Trump Says He Intends To Meet With North Korean Leader Kim This Year

Porsche Plans 20% Price Hike On Top-End 911s In Profit Push During Capital Markets Day in Weissach, new Porsche CEO Michael Leiters offered Wall Street desks a bleak outlook, warning that the turnaround will take time and that operating conditions are unlikely to improve significantly over the next few years. Leiters signaled to investors a shift toward value over volume. He said the focus is now on prioritizing higher revenue per vehicle and reducing dependence on China. One such strategy, as Bloomberg reports, is for Porsche to raise average prices for...

Three Reasons Gas Prices Are Likely To Remain Elevated The US national average for regular 87-octane gasoline remained uncomfortably above the politically sensitive $4-per-gallon threshold for roughly two and a half months. That stretch pressured lower-income consumers, forcing many to trade down or cut discretionary spending while weighing on broader consumer sentiment. The key question now is whether pump prices have further room to fall or whether current levels will become the new normal this summer. Answering that question is Goldman's leading commodity expert Daan Struyven, who penned a note...

DOJ Sues States Over Alleged Failure To Turn Over Food Stamp Data Authored by Zachary Stieber via The Epoch Times, The Trump administration has sued four states, accusing them of withholding crucial data on food stamp applicants. Kentucky, Michigan, Minnesota, and Pennsylvania refused to turn over information to the U.S. Department of Agriculture (USDA) that would let federal officials identify fraud, Trump administration lawyers said in lawsuits filed on June 26 against the states. Officials are asking judges to enter injunctions that would force state authorities to hand over the last five years...