Yahoo Finance
Bloomberg Markets
TrueCar Inc. Chief Executive Officer Scott Painter warned that US-Canada trade uncertainty poses a greater threat to the auto industry than tariffs themselves because it upends manufacturers’ decision-making ability.
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Daniel Fried, former US ambassador to Poland, said 'Iranians have little incentive in the near term' to allow the Strait of Hormuz to open and that a solution to the conflict will require patience. Fried, who also served as the assistant Secretary of State for Europe, also said that when it comes to assisting Ukraine in war against Russia, the US is leaving 'perfectly good leverage on the table' because Ukrainian success also means success for the US.
(Source: Bloomberg)
NY Times Business
Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.