Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates
Her resignation now paves the way for Trump to put his own nominee in for the Board of Governors. ...
Economy
Trump fires commissioner of labor statistics after weaker-than-expected jobs figures slam markets
Trump accused BLS Commissioner Erika McEntarfer of being a political appointee who was manipulating jobs data. ...
Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
Berkshire's operating profit dipped 4% year over year to $11.16 billion in the second quarter. ...
Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop
Venture capital firms have been waiting for big exits after an extended lull in IPOs. Figma's debut is returning billions.…
TikTok took the world by storm. Now, Chinese companies are taking videos further with AI
Chinese companies are capitalizing on a trove of video and gaming experience to ramp up money-making AI tools for generating…
Amazon’s gloomy earnings forecast overshadows better-than-expected results
The guidance spooked investors who are eager to see Amazon’s hefty investments in artificial intelligence pay off. ...
Nintendo doubles quarterly revenue as Switch 2 sales hit 5.8 million units
Nintendo shares have rallied roughly 40% so far this year on excitement over the firm's new Switch 2 hybrid console.…
How countries are reacting to Trump’s latest tariff announcements as deadline looms
The White House also announced a 40% tariff rate for all goods transshipped to avoid the applicable duties. ...
Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting. ...