Plus, Romania accused Russia of launching an explosive drone, and healthcare costs are set for a steep increase.

Walmart says it's planning to use $2.9 billion in tariff refunds to lower prices as it reports its slowest sales growth in six years. CBS News' Kelly O'Grady has more.

Walmart reported sales grew at their slowest pace in the retailer's latest fiscal quarter in six years, sending its shares down more than 9%.

LSEG head of consumer research Jharonne Marti discusses the mind of the consumer and the Walmart overreaction on 'Making Money.'

Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.

Fox Business' Stuart Varney highlights the U.S. national debt topping $40 trillion. Fox Business correspondent Edward Lawrence reports on fiscal spending.

The national debt hit $40 trillion Tuesday, a record high, signaling that the government is borrowing at a record pace.

More than 750 U.S. troops have been wounded during operations against Iran, according to Pentagon data. Of the 757 service members who have been wounded since the war began at the end of February, more than 580 are Army soldiers.

U.S. Treasury Secretary Scott ​Bessent on ‌Thursday said he may increase ​again the ​volume of Treasury ⁠bonds the ​government will repurchase, ​a day after surprising the market ​with ​plans to double them.

Market relief at the unexpected intervention could prove short-lived as it fails to address concerns about high levels of debt and government spending, analysts said.

The US Treasury unexpectedly announced it’s ramping up buybacks of long-dated government debt, taking the action in the wake of yields on such securities hitting the highest levels in years.

U.S. government bond yields fell after the Treasury Department said it would ramp up bond repurchases. The 30-year bond yield fell 0.09 percentage point to 5.19%, its biggest one-day drop since October.

President Donald Trump again called for lower interest rates, though Federal Reserve officials said a hike may be needed if inflation does not cool.

Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month show

Many US central bankers are concerned that persistently high inflation will lead to rapid price rises becoming embedded in the world’s largest economy, minutes of the Federal Reserve’s latest policy vote highlight.

Minutes of the July meeting revealed more backed raising interest rates than the three who formally dissented.

With the $34.5-billion purchase, Cox customers in San Diego, Las Vegas and Phoenix will soon get Spectrum service — and the Dodgers channel, ending a long TV drought

Cox Communications, the cable and internet provider that has served the Las Vegas area for decades, is being absorbed into Charter Communications and its Spectrum brand under a deal the companies announced Thursday.

Charter said it plans to introduce Spectrum branding, pricing and product packages across all former Cox markets in mid-September.

It plans to introduce Spectrum branding, pricing and product packages across all former Cox markets in mid-September.

Treasury debt has long enjoyed a unique status globally. It is backed by the unparalleled economic and financial strength of the United States, denominated in the world’s preferred reserve currency, and overseen by strong and stable laws and institutions,

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt.

Few expect Bessent’s cure to fix what’s ailing the bond market. “It’s a drop in the bucket relative to the other pressures on yields,” Lori Heinel, the global chief investment officer at State Street Investment Management,

Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders