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Tasmanian Government Considers Buying 145-Year-Old Brewery Facing Closure
Tasmanian Premier Jeremy Rockliff has met with the parent company of James Boag’s Brewery to explore the possibility of purchasing the site.
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DOJ Trade Fraud Task Force Tops $1 Billion in Recoveries, Forfeitures
Trade Fraud Task Force has recovered or charged more than $1 billion in civil and criminal recoveries, penalties, forfeitures in under a year.
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70 Percent of Major US Metros Are Buyer’s Markets in June: Redfin
Sellers outnumbered buyers nearly two to one in Miami, Nashville, and large portions of Texas.
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From Bailouts to Balance Sheets: Key Takeaways From Warsh’s 1st Congressional Hearing
‘We need a regime change in policy,’ Federal Reserve Chair Kevin Warsh tells House officials.
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BMW Recalls Nearly 30,000 Vehicles for Fire Risk, Issues ‘Park Outside’ Alert
The issue is caused by a potentially faulty engine starter relay that could corrode, overheat, and short-circuit, a report shows.
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China’s Banking Crisis Is Drawing Closer: Hidden Risks, Hidden Losses
Part 2: Hidden bad debts, eroding investor confidence, and mounting risks are part of China’s banking challenges.
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Global Smartphone Shipments Hit 13-Year Low in 2nd Quarter Amid Memory Chip Shortage
Samsung nabbed the top spot in shipments, while Apple’s share of global smartphone shipments reached 20 percent for the first time, a Counterpoint report shows.
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IBM Shares Plunge After Warning of Worse-Than-Expected Earnings
The company attributed the weak quarterly results to disappointing performance of its flagship z17 artificial intelligence mainframe program.
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Increasing Number of US Families Took on Debt, Tapped Savings to Meet Food Needs: Report
Over the past five years, food costs have risen by roughly 32 percent.
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Fed’s Warsh Tells Congress Inflation Will Be ‘Thing of the Past’
The new Federal Reserve chairman also touted the artificial intelligence boom in the U.S. economy.
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How to Support an Adult Child at Home Without Derailing Your Retirement
What is the sandwich generation’s tax burden when a grown child moves back home?
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What Triggers a Tax Audit?
Fewer IRS audits don’t mean taxpayers can afford to let their guard down.
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Oil Prices Jump to 4-Week High as US-Iran Hostilities Intensify
Tensions have ratcheted up after Iran attacked ships in the Strait of Hormuz and U.S. forces hit Iranian targets that threatened freedom of navigation.
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Inflation Eases to 3.5 Percent on Softer Energy Costs
A sharp drop in energy prices helped cool recent inflationary pressures.
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German Automakers Saw Sharp China Sales Drop in 2nd Quarter
Analysts said the double-digit decline is a result of consumption downgrading, market shift, and Beijing’s industrial policies and subsidies.
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Lifetime Cost of New US Gas-Fired Power Hits 15-Year High, Solar Costs Jump 18 Percent: Lazard
Tariffs, elevated borrowing costs, and supply chain pressures are raising construction costs across the U.S. power sector, Lazard said.
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Meta Expands Louisiana Data Center Investment to $50 Billion
The social media giant is continuing America’s artificial intelligence-fueled capex boom.
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Trump Gives Some Chemical Makers a 2-Year Break From Biden-Era Emissions Limits
The president said the 2024 EPA rules placed ‘substantial burdens’ on chemical manufacturers whose products are vital to national security.
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