JUST IN: Trump administration pauses student laon forgiveness, per WaPo.
The Education Department suspended an income-driven program that allows borrowers to get their balance erased after 20 to 25 years of payments.
Elon Musk's SpaceX has moved over $152 million worth of Bitcoin after more than three years of dormancy, per Arkham Intelligence
Jerome Powell should resign, top economist Mohamed El-Erian has said.
JUST IN: There is a fake letter that Powell has resigned circulating on social media.
There is no confirmation that he has at all.
Coca-Cola, $KO, CFO says the company will launch Trump-backed cane sugar soda
Kohls, $KSS, is up 30% after being up 90% in morning.
It is up nearly 70% in last month.
Trump has cut tariff on Philippine goods to 19% from 20%.
xAI has deployed Nvidia, $NVDA, 230,000 GPUs train Grok on a single mega rig called “Colossus 1," per Elon Musk
BREAKING: Trump says: Considering no tax on capital gains on homes
BREAKING: Trump says: Considering no tax on capital gains
BREAKING: Mike Johnson shuts US House early to avoid Epstein vote, per FT
BREAKING: House GOP will subpoena Ghislaine Maxwell to testify before Congress
"Customers are tipping less," per MW
"You may pay 10% more for Coca-Cola, as a result of a switch to cane sugar," per MW
"Americans are less anxious about trade wars and inflation. Yet they don’t have much confidence in the economy," per MW
"Netflix, $NFLX, admits it used generative AI in a big sci-fi hit to cut costs," per the Verge.
"More Canadians are buying their first homes in their 40s and beyond – and they’re okay with that," per the GM.
Netflix, $NFLX, says weak dollar and strong subscriber growth will boost revenue, per FT
"Tariff revenues have totaled more than $113 billion since Trump entered office, helping to lead a budget surplus in June for the first time in nearly a decade. We are truly entering a Golden Age as a result of these pro-growth and America First trade policies," per the WH.
Bessent says Aug. 12 China tariff deadline likely to be extended, talks planned in Stockholm