Business

Federal Reserve Governor Lisa Cook, the first Black woman to sit on the Board of Governors, has filed a lawsuit challenging President Trump’s order to remove her. Drew Angerer/Getty Images North America hide caption toggle caption Drew Angerer/Getty Images North America Federal Reserve governor Lisa Cook has sued President Trump, who had ordered her removal from office. The suit was …

A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned.  The cuts will impact less than 1% of Nike’s corporate staff. It’s unclear how many jobs …

The Powerball prize has grown to $950 million — the game’s sixth-largest prize in its history — after there was no jackpot winner in Wednesday’s drawing. The winning numbers in Wednesday’s drawing were: 9, 12, 22, 41 and 61 and red Powerball 25. With the growing jackpot, a winner in Saturday’s drawing can between an annuitized prize of $950 million …

UnitedHealth (UNH) stock has plunged 40% year-to-date due to multiple reasons, including the U.S. Department of Justice’s (DOJ) investigation into the company’s Medicare billing practices and disappointing financials due to higher medical costs, mainly related to Medicare Advantage plans. Despite the ongoing pressures, most analysts remain bullish on UNH stock and patiently await a turnaround in the health insurer’s business. …

AT&T Can Provide a Dividend—and a Higher Stock Price, Too  Barron’s EchoStar to sell wireless spectrum licenses to AT&T in $23 billion deal  Reuters AT&T: Spectrum Nightmare Returns (NYSE:T)  Seeking Alpha Exclusive / Musk’s Starlink, T-Mobile eye EchoStar’s spectrum after AT&T deal  Semafor Is AT&T/EchoStar a competitive pitfall for cable?  Fierce Network Source link

By BEN SHIMKUS, US CONSUMER REPORTER and REUTERS Published: 13:49, 28 August 2025 | Updated: 15:14, 28 August 2025 America’s most iconic automaker has issued another recall, extending its record-breaking pace.  Ford Motor posted another safety bulletin with federal safety regulators: this time, the recall impacts nearly 500,000 vehicles in the US.  The issue involves a brake fluid leak, the …

WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is raising the alarm on Chinese money laundering networks (CMLNs), which pose a significant threat to the U.S. financial system. FinCEN is issuing: (1) an Advisory to urge financial institutions to be vigilant in detecting the use of CMLNs by Mexico-based drug cartels, including several designated …

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 …