Sep 01 Nestlé dismisses CEO due to an inappropriate relationship with a subordinate By Associated Press Philipp Navratil, a longtime Nestlé executive, will replace Laurent Freixe. Continue reading
Aug 29 Appeals court finds Trump had no right to impose tariffs, but leaves them in place for now By Paul Wiseman, Lindsay Whitehurst, Associated Press The U.S. Court of Appeals for the Federal Circuit ruled Trump wasn’t legally allowed to declare national emergencies and impose import taxes on almost every country on earth, a ruling that largely upheld a May decision by a specialized federal… Continue reading
Aug 29 Key U.S. inflation gauge holds mostly steady though core inflation ticks higher By Christopher Rugaber, Associated Press Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. Continue reading
Aug 28 Trump fires Democratic Surface Transportation Board member before huge rail merger decision By Josh Funk, Associated Press President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie before the body considers the largest railroad merger ever proposed. Continue reading
Aug 28 Tesla sales continue plunging in Europe as anger at CEO Musk keeps buyers away By Bernard Condon, Associated Press Europeans angry at Elon Musk still aren't buying his cars months after the billionaire predicted a “major rebound” in Tesla sales, data released Thursday shows. Continue reading
Aug 27 Nvidia’s latest quarter shows signs of AI chip sales slump amid concerns of tech bubble By Michael Liedtke, Associated Press The results announced Wednesday were hotly anticipated because Nvidia has emerged as key barometer of a two-year-old AI boom that has been propelling the stock market to new heights. Continue reading
Aug 27 Trump’s 50% tariffs on India over Russian oil purchases take effect By Rajesh Roy, Associated Press The situation highlights the fragile trade ties between the two allies. U.S. President Donald Trump had initially announced a 25% tariff on Indian goods, but then imposed an additional 25% tariff due to India's purchases of Russian oil. Continue reading
Aug 26 Watch 12:27 How Trump’s attempts to control Federal Reserve board threaten its long-held independence By Amna Nawaz, Winston Wilde, Jackson Hudgins President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court. At… Continue watching
Aug 26 WATCH: Trump reacts to Fed’s Lisa Cook vowing legal action against firing By Associated Press President Donald Trump said “we have some very good people” in mind to replace Cook if she’s removed. Continue reading
Aug 26 August consumer confidence dips with jobs and tariffs driving most unease By Matt Ott, Associated Press Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. Continue reading