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Deputy Treasury Secretary Michael Faulkender is stepping down from his post, after having played what Treasury Secretary Scott Bessent said was a “critical role” at the department.”I would like to thank Deputy Secretary Faulkender for his dedication and service,” Bessent said in a statement provided by the Treasury Department that didn’t specify why Faulkender is leaving. “He has played a critical role in overseeing the U.S. Department of the Treasury’s operations and executing on President Trump’s bold economic agenda.”Faulkender didn’t immediately respond to a call seeking comment. The Wall Street Journal earlier reported Faulkender’s departure. Trump ally Laura Loomer posted…

Compliance solutions provider Ideagen has acquired Reactec, a provider of wearable technology with data analytics. Reactec’s workplace wearables and cloud-based analytics enable businesses to manage workplace hazards such as exposure to vibration, dust, noise and proximity to hazards. By integrating Reactec’s wearable technology platform with Ideagen’s suite of environmental health and safety software, customers will gain access to tools to monitor and manage workplace health and safety risks. … Net at Work, business tech and advisory solutions provider, has acquired AppSolute Consulting Group, an IT services firm, in a deal that includes AppSolute’s managed services practice, and Sage and Acumatica…

The dozen U.S. states that implemented a refundable child tax credit program in the wake of the pandemic held down child poverty rates relative to states that didn’t act, according to an analysis by Columbia University’s Center on Poverty and Social Policy.The research evaluated how many children were projected to be lifted out of poverty because of the state initiatives, and how that compared with the impact from a one-year Covid-era federal program that expired at the end of 2021.Many of the state-level credits were set in place or expanded as it became clear Congress wouldn’t quickly come to a…

Customer with shopping cart in the snack aisle of a Walmart store in Florida City, Florida, Aug. 5, 2025.JC Milhet | AFP | Getty ImagesAs some of the biggest names in retail, including Walmart and Home Depot, delivered earnings results in recent weeks, they updated Wall Street on how they and their shoppers are responding to President Donald Trump’s wave of tariff increases.The takeaway?Tariff costs are rising for retailers, and they’ve had to get creative to avoid widespread price hikes.Yet consumer spending has largely stayed strong so far — and the pinch from higher duties hasn’t been as severe as…

Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels walks to a session at the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesBy day, Gunnar Wiedenfels is the chief financial officer of Warner Bros. Discovery and the CEO-elect of Discovery Global, one half of the soon-to-be-split company.In his off hours, Wiedenfels is a beekeeper.The media executive picked up apiculture with his children as a way to soften their fears about insects. He called it “an unforgettable experience” and a great life lesson. It’s also provided holiday gifts of honey for his…

Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty ImagesJohn Deere is facing a crossroads as the company continues to see weaker demand in the agricultural sector even while it has committed to investing millions in U.S. manufacturing and promised a brighter road ahead.The agricultural machinery company warned on its fiscal third-quarter earnings call last week that it is seeing much softer demand, posting significant year-over-year decreases in net income…