Business

‘Uncharted Waters’: Trump’s Attempt to Take Charge of the Fed  The Wall Street Journal Trump says he has fired Fed governor Lisa Cook. She says he has no ‘authority’ to fire her  CNN Trump’s pressure on the Fed won’t have a huge impact on key stocks, Jim Cramer says  CNBC The Trump administration’s new weapon against foes: Mortgage filings  The Washington Post Trump’s attempt …

Running two days late, SpaceX finally launched its huge Super Heavy-Starship on Tuesday on a high-stakes return-to-flight after three catastrophic failures in a row earlier this year. The Super Heavy booster’s 33 methane-fueled Raptor engines flashed to life with a ground-shaking roar and a rush of flaming exhaust at 7:30 p.m. ET, majestically pushing the 40-story-tall rocket away from SpaceX’s …

U.S. stocks rose on Aug. 26 as investors looked past President Donald Trump’s firing of Federal Reserve Governor Lisa Cook and its implications for the central bank’s independence. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The benchmark S&P 500 …

U.S. pharmaceutical giant Eli Lilly (LLY) says it is preparing for the approval and launch of its new weight loss pill following the results of a late-stage clinical trial. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The Indianapolis, Indiana-based …

Now that everyone is using ChatGPT, the lazy columnist’s trick of quoting Wikipedia to open an Article is less cliché than it is charming (at least that’s my excuse). Anyhow, here is Wikipedia’s definition of “steelmanning”: A steel man argument (or steelmanning) is the opposite of a straw man argument. Steelmanning is the practice of applying the rhetorical principle of …

OpenAI, Altman sued over ChatGPT’s role in California teen’s suicide  Reuters A Teen Was Suicidal. ChatGPT Was the Friend He Confided In.  The New York Times OpenAI says it plans ChatGPT changes after lawsuit blamed chatbot for teen’s suicide  CNBC Parents of 16-year-old sue OpenAI, claiming ChatGPT advised on his suicide  CNN California family sues Sam Altman, OpenAI over son’s suicide  SFGATE Source link

US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up  Reuters Donald Trump orders removal of Federal Reserve governor Lisa Cook  BBC Donald Trump’s battle against the Fed heads for courtroom showdown  Financial Times The Trump administration’s new weapon against foes: Mortgage filings  The Washington Post Trump Again Escalates Power Grabs in Bid to Fire Fed Member  The New York Times Source …

Cracker Barrel rebrand unites Trump, Democrats Cracker Barrel rebrand unites Trump and Democrats in disdain 07:07 Less than a week after unveiling a controversial new logo that prompted the company’s stock value to take a dive and even President Trump to weigh in, Cracker Barrel announced Tuesday that it will return to its old logo. “We thank our guests for …

Fox News contributor Liz Peek argues Cracker Barrel’s logo change was unnecessary on ‘The Bottom Line.’ Cracker Barrel said Tuesday that after listening to its customers, it will scrap its new logo and keep the “Old Timer” in place. “We thank your guests for sharing your voices and love for Cracker Barrel,” the restaurant chain said in a statement to …

Trump’s move to take over the Fed adds more uncertainty to the economy  The Washington Post Donald Trump orders removal of Federal Reserve governor Lisa Cook  BBC An Atlanta condo is at the center of Trump’s attempt to fire a Federal Reserve Governor  WABE Opinion | Why Trump’s Attack on the Fed Isn’t Spooking Wall Street  Politico The Trump administration’s new weapon against foes: …