Business

President Donald Trump, after filing a $20 billion lawsuit against the Wall Street Journal over a story alleging Trump gave Jeffrey Epstein a lewd birthday note more than two decades ago, disputed the newspaper’s coverage on a separate topic. On Saturday, the Journal published an article with the headline “How Bessent Made the Case to Trump Against Firing Fed Chair …

Universal Music Group’s (UMG) – which is the world’s biggest music group and owner of the record labels behind mega stars Taylor Swift, Drake and Lady Gaga – has filed to sell its shares in the US. The company, which is already listed in the Netherlands, has a stock market valuation there of almost €50bn ($43.3bn; $58.5bn). The music powerhouse’s …

First, Amazon promised prices wouldn’t rise under President Donald Trump’s tariffs. Then it quietly increased them anyway. A revealing analysis by The Wall Street Journal found that since Trump’s initial tariff announcement in January, Amazon raised prices on a range of everyday items—deodorant, pet supplies, protein shakes—by an average of 5%. This was despite a public pledge in April to …

Respected Industry Leader to Join Iconic Sandwich Brand on July 28  MIAMI, July 21, 2025 /PRNewswire/ — Subway®, one of the world’s largest restaurant brands, today announced that Jonathan Fitzpatrick will join the company as Chief Executive Officer (CEO), effective July 28, 2025, following a comprehensive search.  With more than two decades of franchising and quick service restaurant experience, Fitzpatrick …

U.S.-Based Orange Juice Importer Sues Over Trump’s 50% Tariff on Brazilian Goods  The New York Times U.S. coffee drinkers and businesses will pay the price for Trump’s Brazil tariffs  NPR Brewing trouble: America’s coffee addiction meets Trump’s trade tariffs  CNN Traders rush to land Brazilian coffee in the US before Trump’s 50% tariff  Reuters Trump tariffs on Brazil will raise orange juice prices, importer …

US Treasury’s Bessent calls for review of Fed non-monetary policy operations  Reuters Treasury Secretary Bessent calls for a review of ‘the entire’ Federal Reserve  CNBC Trump admin live updates: Bessent calls for a review of ‘entire Federal Reserve institution’  ABC News Bessent calls on Fed to do comprehensive review of its mission  Politico Bessent Says Review of Fed’s Building Renovations Is Needed  Bloomberg.com Source link

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Key Takeaways Intel is expected to report second-quarter results after the closing bell Thursday. All 11 analysts covering Intel tracked by Visible Alpha have “hold” ratings for the stock. Intel’s foundry division is in focus as the chipmaker’s new CEO is reportedly considering a manufacturing change that could lead to billions in technology cost write-offs. Intel is scheduled to report …

Alaska Airlines has resumed flights after the failure of a critical piece of hardware forced the airline to ground all its planes for approximately three hours, but the effects will linger into Monday, the company announced. The carrier issued a system-wide ground stop for Alaska Airlines and Horizon Air flights around 8 p.m. Pacific time Sunday. The stop was lifted …

MIAMI (AP) — Elon Musk fought court cases on opposite coasts Monday, raising a question about the billionaire that could either speed his plan to put self-driving Teslas on U.S. roads or throw up a major roadblock: Can this wildly successful man who tends to exaggerate really be trusted? In Miami, a Tesla driver who has admitted he was wrong …