Trump’s Intel deal has already given the government a $1.9 billion gain on paper
The government is getting 433.3 million shares of non-voting stock priced at $20.47 apiece — a discount from Friday's closing price at $24.80.
Business
Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says
Another contested meeting would mark further deviation from the Fed's traditional consensus-driven decision-making process.
The Fed is starting to worry about the housing market now
"A few participants noted a weakening in housing demand, with increased availability of homes for sale and falling house prices."
Markets worldwide start going on a tear after Jerome Powell signals he’s open to a September rate cut
The S&P 500 looks like it will break a five-day losing streak.
Ex-Applebee’s exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don’t need two of us, so I’m gonna have to let you go’
Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role. Spanx’s and FedEx’s founders also created billion-dollar companies after their business ideas were rejected.
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.
Even McDonald’s CEO knows the fast-food giant is too expensive. Now he’s cutting prices to woo back cash-strapped consumers
The chain will reduce prices for eight popular combo meals, aiming to uphold its brand image of affordability.
An MIT report that 95% of AI pilots fail spooked investors. But it’s the reason why those pilots failed that should make the C-suite anxious
The lessons from the MIT study were less about what's wrong with AI models and more about what's wrong with the way companies are trying to use them
Students are so glued to their phones that 17 states are cracking down with ‘bell-to-bell’ bans for this school year
The District of Columbia, too.
