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Treasury yields rose Tuesday as traders assessed the latest U.S. inflation report and what it means for Federal Reserve monetary policy going forward. The 10-year Treasury yield rose 6 basis points to 4.485%, while the 30-year yield jumped more than 4 basis points to 5.015%. The 2-year note yield advanced nearly 6 basis points to 3.954%. The consumer price index climbed 0.3% month over …

Wells Fargo Profit Rises After Lifting of Asset Cap  The Wall Street Journal Wells Fargo Cuts Net Interest Income Guidance After a Miss  Bloomberg.com Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares  CNBC Wells Fargo snaps streak of revenue misses, but the stock is falling. Here’s why.  MarketWatch Wells Fargo (WFC) Tops Q2 Earnings and Revenue Estimates  Yahoo Finance Source …

Trump joins tech and energy executives amid AI push  Reuters Live updates: Trump speaks at CMU summit in front of energy leaders and tech titans  Pittsburgh Post-Gazette President Trump Solidifies U.S. Position as Leader in AI  The White House (.gov) Tech and energy giants pour billions to turn Pennsylvania into an AI hub as part of Trump’s tech push  CNN Hundreds march in protest …

Amazon’s race to challenge SpaceX in orbit is getting a helping hand from its chief competitor: SpaceX, which will launch the next batch of Amazon’s Project Kuiper internet satellites skyward on Wednesday. A flock of 24 Kuiper internet satellites will ride aboard a SpaceX Falcon 9 rocket before dawn. The mission, dubbed KF-01, has a 27-minute launch window that opens …

White House posts misinformation about In-N-Out menu change  SFGATE White House duped by April Fools’ tweet about In-N-Out ingredient changes  The Independent Did In-N-Out really switch to beef tallow to help ‘Make America Healthy Again’?  San Francisco Chronicle No, In-N-Out didn’t switch to ‘100% beef tallow,’ contrary to White House claim  USA Today The White House, Touting MAHA’s Impact, Linked to a Fan In-N-Out …

Trump says Fed renovations issue might be fireable for Powell  Axios Trump suggests Fed renovations could be fireable offense for Powell  CNN Trump compares talking to Powell to ‘talking to a chair’ while touting his own economic predictions  Fox Business Jerome Powell has more housing problems now, including the Fed’s  Yahoo Finance Powell asks inspector general to review $2.5 billion renovation after Trump blasts …

Donald Trump touts $90bn in energy and AI investments at Pennsylvania event  Financial Times Live updates: Trump speaks at CMU summit in front of energy leaders and tech titans  Pittsburgh Post-Gazette Hundreds march in protest of Trump visit and energy summit at CMU  WTAE Trump rolls out AI and energy-related investments during Carnegie Mellon University summit  90.5 WESA Tech and energy giants pour billions …

CNN CNN  —  President Donald Trump suggested that a $2.5 billion renovation plan at the Federal Reserve might be sufficient cause to fire Fed Chair Jerome Powell, an escalation of his recent attacks against the central banker. “I think he’s terrible… But the one thing I didn’t see him as a guy that needed a palace to live in,” Trump …

BlackRock Shares Tumble After Big Client Redemption Blunts Quarterly Results  The Wall Street Journal BlackRock falls more than 5% on mixed earnings — why we’d look to buy Wednesday  CNBC BlackRock’s Assets Surge Past $12 Trillion  The Wall Street Journal BlackRock shares slump even as assets hit record $12.5 trillion on market rally  Reuters BlackRock’s Stock Is Worst Performer in S&P 500 After Earnings  Barron’s …

Plant Vogtle Nuclear Power Plant in Waynesboro, GA, August 15, 2024. Van Applegate | CNBC Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, …