Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.
Job openings fell more than expected in July in another sign of labor market softening
The closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month.
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed’s target.
Chase signs on as jersey patch sponsor of Golden State Valkyries, the Bay Area’s WNBA expansion team
The Golden State Valkyries, the WNBA expansion team set to play in San Francisco in 2025, will have Chase as its jersey patch sponsor.
Fracking led the U.S. to pump more oil than any country in history — here’s what that means for the green energy transition
In 2023, the U.S. produced more oil than any country in history. This comes as fossil fuel and renewable energy subsidies face scrutiny.
Airplane engines are in short supply. The business of fixing older ones is booming
Engine repair shops have swelled to a $58 billion business, according to Alton Aviation Consultancy, and are cash cow for engine makers like GE Aerospace.
Japanese company vows U.S. Steel would be American-run as election-year takeover faces mounting opposition
The pledge by Nippon Steel, Japan’s largest steelmaker, comes after Vice President Kamala Harris said the U.S. company “should remain American-owned.”
Nvidia shares fall on Wednesday, company denies it received a subpoena from the Department of Justice
Nvidia’s huge rise in recent years has been directly related to its dominance in AI chips for data centers.
Trump pleads not guilty to revised election interference indictment
Trump, the Republican presidential nominee, is charged with illegally conspiring to overturn his Electoral College loss to President Joe Biden.
Elon Musk’s Starlink says it will block X in Brazil to keep satellite internet active
SpaceX satellite internet service Starlink said it will comply with court orders to block social network X in Brazil.
