Talks continue on a debt ceiling deal. Big Tech faces antitrust questions on Capitol Hill. And Mexican drug lord Joaquín “El Chapo” Guzmán awaits sentencing, as U.S. puts a price tag on years of violent crime.
Germany’s defense minister fights for the EU’s top job. Is the end of the printed textbook in sight? A new study lifts the lid on China’s “hidden debt”.
The FTC is set to issue a $5-billion fine against Facebook over data breaches. The Big Three will negotiate a new contract with its auto unions. Why U.S. banks should be thankful for regulation.
Why are bond interest rates going up as we await greater cuts? The Fed chair is skeptical about Facebook’s cryptocurrency going to market so soon. Shorter global supply chains are giving way to “slowbalisation.”
The U.S. balks at France’s new tax on tech companies. There’s a small but fast uptick in inflation. “Extreme vetting” for visas is keeping some foreign musical acts out of the country.
Fed Chair Jerome Powell says the “hot” job market is showing little heat. A defense contractor cancels plans to shut down a plant at Trump’s urging. A soon-to-be college graduate who is undocumented faces uncertain job prospects.
