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BofA CEO Brian Moynihan dismisses recession fears despite Wall Street's most hawkish Fed forecast17:04 Bank of America CEO Brian Moynihan says a recession is not coming despite his firm predicting three Federal Reserve rate hikes and inflation through 2028. Trump says Taiwan is doubling the size of chipmaking plant in Arizona16:28 President Donald Trump said that the world s largest chipmaker is doubling the size of its chipmaking facilities under construction in Arizona. Silicon Valley elite shift record wealth to build Florida's new 'tech capital'14:44 Billionaire Peter Thiel s historic Miami office lease highlights how tax savings and quality of life drive corporate relocations to Florida. Private sector added 98,000 jobs in June, below expectations, ADP says14:44 The figure reported on Wednesday is below economists’ estimates of an increase of 118,000 jobs. The prior month s reading was unrevised at 122,000. Sephora joins Walmart, Target with new 'quiet hours' shopping experience4:09 Sephora is rolling out quiet hours across U.S. stores, lowering music, screen activity and scents to create calmer spaces for sensory-sensitive shoppers Trump financial disclosure reveals more than $1B in crypto income during first year back in office3:36 President Trump reported more than $1B in crypto-related income, including over $500 million tied to World Liberty Financial sales and $635M in meme coin royalties. Judge lets states pursue claims that Meta designed Facebook and Instagram to addict children3:36 A federal judge denied Meta s motion to dismiss a social media addiction lawsuit brought by 29 state attorneys general alleging online harm to children. Trump administration lifts Claude Mythos 5, Fable 5 export restrictions after Anthropic works with government3:04 The Commerce Department lifted export restrictions on Anthropic s Claude Fable 5 and Mythos 5 after a review, clearing the models for wider access Einstein Bros. Bagels plans 300-store expansion as Americans fuel $5.8B bagel boom3:04 Einstein Bros. Bagels plans to open over 300 new bakeries by 2030, surpassing 1,000 locations as the U.S. bagel category hits $5.8 billion in value. Chicken Caesar wraps sold in 2 states may contain deadly Listeria, USDA warns23:42 Routine testing detected possible Listeria contamination in ready-to-eat chicken Caesar wraps sold at Holiday convenience stores, prompting a USDA public health alert BLS took steps to fix data release failures but watchdog says more safeguards are needed23:42 A watchdog report found BLS released CPI and jobs data at improper times in 2024, saying the agency still needs additional safeguards for economic data. EEOC hits FedEx with federal lawsuit over alleged discrimination against blind workers23:42 The EEOC has sued FedEx, alleging the company discriminated against blind package handlers at its North Carolina facility by failing to provide reasonable workplace accommodations. Ford recalls 741,195 SUVs and pickups after transmission defect raises rollaway risk: NHTSA23:08 Ford recalls over 741,000 vehicles including Expedition SUVs and F-150 pickups over a transmission defect that can damage the parking mechanism. 'Lightning speed': Supersonic civilian flights in US skies take another step toward swift return22:34 The FAA proposed new noise standards for supersonic aircraft, moving to lift the decades-old ban on civilian supersonic flights over U.S. land. |