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The silhouette of a pedestrian is seen walking past the Marriner S. Eccles Federal Reserve building in Washington, D.CAndrew Harrer | Bloomberg | Getty ImagesIf leading the Federal Reserve isn’t challenging enough, the next central bank chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy.Whoever the successful candidate is could carry the specter of being there simply to do Trump’s bidding on interest rates, violating the Fed’s traditionally apolitical veneer.To exert more influence in the near term, Trump reportedly is considering naming a “shadow chair”…

When I was only 23, I made a decision that changed my entire life: I bought my first home for $196,000. I closed on a three-bedroom, two-and-a-half bathroom ranch on Atlanta’s south side in October 2019. At the time, I was working in management consulting at a global firm, to the best of my memory earning just under $100,000 a year — enough to help me qualify for a mortgage and get pre-approved with minimal friction.Five years later, that single property has become so much more than a place to live. It has shaped my finances, boosted my confidence, supported my…

New York CNN  —  Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk’s social media company. Yaccarino’s departure comes one day after the company’s Grok chatbot began pushing antisemitic tropes in responses to users. It’s not clear that the events were connected. Her exit also comes months after Musk sold X, his social media company, to xAI, his artificial intelligence company. The move formally combined the two entities that were already closely intertwined, but raised questions about Yaccarino’s role in the new company going forward. Yaccarino announced her exit in a post on the…

Rangers have signed defender Nasser Djiga on a season-long loan from Wolverhampton Wanderers. The 22-year-old is head coach Russell Martin’s sixth summer signing as he looks to strengthen the side ahead of this month’s Champions League qualifier against Panathinaikos. The Burkina Faso international, who joined Wolves from Red Star Belgrade on a five-year deal in February, has also had spells at Basel and Nimes. Please use Chrome browser for a more accessible video player New Rangers head coach Russell Martin was “pleased” with their first friendly performance but is expecting more signings ahead of their Champions League qualifier against Panathinaikos.…

Hims & Hers Health announced Wednesday it will offer generic semaglutide in Canada as Novo Nordisk’s patent on its branded drugs Ozempic and Wegovy is set to expire in January.”Canada is a major opportunity to show what affordable, high-quality weight loss care can look like,” said Andrew Dudum, co-founder and CEO of Hims & Hers, in a press release. “As generic semaglutide becomes available for the first time globally, we’re focused on making it truly accessible, by combining affordability with trusted, personalized care at scale.” Hims, a telehealth platform, joins a growing list of drugmakers that are looking to cash in…

My top 10 things to watch Wednesday, July 9 1. Wall Street was headed for a higher open today after the S & P 500 incurred back-to-back losses and moved nearly 1% off last week’s record highs. The minutes of the Fed’s June meeting are out this afternoon. 2. The market was still digesting yesterday’s tariff headlines, which included President Donald Trump saying he will double to 50% levies on imported copper and announce “very soon” big pharmaceutical tariffs. 3. Merck has agreed to buy London-based Verona Pharma for $10 billion or $107 per share, a 23% premium to yesterday’s…

Close up of electrical engineer inspecting copper windings in an electrical engineering factory.Monty Rakusen | Digitalvision | Getty ImagesThe cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal.It means that already elevated prices are now even higher in the U.S. than elsewhere — and analysts warned of a hit to businesses and the wider U.S. economy as a result. The U.S. imports just under half of its copper, which is used in products ranging from machinery, electronics and household goods to housing and infrastructure projects. Trump’s stated…

The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached.The goal had been to agree on a framework by July 9, when a temporary reprieve from U.S. President Donald Trump’s “reciprocal” tariffs was initially meant to expire. The EU was seemingly still working to this timeline earlier in the week.But that deadline has now passed — without the trading partners coming to an agreement.A framework may however still be established as soon as this week, Trump himself suggested Tuesday.”We’re probably two days off from sending them a letter.…

Cabin with people inside swept away by floodwaters in Texas Cabin with people inside swept away by floodwaters in Texas 00:35 A cabin at Camp La Junta was captured on video floating along the Guadalupe River on Friday during the catastrophic flooding event with camp staff inside. Seth Stover told CNN his son was among those in the cabin at the time. “They were woken up around 4am to the sound of the breakers flipping,” Stover said. “They didn’t know they were floating at first.” Stover, who was a camper at Camp La Junta in the 80s, says the cabin…

Check out the companies making headlines before the opening bell: Starbucks — Shares of the coffee chain jumped almost 2% after CNBC reported that Starbucks China has drawn bids for a potential stake sale that value the subsidiary at up to $10 billion. While shortlisting could be done in two months, the deal itself likely won’t be completed by the end of this year. AES — The stock jumped nearly 14% following a Bloomberg report that the energy company was exploring a potential sale amid interest from infrastructure investors. Verona Pharma — Shares surged 20% after Merck bought U.K.-based Verona…