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The Wall Street Journal, July 25: A Deep Dive into the Political Maneuvering Behind the Fed's Crisis Overhaul
Fed HQ renovation costs soared from $1.9B to $2.5B, Trump pressures rate cuts. Intel cuts 15% workforce pivoting to AI chips, Tesla profits drop 16% betting on autonomy. US collected $55B tariffs mainly absorbed by companies, GM reports billions in losses. July PMI rose to 54.6 showing resilience, but manufacturing contracted first time, real estate weakened. LVMH profits fell 22% lobbying trade deals.
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By Wall Street PodcastFed HQ renovation costs soared from $1.9B to $2.5B, Trump pressures rate cuts. Intel cuts 15% workforce pivoting to AI chips, Tesla profits drop 16% betting on autonomy. US collected $55B tariffs mainly absorbed by companies, GM reports billions in losses. July PMI rose to 54.6 showing resilience, but manufacturing contracted first time, real estate weakened. LVMH profits fell 22% lobbying trade deals.