The Federal Reserve’s power: Congress giveth and Congress can taketh away
"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."
Business
Shockingly bad jobs report reveals a months-long stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’
"September is a lock for a rate cut and it might even be a 50-basis point move to make up the lost time."
Coinbase’s $1.5 billion windfall—and two other key numbers hidden in latest earnings
The “one-time” items like the Circle payout and the $307 million data breach are more significant than the quarterly revenue and trading figures.
Everyone’s watching Jerome Powell as warnings flash for the U.S. economy
“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of above-target inflation,” said Brian Rose at UBS Global Wealth Management.
Is eBay actually sexy again as the ecommerce old-timer’s stock surges to an all-time high?
The 30-year-old auction site is riding hot, historically strong product categories like collectibles and trading cards to its best performance in years.
Figma shares more than triple in soaring public debut
The design software company's market cap soared to $46 billion in a stunning first-day IPO pop.
Kerr County officials reveal they were asleep, out of town during night of catastrophic flood
Lt. Gov. Dan Patrick was frustrated. “I’m not pointing a finger, I’m not blaming you, I just want to set the record straight. Everyone was here that day working their ass off, and you were nowhere to be found."
ACMA’s Crackdown on Illegal Online Gambling: Targeting Dama N.V. and Softswiss
Australian Communications and Media Authority’s Actions Against Illegal Online Gambling The Australian Communications and Media...
Wesley LePatner, a 44-year-old Blackstone executive who oversaw its $53 billion real-estate investment fund, was killed in Manhattan’s mass shooting
"We cannot properly express the grief we feel upon the sudden and tragic loss of Wesley," the LePatner family told Fortune, adding she was a "driven and extraordinarily talented professional and colleague."
