Next Fed Chair in ‘No-Win Scenario’ as Selection Process Draws to a Close
The person picked to replace Jerome H. Powell will be thrust into a credibility problem that will be difficult to escape. Source link
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Heating Costs Expected to Rise 9.2% This Winter
Colder weather and rising electricity and fuel costs will lead to a big jump in costs for individuals, according to estimates from a group representing state energy officials. Source link
On British Roads, Chinese Cars Are Racing Ahead
BYD, Chery and other Chinese automakers are winning over drivers in Britain, where tariffs are low and buyers are open to new brands. Source link
Does China Have a Robot Bubble?
The Chinese government is betting that robots will drive economic growth. But the bots can’t really do much yet. Source link
Jared Kushner’s Affinity Partners Pulls Out of Bid for Warner Bros. Discovery
Affinity Partners, Mr. Kushner’s private equity firm, played a small financial role in Paramount’s $108 billion offer, but it had attracted political attention to the deal. Source link
White House Dismisses Rise in Unemployment
The Trump administration looked to recast elements of a dour jobs report Tuesday as a sign of strength. Source link
Europe May Roll Back Combustion Engine Ban
A proposal to revise an E.U. law requiring carmakers to stop producing combustion engines by 2035 would offer some relief to automakers, but it sets back the region’s climate goals. Source link
U.S. Threatens Penalties Against European Tech Firms Amid Regulatory Fight
The Trump administration singled out European tech firms by name and promised economic consequences Tuesday unless the E.U. rolls back tech regulation and lawsuits. Source link
New York Accuses UPS of Seasonal Worker Wage Theft
In a lawsuit, the state’s attorney general, Letitia James, said UPS had “repeatedly and persistently” failed to pay seasonal workers for all of the time they spent on the job. Source link