The New York Times |
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Warsh to Reiterate Fed’s Pledge to Get Inflation Down14:53 Kevin M. Warsh, since becoming chairman of the Federal Reserve, has declined to say whether he supports higher interest rates to tame price pressures. Paramount vs. the States14:22 An effort to block media giant’s planned takeover of Warner Bros. Discovery underscores how states are taking a more active role in antitrust regulation. Chai Discovery, an A.I. Drug Start-Up, Raises $400 Million14:22 The fund-raising values the company at $3.8 billion and underscores investor interest in using artificial intelligence to tackle problems like drug discovery. Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom13:49 The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation. China Purges Top Official Over Corruption and Sex Charges12:45 Ma Xingrui is the third member of the Politburo to be purged since 2022. He once led the Xinjiang region and was previously head of China’s space program. U.S. Workers Are More Productive Than Ever. And That’s Without A.I.11:09 Companies have been getting more out of employees for several years. Tight labor markets, digitization and remote work are among the reasons. How a Promising Navy Drone Boat Program Got Mired in Politics11:09 Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut. Trump’s Strait of Hormuz Fee Could Double the Cost of Shipping0:45 The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers. Trump Is Snapping Up Stakes in Private Companies. Could A.I. Be Next?19:43 Some tech executives are nervous that recent scrutiny of artificial intelligence models could be a prelude to a demand by the Trump administration for an ownership stake. The Fed’s Christopher Waller Warns of Higher Rates if Inflation Stays High19:08 Christopher J. Waller, a governor at the Federal Reserve, said he needs to see several months of lower inflation data to feel confident about the outlook. Paramount-Warner Bros. Merger Is Challenged in Court by California and 11 Other States18:34 The lawsuit, filed by California and 11 other states, argues that the deal would harm movie theaters and damage America’s entertainment industry. U.S. Electric Vehicle Sales are Down but E.V. Chargers are Booming17:25 Electric vehicle chargers are proliferating in Southern states as fast food restaurants, stores and other businesses try to lure customers. Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.16:18 For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices. |
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