August 2026
Kennedy Center board votes to put Trump name on facade despite court order
President Donald Trump’s name was removed from the Washington, D.C., performing arts center in June as the result of a lawsuit by an Ohio congresswoman.
Monterey Car Week auctions could hit a record $500 million, with help from younger buyers
A new generation of millennials and Gen Zers is taking over the collecting market from baby boomers and bidding up modern supercars at Monterey Car Week.
Mamdani’s NYC pied-à-terre tax can continue rollout during court appeal
The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.
Wendy’s stock jumps on report of potential takeover bid from Nelson Peltz’s Trian Fund Management
Peltz’s relationship with Wendy’s dates back to an activist campaign he led more than two decades ago.
Trump says Karoline Leavitt resigning as White House press secretary
Leavitt, who is the youngest White House press secretary every, gave birth in May to a girl, her second child.
Bob Iger, Joshua Kushner buy Los Angeles Lakers at a $12.5 billion valuation, source says
Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter’s stake in Los Angeles Lakers at valuation of more than $12 billion.
Trump sued over Truth Social advance access sale
The lawsuit, filed in U.S. District Court in Manhattan, notes that Trump’s posts on his own social media site often move financial markets.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
The deal follows years of global automotive supply chain issues for GM and other companies.
Houthi attack kills six in first fatalities in Red Sea in over a year; U.S. strikes containership
A cargoship and containership have been hit in the Red Sea and Gulf of Oman as the war inflicts a toll on the world’s critical shipping lanes.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?