Trump administration explores firing Fed Chair Powell over renovation costs. Allegations of extravagance & calls for "regimen change" fuel debate on presidential authority and Fed's independence. Cost overruns at the Fed headquarters are questioned.
Skydance CEO David Ellison considers acquiring The Free Press amid media bias debates. Deal talks involve Bari Weiss, potential CBS News role, and investment from Allen & Co. Focus on wokeism, antisemitism, and transgender issues.
NBC Nightly News saw gains in key demographics since Llamas took over. The revamped CBS Night News struggles despite changes. NBC's strategy targets younger, diverse viewers.
FCC scrutinizes the Paramount-Skydance deal & CBS over alleged political bias. Trump seeks concessions. Carr eyes CBS's news content, potentially impacting deal approval and media landscape.
Jamie Dimon criticizes Zohran Mamdani as 'more Marxist than socialist,' blasts Democrats' DEI focus, and faults Biden's economic expertise. A group is forming to counter Mamdani's mayoral bid.
Goldman Sachs is implementing a new policy requiring junior bankers to periodically recommit to the firm, aiming to reduce defections to private equity. Concerns are raised about early career decisions and potential conflicts.
A study shows tariffs are changing US consumer behavior. Many are cutting spending, compromising on groceries, and value brand transparency regarding price increases due to tariffs. Openness is key.
US & China trade face tensions over tariffs. China warns against reigniting trade war and threatens retaliation. Dialogue and collaboration are crucial. Averages are US 51.1% and China 32.6%.
The end of US EV tax credits ($7500 new, $4000 used) on Sept 30 is expected to boost sales short-term, followed by a drop. Automakers gain from relaxed fuel economy fines. China may benefit. Impacts EV penetration.
Trump's administration to impose tariffs as high as 70% on trading partners. EU seeks to avoid toll hikes. US-China trade truce fragile. US house passed financial bills on border security and military operations.
Treasury Secretary Bessent addresses leading both Treasury & Fed, tariff impacts, and a replacement for Fed Chairman Powell. Tariffs may cause a one-time cost bump but shouldn't increase inflation long-term.
Meta's aggressive talent acquisition from OpenAI sparks concerns about cultural impact and fair compensation. OpenAI responds by rectifying compensation and exploring creative methods to retain top talent amidst lucrative Meta offers.
