Trump Media reports $16 million loss for quarter as revenue falls
Donald Trump, the majority owner of Trump Media, often uses its Truth Social app as he campaigns as the Republican presidential nominee.
Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
With growth concerns moving to the fore, how the U.S. consumer is faring could be key to understanding what’s next for markets and the economy.
Biden administration’s student loan relief plan may be paused for ‘months or even a year,’ expert says
The Biden administration’s new affordable repayment plan, known as SAVE, may be on hold for months amid a slew of legal challenges. What borrowers should know.
Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
Stellantis will indefinitely lay off up to 2,450 U.S. plant workers later this year as it discontinues production of an older version of its Ram 1500 pickup.
Tesla’s board faces questions from Elizabeth Warren about Musk’s corporate ‘entanglements’
In a 10-page letter to Tesla’s chair on Thursday, Elizabeth Warren asked the automaker’s board if it’s monitoring Elon Musk’s activities at his other ventures.
10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
U.S. Treasury yields were slightly lower early Friday as investors continue to assess weekly jobless claims data.
Trump appears to confuse former Mayor Willie Brown with former Gov. Jerry Brown
Trump also claimed that Willie Brown told him “terrible things about” Harris and that Brown was “not a fan of hers very much at that point.”
Advertising group suspends brand safety unit after Elon Musk’s antitrust lawsuit
The World Federation of Advertisers said it’s suspending operations of its Global Alliance for Responsible Media after Elon Musk’s X filed an antitrust lawsuit.
Paramount Global announces it will cut 15% of U.S. workforce, shares rise on second-quarter earnings
Paramount Global plans to cut 15% of its U.S. workforce as part of a broader $500 million cost reduction.
Trump says he should get a say on Federal Reserve interest rate decisions
The comments seem to reinforce reporting earlier this year that advisors close to Trump are looking at a host of changes for the Fed.
