Investors expect a quarter-point precautionary cut, a turning point that underlines that this might be as good as the economy will get. Source: NYT > Business – Jeanna Smialek
The Week in Business: A Suddenly Vulnerable Netflix
Plus, the fight for a $15 minimum wage and a Russian viral app that may be dangerous. (It’s not. It just makes you look older.) Source: NYT > Business – Graham Starr
Fact-Checking Trump’s Tweet About Too-High Interest Rates
The Federal Reserve raised rates specifically because the United States economy was stronger than its global counterparts. Source: NYT > Business – Jeanna Smialek
Big Banks Are Earning Billions of Dollars. Trump’s Tax Cuts Are a Big Reason.
The five largest United States banks reported tax rates of 22 percent or less for the second quarter this year. Lower taxes helped smooth over earnings rough spots. Source: NYT > Business – Emily Flitter
Trump’s Policies, Not His Heckling, May Force Fed to Cut Rates
The central bank is independent, but as the president keeps global risks alive with his trade wars, interest rate cuts become all the more likely. Source: NYT > Business – Jeanna Smialek
Senators Grill Facebook Executive on Company’s Cryptocurrency Plans
Members of the Senate Banking Committee on Tuesday raised broad concerns about its Libra effort, which the company introduced last month. Source: NYT > Business – Mike Isaac and Nathaniel Popper