Business

No one is expecting a global boom. This former hedge-fund manager says it’s coming and has a way to play it.  MarketWatch Source link

Trump’s Takeover of the Fed  The New York Times Trump Again Escalates Power Grabs in Bid to Fire Fed Member  The New York Times Republicans skeptical but quiet on Trump’s attempt to fire Fed board member  The Hill How an obscure housing director launched Trump’s firing of Fed governor Lisa Cook  CNN An Atlanta condo is at the center of Trump’s attempt to fire …

NEW YORK (AP) — Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a “socialist” move: More is coming. “I will make deals like that for our Country all day long,” the president posted on Truth Social after critics piled on, adding later about future ownership stakes, “I want …

Cracker Barrel Stock Jumps After Dumping New Logo. Now Comes the Hard Part.  Barron’s After right-wing backlash, Cracker Barrel says it will get rid of its new logo  CNN Cracker Barrel to return to its old logo after backlash  CBS News White House takes credit for Cracker Barrel logo reversal  Politico Cracker Barrel says it “could’ve done a better job” with release of new …

Matthew and Maria Raine, the parents of a 16-year-old named Adam Raine who died by suicide in April, today filed a lawsuit against OpenAI, its CEO, Sam Altman, and the company’s employees and investors. The lawsuit was first reported by The New York Times and NBC News. The plaintiffs, represented by the law firm Edelson and the Tech Justice Law …

Keurig Dr Pepper Stock Tumbles After Deal to Buy Peet’s Coffee Parent. Here’s Why.  Barron’s Texas-sized merger, then split  Axios Keurig Dr Pepper: Coffee Flop Shows What US Investors Won’t Swallow  Bloomberg Dr Pepper takes a shot at Nestle with $18 bln takeover of Dutch coffee giant  Reuters Why KDP’s CEO decided to forge a coffee colossus with the $18 billion acquisition of Peet’s—then …

Key Takeaways DISH TV operator EchoStar announced the sale of low- and mid-band spectrum allocations to AT&T for $23 billion. The two firms also agreed to change their earlier network services deal to create a hybrid mobile operator relationship. EchoStar said the transaction resolves issues with federal regulators, who have been investigating whether it was meeting it wireless and satellite …

A sign is displayed above a Kohl’s store in Chicago on March 1, 2023. Scott Olson | Getty Images Kohl’s shares climbed more than 15% on Wednesday after the retailer topped Wall Street’s second-quarter earnings and revenue expectations, even as its sales declined and it looks for a new CEO. The Wisconsin-based department store narrowed its full-year sales guidance to …

Note: Powell was appointed as governor by Obama and nominated as chair by Trump. When President Trump took office in 2025, just two of the seven seats on the Federal Reserve’s Board of Governors were held by his appointees. He had also elevated Jerome H. Powell to the chair position during his first term. Note: Powell was appointed as governor …

Markets sold off worldwide after President Trump announced plans to fire Fed governor Lisa Cook and threatened steep tariffs on China, raising fears about Fed independence and the dollar’s role as a reserve currency. S&P futures were down this morning. However some hopes emerged as investors focused on the Fed’s institutional strength. There was a global selloff in the markets …