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Welcome to The Hill’s Business & Economics Newsletter
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Business and Economics
Business and Economics
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Ford recalls SUVs over engine fire concerns
Ford will recall about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns about the risk of engine fires, the National Highway Traffic Safety Administration (NHTSA) said Friday.
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Homes over $1 million hit record high at 8.5%: analysis
A new report from the National Bureau of Housing Statistics reveals that 8.5 percent of homes in the United States are worth more than $1 million. Genuine Real estate company Redfin.
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Ticker
Upcoming news topics and events to watch:
The central bank July Meeting Minutes The Federal Open Market Committee will announce it next Wednesday at 2:00 pm ET.
In other news
Here’s a more detailed account of what happened that day:
San Francisco busts website using AI to create deepfakes of nude women and girls
It’s been nearly a year since AI-generated nude images of schoolgirls caused mayhem in Southern communities…
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Good to know
Business and economic news from other media:
The stock price rose, Market revival S&P 500 rises to best week of 2024 (CNBC)
Powell Talks with bank CEO to avoid lengthy legal battle over capital planBloomberg)
Disney is Price IssuesThere is an ambitious plan to solve this.CNN)
What others are reading
Top stories on The Hill right now:
Supreme Court rejects Justice Department request to partially reinstate new Title IX rules
In a 5-4 decision, the Supreme Court denied the Biden administration’s emergency request to partially reinstate new Title IX rules. read more
10 ways Trump is ruining the election
Given the climate and the national mood, Donald Trump should be the favorite to retake the White House in November. Yet Trump is running the most incompetent presidential campaign since George McGovern. The list of stupid actions, stupid statements, and outright stupidity is almost endless. read more