasty options like Sweet Asian Chile, Garlic Parmesan, Extra Hot Buffalo, and Honey Pepper. Simply visit or use the Applebee's mobile app to order your wings. When you check out, just enter promo code WINGDAY25 to enjoy this special carry-out deal—because sharing wings is always better! Buffalo Wild Wings Buffalo Wild Wings Boneless Wings The home of variety is joining the National Chicken Wing Day celebration! Spend $10 or more and savor six wings of your choice for free. With a diverse range of flavors like Honey BBQ, Spicy Garlic, and Mango Habanero, there's something to tantalize every taste bud. This special offer is available in-store, online, or through the app—use the promo code FREEWINGS at checkout. Enjoy the celebration and happy wing eating! Hooters Is The Place To Be Hooter's National Wing Day Promo With 15 signature sauces and six dry rubs, ranging from mild to fiery ghost pepper, there's a wing flavor for everyone to enjoy. Whether you love them smoked, boneless, or sauced, this BOGO deal is too irresistible to miss. Cool down this summer with Hooters' refreshing beer lineup, featuring options like Dos Equis Lager Especial, Michelob Ultra, Samuel Adams Summer Ale, Golden Road Mango Cart, and Kona Big Wave Golden Ale. Come and share some delicious wings with loved ones or friends and experience the excitement of their diverse flavors! Yes…Whataburger Has Wings, Too WhatAWings From Whataburger Enjoy nine free WhataWings with the purchase of one! You can take advantage of this special offer either through their convenient online ordering system or by using the app. It's a great way to indulge and make your meal even better, all from the comfort of your home! They've made it easy for you to enjoy this delicious deal without any hassle. TGI Fridays Has Entered The Chat Traditional Wings From TGI Friday's Even though it's Tuesday, heading to TGI Fridays is an excellent way to celebrate all day long! Enjoy delicious wings for just $0.50 each, and don't forget to pick your favorite sauce to make it even more special. Zaxby's Wings Are Pretty Legit Traditional Wings From Zaxby's Zaxby's is excited to offer rewards program members a chance to enjoy 10 free boneless wings! This special offer is available from July 28 to August 3, so don't miss out on this delicious treat. Be sure to add an order of their perfectly browned basket of toast! Visit East Coast Wings And Grill Traditional Wings From East Coast Wings & Grill East Coast Wings + Grill is celebrating National Chicken Wing Day with an exciting deal! You can enjoy wings for just 25 cents each when you buy any Pepsi product. Choose from a minimum of 10 wings up to 50, and explore over 50 unique flavors across seven heat levels—more than 420 delicious combinations to try! It's a fantastic chance to mix, match, and discover a new favorite wing flavor. Wings Over Are Seriously Good Wings Assortment Of Boneless Wings From Wings Over Wings Over is also thrilled to celebrate National Chicken Wing Day with a special, one-day-only deal! When you buy a 9-piece Boneless Wing Pack, you'll get a second one FREE. Just add two packs to your cart and use the code 9BPACK25 at checkout to enjoy the savings. Please note that this offer is only available online and through the app on July 29. It's a perfect chance to double up on wings and flavor—hop in and enjoy this exclusive deal! Get Tasty Wings From Winn Dixie And Harvey Supermarkets Stuff The Bucket At Winn Dixie For one special day, visit Winn-Dixie and Harveys Supermarket to enjoy their exciting 'Stuff the Bucket' offer! Whether you're craving a tasty snack or a hearty feast, you can fill your bucket with delicious chicken and receive $7 back in points as a little bonus. This fantastic deal is only available July 29, so don't miss your chance! Whether you love crispy drumsticks or spicy wings, the big bucket lets you load up on as much chicken as you'd like—just be sure the lid can close tightly. At only $16.99, it's a fun, finger-lickin' experience that rewards you for indulging in some great chicken. How to snag the savings before the deal flies the coop: Stop By Your Local Twin Peaks Traditional Wings From Twin Peaks Twin Peaks is excited to honor National Chicken Wing Day with a delicious special: buy six wings and get six free! Feel free to pick your favorite style — whether bone-in, boneless, breaded, or naked. Just a heads up, the Smoked & Grilled wings are excluded from this offer. Whichever you decide to feast on Tuesday, we want you to enjoy your wings to the fullest, so we're making sure you're in the know. Happy National Chicken Wing Day!
The Hill
an hour ago
- The Hill
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
WASHINGTON (AP) — When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold talks for the third time this year — this round in the Swedish capital, nearly four months after President Donald Trump upset global trade with his sweeping tariff proposal, including an import tax that shot up to 145% on Chinese goods. 'We have the confines of a deal with China,' Trump said Friday before leaving for Scotland. Bessent told MSNBC on Wednesday that the two countries after talks in Geneva and London have reached a 'status quo,' with the U.S. taxing imported goods from China at 30% and China responding with a 10% tariff, on top of tariffs prior to the start of Trump's second term. 'Now we can move on to discussing other matters in terms of bringing the economic relationship into balance,' Bessent said. He was referring to the U.S. running a $295.5 billion trade deficit last year. The U.S. seeks an agreement that would enable it to export more to China and shift the Chinese economy more toward domestic consumer spending. The Chinese embassy in Washington said Beijing hopes 'there will be more consensus and cooperation and less misperception' coming out of the talks. With an eye on a possible leaders' summit, Stockholm could provide some answers as to the timeline and viability of that particular goal ahead of a possible meeting between Trump and Chinese leader Xi Jinping. 'The meeting will be important in starting to set the stage for a fall meeting between Trump and Xi,' said Wendy Cutler, a former U.S. trade negotiator and now vice president at the Asia Society Policy Institute. 'Beijing will likely insist on detailed preparations before they agree to a leaders' meeting.' In Stockholm, the two sides are likely to focus on commercial announcements to be made at a leaders' summit as well as agreements to address 'major irritants,' such as China's industrial overcapacity and its lack of control over chemicals used to make fentanyl, also to be announced when Xi and Trump should meet, Cutler said. Sean Stein, president of the U.S.-China Business Council, said Stockholm could be the first real opportunity for the two governments to address structural reform issues including market access in China for U.S. companies. What businesses will be seeking coming out of Stockholm would largely be 'the atmosphere' — how the two sides characterize the discussions. They will also look for clues about a possible leaders' summit because any real deal will hinge on the two presidents meeting each other, he said. Fentanyl-related tariffs are likely a focus for China In Stockholm, Beijing will likely demand the removal of the 20% fentanyl-related tariff that Trump imposed earlier this year, said Sun Yun, director of the China program at the Washington-based Stimson Center. This round of the U.S.-China trade dispute began with fentanyl, when Trump in February imposed a 10% tariff on Chinese goods, citing that China failed to curb the outflow of the chemicals used to make the drug. The following month, Trump added another 10% tax for the same reason. Beijing retaliated with extra duties on some U.S. goods, including coal, liquefied natural gas, and farm products such as beef, chicken, pork and soy. In Geneva, both sides climbed down from three-digit tariffs rolled out following Trump's 'Liberation Day' tariffs in April, but the U.S. kept the 20% 'fentanyl' tariffs, in addition to the 10% baseline rate — to which China responded by keeping the same 10% rate on U.S. products. These across-the-board duties were unchanged when the two sides met in London a month later to negotiate over non-tariff measures such as export controls on critical products. The Chinese government has long protested that American politicians blame China for the fentanyl crisis in the U.S. but argued the root problem lies with the U.S. itself. Washington says Beijing is not doing enough to regulate precursor chemicals that flow out of China into the hands of drug dealers. In July, China placed two fentanyl ingredients under enhanced control, a move seen as in response to U.S. pressure and signaling goodwill. Gabriel Wildau, managing director at the consultancy Teneo, said he doesn't expect any tariff to go away in Stockholm but that tariff relief could be part of a final trade deal. 'It's possible that Trump would cancel the 20% tariff that he has explicitly linked with fentanyl, but I would expect the final tariff level on China to be at least as high as the 15-20% rate contained in the recent deals with Japan, Indonesia, Vietnam,' Wildau said. US wants China to dump less, buy less oil from Russia and Iran China's industrial overcapacity is as much a headache for the United States as it is for the European Union. Even Beijing has acknowledged the problem but suggested it might be difficult to address. America's trade imbalance with China has decreased from a peak of $418 billion in 2018, according to the Census Bureau. But China has found new markets for its goods and as the world's dominant manufacturer ran a global trade surplus approaching $1 trillion last year — somewhat larger than the size of the U.S. overall trade deficit in 2024. And China's emergence as a manufacturer of electric vehicles and other emerging technologies has suddenly made it more of a financial and geopolitical threat for those same industries based in the U.S., Europe, Japan and South Korea. 'Some enterprises, especially manufacturing enterprises, feel more deeply that China's manufacturing capabilities are too strong, and Chinese people are too hardworking. Factories run 24 hours a day,' Chinese Premier Li Qiang said on Thursday when hosting European Commission President Ursula von der Leyen in Beijing. 'Some people think this will cause some new problems in the balance of supply and demand in world production.' 'We see this problem too,' Li said. Bessent also said the Stockholm talks could address Chinese purchases of Russian and Iranian oil. However, Wildau of Teneo said China could demand some U.S. security concessions in exchange, such as a reduced U.S. military presence in East Asia and scaled-back diplomatic support for Taiwan and the Philippines. This would likely face political pushback in Washington. The Stockholm talks will be 'geared towards building a trade agreement based around Chinese purchase commitments and pledges of investment in the U.S. in exchange for partial relief from U.S. tariffs and export controls,' Wildau said. He doubts there will be a grand deal. Instead, he predicts 'a more limited agreement based around fentanyl.' 'That,' he said, 'is probably the preferred outcome for China hawks in the Trump administration, who worry that an overeager Trump might offer too much to Xi.'
