- August 9, 2024
Gavin Newsom clears homeless encampment as he pressures cities
California Gov. Gavin Newsom on Thursday had a message for local governments: clean up homeless encampments now or lose out on state funding next year.
Goldman Sachs’s Jan Hatzius: Markets humble analysts by proving them wrong
If you’re a bit stumped by where the economy’s headed, don’t worry—you’re not the only one. A recent note from Goldman Sachs highlighted that even
Elizabeth Warren blasts JPMorgan over potential checking account fees
In a letter to JPMorgan Chase CEO Jamie Dimon sent Thursday, Democratic lawmakers are calling on the bank to rethink imposing new fees on its
China’s domestic auto sales tumbled in July but exports jumped 20%
Auto sales in China faltered in July, slipping 5% from a year earlier, the China Passenger Car Association said Friday, although exports jumped about 20%
Trump’s demand for influence over the Fed conjures comparisons to Nixon
Donald Trump’s assertion that he has a “better instinct” for setting interest rates than the Federal Reserve or its chairman does not appear to have
Coca-Cola to raise reverse Yankee debt by selling €1 billion of Euro debt
Coca-Cola is a behemoth in every right. That means big profits and financial implications with a multi-billion-dollar price tag. The company, which sells its eponymous
Jeffrey Schmid, Kansas City Fed president, says labor market healthy
The markets might be panicking about last week’s jobs report but Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, certainly isn’t. In
German giant Siemens beat profit estimates on the back of AI boom and demand for electrification
German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the “boom” in artificial intelligence
Elon Musk’s outspoken riot comments prompt U.K. to seek tougher social media rules
Keir Starmer called for a “mature conversation” with social media companies to limit malicious content that’s stoked days of rioting in the UK. Instead, he
Trump calls for presidential influence over interest rates, Fed policy
Republican nominee Donald Trump said that the president should have some say over interest rates and monetary policy, a move that would go against the