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Your next oil change is becoming a bigger part of car dealers’ business as profits cool and service departments make up the difference
Finance

Your next oil change is becoming a bigger part of car dealers’ business as profits cool and service departments make up the difference

Dealers are chasing service revenue as pandemic-era profits from selling cars fall back to Earth.

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Fed Policy Is in a Good Place, Daly Says
Finance

Fed Policy Is in a Good Place, Daly Says

San Francisco Fed President Mary Daly reacts to the recent selloff in bonds and suggests the US Treasury…

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US Weekly Jobless Claims Edge Lower to 206,000
Finance

US Weekly Jobless Claims Edge Lower to 206,000

Applications for US unemployment benefits decreased by 6,000 to 206,000 in the week ended Aug. 15, according to…

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‘Game-changer’ GLP-1s could fix America’s obesity crisis—but 2 inequalities stand in the way
Finance

‘Game-changer’ GLP-1s could fix America’s obesity crisis—but 2 inequalities stand in the way

Wells Fargo Industry Insights' Robin Wenzel says the drugs are rewriting healthcare economics, but the math doesn't "pencil…

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Governor races present ‘unique moment’ as historic number of Black candidates climbs to 8
Finance

Governor races present ‘unique moment’ as historic number of Black candidates climbs to 8

Only three elected governors out of thousands have been Black in 250 years of American history

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Investors cut bets on US and UK rate rises
Finance

Investors cut bets on US and UK rate rises

Weaker economic data has changed expectations despite a rally in oil prices

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US long-term bonds slide as Bessent intervention fails to soothe investors
Finance

US long-term bonds slide as Bessent intervention fails to soothe investors

Yield on 30-year Treasuries rises despite move to ‘at least double’ purchases of securities

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Crypto Will Get Rules One Way or Another, CFTC Head Says
Finance

Crypto Will Get Rules One Way or Another, CFTC Head Says

The crypto industry will get market structure rules even if Congress fails to pass landmark legislation, the head…

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Trump calls his new FDA pick ‘Dr. Heidi.’ Patty Murray calls her a ‘far-right, anti-abortion extremist’
Finance

Trump calls his new FDA pick ‘Dr. Heidi.’ Patty Murray calls her a ‘far-right, anti-abortion extremist’

Heidi Overton has been critical of abortion pills and, if confirmed, would be positioned to roll back FDA rules that…

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Instagram took ‘don’t ask, don’t tell’ approach to kids, former engineer testifies — and pay was tied to keeping them online
Finance

Instagram took ‘don’t ask, don’t tell’ approach to kids, former engineer testifies — and pay was tied to keeping them online

“If you step away from the product, they are not going to make any money,” Arturo Béjar testified.…

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