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BREAKING: EU accused its internal market commissioner of going rogue by sending a letter to Elon Musk threatening punishment hours before Elon interviewed US presidential candidate Donald Trump on X.
Texas judge in X's lawsuit against advertisers recuses himself after report he owned Tesla, $TSLA, stock
Apple, $AAPL, and Rivian, $RIVN, have announced that Apple Music audio streaming technology is now available to all current Rivian vehicle owners via an over-the-air update.
Bernie Sanders is calling on drugmakers to cap the costs of inhalers for children at $35.
Google, $GOOGL, unveils lineup of new Pixel smartphones, with AI integration
China’s Huawei Technologies is close to introducing a new chip for artificial intelligence use, overcoming U.S. sanctions to challenge Nvidia in the Chinese market.
Political ad spending across swing states, per Axios
"Sales are lighter, and customer orders are coming in under forecasts. It seems consumers are starting to pull back on spending," per Axios.
Just 13% of workers in the U.S. are now earning less than $15 an hour. Two years ago, that number was 31.9%, per Axios.
Natural disasters costing $1 billion or more are becoming more frequent in the US. A record 28 occurred in 2023, more than triple the long-term averag, per Bloomberg
20% of US are canceling their summer vacations due to inflation, and nearly 50% are making other budget cuts to make ends meet, per FORTUNE.
Chipotle $CMG CEO Brian Niccol announced he has accepted the role as the new CEO of Starbucks $SBUX effective at the end of this month. Starbucks is up +22% as a result, while $CMG is down 13%.
U.S. President Biden's Administration is expected to send more than $750 million worth of bombs to Saudi Arabia in coming months, after approving an arms deal, per WSJ
33% of US households are also spending less on outdoor dining and entertainment such as concerts, events, and paying for streaming services to be able afford their AC, per FORTUNE.
Consumer insolvencies hit 4-year high in Canada as interest rates weigh on households, per YF. On average, 386 Canadians filed for insolvency every day in the second quarter
For the first time since 2018, the U.S. has more companies than China on Fortune's Global 500 list.
The Treasury Department is being accused of trying to juice the economy, per Axios. "Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat."
Southern California fast food jobs hit record high despite minimum wage hike, with "limited-service" restaurant staffing up 2.2% in a year, per the Orange County Register.
Employers added 114,000 jobs in July, GDP grew at a 2.8% annual rate last quarter, and the jobless rate is still only 4.3%, lower than in any month between June 2001 and May 2017, per Axios.
Patients on Medicare and Medicaid appear less likely to be able to access drugs like Ozempic and Wegovy than those with private coverage, per Axios.