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New York Times defamed ex-college basketball player Kai Spears, must pay him $9.25 million in damages, jury says

Tuscaloosa, Ala. —  An Alabama jury on Thursday awarded $9.25 million in damages after finding that The New York Times defamed a former college basketball player by incorrectly reporting that he was at the scene of a fatal shooting in Tuscaloosa. Kai Spears, who played for the University of Alabama men’s team, sued the Times…

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Walmart says it is using $2.9 billion in tariff refunds to lower prices for shoppers

Walmart said it is using billions of dollars in tariff revenue to lower prices as the company moves to appeal to consumers experiencing an affordability pinch due to higher inflation. The Arkansas-based retailer, which reported its earnings on Thursday, has received “substantially all” of the $2.9 billion in tariff refunds it was eligible for, executive…

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North Korea launches ballistic missiles as Trump seeks to rekindle nuclear talks with Kim Jong Un

Seoul — North Korea fired several short-range ballistic missiles, Seoul’s military said Thursday, hours after President Trump said he would meet again with North Korean dictator Kim Jong Un later this year. The latest launches by the nuclear-armed North came after Mr. Trump ordered a reduction in the ongoing joint South Korea-U.S. Ulchi Freedom Shield military…

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National debt tops $40 trillion after doubling in less than a decade, Treasury data shows

The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs.   The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…

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