Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
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MarketWatch - Business
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame. -
The Wall Street Journal - World
CFPB Orders Fifth Third Fined for Illegal Auto Insurance, Sales Practices
Fifth Third Bank was ordered to pay $20 million in fines by the Consumer Financial Protection Bureau for forcing auto insurance onto customers who were already covered and opening fake accounts in customers’ names. -
ABC News - Tech
Chinese auto exports surge, partly offsetting a sales slump at home
China has reported its auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home -
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The Wall Street Journal - World
Central Banks' Data Dependence Valid For Now But Risks Bond-Market Volatility
Central bank’s heightened data dependence is a valid short-term strategy to manage uncertainties surrounding the inflation outlook but it’s not an optimal long-term strategy, Oxford Economics said, and it creates undesirable volatility in bond ... -
MarketWatch - Business
This country has seen its wealth growth explode since 2008. It’s not the U.S.
UBS’s 2024 Global Wealth Report, released on Wednesday, shows that globally, people have been getting progressively wealthier, with dramatic rises in some places. -
CBS News - Top stories
What to look for in the U.S. government's June jobs report
Forecasters expect job numbers on Friday to show slower hiring in June, clearing the way for the Fed to cut interest rates later this year. -
MarketWatch - Business
Biden slams Trump for proposing ‘national sales tax’ as he fights for political future
Biden labeled Trump’s plan to institute a universal 10% tariff on imported goods to the U.S. a “national sales tax,” that would cost Americans $2,500 per year.Joe Biden -
CNBC - Business
U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
Nonfarm payrolls were expected to increase by 200,000 in June, according to economists surveyed by Dow Jones. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
The Wall Street Journal - World
Indivior CEO Expects Ongoing U.S. Opioid Crisis to Drive Sales Growth
Addiction-treatment company Indivior, whose main customer is the U.S. government, is in the process of transferring its main stock listing to New York from London. -
The Wall Street Journal - Business
Indivior CEO Expects Ongoing U.S. Opioid Crisis to Drive Sales Growth
Addiction-treatment company Indivior, whose main customer is the U.S. government, is in the process of transferring its main stock listing to New York from London. -
MarketWatch - Business
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion. -
CBS News - Top stories
U.S. unemployment up to 4.1%, more jobs added than expected in June, labor report shows
The U.S. economy added 206,000 jobs in June, beating economists' expectations, according to the latest report from the Bureau of Labor Statistics. Meanwhile, the unemployment rate crept up to 4.1%, its highest point since 2021. Jeanna Smialek, ... -
The Hill - Politics
Judge starts hitting brakes in Trump's documents case
The federal judge overseeing former President Trump’s classified documents case granted his request to delay a few deadlines further so prosecutors can evaluate the Supreme Court’s immunity ruling. Trump’s lawyers on Friday asked Judge Aileen ...Donald Trump -
MarketWatch - Business
PBOC to conduct temporary repo, reverse repo operations
China’s central bank has said that it will conduct temporary open market operations in the afternoon, on top of its traditional morning operations, in a bid to improve their effectiveness. -
CBS News - Top stories
New cyberattack targeting iPhone Apple IDs
Cyber criminals are sending malicious texts to iPhone users in a phishing scam for their Apple ID information, according to officials from security software company Symantec. CBS MoneyWatch reporter Megan Cerullo has more.Apple -
The Wall Street Journal - World
Sen. Peter Welch Says Biden Should Exit Race
The Vermont lawmaker is the first Democratic senator to call for president to step aside; George Clooney also seeks new candidate.Joe Biden -
ABC News - Top stories
U.S. to expand control of land sales to foreigners near 56 additional military sites
New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227 -
The Wall Street Journal - World
Auto & Transport Roundup: Market Talk
Find insight on Harley-Davidson, Volkswagen, Porsche and more in the latest Market Talks covering the Auto & Transport sector. -
The Wall Street Journal - World
Auto & Transportation Roundup: Market Talk
Find insights on Elliott Management’s investment in Southwest Airlines, Asian shipping companies’ stock moves and more in the latest Market Talks from the auto and transport sectors. -
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CBS News - Top stories
CDK Global faces multiple lawsuits from dealerships crippled by cyberattack
A number of lawsuits claim CDK was negligent in protecting customer data from cybercriminals. -
ABC News - World
Myanmar's ethnic rebels say they captured an airport in a new setback for the military government
One of Myanmar’s most powerful ethnic minority groups battling the military government says it captured an airport serving the country’s top beach resort, marking the first time resistance forces have seized such a facility -
CBS News - Top stories
New cyberattack targets iPhone Apple IDs. Here's how to protect yourself.
Cybercriminals are using "smishing" scams to get iPhone users to reveal their Apple IDs, Symantec warns. Here's what to watch out for.Apple -
The Hill - Politics
FTC slams anonymous messaging app
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Anonymous messaging app hit with fine, teen user ban The Federal Trade Commission has banned an anonymous messaging app from hosting kids under 18 on its ... -
The Hill - Politics
The June jobs slowdown
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Job market slows down with rate cuts on horizon Softer employment numbers for June highlight recent cautionary positions from the ... -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
ESPN - Sports
Source: Dak out of walking boot for minor sprain
Dallas Cowboys quarterback Dak Prescott recently suffered a minor right foot sprain that temporarily required a walking boot, a source told ESPN's Todd Archer. -
The Wall Street Journal - World
The WSJ Dollar Index Rises 0.1% to 99.93
The WSJ Dollar Index was up 0.1% to 99.93 — snapping a four-trading-day losing streak. -
CNBC - Business
Pfizer moves forward with once-daily version of weight loss pill after setbacks
The company plans to conduct studies in the second half of the year evaluating multiple doses of the drug. -
The Wall Street Journal - World
Hurricane Beryl Shouldn't Pose Threat to Specialty Insurers' Full-Year Targets
Potential Hurricane Beryl losses shouldn’t threaten European specialty insurers’ and reinsurers’ full-year targets, though it is still too soon to tell, RBC Capital Markets said. -
Yahoo Sports - Sports
Vikings rookie Khyree Jackson, 24, killed in auto accident
Minnesota Vikings rookie cornerback Khyree Jackson was killed in an auto accident, along with former Maryland player Isaiah Hazel and ex-Penn State player A.J. Lytton.NFL -
The Wall Street Journal - World
Stocks Steady After CPI Report
U.S. stock indexes hovered around the flatline after the latest reading on inflation showed price pressures cooled more than expected last month.Stock Market -
The Hill - Politics
Biden administration giving $1.7B to auto industry to bolster US EV production
The Biden administration will dole out $1.7 billion to automotive companies to bolster their efforts to manufacture electric cars, trucks and motorcycles. The funds, which will cover 11 projects, are expected to help companies transition their ...Joe Biden -
The New York Times - Business
F.T.C. Slams Middlemen for High Drug Prices
In a report, the regulator sharply criticized pharmacy benefit managers, a turnaround from its longstanding tolerance of their practices. -
ESPN - Sports
Musetti outlasts Fritz for first Grand Slam semi
Lorenzo Musetti reached his first Grand Slam semifinal by eliminating Taylor Fritz 3-6, 7-6 (5), 6-2, 3-6, 6-1 at Wimbledon and will take on Novak Djokovic next. -
ABC News - Top stories
Inflation cooled in June, outperforming economists' expectations
Inflation has fallen significantly from its peak but remains elevated.Inflation -
Financial Times - Business
US inflation falls to 3% in June
Treasury yields drop and traders increase bets on two interest rate cuts this year after bigger-than-expected fallInflation -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days.