Retailer removes kid’s clown costume after people said it resembled a racist caricature used in minstrel shows

Target, the US retail corporation, said it pulled a controversial Halloween costume off its shelves after criticism across social media that it resembled a racist caricature.

The ad image for the costume, sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” depicted a Black child in a bright orange and black top with solid black gloves and a mask with a wide, toothy smile. Both the child’s pose and the costume’s gloves and mask were likened to caricatures of Black people used in minstrel shows.

Move is latest deterioration in trade relations between neighbors with historically strong economic ties

Donald Trump announced a new 50% tariff on automobiles and crucial raw materials from Canada, the latest deterioration in trade relations between the two neighbors with historically strong economic ties.

The US president said that the increased tariffs would start on 1 January 2027 on all cars, trucks, automobile parts and steel. He also derided the nation’s tariffs on American farmers, writing on social media that Canada has been “ripping off” the US “for years”.

Arbitrator determined the Post improperly fired Karen Attiah, a union-protected employee, over social media posts

An independent arbitrator has ordered the Washington Post to rehire the high-profile opinion columnist Karen Attiah, abruptly fired by the news organization last September over comments she made on social media about Charlie Kirk, the then recently killed conservative activist.

On Monday, an arbitrator ruled that the Post had violated her rights as a union-protected employee and ordered the newspaper to reinstate her and compensate her for lost wages.

Watchdog data shared with Guardian shows contributions to Republican Attorneys General Association and others

Over a dozen US companies that signed a 2021 letter urging Congress to strengthen the Voting Rights Act continue to contribute to state political groups that are actively working to undermine the legislation, according to a campaign finance watchdog.

Researchers at the Center for Political Accountability (CPA), a nonpartisan organization that tracks financial disclosures, found that companies – including Airbnb, DoorDash, Target and Zillow – that signed the letter are contributing to groups known as 527 organizations that prop up key state races, according to data provided exclusively to the Guardian.

The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not working

The bond market is driving the Trump administration crazy. Last week, the treasury secretary, Scott Bessent, announced that the government would sharply ramp up its purchase of treasury bonds, in an effort to raise their price and thus push down their yield, which amounts to the interest rate the government pays on its debt.

It didn’t quite work as planned. Yields on treasurys fell after Bessent’s bond market intervention but soon bounced back. By Friday afternoon, the yield on the 10-year treasury was back near where it was before the secretary’s announcement. The yield on the 30-year bond was again trading around its highest level in 20 years or more.

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint

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Shein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year.

The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago.

Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxiety

The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans.

As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation.