Spirits maker Diageo is addressing potential U.S. tariffs impact on key supply chain regions, leading to removal of medium-term guidance due to uncertainty. CEO Debra Crew stated tariffs could hinder sales recovery efforts and increase complexity in providing updated guidance. Despite a 0.6% decline in first-half reported sales to $10.9 billion, the company is implementing measures such as pricing strategies and supply chain adaptation to mitigate the impact of tariffs.
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Federal housing agency refers NY Attorney General James to DOJ for investigation
The Federal Housing Finance Agency (FHFA) has referred New York Attorney General Letitia James to the Justice Department over allegations related to a loan for her Virginia property. FHFA Director William Pulte claims that James misrepresented her principal residence status, suggesting potential violations of criminal laws, including fraud, to secure favorable loan terms. In response, James' office emphasized her commitment to protecting New Yorkers and stated she would not be intimidated, highlighting her ongoing legal...
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