Business

KEY TAKEAWAYS Tesla’s sales in the European Union tumbled in July for a seventh consecutive month, while those of Chinese rival BYD’s soared. According to the European Automobile Manufacturers’ Association, Tesla’s EU new car registrations, which serve as a proxy for sales, plunged 42.4% year-over-year, while those of BYD’s soared 206%. Tesla shares, which entered Thursday down 13% this year, …

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Fed governor Lisa Cook sues Trump to block effort to remove her from central bank  The Washington Post Trump Administration Live Updates: Fed Governor Sues President Over ‘Unprecedented and Illegal’ Firing  The New York Times Will the Supreme Court give Trump even more power by letting him fire Lisa Cook?  The Boston Globe Trump’s attack on Lisa Cook is an attack on all …

Fed Governor Lisa Cook Sues Trump Over Dismissal  The New York Times Fed Governor Lisa Cook sues to challenge Trump’s attempt to fire her, setting up a showdown over presidential power  CNN Federal Reserve governor sues Trump over sacking  The Telegraph How much danger is America’s central bank in?  The Economist Trump’s Push to Fire Lisa Cook Puts Fed Independence on Trial  The New York …

WASHINGTON — The White House said Thursday that it has fired a member of the Surface Transportation Board, a move that comes as the independent federal regulatory agency is considering the proposed merger of Union Pacific and Norfolk Southern railroad companies. “Earlier this evening, I received an email from the White House purporting to terminate my position at the Surface …

A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, US, on Tuesday, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at an even faster than thought pace in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic product rose at …

He designed the Cracker Barrel logo. Now it’s caught in a culture war.  The Washington Post Cracker Barrel customers in the company’s hometown weigh in on logo: ‘If something’s not broke, don’t fix it’  Fox Business Cracker Barrel had good reasons to rebrand. But after its new logo misfired, here’s what’s next  AP News After right-wing backlash, Cracker Barrel says it will get …

Trump’s Fed Feud Spotlights Mortgage Data Privacy: Is Your Information Public?  The New York TimesView Full Coverage on Google News Source link

WASHINGTON (Reuters) — Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, slipped 0.4% last month. Economists polled by Reuters had forecast contracts, which become sales after a month …

A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers. Vertigo3d | E+ | Getty Images There is growing evidence that the widespread adoption of generative AI is impacting the job prospects of America’s workers, according to a paper released on Tuesday by three Stanford University researchers. The …