News from the economy, politics and the financial markets
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Latest news
Trump appeals order blocking him from firing Fed Governor Lisa Cook
The Supreme Court is expected to make the final decision on the question of whether President Trump has legal cause to remove Cook from the Federal Reserve.
U.S. appeals court reinstates Copyright Office director fired by Trump
A Washington-based federal appeals court blocked President Donald Trump from firing U.S. Copyright Office Director Shira Perlmutter.
5 takeaways from the producer price inflation report with another key reading on tap
The producer price index, a gauge of costs at the wholesale level in the U.S. economy, posted an unexpected 0.1% decline in August.
Labor Department watchdog opens probe of BLS jobs, inflation data collection
President Donald Trump recently fired BLS Commissioner Erika McEntarfer in response to a weak monthly jobs report.
Wells Fargo CEO says Trump is entitled to be vocal about the Fed
Wells Fargo CEO Charlie Scharf said he "absolutely" supports the Federal Reserve's independence, but that the president is free to discuss interest rates.
Cuba's electrical grid collapses in nationwide blackout
Communist Cuba's national power grid collapsed for the fourth time in less than a year on Wednesday morning causing a nationwide blackout, authorities said.
Brazil's Embraer lands first U.S. order for E2 jets with Avelo Airlines buying 50 planes
U.S. upstart airline Avelo said it placed a firm order for 50 Embraer E195‑E2 jets, a win for the Brazilian manufacturer.
How Casey’s became one of America’s largest pizza chains
How Casey's General Stores is building an empire through small down dominance.
Wholesale prices unexpectedly declined 0.1% in August, as Fed rate decision looms
The producer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.
IPO index hits 3-year high with Klarna latest offering set to boom. Why is market so hot and can it continue?
Klarna is just the latest IPO to hit the market.
Trump Fed nominee Stephen Miran advanced by Senate Banking committee, tees up final vote
Stephen Miran was nominated by President Donald Trump to fill the seat left open by former Fed governor Adriana Kugler's surprise resignation.
Three major investment banks crank up their stock market forecasts, citing AI trade, muted tariff impact
The firms' year-end S&P 500 outlooks now range from 6,450 to 7,000.
Poland shoots down Russian drones as Ukraine warns Putin is ‘testing the West’
The incident marks the first time the NATO member has directly engaged Russian assets in its airspace since Russia’s full-scale invasion of Ukraine.
Asia markets track Wall Street gains as Fed rate-cut hopes rise; South Korea's Kospi hits record high
China's August consumer price index fell 0.4% year over year, missing expectations of a 0.2% drop by economists polled by Reuters.
Zara owner Inditex surges 7% as investors reassured by 'meaningful acceleration' in sales
Intidex topped the pan-European Stoxx 600 index on Wednesday, as regional stocks moved broadly higher.
Trump and Modi strike conciliatory tone, voice optimism on U.S.-India trade talks
The turnaround also came as reports emerged that Trump had asked the European Union to impose 100% tariffs on India and China over their Russian oil purchases.
Wegovy-maker Novo Nordisk to cut around 9,000 jobs
Novo Nordisk, which produces Wegovy and Ozempic, said roughly 9,000 roles would be cut, with 5,000 of these reductions expected in Denmark.
Europe's hotly contested ban on new gasoline cars is back in the spotlight
Europe's ban on the sale of new diesel and gasoline cars and vans from 2035 has been a hot topic at the IAA Mobility auto show in Munich this week.
Retail investors' growing access to private markets in Europe could be a double-edged sword
Private equity and credit offer new opportunities for long-term returns, but are also risky and lack the same transparency as public markets.
China's consumer prices fall more than expected in August as deflation woes persist
China's consumer prices fell more than expected in August while deflation in factory-gate prices persisted, as calls mounted for Beijing to ramp up stimulus measures.
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