Business
This story about the July 2026 CPI inflation report will be updated with further details. Inflation cooled slightly in July even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month.The Bureau of Labor Statistics…
Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation and transportation projects. The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, investments, capital markets…
A federal appeals court refused to dismiss thousands of lawsuits against Meta, Google, TikTok and Snapchat, allowing complaints alleging the platforms were designed to be addictive to young users to move forward. The Ninth U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok attempting to overturn a lower court ruling requiring the firms…
Toyota issued a recall for about 655,000 of its Camry vehicles globally over a display error that may deactivate safety indicators such as turn signals and hazard lights, the automaker announced on Tuesday. The global recall involves vehicles produced between December 2023 and July 2026 across manufacturing facilities in the…
Prince Street Pizza has built a cult following that includes some of Hollywood’s biggest names, but the company says the key to taking its famous New York slices nationwide is staying true to the original. The New York City-born brand has expanded from its original SoHo shop to roughly 20…
President Donald Trump blasted New York City’s new pied-à-terre tax and said his administration is examining whether the federal government has legal authority to intervene, escalating a fight over a surcharge targeting luxury second homes. Trump argued in a Truth Social post Tuesday that the tax could ultimately cost New…
Domino’s is putting its own name on a new pizza as the restaurant chain looks to give customers a personal-size option built for individual tastes. The Michigan-based pizza giant said Tuesday that it will launch the Domino, a Detroit-style pizza made for one, at restaurants nationwide on Aug. 31.Shaped like…
If you haven’t seen it already, please go into the New York Times archives — that’s right, I’m recommending the Times — for an article by Thomas Edsall entitled “A Working-Class Party Without Many Workers.” Mr. Edsall is a former Washington Post columnist. And he wrote a very important piece.…
The Federal Aviation Administration (FAA) on Tuesday announced the deployment of a new radar at Newark Liberty International Airport that’s designed to prevent incidents from occurring on busy runways. The new radar, known as the Surface Movement Radar Model 4, allows air traffic controllers to track aircraft and vehicles on…
Cleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to prevent inflation from becoming more entrenched across the economy. Hammack made the comments in an interview with Yahoo Finance that followed her dissent from the…
