BUSINESS NEWS
- The housing market is no longer a wealth-building engine as home prices continue to slump
by Jason Ma on August 30, 2025 at 11:21 pm"Now, American housing wealth has actually declined in inflation-adjusted terms over the past year—a notable erosion that reflects the market's new equilibrium."
- Rural America is suffering an economic crisis as crop prices plunge — ‘U.S. soybean farmers cannot survive a prolonged trade dispute’
by Jason Ma on August 30, 2025 at 9:20 pm"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."
- What would the Fed do in a tie vote? It’s not clear, and the Bank of England had to break a deadlock this month
by Jason Ma on August 30, 2025 at 6:18 pmThere have been three occasions when a vote on the FOMC passed by a one-vote majority, though the last time it occurred was in 1973.
- Tesla lawyers ask judge to throw out $243 million verdict, saying mention of Elon Musk misled the jury
by Bernard Condon, The Associated Press on August 30, 2025 at 4:09 pmMusk had taken a big chance by allowing the case to go to trial at a pivotal moment for his electric car company.
- Buford Pusser, famous Tennessee sheriff who inspired Hollywood in the 1970s, may have killed his wife in 1967, authorities say
by Audrey McAvoy, The Associated Press on August 30, 2025 at 4:00 pmThere is enough evidence that if Pusser were alive today, prosecutors would present an indictment to a grand jury, said a Tennessee DA.
- California crowed that it ‘finally beat big oil’ 2 years ago. Regulators just halted the landmark penalty payments
by Sophie Austin, The Associated Press on August 30, 2025 at 3:57 pmEnergy regulators put the brakes on plans requiring oil firms to pay if their profits climb too high after two refineries announced plans to close.
- ‘It’s so dystopian. It’s sad’: The Rio Grande River is so dry that Texas, Colorado and New Mexico are squabbling over groundwater
by Susan Montoya Bryan, Morgan Lee, The Associated Press on August 30, 2025 at 3:48 pmThe Supreme Court has sent the states back to settlement talks, as Texas tried to rein in farmers in southern New Mexico going underground.
- Trump suddenly at risk of losing a ‘pillar’ of his trade strategy and having to refund a big chunk of $159 billion from tariff revenues
by Paul Wiseman, Lindsay Whitehurst, The Associated Press on August 30, 2025 at 3:34 pmTrump's tariffs remain in place despite a 7-4 appeals court decision that they're illegal, as his administration has vowed to appeal to the Supreme Court.
- Gavin Newsom reaches deal with Uber and Lyft that’s called the ‘largest expansion of private sector collective bargaining in California history’
by Jaimie Ding, Trân Nguyễn, The Associated Press on August 30, 2025 at 3:32 pmThe collective bargaining bill would allow the more than 800,000 rideshare workers in California to join a union while still being classified as independent contractors.
- Fecal matter could spoil your last summer beach escape
by Patrick Whittle, Mingson Lau, The Associated Press on August 30, 2025 at 3:09 pmBeaches from Crystal River, Florida, to Ogunquit, Maine, have been under advisories warning about water quality this week because of elevated levels of bacteria associated with fecal waste.
