Stephen Miran, Trump’s Fed governor nominee, pledges central bank independence
"Independence of monetary policy is a critical element for its success," Miran said in a prepared statement to the Senate…
Economy
Figma’s stock plunges after company’s first earnings report since IPO
Figma reported better-than-expected revenue for the second quarter in its first earnings report as a public company. ...
OpenAI boosts size of secondary share sale to $10.3 billion
OpenAI is allowing current and former employees to sell more than $10 billion worth of stock in a secondary share…
Job openings data falls to levels rarely seen since pandemic
The Job Openings and Labor Turnover report showed less than 7.2 million listings in July. ...
A historic change in how Americans buy groceries is underway as SNAP benefit cuts begin
Cuts to SNAP benefits in President Trump's tax law begin on Monday, a historic change in government support for low-income…
Trump tells drugmakers to ‘justify the success’ of Covid meds after FDA limits vaccine approval
Health and Human Services Secretary Robert F. Kennedy Jr. has taken measures to overhaul federal health agencies and change U.S.…
Brent oil futures climb 2% as Russia flows, U.S. policies in focus
Investors are mulling the fate of Russian oil supplies amid Ukraine war escalations and the impact of U.S. trade policies…
Trump calls India-U.S. trade relationship ‘a totally one sided disaster’ after Modi visits China
This comes against the backdrop of the U.S. imposing 50% tariffs on the country, including secondary duties of 25% last…
Kraft Heinz to split into two companies
The deal will reverse much of the $46 billion merger envisioned by Warren Buffett's Berkshire Hathaway and private equity firm…