Business Update

Trump administration officials have accused the Federal Reserve governor of mortgage fraud and called for her to resign. Source link

Tiny stuffed animals that use magnets to stay perched on your shoulder have become a must-have accessory for some theme park superfans. Source link

The Supreme Court has indicated that there are distinctive reasons to shield the Federal Reserve from political interference. Source link

President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited. Source link

Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September. Source link

The multiplex is awash in titles that are 15, 20, even 60 years old. Nostalgia is a factor but economics play a big part, too. Source link

The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence? Source link

The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says. Source link

Jensen Huang said he was “surprised” by questions about his company’s chips, given China’s eagerness to acquire them for advanced A.I systems. Source link

The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn. Source link