Trump-tapped Federal Reserve Governor Stephen Miran broke ranks with the MAGA administration and admitted that the economy is sinking under President Trump. Miran on Wednesday undercut the president’s rosy view of the economy, pointing out that the labor market has become weaker since Trump took office. “The economy was weaker in the first half of the year versus where it …
Read More »BYD Stock Plummets. How China’s EV Price War Tanked Tesla Rival’s Earnings. Barron’s BYD shares slide as China’s EV price war hits profits BBC BYD Profit Drop Shows Even EV Leader Isn’t Safe in Price War Bloomberg.com BYD records consecutive monthly production drops for first time since 2020 Yahoo Finance BYD’s shares slide after steep fall in quarterly profit Reuters Source link
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Facebook Tweet Email Link New York — Cracker Barrel, the struggling country-themed restaurant chain and road trip staple, is backtracking on a new logo that drew a right-wing backlash and tanked the chain’s stock. “If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel,” the company posted on its website Monday. “You’ve also …
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In light of a disappointing jobs report released on Friday, Jim Cramer has urged the Federal Reserve to implement a cut in interest rates. What Happened: The nonfarm payroll growth for July was a mere 73,000, falling significantly short of the anticipated 100,000. Additionally, the figures for May and June were revised downwards by a total of 258,000. The unemployment rate for …
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