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As Greedflation Starts to Fade, Wageflation Creeps In
Softer demand, more supply and rising labor costs all take the air out of profit margins. Source link
New York State Built Elon Musk a $1 Billion Factory. ‘It Was a Bad Deal.’
Listen to article (2 minutes) BUFFALO, N.Y.—New York spent nearly $1 billion over the past decade on Elon Musk’s ambitious plan for what was supposed
Publishers and Advertisers Push Back at FTC's 'Click-to-Cancel' Proposal
Mandating a simpler cancellation process would confuse consumers and create problems for businesses, trade groups say. Source link
DoorDash, Uber Eats, Grubhub Sue New York City Over Wage Law
The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. Source link
EV Sales Growth in First Half Slowed From Torrid Pace
Rising inventory on dealership lots will offer test of future demand for electric vehicles. Source link
Yellen Says U.S. Doesn't Seek 'Winner Take All' Fight With China
The Treasury secretary is in Beijing seeking to curb a steep slide in relations between the world’s two biggest economies. Source link
Deutsche Bank Initiates Coverage of Fleetcor Technologies (FLT) with Buy Recommendation
Fintel reports that on July 7, 2023, Deutsche Bank initiated coverage of Fleetcor Technologies (NYSE:FLT) with a Buy recommendation. Analyst Price Forecast Suggests 3.11% Upside
U.S. Payment Infrastructure Improvements and Alternatives
Craig DeWitt is a co-founder of Supermojo The United States domestic payment infrastructure has historically lagged behind peer countries. The lack of an instant 24/7 payment rail
NBCUniversal Entertainment Shake-Up Elevates Veteran Studio Chief
The restructuring gives Donna Langley oversight of the company’s content strategy and is the first major change under Comcast President Mike Cavanagh’s leadership. Source link