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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
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
Lazard Fires Top Restructuring Banker Accused of Harassing Employees
Reid Snellenbarger is said to have acted inappropriately at a party he hosted over the weekend. 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
This Year's Most Buoyant Sector Was a Win for Value Investors
Cruise lines were the top performer of the second quarter and among the top U.S. stocks for the year. Their secret was low expectations. Source