• Report: Trump Files Libel Suit Against WSJ, Murdoch Over Alleged 2003 Letter to Epstein
  
  President Donald Trump has followed through on a threat to sue The Wall Street Journal and owner Rupert Murdoch over a story the paper published Thursday about an off-color letter he allegedly wrote to Jeffrey Epstein.According to CNBC reports posted on Friday afternoon,...
• F&G Annuities & Life Poll: 23 Percent 'Pushing Back' Retirement
  
  Twenty-three percent of Americans are "definitely pushing back" their retirement over economic concerns, according to a poll released earlier this week by F&G Annuities & Life.
• Roger Marshall to Newsmax: 'Next to Impossible' to Reduce Budget
  
  Sen. Roger Marshall, R-Kan., told Newsmax on Friday that "it's going to be next to impossible" for legislators to make substantial cuts to the federal budget because few "are absolutely dedicated to the process."
• Sen. Cornyn: Clash Between Trump, Fed 'a Familiar Debate'
  
  Sen. John Cornyn said Friday that the clash between President Donald Trump and the Federal Reserve is "a familiar debate," due to the administration's desire to see lower interest rates and the central bank's need to keep inflation low.
• Report: Trump Pushing for 15-20 Percent Tariff on EU
  
  President Donald Trump is pushing for a minimum tariff of 15%-20% in any deal with the European Union, the Financial Times reported Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
• Weaker Dollar Causes Netflix Shares to Drop More Than 4 Percent
  
  Netflix shares declined more than 4% on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer's content.
• American Express Surpasses Profit Expectations on Robust Spending
  
  American Express exceeded estimates for second-quarter profit on Friday, fueled by resilient spending by its affluent cardholders. The beat underscores how the credit card giant's focus on wealthy customers has helped...
• AP-NORC Poll: Most Americans Say New Tax Law Favors Wealthy
  
  Republican elected officials are promoting their recently passed tax and spending bill as a win for working Americans, but a new survey shows that Americans broadly see it as a win for the wealthy.
• Moderna Cancels Plans to Build Japan Plant on Poor Business Environment
  
  Moderna said on Friday it will not proceed with plans to build a messenger RNA manufacturing plant in Japan due to "changes in the business environment" around the world and in Japan. The company has been battered by declining revenue from its COVID-19 shots and...
• Institutional Investors Warm to Crypto but Demand Still Nascent
  
  Bitcoin's surge to a record this week has reignited questions about the role institutional investors are playing in pushing it higher, with analysts suggesting their role is still in its infancy.
• Fed's Rate-Cut Delay Intact as Inflation Fears Override Trump Pressure
  
  The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs.
• Sen. Cotton Presses DoD on China Ties at Microsoft
  
  A U.S. senator is asking the Pentagon for more information on Microsoft's reported use of Chinese engineers in maintaining military cloud computing systems, according to a copy of the letter seen by Reuters. Senator Tom Cotton, an Arkansas Republican who chairs the chamber's...
• House Approves Trump's $9 Billion Cut to Public Broadcasting and Foreign Aid
  
  The House gave final approval to President Donald Trump's request to claw back about $9 billion in funding for public broadcasting and foreign aid early Friday. The vote marked the first time in decades that a president has successfully submitted such a rescissions request...
• House Poised to OK Trump's $9B Cut to Public Broadcasting, Foreign Aid
  
  The House was expected late Thursday to approve President Donald Trump's request to claw back about $9 billion for public broadcasting and foreign aid as Republicans target institutions and programs they view as bloated or out of step with their agenda.The White House had...
• Trump Nominates 2 Lawyers to Seal GOP Control of Labor Board
  
  President Donald Trump has moved to install a Republican majority at the federal board that hears private-sector labor disputes and oversees union elections, which has been paralyzed by his unprecedented firing of a Democrat member. The White House sent the nominations of...
• What's in GOP Bill Cutting $9B From Public Broadcasting, Foreign Aid
  
  The Republican-led Congress is testing the popularity of Department of Government Efficiency spending cuts this week by aiming to pass President Donald Trump's request to claw back about $9 billion in public broadcasting and foreign-aid spending.
• Order: Interior Sec. Burgum Must Personally Approve Wind, Solar Projects
  
  All solar and wind energy projects on federal lands and waters must be personally approved by Interior Secretary Doug Burgum under a new order that authorizes him to conduct "elevated review" of activities ranging from leases to rights of way, operational plans, grants and biological opinions.
• Bill Regulating Stablecoins Sent to Trump
  
  The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U.S. the "crypto capital of the world."
• Former Fed Board Member Warsh Calls for Regime Change
  
  Kevin Warsh, a former member of the Federal Reserve board of governors, on Thursday called for a regime change at the central bank.
• Sen. Warren: Dumping Powell Would 'Bring Down' Markets
  
  Sen. Elizabeth Warren, D-Mass., claimed that if President Donald Trump finds a way to fire Fed Chair Jerome Powell, "He will bring down the U.S. financial markets."
• JP Morgan's Benhamou: Market Focus Shifting to Next Fed Chair
  
  JPMorgan Chase & Co.'s Ilan Benhamou says it's unlikely that Fed Chair Jerome Powell will be fired and that the stock market will start trading on expectations of the next chair anyway. "I don't think Powell will actually be fired...
• Report: FDA Lets Juul Keep E-Cigarettes on Market
  
  The U.S. Food and Drug Administration has approved Juul's original vaporizer and refill cartridges in tobacco and menthol flavors, a source familiar with the matter told Reuters on Thursday. The FDA in 2022 had banned Juul's four varieties...
• Trump Hails 'Great Numbers': 'Too Late,' Lower Rates
  
  Amid strong economic data released Thursday that pointed to robust consumer spending, President Donald Trump continues to take a bow on being right in the face of economic skeptics and Federal Reserve Chair Jerome Powell's refusal to lower interest rates."'Too Late:' Great...
• Meta Investors, Zuckerberg Settle $8B Facebook Privacy Case
  
  Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users' privacy, a lawyer for the shareholders...
• US Retail Sales Beat Expectations in June
  
  U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs. Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau said on...

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