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Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds3:59 Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found. F.C.C. Asks Court to Toss ABC Suit Over Broadcast Licenses2:55 The network sued the agency last month to stop it from taking steps that could force ABC stations off the air. The F.C.C. said the lawsuit was premature. Tesla Begins Offering Rides in a Car Without a Steering Wheel0:48 The new Cybercab embodies Elon Musk’s vision of cars that drive themselves, but it is not clear when the vehicle will be widely available. Volkswagen Plans to Cut 50,000 Jobs22:41 Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring. Mortgage Rates Climb to Highest Level Since July 202522:09 Higher costs for home loans have put a squeeze on the housing market, adding pressure to consumers already struggling with elevated inflation. Maria Bartiromo Is Out at Fox News20:32 The host, who appeared on Fox Business and Fox News, had been with the network for more than 12 years. Bessent Blames Ukraine for High Energy Prices19:28 After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock. Leon Black Sues Congressional Panel Investigating Epstein18:24 The billionaire skipped a deposition on Thursday and filed a lawsuit seeking to block a House committee’s subpoenas demanding nondisclosure agreements he may have made with women. The Athletic Says Dianna Russini’s Relationship With Mike Vrabel Violated Its Standards16:48 The New York Times-owned publication said the relationship between its former reporter Dianna Russini and Mike Vrabel of the Patriots gave the appearance of a conflict of interest. Trump Administration Renews Push to Strip Schools of Tax-Exempt Status15:11 The Treasury Department released rules that would upend how schools qualify for tax-exempt status, a new front in the president’s campaign against higher education. U.S. Trade Gap Ballooned in July15:11 The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports. Rate Rise in Play as Fed Officials Await Inflation Data14:39 Christopher J. Waller, a Federal Reserve governor, sounded optimistic about inflation’s trajectory but indicated he would support higher rates if progress does not continue. Nvidia Buys Hugging Face in $12.9 Billion Deal14:39 The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology. Oil Jumps for Fourth Straight Day and Diesel Nears Record High14:39 This week’s renewed strikes by the United States and Iran strain the flow of energy and diminish expectations the disruption will end soon. Which Investors Will Get Rich From Anthropic’s IPO?11:25 When Anthropic goes public in a blockbuster offering, which investors will profit? The answer says a lot about how much start-up investing has changed over the years. |
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