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Stocks Slip as Fed Minutes Reinforce Rate Expectations
Major stock indexes edged lower after the release of the Federal Reserve’s June meeting minutes and weak economic data out of China. Source link
Desire for Interest on Deposits Is Bad for Main Street Banks
Community banks expected the Fed’s interest-rate increases to help them, but instead they are hurting. Source link
Goodbye, Volkswagen: China's New EV Winners
The new top dogs in China’s electric vehicle market are starting to thin out the pack. Tesla is in the running, but most other foreign
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
Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output
Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers. 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