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21h ago

Here's what happened to financial markets after Richard Nixon pressured the Fed

Financial strategists noted parallels between Trump’s attempt to fire Lisa Cook and Nixon’s push for less-restrictive monetary policy.
The exterior of the Federal Reserve Building
The exterior of the Federal Reserve Building

Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause

For now, the company is fairly insulated from any immediate drop-off in demand, since it has a large back order.
Lamorghini CEO Stephan Winkelmann in 2024.
Lamorghini CEO Stephan Winkelmann in 2024.

Cracker Barrel will go back to old logo after conservative backlash

The reversal by the country-themed restaurant chain comes after it tried to reassure customers that its values haven't changed.
Cracker Barrel Old Country Store sign
Cracker Barrel Old Country Store sign

frontier Airlines goes after struggling rival Spirit's customers with 20 new routes

Some of frontier’s new routes from Fort Lauderdale, Florida, include flights to Detroit, Houston, Chicago and Charlotte, North Carolina.
A Frontier Airlines plane
A Frontier Airlines plane
1d ago

S&P 500 ends higher after Trump attacks Fed

Despite lingering inflation pressures, traders have been pricing in a 0.25% interest rate cut for the Fed’s September policy meeting.
Traders.
Traders.
1d ago

August consumer confidence dips in U.S. with jobs, tariffs and high prices driving most unease

A measure of Americans’ short-term expectations for their incomes, business conditions and the job market remains below 80, the marker that can signal a recession ahead.
Trump Targets $128 Billion California High-Speed Rail Project
Trump Targets $128 Billion California High-Speed Rail Project
1d ago

Trump tampering with Fed independence is risky for the economy, experts say

Past presidents have expressed views about monetary policy, but Trump's attempts at influence are largely unprecedented.
A split composite image of Donald Trump, left, and Lisa Cook
A split composite image of Donald Trump, left, and Lisa Cook
1d ago

The scooters looked real, but the business was fake: Inside a scam that ensnared thousands

Lightning Shared Scooter Co. promised investors huge returns and earned some trusted endorsements. Then it all fell apart.
Marcus Price (left) and Kumba Kenneth (right), residents of the MIssissippi Delta who both invested money into LSSC.
Marcus Price (left) and Kumba Kenneth (right), residents of the MIssissippi Delta who both invested money into LSSC.

Trump says he's firing Fed's Lisa Cook, but she says he can't

Cook, the first Black woman to serve on the Fed's board, dismissed the mortgage fraud allegations and says Trump cannot fire her.
Senate Banking Committee Hears Testimony From Nominees For Federal Reserve Board Of Governors
Senate Banking Committee Hears Testimony From Nominees For Federal Reserve Board Of Governors
1d ago

Pumpkin spice lattes are back: How to treat yourself without the price pinch

You don't need to let rising coffee prices get in the way of your autumn indulgences.
A pumpkin spice latte is be prepared on Friday, Aug. 23, 2024, as it returned to Starbucks for its fall menu.
A pumpkin spice latte is be prepared on Friday, Aug. 23, 2024, as it returned to Starbucks for its fall menu.
2d ago

Europe

Europe

France in political crisis after PM Bayrou's confidence-vote gamble

Francois Bayrou jolted the political establishment out of its summer slumber Monday with his unexpected move to seek a Sept. 8 confidence vote on his debt-cutting plan.
Image: FRANCE-POLITICS-GOVERNMENT-ECONOMY
Image: FRANCE-POLITICS-GOVERNMENT-ECONOMY

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