BUSINESS

Food price inflation is complex and linked to political dynamics. Finding quick solutions to inflation is challenging

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Why we love this deal

We’re at that ideal time during the end of summer when the humidity and temperatures start to drop to near-perfect levels. When it’s not too hot, and there’s the slightest chill when the breeze hits, it’s prime time for spending every moment we can outdoors to enjoy the weather. That makes the right patio set all the more important and a worthwhile investment. If you want to make it even more relaxing, you’re going to want a patio set with rocking chairs.

The Ainfox 3-Piece Swivel Rocking Chair Patio Set is a fantastic choice, and it’s on sale for only $133 at Walmart. It was originally $360, but during a limited-time Flash deal, it’s 63% off. Not only does it have a rocking chair design, but the chairs also swivel, adding that extra layer of comfort and convenience to the affordable patio set.

Ainfox 3-Piece Swivel Rocking Chair Patio Set, $133 (was $360) at Walmart

Courtesy of Walmart

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Why do shoppers love it?

Complete with two swivel rocking chairs and a side table, you can create a cozy little oasis on small apartment balconies or spacious backyard patios. As we mentioned earlier, the chairs feature not just a rocking design, but they also swivel. The rocking motion gently moves you back and forth, like a standard rocking chair, making it soothing and relaxing. However, it also offers a 360-degree swivel to change the direction you’re facing. It allows for easy movement, without having to pick up and relocate the chair. 

The swivel rocking chairs feature sturdy metal frames accented with weather-resistant PE wicker rattan. They have both water-resistant back and seat cushions made of thick sponge that shoppers say are “surprisingly comfortable.” The cushions also have removable covers, making them easy to clean. 

Last but not least is the side table. It has a metal frame and a tempered glass top that’s durable and perfect for resting a morning coffee, post-dinner drink, or a book.

Related: Walmart’s patio set with rocking chairs provides comfort for just $52

Details to know

Chair dimensions: 26 inches long by 28 inches wide by 32 inches high.

Table dimensions: 18 inches long by 18 inches wide by 17 inches high.

Colors: Brown, beige, and gray.

According to Walmart shoppers, it’s sturdy, comfortable, and easy to put together. One reviewer said it’s one of their “best summer investments” for their backyard, adding that it’s so comfortable that guests fight over who gets to sit on the chairs. They also shared that they like the rocking feature, and the “removable covers make it easy for me to clean after the party.”

“I absolutely love this patio chair set,” another customer said. “The chairs are incredibly comfortable with thick cushions and a smooth swivel base that makes relaxing even more enjoyable…The set feels sturdy and well-made — definitely great quality for the price.”

Shop more deals

Elposun 3-Piece Patio Swivel Rocker Chair Set, $150 (was $280) at Walmart

Asofer 3-Piece Rocking Chair Patio Set, $60 at Walmart

Walsunny 3-Piece Rocking Chair Bistro Patio Set, $100 (was $180) at Walmart

On sale for only $133, the Ainfox 3-Piece Swivel Rocking Chair Patio Set is a fantastic outdoor upgrade to enjoy the rest of summer and beyond. But as a limited-time Flash deal, this 63% discount won’t last for long.

Do you have the Fidelity® Rewards Visa Signature® Card in your wallet?

Some benefit changes are coming to the popular cash back credit card.

Fidelity recently notified existing cardholders that it will swap two existing benefits for two new perks.

Let’s take a quick look to see whether it changes your view of using the card going forward.

Fidelity Reveals 2 New Travel-Related Cardholder Benefits

We’ll start with the good news. Cardholders will receive a new car rental benefit to complement the existing auto rental damage waiver coverage. They will also receive new emergency medical and dental coverage on travel that is booked with the card.

Here are the details:

National Car Rental Emerald Club Executive® Level Membership

“Receive one year of complimentary Emerald Club Executive® level membership when you enroll by December 31, 2026. Enjoy faster services, special offers and upgrades, and savings of up to 25% when you rent with National® Car Rental.”

Emergency Medical and Dental Coverage

“When you use your card to book travel, you can be reimbursed up to $2,500 for emergency medical or dental expenses incurred due to a sickness or accidental injury suffered while on a covered trip.”

Fidelity Removes 2 Consumer Protection Benefits

The announced changes are not all good news. Effective January 1, 2027, the card will be removing Purchase Security and Lost Luggage Reimbursement from the menu of benefits.

A quick reminder of what will be going away at the end of the year:

Purchase Security

“Purchase Security protects new retail purchases made with Your eligible Account and/or rewards programs associated with Your covered Account within the first ninety (90) days from the date of purchase. To be eligible for this coverage, You need to purchase either a portion or the entire cost of the item using Your Account and/or rewards program associated with Your covered Account. “At the Benefit Administrator’s discretion, this benefit replaces, repairs, or reimburses You, up to the total purchase price of Your item for a maximum of five hundred dollars ($500.00) per claim and fifty thousand dollars ($50,000.00), per cardholder, in the event of theft, damage due to fire, vandalism, or accidentally discharged water or certain weather conditions.”

Lost Luggage Reimbursement

“Your checked or carry-on luggage is covered up to $3,000 if lost or stolen when you charge your common carrier ticket to your eligible Visa Signature card.”

Bottom Line

Fidelity is making some changes to the fringes of its benefits package that will primarily impact cardholders who use it for travel.

The no-annual-fee card’s most popular travel benefits include:

Up to $100 in Reward Points once every 4 years toward Global Entry® or TSA PreCheck®

No foreign transaction fees

Auto Rental Collision Damage Waiver (provides reimbursement for damages caused by theft or collision, up to $75,000)

These remain unchanged and are key perks alongside the unlimited 2% cash back you can earn when you automatically deposit your rewards into an approved Fidelity investment account.

Given that these perks remain intact, Team Clark will continue to recommend it as an everyday spender option for people with active Fidelity investment accounts.

The card remains a great way to put your credit card rewards to work as fuel for personal investing.

Will these changes impact how you use the Fidelity credit card? We’d love to hear your thoughts in the Clark.com community.
The post Fidelity Announces Perk Changes for Popular Rewards Credit Card appeared first on Clark Howard.

Nancy Pelosi has been one of the most financially active members of Congress for years, and Wall Street has learned to observe when she files her disclosure forms. 

Pelosi is the former Speaker of the House, who represented San Francisco for 39 years and is known for reading the political and economic landscape better than most.

In a recent Periodic Transaction Report, Pelosi disclosed two purchases that land squarely in the Artificial Intelligence (AI) infrastructure trade.

Nancy Pelosi bought Intel. Again. And she made her first-ever bet on Bloom Energy.

According to the disclosure disclosure form, Pelosi purchased 50 call options on Intel with a $50 strike price expiring June 17, 2027, along with 10,000 Intel shares worth between $500,001 and $1 million, on July 24.

She also purchased 15,000 shares of Bloom Energy and 100 call options with a $100 strike price expiring June 17, 2027. 

The Intel position adds to the May call options my colleague at TheStreet disclosed in June. The Bloom Energy position is new.

INTC trades near $87.26, and BE trades near $204.02 as of late August, according to Yahoo Finance.

Bloom Energy is the most interesting purchase for Nancy Pelosi

Bloom Energy is not a household name, but increasingly a hyperscaler necessity. The 25-year-old, San Jose-based company manufactures solid oxide fuel cells that generate electricity on-site, independently from the grid. 

Data centers, AI factories, manufacturing facilities, and any large power consumer that cannot wait for grid capacity to catch up are potential Bloom customers.

The AI infrastructure boom has turned Bloom’s business from a niche clean energy play into something closer to essential infrastructure.

Related: Bloom Energy Q2 2026 Earnings Call: Recap of $BE Earnings, Outlook

 Every major U.S. hyperscaler and more than a dozen AI labs and neocloud data center operators have validated and approved Bloom’s power solutions for their AI factories, according to CEO KR Sridhar in the Q2 earnings release.

“Bloom is now a standard for AI onsite power,” Sridhar said.

The financial performance actually backs that positioning. 

Q2 2026 revenue hit $1.065 billion, surpassing $1 billion for the first time in company history, up 165.5% year over year (YOY).

Product revenue grew 215.4%. 

Gross margin expanded by 668 basis points. 

Operating income of $182.2 million compared to a $3.5 million operating loss a year earlier. 

Non-GAAP EPS of $0.78 grew $0.68 YOY. Full-year 2026 revenue guidance was raised to $3.9 billion to $4.2 billion, representing approximately 100% YOY growth at the midpoint.Source: Bloom Energy Q2 2026 Earnings Results

BE is up 134.80% year-to-date and 320.31% over the past year, according to according to Yahoo Finance. Pelosi’s call options with a $100 strike expiring on June 17, 2027 give her substantial leverage on any continued move higher.

Nancy Pelosi invests in Intel and Bloom Energy.Jim Vondruska/Getty Images

Nancy Pelosi’s Intel position adds to a bet that has already worked

Pelosi has been buying Intel at various points in 2026. In fact, the timing of her additions has generally been well-placed.

Intel reached an all-time high price of $142.35 on June 22, 2026. The current price, near $87.26 according to according to Yahoo Finance, reflects a significant pullback from that peak.

Even after the heavy pullback, Intel still records a year-to-date return of 136.48%, compared to an 11.79% gain from the S&P 500. The 1-year return stands at an aggressive 251% compared to 18% from the S&P 500.

More AI:

Nvidia just made a move Wall Street wasn’t ready for

Microsoft just took sides in the AI policy fight

OpenAI just disclosed something genuinely alarming

Her July 24 purchase of 10,000 shares and additional call options, worth between $500,001 and $1M, suggests she is accumulating more by buying the dip.

Intel ranks eighth on the S&P 500 year-to-date performance table, according to according to Slickcharts, trailing only SanDisk, Moderna, Dell, Micron, Seagate, Marvell, and Western Digital.

The fundamental case for Intel at current levels is the same one Goldman Sachs maintained after the Q2 beat. Intel is executing its strongest revenue growth in 15 years; the DCAI segment grew 59% year-over-year to $6.3 billion in Q2, and the 18A foundry process is advancing on schedule.

Q2 2026 revenue was $16.1 billion, up 25% YOY, according to Intel’s July 23 earnings release. Q3 guidance calls for $15.8 billion to $16.8 billion in revenue. 

In the same earnings report, CEO Lip-Bu Tan said AI is driving “unprecedented demand for compute.” CFO Dave Zinsner described the company as “meaningfully increasing investments” across equipment, cleanroom space, and substrates.

Pelosi’s call options with a $50 strike expiring June 17, 2027 are well in the money at current prices, giving her significant upside leverage if Intel continues its recovery from the post-high pullback.

Here is the 2-stock thesis behind Intel and Bloom Energy positions

Reading Pelosi’s recent disclosures together, I see a theme emerge. She is betting on the physical infrastructure of the AI boom, not the software or model layer.

Intel provides the compute, or the CPUs that power AI inference workloads, the foundry capacity that the U.S. needs for domestic semiconductor manufacturing, and the custom silicon relationships with hyperscalers.

Bloom Energy provides the power or the onsite fuel cells that let data centers and AI factories operate independently of congested electrical grids.

In my other coverage, I’ve reported on Bill Gates’ trust rotate toward companies that benefit from domestic economic activity and physical asset maintenance rather than purely financial holdings (Home Depot and FedEx Freight Holding Company).I see and know of a pattern in every successful investor. They have a system that works for them. It doesn’t have to look like anyone else’s. Find your edge, trust your system, and execute it. I do that, and it’s profitable.

So Intel and Bloom Energy are essential to the physical stack that makes AI run at scale. Neither is a consumer-facing tech story. Both carry near-term volatility from their respective growth transitions. And both have Pelosi’s money behind them with option structures that give her significant upside leverage through mid-2027.

She has been criticized for being one of the more financially active lawmakers in Congress. Well, whether that criticism is fair is more of a political question. 

I like to look at it from a different angle. What her disclosures consistently reflect is a sophisticated understanding of where structural economic demand is flowing. The AI power and compute trades she is making right now fit that pattern.

Related: Nancy Pelosi places big bets on two surging tech stocks

3 tax pitfalls for ‘influencers’ — and tips to avoid them that could help all taxpayers.

Nvidia’s quarterly earnings announcement has been a major stock-market event ever since the AI boom began in earnest with the introduction of ChatGPT in late 2022.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.

Why we love this deal

Finding storage for everything can be more difficult than it sounds when your home doesn’t provide much storage to begin with. A small cabinet can easily be added to any room or corner to make use of an overlooked area while keeping your essentials off the countertops. It adds another place to put things away while still keeping the room functional and easy to navigate, and it keeps your items safe and secure. 

The Grusign Farmhouse Storage Cabinet is the perfect size to fit neatly in your bathroom, laundry room, kitchen, or entryway while still providing ample storage for smaller items. For just $51 at Amazon, this multi-storage cabinet is a solid option for your next organizational project. Shoppers can save 36% for a limited time, but hurry, because over 400 units have already sold recently.

Grusign Farmhouse Storage Cabinet, $51 (was $80) at Amazon

Courtesy of Amazon

Shop at Amazon

Why do shoppers love it?

This cabinet is made from moisture-resistant medium-density fiberboard, making it a great option for bathrooms and laundry rooms, as it can handle humidity well. The painted surface can be wiped clean, while the magnetic catches on the door help it close smoothly and stay closed. While it’s designed with bathroom storage in mind, it’s also great for toys, kitchen accessories, decorations, DIY accessories, and hobby items. It features an anti-tip device on the back for added safety and to ensure your items stay secure.

Related: Walmart is selling farmhouse storage cabinets that can help you get organized, starting at $67

The cabinet measures 22.05 inches wide, 11.81 inches deep, and 33.86 inches tall, offering plenty of storage space without taking up much floor space. This makes it great for condos, apartments, and other smaller areas. It features a top shelf that can hold up to 22 pounds and two smaller shelves that each hold up to 11 pounds, plus a larger shelf, two small drawers, and a cabinet with two cubbies. The shelf in the cabinet is also adjustable and removable.

Details to know

Size: The cabinet measures 22.05 inches wide, 11.81 inches deep, and 33.86 inches tall.

Storage options: This cabinet offers two drawers, closed storage with two cubbies, two larger shelves, and two smaller shelves. 

Versatile: The size makes it ideal even for small areas, and the moisture-resistant MDF board keeps it in good shape in humid areas like the bathroom. 

One reviewer wrote, “​It feels sturdy, the doors and drawers slide smoothly, and it didn’t take forever to put together. If you’re looking to create a custom storage setup or just need a solid, standalone cupboard for extra kitchen space, this is a great buy.”

“These replaced one of those plastic three-drawer chests in my daughter’s bathroom,” another shopper wrote. “The overall footprint is smaller but is far more efficient.”

Shop more deals

Teenfon Slim Bathroom Storage Cabinet, $90 (was $106) at Amazon

Hzuaneri Storage Cabinet, $35 (was $39) at Amazon

Spylandy Narrow Foldable Storage Stack, $37 at Amazon

Whether you’re looking to clear off the bathroom counters or tidy up the entryway, the Grusign Farmhouse Storage Cabinet has plenty of storage solutions. The smaller footprint makes it a versatile option, and the adjustable shelf can make room for larger items as well. It offers a straightforward and good-looking way to add storage without bringing in large pieces of furniture that take up tons of space. Shoppers can save 36%, getting this cabinet for just $51.

Celebrities across entertainment, politics and business reacted to Dolly Parton’s death as Reba, Lily Tomlin, Donald Trump, Tim Cook and Kacey Musgraves shared tributes.

Dolly Parton once told Elvis Presley “no,” and it was one of the best decisions of her career, which later turned into a diamond-certified cover from Whitney Houston.

The United States has set up a really big dare for any country or any company dealing with Iran. Stop, or face the consequences.

Or was it?

That is the question after Treasury Secretary Scott Bessent announced Economic D-Day, a plan to starve Iran’s economy and its war machine.

Since Iran’s biggest export is oil, the oil markets offered an answer. “Not yet.”

Related: Citi renews Nvidia stock forecast ahead of earnings

Futures trading on Aug. 24 saw Brent crude, the global benchmark, and light, sweet crude, the U.S. benchmark fall more than 2% after rising most of last week.

Brent settled at $92.17. Brent is down 24% from its high in early March after the Israel-United States war with Iran began.

Light sweet crude settled at $85.01. It’s off 29% from the March peak.

Both were little changed in early trading on Aug. 25.

Oil prices tumble

Since Iran has long been a major producer of oil and possesses the world’s third-largest oil reserves, one might expect oil prices to rise on Bessent’s announcement.

It didn’t happen. Here’s how analysts Brian Martin and Daniel Hynes of ANZ Research in Australia read the Bessent announcement and the market reaction:  

“The market was unimpressed with Bessent’s announcement on an ‘unprecedented’ campaign to isolate Iran from the global economy.” The issue: “There was no specific timeline on actions or plans.”

Bessent’s argument was the Trump Administration wanted to give companies and countries time to unwind their relationships with Iran. And, he said, President Trump has been calling world leaders to explain the Administration’s policy.

One country did last week: the United Arab Emirates, located across the Persian Gulf from Iran. The U.A.E. move came on Aug. 18 after the UAE Defense Ministry said that Iran had “fired two ballistic missiles toward the Gulf state,” The Washington Post reported.

Why blow up the global financial system?

Bessent’s campaign is going after a number of nations that have enabled Iran’s regime. These include, he said, U.A.E., Iraq, Turkey, Malaysia, Qatar, Pakistan and, above all, China.

But China has signaled its resistance to pressure to cut off its Iran links. And Bessent was willing to give China and its huge economy time to adjust. “Why would I want to blow up the global financial system?” he said during his news conference.

China is Iran’s largest trading partner and buys 80% to 90% of Iran’s oil exports, sold at discounted prices. At the same time, Iran is required to use the revenue from its oil sales to China to buy Chinese goods and services, according to a report by Breugel, the European economic think tank.

Treasury Secretary Scott Bessent during his Aug. 24 news conference.Kent NISHIMURA / AFP / Getty Images

U.S. is tethered to China

So, it is not yet clear how the administration will lean on China, much less if the challenge can be resolved quickly.

China is deeply important to the U.S. economy. About 75% of Apple’s (AAPL) iPhone production is made there. At least half of Walmart’s (WMT) nonfood inventory comes from China. Nvidia (NVDA) gets much of its raw materials from China.

It is the primary supplier of rare earth metals used in a variety of industrials products, including computers and motor vehicles. It also supplies a major share of components used in electronics, semiconductors and artificial intelligence applications.

And China president Xi Jinping is scheduled to visit the White House on Sept. 24. So far, the trip is still on.

Separately, the Treasury Department released a list of about 60 organizations, companies around the world that are helping Iran evade various sanctions.

Related: Gold, silver rally off ugly crash, but investors remain on edge