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Trump nominates new CFPB director
NEW YORK (AP) — President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on its plan to shut down the consumer financial protection agen[...]
US trade deficit drops 24% as tariffs cut imports
US trade deficit fell 24% in August as Trump’s global tariffs reduced imports, dropping the gap to $59.6B, Commerce Department reports.
Judge rules Meta is not a social media monopoly
A federal judge ruled Meta is not a social networking monopoly, defeating a challenge that could have forced divestiture of Instagram and WhatsApp.
Microsoft partners with Anthropic and Nvidia in cloud infrastructure deal
Microsoft said Tuesday it is partnering with artificial intelligence company Anthropic and chipmaker Nvidia as part of a cloud infrastructure deal that moves the software giant further away from its longtime alliance with OpenAI. Anthropic, maker of the chatbot Claude that competes with OpenAI’s ChatGPT, said it is committ[...]
Cloudflare resolves outage that impacted thousands, ChatGPT, X and more
A widely used Internet infrastructure company said that it has resolved an issue that led to outages impacting users of everything from ChatGPT and the online game, “League of Legends,” to the New Jersey Transit system early Tuesday. At 12:44 p.m. EST, Cloudflare said its engineers no longer saw some of the issues plagui[...]
Fed’s Lisa Cook disputes mortgage fraud allegations
WASHINGTON (AP) — In a letter to Attorney General Pam Biondi on Monday, lawyers for Federal Reserve Governor Lisa Cook disputed allegations by a Trump administration official that she committed mortgage fraud. President Donald Trump used the accusation as a basis to seek her firing, the first time a president has sought to r[...]
Brazil says U.S. tariffs stay high on coffee, beef
Brazil’s vice president says U.S. tariffs on coffee, beef and tropical fruits remain at 40% despite Trump’s rollback of earlier import levies.
Novo Nordisk cuts Wegovy prices again
Novo Nordisk lowers Wegovy prices to $349 a month and adds temporary discounts, but doctors say costs remain tough for uninsured patients.
FAA lifts flight restrictions after shutdown ends
FAA ends nationwide restrictions as staffing improves after the 43-day government shutdown, allowing airlines to resume normal schedules.
Scout Motors picks Charlotte for new corporate headquarters
After investing over $2 billion in South Carolina, an electric vehicle manufacturer has chosen to cross state lines for its corporate headquarters. Scout Motors, which is building a $2.3 billion production center for its all-electric SUV and pick-up in the Midlands, will locate its corporate hive in Charlotte. The news comes jus[...]
Novo Nordisk chair touts OTC future for Wegovy as top investor tightens grip
New Novo Nordisk chair Lars Rebien Sorensen plans to add pharma and OTC expertise after a board shake-up that sparked governance concerns.
Union Pacific, Norfolk Southern shareholders OK merger
Union Pacific and Norfolk Southern shareholders approve an $85B rail merger, but the Surface Transportation Board must still sign off.
