Fed Bides Its Time to Find Out Who Will Pay Tariffs

I'm Chris Anstey, an economics editor in Boston. Today we're looking at the Fed's reluctance to cut rates. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren't yet signed up to receive this newsletter, you can do so here.
Meaningful economic information comes from three straight months of data, Federal Reserve Chair Jerome Powell has indicated. 'It's appropriate to take signal' at that point, as he put it last year.

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Fast Company

19 minutes ago

• Fast Company

Kirkland's Home is closing dozens of stores in new rebrand, adding to list of retailers shutting locations in 2025

Dozens of Kirkland's Home stores will close as part of the retailer's recently announced rebranding efforts. Some existing stores will be converted to Bed Bath & Beyond Home stores as part of the transformation, the company said this week. Kirkland's will streamline its footprint by closing at least two dozen of its 313 existing Kirkland's Home stores. The company will launch its first Bed Bath & Beyond Home store in Brentwood, Tennessee, in August 2025, with five stores to follow. Pending the initial market launch, the retailer intends to open approximately 75 additional stores through 2026. The Tennessee-based retailer also plans to open its first physical Overstock store location in Nashville, with about 30 additional stores to open after the initial launch. These plans align with Kirkland's broader goal to be a multi-brand retail operator. 'By consolidating real estate and leveraging underperforming store closures to reduce excess inventory, we believe we will drive faster inventory turn and maximize return on assets,' the retailer said in a press release. 'Following the consolidation, we expect to move forward with approximately 290 of our current store locations as the foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.' Fast Company contacted the brand to request a list of locations that will close. We will update this story if we receive a reply. Kirkland's Home rebrand reflects a broader transformation Kirkland's corporate name will officially change to The Brand House Collective pending shareholder approval at the company's next annual meeting on July 24, 2025. Its ticker symbol will also change from 'KIRK' to 'TBHC,' pending approval next month. Kirkland's CEO, Amy Sullivan, explained the intention behind the rebrand in the company news release: 'We're aligning our identity with our vision to become a multi-brand merchandising, supply chain and retail operator—and backing it with decisive actions to strengthen our foundation: reducing excess inventory, closing underperforming locations, optimizing real estate assets, and enhancing talent across the organization.' Amy Sullivan will lead as the CEO and chief merchant and creative officer of The Brand House Collective. The company announced the following additions to its corporate team: Chief Operating Officer Jamie Schisler will oversee operations. VP General Merchandising Manager of Bed Bath & Beyond Home Kerri Dlugokinski will lead all merchandising efforts. VP of Supply Chain Courtenay Adolf is responsible for global sourcing, transportation, and distribution centers. The retailer also announced changes to its board of directors. Effective June 24, 2025, appointees Eric Schwartzman, Neely Tamminga, Tamara Ward, and Steve Woodward will serve as board members. In October 2024, Kirkland's announced a strategic partnership with Beyond, Inc., which owns brands Bed Bath & Beyond, Overstock, and buybuy Baby.

Yahoo

19 minutes ago

• Yahoo

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict is bullish for crude after Bloomberg reported Thursday that US officials are preparing for a possible strike on Iran. SoftBank's Masayoshi Son Unveils $1 Trillion AI Hub Proposal for U.S. to Rival China Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! However, crude prices were undercut after President Trump said he would wait two weeks to give diplomacy a chance before deciding if the US should attack Iran. Crude prices were also pressured on signs that Iran is ready to negotiate after Reuters reported that the Iranian government is ready to discuss limitations on uranium enrichment. So far, Iran has not impeded ship movement through the vital Strait of Hormuz, which handles about 20% of the world's daily crude shipments. However, a French naval liaison group stated that navigational signals from over 1,000 vessels a day moving through the Strait had been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which led to a collision of two tankers on Tuesday near the Strait of Hormuz. Oil prices continue to be undercut by tariff concerns after President Trump said last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -7.2% w/w to 73.97 million bbl in the week ended June 13. Concern about a global oil glut is negative for crude prices. On May 31, OPEC+ agreed to a 411,000 bpd crude production hike for July after raising output by the same amount for June. Saudi Arabia has signaled that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and punish overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production. OPEC+ had previously planned to restore production between January and late 2025, but now that production cut won't be fully restored until September 2026. OPEC May crude production rose +200,000 bpd to 27.54 million bpd. Wednesday's EIA report showed that (1) US crude oil inventories as of June 13 were -10.2% below the seasonal 5-year average, (2) gasoline inventories were -1.8% below the seasonal 5-year average, and (3) distillate inventories were -16.7% below the 5-year seasonal average. US crude oil production in the week ending June 14 was unchanged w/w at 13.431 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6. Baker Hughes reported last Friday that active US oil rigs in the week ending June 13 fell by -3 to a 3-3/4 year low of 439 rigs. Over the past 2-1/2 years, the number of US oil rigs has fallen from the 5-1/4 year high of 627 rigs posted in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Forbes

21 minutes ago

• Forbes

Strengthen Your Executive Presence And Influence With These Questions

Exuding executive presence involves an interplay between internal confidence and outward ... More self-mastery and expression Over the years, one theme has surfaced time and again in my work with high-achieving professionals—especially those navigating mid- to senior-level roles. No matter how accomplished they are, many wrestle with a persistent question: Do I truly have what it takes—including strong executive presence—to lead at the highest levels? This question came up in a recent coaching session with a talented professional—let's call her Rebecca. Despite a strong track record, consistent praise from senior leaders, and years of excellent performance reviews, she found herself feeling out of place when presenting to executives. She feared being caught off guard. Her heart would race, her breath would shorten, and her confidence would falter—all before she'd even entered the room. When I asked if she'd ever actually been unable to answer a question or failed to present her data clearly, she said no. In fact, she'd received positive feedback every time. Rebecca's experience is far more common than we realize. Despite external success, many professionals carry self-doubt and even 'imposter syndrome' that shows up at the very moment they most need to project confidence. I've seen this pattern in thousands of individuals I've worked with over the past two decades. And it's often tied to what I call the 7 common 'power and confidence gaps'—persistent internal obstacles that undermine how we see ourselves and how we show up in the workplace (and in our personal lives). Executive Presence: A Widely Used Term Few Can Define A quick Google search of the term 'executive presence' yields over 50 million results. Clearly, it's a hot topic—but ask five people to define it, and you'll likely get five very different answers. When I asked Rebecca what 'executive presence' meant to her, she said, 'Some people just walk into the room and everyone pays attention. They speak with ease. They seem like they belong.' Her impression wasn't based on specific behaviors—it was based on energy, confidence, and perception. The problem? If we can't define executive presence, we can't develop it intentionally. From my experience in both corporate leadership and coaching, I define executive presence as a powerful combination of inner confidence and outward expression—how you carry your knowledge, how you engage with others, and how you project credibility and calm under pressure. While executive presence can look different depending on industry and role, here are the foundational traits I see across leaders who command a room and inspire confidence: Confidence – Speaking and acting in ways that convey belief in your value, ideas, and – Trusting your expertise and owning your space as a decision-maker and thought communication – Using language that is clear, collaborative, and inclusive—without diminishing your contribution – Being willing to offer new ideas, challenge the norm, and take creative under stress – Managing your emotional responses, even in high-stakes mindset – Seeing yourself not only as a contributor but as someone who uplifts and advances mastery – Handling feedback, resistance, and interpersonal conflict with resilience and clarity. Back to Rebecca—what we uncovered wasn't a lack of skill, but a deeper fear: 'Do I deserve to be here?' She recalled seeing one female executive in a recent meeting who seemed to exude presence. 'She didn't say that much,' Rebecca told me, 'but she seemed completely at ease. Everyone deferred to her. It was like she didn't have to prove anything.' This perception wasn't just about how that leader showed up—it was about how Rebecca saw herself in comparison. Too often, high performers internalize subtle workplace messages that suggest they're 'not quite ready,' even when they're delivering exceptional work. Ambiguous feedback, bias, and lack of mentorship can deepen this feeling. Over time, these conditions lead to a persistent sense of being on the outside looking in—even when you're already at the table. And in some organizations, this perception isn't an illusion—there may be real barriers preventing your growth or recognition. In those cases, it's worth asking: Is this culture one that supports and elevates the kind of leader I aspire to be? If you've ever wondered whether you truly have the presence and credibility to lead, these questions can help you assess your current strengths and illuminate areas for growth: 1. Do I have deep knowledge and mastery of my area of responsibility? Can I speak to the key drivers, risks, and opportunities within my domain with clarity and insight? 2. Am I trusted to make strategic contributions that shape outcomes and drive progress? Do others rely on me for perspective, influence, and initiative? 3. Do I actively share ideas, offer solutions, and challenge outdated thinking—even when it feels uncomfortable? 4. Do I receive feedback that affirms my impact and the value I bring to teams and leadership discussions? Is this feedback consistent with my own self-perception—or is there a disconnect? 5. When under pressure or in high-stakes environments, do I stay grounded and communicate with poise? 6. Do I believe I belong in rooms where decisions are made—and act accordingly? 7. If I doubt myself, is that based only on internal fears and outdated beliefs, or in actual performance gaps? If you can answer 'yes' to most of these questions, it's time to release the doubt and step fully into your influence. Your presence isn't about being perfect—it's about being present, prepared, and aligned with your values. If you answered 'no' to any, that's not a failure. It's a roadmap. These are the areas where you can grow—through mentorship, coaching, skill-building, or new experiences. Executive presence isn't reserved for the few—it's developed over time through self-awareness, intentional practice, and a deep commitment to personal leadership. And if you're doing the work but are still being overlooked or undervalued, it may be time to find an organization that recognizes your contributions and invests in your future. In the end, executive presence is not just how others see you. It's how you see yourself—and how powerfully and self-assuredly you choose to show up, speak up, and lead. Kathy Caprino is a career and leadership coach, author, executive trainer and podcaster supporting professional advancement and success.