The Federal Reserve’s Michael Barr seeks higher bank capital requirements, Twitter traffic drops amid Threads competition, and other news to start your day.
Strong quarterly U.S. new-car sales surprised Wall Street this week, showing investors that rising interest rates, concerns about the health of the economy.
Auto sales rose a healthy 16.8% from April through June to just over 4.1 million, fueled by pent-up demand from nearly two years of short supplies due to.
Heading to the Texas governor’s desk is House Bill 3297, a bill that would eliminate the annual mandatory vehicle inspections but only for non-commercial vehicles.