Finance & Business News

Here's when a top economist says the US will see the most damage from Trump's tariffs - Business Insider

Inflation from tariffs will likely keep rising until November or December, according to Apollo's chief economist Torsten Sløk.

Inflation outlook tumbles to pre-tariff levels in latest University of Michigan survey - CNBC

Consumers' worst fears about tariff-induced inflation have receded, though they are still wary of price increases to come.

Trump Shoots at the Fed Again. Can the World Survive a Fed That Isn’t Independent? - TipRanks

President Trump’s latest shot at the Federal Reserve just rattled more than the bond market. Behind the rumors of firing Jerome Powell is a much bigger question: Wh...

Meta Says It Won’t Sign EU’s AI Code, Calling It Overreach - Bloomberg.com

Meta Platforms Inc. said it won’t sign the code of practice for Europe’s new set of laws governing artificial intelligence, calling the guidelines to help companies follow the AI Act overreach.

Chevron Completes Acquisition of Hess Corporation - Chevron

Chevron Corporation (NYSE: CVX) announced today that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana ass…

NFLX: Netflix Stock Hit After Margin Forecast Offsets Blowout Second Quarter - Yahoo Finance

Netflix Stock Slips Despite Record $11B Revenue, Margin Squeeze Ahead

Charles Schwab Profit Jumps on Tariff Trading Surge - The Wall Street Journal

The brokerage benefited from the market’s busy—and bumpy—ride since April

Tariffs Are Quietly Fueling Inflation’s Next Surge. The Pain May Just Be Starting - TipRanks

U.S. Inflation didn’t explode in June, but if you look closely, the warning lights are flashing. Higher tariffs are beginning to creep into the price tags of everyd...

Stock Markets Are Enjoying a Summer Surge. What Could Rain on Gains and 5 Other Things to Know Today. - Barron's

Wells Fargo halts travel to China after senior banker hit with exit ban - Financial Times

China has prevented banker from leaving after work trip to country

FDA panel backs menopausal hormone therapy - Axios

The meeting highlighted an area of particular interest for FDA commissioner Marty Makary.

Pentagon’s China-style rare earths deal triggers industry backlash - Financial Times

Executives and officials criticise US government deal to buy into country’s only producing rare earths company

Settlement reached in investors' lawsuit against Meta CEO Mark Zuckerberg and other company leaders - NPR

A settlement has been reached in a class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders over claims stemming from the privacy scandal involving Cambridge Analytica.

Fed’s Waller says labor market is weaker than it looks, justifying interest-rate cut this month - MarketWatch

Private-sector job growth is near ‘stall speed and flashing red,’ Fed governor says

Trump eyeing executive order to allow crypto, gold, and private equity in 401(k) retirement plans: report - The Block

Trump's potential executive order would follow other federal agencies softening their stance in allowing crypto into retirement funds.

Scoop: What's inside Trump's 20-page AI action plan - Axios

The Trump administration's AI action plan, set to roll out by the end of the month, is largely about messaging a hands-off, pro-growth approach to AI.

Amazon now requires staff to show AI use to get promoted at Ring and some other units - Business Insider

Ring founder Jamie Siminoff is back at Amazon and making big changes. His latest move injects AI evaluation into how employees apply for promotions.

XRP cloud mining in 2025: How much can you really earn? - Cointelegraph

Discover how XRP cloud mining works in 2025, what returns you can expect, top risks and safer yield alternatives like DeFi and regulated lending.

Bernstein Calls UnitedHealth Stock (UNH) a Top Pick Ahead of Q2 Earnings - TipRanks

UnitedHealth Group ($UNH) stock has plunged about 42% year-to-date, due to higher costs, primarily in the Medicare Advantage (MA) segment, an abrupt CEO exit, the w...

Lucid, Nuro, and Uber Partner on Next-Generation Autonomous Robotaxi Program - Lucid Motors

Lucid Group, Inc. (NASDAQ: LCID), Nuro, Inc. (“Nuro”), and Uber Technologies, Inc. (NYSE: UBER) (“Uber”) today announced a next-generation premium global robotaxi program created exclusively for the Uber ride-hailing platform.