Finance & Business News

Salesforce Projects Lackluster Sales Growth, Fueling AI Anxiety - Bloomberg.com

Salesforce Inc. projected lackluster quarterly sales growth, suggesting its artificial intelligence product isn’t yet paying off as quickly as hoped in the face of competition from emerging AI companies.

Tech's hottest industry is facing a brutal reality check. That's a good thing in the long run. - Business Insider

Between Nvidia's recent earnings and OpenAI's underwhelming GPT-5, it's clear AI is entering its "meh" era. That's good news for everyone.

Goldman Sachs Says Gold Could Surge If Fed’s Credibility Damaged - Bloomberg.com

Gold could rally to almost $5,000 an ounce if the Federal Reserve’s independence were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc. said.

September 3, 2025 - Letters from an American | Heather Cox Richardson

[Please note that this post talks about sexual assault in the last four paragraphs.]

Google must pay $425 million in privacy lawsuit, jury says - Axios

Google says it'll appeal the verdict.

French regulator issues huge Google fine over cookie breaches, risking Trump’s ire - politico.eu

The U.S. president has threatened huge tariffs against countries that impose “discriminatory” regulations on American tech companies.

Evidence that AI is destroying jobs for young people - Hacker News

‘We’re not done’: US vows to pursue Google break-up after setback - Financial Times

Tough enforcement continues even as tech bosses court the president

News network Newsmax files antitrust suit vs. Fox News - Politico

“Fox’s behavior represents a textbook abuse of monopoly power,” Newsmax lawyer Michael J. Guzman said.

Trump Inc.’s $5.4 Billion Digital Coin Hit by Turbulence - Bloomberg.com

Trump Inc.’s much-trumpeted crypto foray — the WLFI token — launched Monday with ambitions of serving as the backbone of a new digital ecosystem. Within hours, it was mired in the turbulence and instability that has long been the hallmarks of crypto trading.

Houston's ConocoPhillips to lay off up to 25% of global workforce - Houston Chronicle

The Houston-based oil giant announced the plans Wednesday and employs about 13,000 people globally.

Tech Stocks Drive Gains in S&P 500, Nasdaq - The Wall Street Journal

Can you get a COVID shot? Here’s your fall vaccine guide - PBS

Many people across the United States are wondering if they will be able to get vaccinated at all, particularly against COVID, after changes to vaccine guidance by the Trump administration.

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals - Fortune

Trump family's American Bitcoin makes stock market debut - NBC News

Shares in the Trump family’s latest cryptocurrency made its stock market debut Wednesday, triggering more ethical concerns as the Trumps look to cash in on crypto as the president’s administration weakens regulations for the nascent industry

Rising Tariff Costs Squeeze Consumers, as Federal Reserve Report Highlights Economic Strain - Investopedia

The main pillars of the economy—employment and consumer spending—are both straining under the weight of tariffs, according to a report from the Federal Reserve.

What to know about Amazon Prime cracking down on free shipping, how changes will impact members - ABC News

With market on edge over jobs, openings crash to lowest point in nearly a year - Fortune

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

Macy's Stock Soars as 'Omni-Channel' Retailer's Comparable Sales Unexpectedly Rise - Yahoo Finance

Macy's shares jumped nearly 20% Wednesday after the biggest U.S. department store chain posted better-than-expected results and boosted its guidance on solid demand at its "Reimagine" namesake locations, as well as Bloomingdale's and Bluemercury stores.

Buffett Dislikes Breakup of Kraft Heinz. It’s Been One of His Worst Investments. - Barron's