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Plus: Top Jeep and Ram dealers slam CEO Carlos Tavares for his “disastrous choices” as car sales sag. And, Norfolk Southern ousts CEO Alan Shaw, citing a consensual relationship with the company’s chief legal officer. Luke Vargas hosts.
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Plus: Humana, UnitedHealth Group among big insurers whose shares fall as a result of Democratic presidential nominee Kamala Harris’s strong debate performance. Dave & Buster’s shares rise after earnings beat expectations. J.R. Whalen reports.
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Plus: Donald Trump said he is “less inclined” to debate Kamala Harris again. Fewer students who identified as Black enrolled in Harvard University’s Class of 2028, following the Supreme Court’s ruling on considering race in the admission process. J.R. Whalen reports.
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Plus: Canada considers slapping more tariffs on Chinese goods. And, U.K. property-listings company Rightmove rejects a $7.3 billion takeover offer from NewsCorp’s REA. Luke Vargas hosts.
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Plus: Starbucks shares rise after new CEO Brian Niccol outlines priorities to employees. U.S. crude future prices fall to their lowest level since December 2021. J.R. Whalen reports.
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Plus: The Federal Reserve dials back the required amount of capital big banks need to have in reserve. Southwest Airlines CEO Gary Kelly plans to step down next year as part of a broader board shake-up. J.R. Whalen reports.
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Plus: The EU’s top court also upholds a nearly $2.7 billion fine imposed on Google over allegations it abused its dominance as a search engine. And, the House passes the Biosecure Act aimed at barring federal contracts with some Chinese biotech companies. Luke Vargas hosts.
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Plus: Apple unveils new iPhone with AI tools. After hours, Oracle reports earnings and sales that exceed expectations. J.R. Whalen reports.
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Plus: Squarespace and Permira say they have reached an agreement to take the website-development company private. Swedish battery company Northvolt plans to cut jobs as the EV market cools. J.R. Whalen reports.
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Plus: Elon Musk’s xAI startup has discussed a deal to license some of its technology to Tesla in return for a share of its revenue. And, Apple is set to unveil its iPhone 16 lineup, which will include new AI features. Luke Vargas hosts.
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