Business

Intel’s New Deal + Waymo C.E.O. Tekedra Mawakana on Scaling Driverless Cars + Trumps in Tech  The New York Times Conservatives and economists warn Trump admin. against buying stakes in U.S. companies beyond Intel  CBS News Intel says it received US grant; government says it is still working on deal  Reuters Analysis | The death of Reaganomics: Trump breaks with longtime GOP economic …

First they came for the Smithsonian. Then they came for Cracker Barrel. Whether it’s the museums or the corporations – or the universities, law firms, federal departments and agencies – the attack lines of the Trump culture war and its culture warriors are the same. The vicious full-scale assault on the Cracker Barrel restaurant chain after the company naively wandered …

Lisa Cook’s fight to prevent her removal from the Federal Reserve started Friday morning in a federal court in Washington, D.C. After more than two hours of oral arguments, the hearing between Cook’s legal team and the Trump administration ended without the judge ruling on a temporary restraining order that could block Cook’s firing. What happens next wasn’t immediately clear. …

The Powerball jackpot has climbed to an estimated $1 billion — the sixth-largest jackpot in the lottery game’s history — after no one won the $850 million grand prize on Wednesday. If there’s a winner from Saturday night’s drawing, they can choose between a $1 billion prize paid out in yearly payments or one big payment estimated at $453.1 million. …

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Personal Income and Outlays, July 2025  U.S. Bureau of Economic Analysis (BEA) (.gov) Core inflation rose to 2.9% in July, highest since February  CNBC PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates  The New York Times US consumer spending strong in July; services inflation warms up  Reuters Inflation is climbing. Trump might still get lower rates.  Politico Source link

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In another step to appease MAGA, restaurant chain Cracker Barrel has ditched its webpage boasting its support for the LGBTQ+ community. “In connection with the Company’s brand work, we have recently made updates to the Cracker Barrel website, including adding new content and removing of out-of-date content,” the company said in a statement to Fox News Thursday.  In other words, …

U.S. trade deficit in goods widened sharply in July as firms raced to avoid tariffs  MarketWatch US goods trade deficit widens sharply in July  Reuters U.S. releases advance July goods trade, inventories data  TradingView The U.S. Goods Trade Deficit: A Looming Drag on Q3 Growth and Investment Implications  AInvest S&P 500 Sinks on Alarming Trade Deficit Report  TipRanks Source link

Stocks decline, US Treasury yields rise; US inflation data mostly in line  Reuters Stock market today: Dow, S&P 500, Nasdaq fall from records after PCE inflation data  Yahoo Finance Stock Market Today: Dow Falls 200 Points; Cook Hearing Is On; Inflation Holds Above Target — Live Updates  The Wall Street Journal Stocks edge back from their latest all-time highs on Wall Street  AP News …