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Supreme court lets Lisa Cook stay on Fed board for now
The Supreme Court allows Lisa Cook to remain on the Fed board while Trump’s effort to fire her heads to arguments in January.
Senate deadlock extends Trump-era government shutdown
U.S. shutdown begins after Senate gridlock on health care, furloughing 750,000 workers and raising fears of nationwide economic fallout.
Pfizer agrees to lower drug costs, $70B US investment
Pfizer will lower drug costs for Medicaid and invest $70B in U.S. manufacturing under a deal announced with President Trump.
CoreWeave signs $14 billion AI infrastructure deal with Meta
CoreWeave will provide Meta $14B in AI cloud computing power through 2031, boosting share prices and fueling AI infrastructure growth.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
US job openings barely budged in August at 7.2 million
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
Frank founder Charlie Javice gets 7 years for fraud
Charlie Javice, founder of student aid startup Frank, was sentenced to over 7 years for defrauding JPMorgan in a $175M deal.
CSX replaces CEO amid investor pressure, names Steve Angel
CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs. The outgoing CEO, who came to the railroad in 20[...]
Trump threatens 100% tariff on foreign-made films
Trump says he’ll impose a 100% tariff on foreign films, alarming Hollywood studios that depend on global production and box-office revenue.
Trump administration says it will expand coal leasing, fund coal plant upgrades
WASHINGTON (Reuters) -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the U.S., a fossil fuel [...]
FAA restores Boeing’s self-certification for 737 Max, 787
The FAA restored Boeing’s authority to self-certify 737 Max and 787 jets after years of oversight, as new international aircraft orders boost sales.
Trump announces 30% tariff on upholstered furniture
HIGH POINT — President Trump announced a new 30% tariff on upholstered furniture imports on Thursday, taking effect on Oct. 1. At this time, it is unclear whether the new tariffs will be in addition to previously announced tariffs. In addition to the upholstered furniture tariffs, Trump also announced new tariffs on brand[...]
