The fastest-growing retailer in the U.S. isn’t Costco or Walmart. It’s the Chinese company Miniso.

The firm posted roughly 53% sales growth in the U.S. in 2025, ahead of No. 2 Dick’s Sporting Goods, according to a ranking from the National Retail Federation. Miniso’s popularity has grown as the company focuses on affordable lifestyle products, including viral blind boxes and licensed collections featuring franchises like Minecraft and My Little Pony.

The company continues to expand its footprint in the U.S., which currently counts more than 300 locations, and its founder and CEO Ye Guofu is worth an estimated $1.6 billion.

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Private sector employment was “choppy” in July, according to payroll processing firm ADP, with far fewer added jobs than were expected.

SpaceX stock plunged 14% after the rocket maker’s first-ever earnings report spooked investors due to a sixfold increase in capital expenditures, most of which went toward AI.

Phillips 66 said it has become the world’s third-largest buyer of Venezuelan crude, in part due to waivers the Trump administration issued suspending rules related to the Jones Act, enabling the firm to expand its shipping fleet. The law requires maritime goods transported between American ports be carried on ships built and operated by Americans, and Phillips 66 has received around 20% of all exemptions granted.

In a last-ditch effort to keep President Donald Trump’s personal finances hidden, the trust holding his........

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