Business

Hours before President Donald Trump was scheduled to arrive at Carnegie Mellon University for an energy summit, the school administration early Tuesday ordered the painting over of a provocative anti-Trump message written by student Democrats on The Fence, a century-old campus landmark that serves as a free speech message board. One side of The Fence had the words “No Rapists …

The boss of JP Morgan Chase, Jamie Dimon, has defended the “absolutely critical” independence of the Federal Reserve chair, as Donald Trump continues to demand immediate cuts in interest rates. The US treasury secretary, Scott Bessent, said on Tuesday that a formal process for choosing a successor to the Fed chair, Jerome Powell, had already begun – despite the fact …

Trump’s ‘Crypto Week’ Set Back by House Vote  Barron’s Bitcoin falls below $117,000 after Trump crypto bills are blocked before vote  CNBC House GOP revolt slams brakes on GENIUS Act  Axios House’s ‘Crypto Week’ Hits a Bump After GOP Conservatives Rebel  Bloomberg.com My colleagues in Congress are making a mistake advancing these crypto bills  MSNBC News Source link

Some agencies are walking back planned layoffs, Trump administration says  Government Executive The Collateral Damage of Federal Work Force Cuts: Summer Interns  The New York Times US agencies shrink layoff plans after mass staff exodus  Reuters Cleared to Lay Off Workers, Some Federal Agencies Find Many Already Left  The Wall Street Journal ‘Be efficient:’ EPA Administrator Lee Zeldin lays out the agency’s goals for …

BlackRock hit by $52bn withdrawal from single client  The Times 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’s Stock Is Worst Performer in S&P 500 After Earnings  Barron’s BlackRock shares slump even as assets hit record $12.5 trillion on market rally  Reuters Source link

Rising Inflation Underscores Risks in Trump’s New Tariff Threats  The New York Times Inflation concerns trigger a market dip as new data shows impact of Trump tariffs in June  Fortune Inflation heats up in June as President Trump’s tariffs start to bite  NPR Inflation picks up again in June, rising at 2.7% annual rate  CNBC Trump’s trade war begins to show up in inflation …

Goodles Thinks Mac and Cheese Shouldn’t Be Adults’ Secret Meal Anymore  The Wall Street Journal Source link

BlackRock shares fell Tuesday after the world’s largest asset manager reported mixed second-quarter earnings — presenting a buying opportunity for patient investors. Revenue in the second quarter rose 12.9% year over year to $5.42 billion, but missed the $5.46 billion estimate, according to LSEG. Adjusted earnings per share (EPS) of $12.05 topped expectations of $10.82, LSEG data showed. Assets under …

Inflation Picks Up to 2.7% as Tariffs Start to Seep Into Prices  The Wall Street Journal U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices  The New York Times Trump’s trade war begins to show up in inflation data  Axios Live: Analysis of US CPI Report for June  Bloomberg.com Why the June CPI Isn’t a Gamechanger for the Fed  The Wall Street Journal …

xAI has offered a couple more fixes for “issues” with its Grok AI chatbot, promising it will no longer name itself “Hitler” or base its responses on searches for what xAI head Elon Musk has said. According to an X post earlier today, the chatbot’s latest update sets new instructions that its responses “must stem from your independent analysis, not …