Business

Trump’s Powell attacks show why Fed was designed to be independent  Axios Opinion | If You Like 35 Percent Inflation, Go Ahead, Fire the Fed Chair  The New York Times A Politically Captive Fed Would Be a Weak Fed  Bloomberg Opinion | Trump May End Up Sorry He Tried to Control the Fed  The Wall Street Journal Opinion | Trump’s attacks on the Fed …

US producer prices flat in June, but tariffs lift goods costs  Reuters Wholesale inflation measure was unchanged in June  CNBC Rising Inflation Underscores Risks in Trump’s New Tariff Threats  The New York Times Trump Effect Starts to Show Up in Economy – WSJ  The Wall Street Journal Latest US inflation report shows a pullback in travel spending and an increase in the cost of …

Scale AI, the AI industry’s chief data dealer, will lay off 14 percent of its workforce, or about 200 employees, just one month after Meta took a multibillion-dollar stake in the company and hired its CEO and other staff. The layoffs include 500 of its global contractors, Scale spokesperson Joe Osborne told The Verge, adding that it’s all part of …

Barclays Fined $56 Million for Money-Laundering Failures  The Wall Street Journal Barclays fined £42m for poor money laundering checks  BBC Barclays fined £42m for ‘poor handling’ of financial crime risks; UK inflation rises to 18-month high of 3.6% – business live  The Guardian Barclays’ $56M Fine: A Wake-Up Call for UK Banks and a Fintech Opportunity  AInvest Barclays fined £42mn for failed money laundering …

Diageo CEO Debra Crew Steps Down, Jhangiani Named Interim Leader  Bloomberg Guinness Owner Diageo’s CEO Steps Down as the Alcoholic Beverage Giant Struggles  Yahoo Finance Boss of Guinness-owner Diageo suddenly steps down  BBC European stocks close lower after global markets shaken by Trump-Powell tensions  CNBC Guinness owner Diageo’s CEO is stepping down after two years  CNN Source link

Trump says he’s not planning to fire Fed’s Powell  Reuters Trump Has Penned Letter To Fire Fed Chair Jerome Powell  The New York Times Playbook PM: Jerome Powell’s Trump whiplash  Politico Trump asks House Republicans if he should fire Fed Chair Jerome Powell  Fox Business Trump suggests Fed renovations could be fireable offense for Powell  CNN Source link

Pop Mart has struck it rich. The Chinese company that caters to toy connoisseurs and influencers said this week that it expects profit for the first six months of this year to jump by at least 350% compared with the prior-year period, largely because of its smash hit plush toy, the Labubu. Pop Mart joins a small list of companies …

Ford is recalling nearly 700,000 SUVs in the US after a year-long investigation found a fuel leak issue that could ignite a fire and increase the risk of injury. A fuel injector in the impacted vehicles may crack and leak fuel inside the engine compartment, potentially leading to an underhood fire, the National Highway Traffic Safety Administration said Wednesday. Ford …

‘Amazon of guns’ backed by Donald Trump Jr sinks on stock market debut  Financial Times The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge  AP News GrabAGun, a Mobile-Focused Online Firearms Retailer and Defender of the Second Amendment, Completes Business Combination with Colombier II and Will Begin Trading on NYSE  Yahoo Finance Donald Trump Jr. and …

Unitedhealth Group Inc logo on phone-by rafapress via Shutterstock After a challenging year for healthcare stocks, all eyes are on UnitedHealth Group (UNH) as it prepares to unveil its second-quarter earnings on July 29. Once a stalwart of defensive investing, UnitedHealth has seen its stock tumble nearly 45% year-to-date, making it one of the worst performers in the S&P 500 Index ($SPX). …