Business

Top Selling Electric Vehicles in the World – June 2026

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In June, the number of plug-in hybrid vehicles registered was up by 8% over last year. The month ended with around 2,000,000 units. Again, the BEVs (+21% YOY) and PHEVs are experiencing opposite dynamics. Pure electrics continue to grow in double digits, while plug-in hybrids remain in deep red.
The 21% increase in BEVs since September is a positive sign as we enter the second half.
The PHEV Blues are the sole reason for the low growth of the plugin YTD (+4% YoY). The BEVs have returned to normal (+11%).
The BEV and PHEV shares of sales reflect the differences between the pure electrics versus the plugin hybrids. BEVs accounted for 72% or 1.4 millions units of plugin sales in June. This was one of the most impressive results over the last few years. This led to the YTD break down being 71% vs.29% in favor of pure electrics. It is now the highest breakdown since 2022 (72%).
We can see the results if China and the USA are removed from the tally. Both countries are going through their own dynamics. PHEVs have crashed in China, while EVs continue to struggle in the USA after the expiration of federal tax credits (although it’s fair to say that Q1 had a worse impact than Q2 – plugins fell 40% in Q1 while they only dropped 20% in Q2). EVs have soared 52% year-over-year in June excluding those two markets. BEVs also jumped 62%.
The BEVs ended the month with a 22% market share. This number increases to 30% when we include PHEVs. If we include plugless HEVs, the share increases to 45%. The 2026 share of plug-in hybrids increased due to this performance. BEVs saw their market share increase by 1 point to 17 %, while hybrid plugins have a 7% share. The 2026 electric vehicle share now stands at 24 %.
In context, five or ten years back, the share of EVs was around… 1 percent (and only 0.6% BEVs).
We’ve certainly come a very long way ….
The top selling models are Chinese and Tesla. The top 20 list for June was the same as the previous four years, with BYD Song coming in at number two, Tesla Model Y taking the lead, and Tesla Model 3 taking bronze.
All three had positive performance in June. Tesla Model Y, the leader (153 813 units up by 21% YoY), had its best ever month, thanks to standard versions, the L 3-row body and increased global demand for BEVs.
BYD’s Song placing second was a bit of a shock, as it beat the Tesla 3 in the rankings. The 62,000 vehicles sold in June were a record for the past 12 months, thanks to the export campaign and new Ultra bodies. The Song is expected to have a strong second half and podium position thanks to its flash charging capability.
Tesla Model 3 – despite finishing in 3rd place, the 60,000 units delivered in June represented an increase of 30% YoY and the best result since September last year. It’s not bad at all for a model that has been around so long ….
BYD Yuan Up/Atto 2 was ranked 4th with 37,589 new registrations. The BYD small-to compact crossover has become a top-seller in its lineup thanks to recent updates and the introduction of the new PHEV model.
Leapmotor’s A10 was another highlight of the first half. In only four months, the fully-electric small crossover was ranked 8th with 25,000 registrations. This is the highest position for any model ever from a startup. Leapmotor may have found their star, as they join a list of consistently performing models.
BYD’s #7 Dolphin BEV scored its highest score since September last year, thanks in part to 25,000 registrations. This is due to the popularity of this vehicle in countries as diverse as Brazil, South Korea and Thailand. The compact crossover Sealion 05, ranked #9, scored a new record of 22,357 registered vehicles, thanks to export markets.
The highlight of the second table is Changan Qiyuan Q05 with a total of 19,466 registrations. It is clear that the Chinese OEM is eager to export this model once their Deepal brand has established itself in foreign markets. The Q05 compact crossover can be offered as an alternative that is more cost-effective.
The new generation Wuling Bingo Pro is finally pushing the small hatchback onto the list, this time to the 19th position, thanks to the 14,568 registrations. This was the best result for the nameplate in the last 13 months.
The top 20 were dominated by the BMW iX1/X1 PHEV twins (13,792 units), ahead of the Toyota BZ4X (12,830 units). Toyota BZ4X (13,830) and the BMW iX1/X1 PHEV were both in second place, ahead of each other. The two best-selling legacy models in the last few months have been these two. But a third model could join them. With the production ramped up to meet the demand, the midsize SUV, the BMW iX3, has received a record number of 9,175 registrations. Please? Please?
Chery Jaecoo 5 is another model that will be joining the market soon. The electric Jaecoo is a sort of Range Rover Evoque at half the cost. It has racked up a new record with 11,965 registrations in countries like Australia, Indonesia Thailand UK and Israel.
Tesla Model Y has sold twice as many Tesla Model 3 units in the first year of its existence.
The Model 3 rose one spot, thanks to the Model 3’s expected peak in June and Geely Xinguyan’s mediocre performance.
BYD Song, however, is on the rise again, and should take over 2nd place soon. It will be hard for Model 3 to maintain the 2nd spot as the Chinese SUV, the BYD Song, is ramping up its new generation of vehicles in China. The current model is also still being sold in large numbers in the export market. Not all is lost. The Model 3 is likely to retain the podium spot it’s held for the past year, as the Geely Xingyuan has a sales rate below that of the Model 3, and the BYD Yuan Up/Atto 2 are too far behind it to be a serious threat.
For the fifth consecutive year, BYD’s Song will be in second place, followed by Tesla Model 3 at third. Boooring…. Even the podium as a whole seems to be more exciting than this.
BYDs were also on the move. The Seal 06 climbed one place to number 13 while the BYD Yuan Plus/Atto 3 jumped to position 14.
The sporty Xiaomi SU7 continues to rise in the rankings, moving up four places to number 15. Changan Qiyuan Q05 joins the list at #17.
The Deepal S05 has climbed up one place to rank 19th. Changan has now two representative in the top twenty.
Leapmotor, the manufacturer of leapmotors rises to podium
Leapmotor has surpassed Geely and finished the month as 3rd place, with a total of 93,376 vehicles.
Expect the sales of this startup to grow significantly. Geely will have to be on guard, as the two top players won’t need to worry much about Leapmotor.
BYD, the second-largest manufacturer, is now back to positive sales numbers after spending a considerable amount of time in negative territory. This can be attributed to the export market, which represents over 40% of BYD’s total sales.
Tesla would be the highlight of this month if not for Leapmotor, which has been on a never-ending rise. This is because it delivered almost 220,000 vehicles in June. It was a record for the Texan company and a 24 percent improvement year over year. This rapid growth will it continue? The answer will likely be positive for the rest of this year, and into the new one. While the Model 3 may slow down, sales of the Model Y Long Wheelbase will continue to grow in other markets.
What about Tesla’s profitability in the near future? This is a topic I’ll leave to those with more insight.
Zeekr was another highlight, finishing the month 14th overall with 35,169 registrations. It was the twin 007 GT sedans that registered over 8,000 vehicles, putting Zeekr on top of the list for June. The midsize model’s success was boosted by a wagon body, who would have imagined? ?… Take note Volvo
SAIC export brand #11 MG achieved another record-breaking month in China. The MG 4 hatchback accounted for over half its registrations.
Toyota continues to shine on the side of the heritage brand. The brand reached 7th place with a new record of 46,246 vehicles, just 2,000 behind the arch rival Volkswagen. The Japanese manufacturer has been able to quickly move into the top spots with minimal effort.
Mercedes and BMW both had good months. The former reached 54,000 registrations – its best ever result for a whole year – while the latter had close to 36, 000 deliveries – a record new year high. Both are under pressure from the Chinese OEMs but are also moving in the correct direction. They are introducing attractive BEVs which can justify the price premiums they charge. This will help them to maintain their position in an electrified future automotive market. This is something that one cannot say of #19 Audi ….
Leapmotor surpasses Volkswagen
The year-to date table does not reveal any major changes, however, the information below the podium is quite different.
Leapmotor #4 has disengaged from its competition. While #5 Geely this year is too distant for the startup company to aim to be on the podium, the story will change in 2027. Leapmotor could be a contender for the podium in 2027, especially if it manages to purchase or form a joint-venture with a few Stellantis brands, such as Lancia. Opel? Both? In Europe, it would be logical to have a portfolio that included all three brands — Italian, German, and Chinese. The Italian is the high-end option. My 2 cents ….
SAIC’s MG jumped to 13th place thanks to its new generation MG 4 and AITO climbed up to 17th position in June thanks to strong performance across their entire lineup. This is an interesting Chinese brand, which hasn’t yet made the leap to export markets.
Mercedes is the final name to mention, as it has risen to 11th place thanks to its strong BEV sales, particularly of their CLA, which reached a record of 8,500 in June.
BYD is still the leader in terms of OEMs. Geely, the runner up, has seen its name-brand and Lynk & Co bring down the group. This counterbalances Zeekr’s strong performances.
The third-place Tesla (up from 8.1%, in May), took advantage of a high tide record in June to distance itself from the fourth Volkswagen Group (7.3% down from 7.6%, in May). It also gained ground over Geely. If Geely’s slide continues, the US-made car could be in the running for the second place.
SAIC is still in the 5th place with a 6.5% market share. However, #6 Hyundai Kia (4.0%, down 0.2%) has been threatened by Leapmotor, now in 7th position, which now holds a 3.8% increase from May’s figure of 3.6%.
Stability is the key word when comparing the current situation with the previous year. The top five positions all remained unchanged. BYD’s share was higher at 23,5% at the beginning of 2025. There was a larger gap between Geely, #2, and Tesla, #3, (3.1% then to 1% today), while SAIC, #5, was closer to Volkswagen Group with 0.2% then, compared to 0.8% now.
Just looking at the BEVs alone, this year there have been about 6.6 millions registrations or 71% total sales of plugins. Will they finish the year at or above 75% of total sales? This would be the best performance since 2012. ….
BYD (13,9%) is the leader in 2026, despite the fact that Tesla (12.6%), up 1.1%, has a larger share.
Geely is in 3rd position (8.7% down by 0.2%), keeping Volkswagen Group (4.6% down by 0.3%). SAIC, ranked #5 (6.3% down from 6.4% share in May), is now catching up to the German OEM.
Hyundai-Kia, ranked #6 (with a 4.6% market share and a 0.2% decline), is the closest OEM to the top five automakers. Leapmotor is a growing automaker, currently 7th and at a 3.9% market share. It could be a serious threat for the Koreans within a few months.

Business

‘This is insider trading by definition’: Trump offers $100,000 per month subscription to Wall Street

Gian Clementi is an economist at NYU Stern School of Business. He told Fortune: “I will be straight forward.” This is insider dealing by definition.
Trump, who owns approximately 41% of shares in the company, stands to benefit directly from this new revenue stream. Five subscribers would bring in about $5000 per month, which is $6,000,000 annually.
This figure is low by comparison to what Trump has achieved since his return to the White House. The 2025 disclosure revealed that his business generated over $2 billion of personal income in the last year, nearly quadrupling his total from 2024. Most of the money came directly out his office. His sons’ crypto-venture, World Liberty Financial (which he co-founded), earned him more than $500,000 in World Liberty Financial royalties and $635,000,000 from the $TRUMP coin.
Trump’s stablecoin legislation was signed just months after World Liberty introduced its own. This is a similar policy-to profit pipeline to the one Truth API uses with his posts on social media. Trump has collected millions of dollars from Trump-branded watches, sneakers and Bibles. Melania Trump also secured an alleged $28 million Jeff Bezos deal for a film. Truth API is a new tool in a long-established playbook.
Trump’s venture in media has had a difficult time building a successful social media business, despite the high valuation. Truth Social reported substantial operating losses after going public. Trump Media & Technology Group’s Q1 earnings report from 2026 shows that the company made a loss of $405,000,000 and only raised $900,000.
Clementi claims that the agreement allows Trump to profit from information he has because of his position.
He said, “He will monetize his role as president of the United States.” The president of the United States will earn more money, it’s an undisputable truth.
Some people disagree that the agreement meets the legal requirements for insider trade. Shannon Devine has disputed the characterization. She told Quartz that Truth API is “the fastest way for customers to ingest Truth Social publicly available data.” And that critics must have “invented a new theory about ‘insider’ trading based on public information.”
The classic insider trading laws hinge on the trading of secret material information, in violation of fiduciary duties. Truth Social posts, on purpose, are meant to be made public instantly, raising real doubts about whether they qualify as such based on their speed. Other legal experts, however, believe that the greatest risk is yet to come. Richard Painter (former White House ethics counsel) has said that this arrangement may violate federal law if Trump decides to post market-moving information–like tariffs, military actions, or policy decisions before they are made public–with Truth Social acting in a “tip” capacity on his behalf.
Renee Jones is a Boston College professor of law and a former SEC senior official. She told Fortune that “Material, non-public information belongs either to the U.S. Government or the American People, not Truth Social or the President Trump”.
It’s a pattern that has been well documented. Trump’s annual financial report of 927 pages shows that the president made over $1 billion in revenue from cryptocurrency and other ventures. This is part of an overall $2 billion gain for 2025. Truth API is a pioneering venture, monetizing real-time presidential speech rather than a brand or product.
Wall Street firms used to manually scrape the platform of social media for data before trading. Instead of racing against the clock to scrape Trump’s site, trading firms can now purchase an exclusive, low-latency, licensed data feed from Trump.
Kevin McGurn, interim CEO at TMTG said that the markets are already moving on Truth Social. Truth API is a licensed real-time, direct feed that delivers the most important Truths on the platform.
Trump Media & Technology Group didn’t immediately reply to a comment request.
Investors who get information fractions-of-asecond faster than their competitors have been rewarded by the financial markets for ages. Truth API uses this for presidential communications. Subscribers receive an automatic feed of “the most popular Truth accounts” that allows trading systems to instantly ingest posts. Trump’s Truth Social, which has 13 million followers is probably among those accounts that are available via Truth API.
The milliseconds that firms spend to gain an advantage in their race to execute transactions can often be more valuable than the subscription fee of six figures. In the release, it is also stated that the system was “designed for organizations most affected by the costs of a delayed information”, with manual data gathering being too slow to be used by “high-frequency trading firms and algorithmic traders.”
Truth Social’s Terms of Service lists the “systematically” gathering data on their site as a prohibited activity.
Washington is not the only place where insider trading has been condemned. Rep. Jamie Raskin (the ranking member of House Judiciary Committee) launched an investigation on the “scheme”. This was done by the House Judiciary Committee. In the letter of investigation addressed to McGurn by Raskin, Trump was accused of not “taking care” that the laws were enforced or to promote the public’s interest.
Raskin wrote that “President Trump, is once again using the presidential office to enrich himself in a spectacular manner, as well as his family and corporate cronies,” while also “destroying the integrity” of the financial markets.
In the letter, records were also requested from Truth Social. Truth Social is under the House Judiciary Committee’s jurisdiction. The letter includes demands for records on Wall Street firms who have signed up, as well as records about the “highest ranking Truth Social accounts”, which will be accessible through the Truth API.
Raskin’s office, which is the representative of and ranked member in Congress, declined to comment on any further requests.
Clementi is of the opinion that the spread of insider trading in the market will have a negative impact. The brazen subscription would discourage many traders to make trades.
He told Fortune that if people knew that certain market participants were privy to regular information because of their connections and that we weren’t, it would make them stop trading. They are worried that every time they trade the opposite side, someone will know more about the stock.
Also, he is concerned with the difficulties of regulating Insider Trading. Clementi says: “It is well-known that insider trade is among the most difficult crimes to prosecute.” This is why insider trade is rarely prosecuted. Clementi says that this does not mean, however, the market won’t correct itself. Professor Clementi says that it is in the best interests of the market to stop insider trading as soon as it occurs, so it can maintain its legitimacy and long-term sustainability.
He told Fortune that the market was going to collapse. It’s in their interest to ensure that insider traders do not make trades.

Business

Get free cookies on National Chocolate Chip Cookie Day

National Chocolate Chip Cookie Day allows chocolate lovers to indulge in as many cookies as they like.
Every year, the day to celebrate this sweet treat falls on 4 August. This will fall on a Monday in 2026.
Ruth Wakefield is the woman who invented chocolate chip cookies. She was a chef at Toll House Inn in Whitman Massachusetts with her husband. In 1937, she added semi-sweet pieces of chocolate to Butter Drop Do Cookies. In 1938 she published the cookie recipe, which Nestle then began to promote on the packaging of the product and its advertisements.
Although Wakefield gets credit, it is clear that the cookies existed in 1870. Stella Parks, author of “BraveTart Iconic American Desserts”, explains in her book published in 2017 how she found advertisements for chocolate chip cookies in early 1930s supermarkets. She also discovered recipes printed in 1877 that called for chocolate jumbles cookies.
Parks, who hosts the Gastropod Podcast on Eater’s food news website, said that Wakefield “popularized and created a recipe which is still used 100 years after it was developed” in April 2022.
It’s now time to buy some cookies. Find National Chocolate Chip Cookie Day discounts here.
National Chocolate Chip Cookie Day Deals for 2026
Insomnia cookies
Buy one cookie, get another one for free. Customers can receive a free cookie when they purchase a Chocolate Chunk Cookie. This includes all flavors, including Vegan Double Chocolate Chunk Cookies, Vegan Chocolate Chunks, and GF Chocolate Chunks. This offer is available both in store and online.
Crumbl
This chain does not offer a special deal for National Chocolate Chip Cookie Day, but you can order any of your favorite cookies and get a dirty soda free. This deal will be valid until Saturday, August 8, but is only offered at some locations. Check the Crumbl website to see if your location offers this offer.
BJ’s Restaurant & Brewhouse
BJ’s sells its famous “Pizookie”, which is not specifically tied to National Chocolate Chip Cookie Day but every Tuesday, for only $5. National Chocolate Chip Cookie Day falls on Tuesday this year.
DoubleTree By Hilton
Over the years, this hotel chain became known for its warm chocolate cookies. DoubleTree is offering their hotel guests and those who do not have a reservation a chocolate chip cookie for free on National Chocolate Chip Cookie Day.
Gopuff
Gopuff, a delivery service offering discounts on August 4, is running two special promotions.
Purchase two packs of Basically Cookie Thins at $8.
Buy two packages of Crave Shoppe chocolate chip cookie dough and save 20%
When you buy Publix, it will be delivered to your home.
On Aug. 4, children who visit the Publix Bakery will receive their regular free cookie. Publix uses the National Chocolate Chip Cookie Day to promote the tradition.
The information has been updated.
Bianca Harris, editor of the National Trending Team for USA TODAY. Email her at bharris@usatodayco.com.
Mike Snider, a reporter at USA TODAY who covers national trends in news is available on Threads, Bluesky and X. You can also email him using mikegsnider & @mikegsnider.bsky.social & @mikesnider msnider@usatoday.com. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @mikegsnider.bsky.social & @mikesnider & msnider@usatoday.com.

Business

McDonald’s posts strong second quarter profit, names new chief of US operations

McDonald’s reported a solid profit for its second quarter, and appointed a new leader of the U.S. Market. Sales at home are under pressure due to Americans’ increasing caution about their spending.
The same-store sale, which is sales in locations that have been open for at least one year, increased by 0.8%. This represents a significant slowdown compared to the 2.5% growth a few years ago when the company scored a major win thanks to a special meal that was tied into “A Minecraft Movie.”
During the earnings call of the company on Tuesday, CEO Chris Kempczinski stated that inconsistent execution in its restaurants as well as marketing programs which did not meet expectations were partly to blame for the poor performance.
He said, “We do not have a problem with strategy.” We simply did not execute to the required level in the second half of the year.
Ian Borden, chief financial officer at GE Capital said that another issue is the reduction in digital offers customers receive. Customers either purchased less or did not buy anything without these offers. McDonald’s will address this issue by rolling out more digital offers across the country, beginning next week. He added that the company also aims to offer more tailored offers to loyal customers.
McDonald’s is no different from other restaurant chains in that it deals with American customers who are very conscious of their budgets. In May, the company said that consumer anxieties over high gasoline prices and U.S. war with Iran might affect its sales. According to AAA, the U.S. gasoline average reached its highest level on May 21, at $4.56 a gallon.
McDonald’s has rearranged its menu to attract customers who are cost conscious. Value meals and specials have been added. The items are especially important to low-income consumers who have been hit by the rising cost of living. The chain launched a simpler McValue Menu in April that includes 10 items priced at $3 or less.
Kempczinski stated that McDonald’s started to price its menus higher in some places than their competitors about a month ago. Since then, the company has worked hard to lower its prices or bring them closer to those of competitors for items such as burgers and drinks.
Chicago Burger earned $2.36 Billion for the quarter ending June 30. That’s $3.32 per share. In the same period last year, it had earned $2.25 Billion or $3.14 per shares.
Earnings per share were $3.38, excluding one-time charges and benefits. This was higher than the $3.32 analysts polled in FactSet.
The revenue grew to $7.13billion from $6.84billion in the previous period. However, it fell short of Wall Street’s estimated amount of $7.13billion.
Skye Anderson, the new president of McDonald’s USA was also announced by McDonald’s on Tuesday.
The company shares fell by less than 2% on Tuesday.
_________________
Dee-Ann Durbin, a reporter for AP, contributed to the report.

Business

Days after John Oliver’s dare, Buc-ee’s sues again

After being taunted to do so by John Oliver, host of “Last Week Tonight”, Buc-ee’s filed a suit against an Ohio corner store.
A federal lawsuit was filed by Buc-ee’s on July 28. The small store, Beaver’s Mini Mart is located in a middle-class neighborhood of Beavercreek in Ohio, which is a suburb to Dayton. Buc-ee’s has been suing Beaver’s Mini Mart for over two decades.
According to The Cincinnati Enquirer (part of USA TODAY Network), despite Buc-ee’s mini-mart not having any gas pumps, and being located miles away from the nearest highway, customers could be confused about the logo. It features a beaver smiling, standing proudly next to its name, written in red letters.
The Enquirer reports that Vik Boparai owned the mini-mart for over a decade. This was years before Buc-ees opened their first Ohio location north of Dayton, Ohio in April. Beavercreek is a very popular place, and many businesses as well as the local high-school have different beaver mascots.
Boparai told the Enquirer, “I’m not sure why they would want to sue such a small company as mine.” “I feed my two children with this store.”
Zach Upton, Beavercreek councilman, was also shocked to hear that Buc-ee was targeting the mini-mart. Upton said to the Enquirer that the suit is an excessive attempt by Buc-ee to protect its brand.
Upton stated that “common sense does not prevail.” I can’t believe anyone could be confused between the Buc-ees and mini mart. “It’s not in the same ballpark.”
HBO: John Oliver asks Buc-ees to sue John Oliver
Oliver explained Buc-ee’s practice of suing businesses with cartoon animal logos, even if they are very different from Buc-ee’s trademarked grinning beaver.
Oliver concluded the episode with a challenge to Buc-ees, daring them to target a business of their own size. He also positioned both his network and show as potential targets.
Oliver stated in this episode that Buc-ees has sued other companies over and over again, especially those who have animal mascots. The chain had filed more than a dozen suits over the years, with threats of filing even more. Oliver notes that Buc-ee’s won most of these cases, because other companies settled and redesigned their logos, or folded because they didn’t have enough resources.
Oliver quotes a legal expert as saying Buc-ees needs to be cautious with their strategy, because the more they sue smaller businesses, the greater the chances of running into a company that has the resources to fight back.
Oliver stated in this segment, “And here is where we step in.” Oliver said in the segment, “And that is where we come in.”
Oliver introduces Mr. Nutterbutter during the segment. The 7-foot tall squirrel was originally designed for a segment in 2017 that targeted former coal executive Bob Murray. This segment resulted a defamation suit against HBO and the show, but it failed.
This show designed a Mr. Nutterbutter cartoon logo that looked similar to Buc-ees’ logo. The logo was then used on various products including tumblers. shirts, pajamas and mugs.
Oliver mentions in his segment that the items will only be available at Buc-Off.com for a short time, and all proceeds go to Hunger Free America. This nonprofit, nonpartisan organization is working to eliminate domestic hunger.
You know, “If any major gas station chain has a problem with our logo or products, and they want to hire lawyers, you can do that.” Let’s go for it. Oliver said in the video that by doing this, “you would be taking food directly out of people’s mouths.”
Buc-ee’s didn’t immediately reply to a USA Today request for a comment.
Buc-ee’s court history is a snapshot.
USA TODAY previously covered a number of lawsuits Bucee’s filed.
Buc-ee’s sued Barc-ee’s in March 2025. Barc-ee’s was a small business located in southwest Missouri, which offered a miniature Western-themed city, as well as a coffee shop and food stores.
Buc-ee’s claimed the Missouri convenience shop was benefiting from the unauthorized usage of Buc-ee’s trademarks. This included a smiling animal mascot. They also falsely informed consumers that both businesses were related.
Buc-ee’s sued Super Fuels in January 2025. They claimed that their logo (a smiling brown dog with a red cape on a background of blue) was too similar. Buc-ee’s claimed that Super Fuels’ anthropomorphic cartoon mascot might confuse consumers at first glance.
Buc-ee’s filed a lawsuit against Chicks in Texas, alleging that Chicks was based on similar concepts. These included the store and site design, as well as product selection, store construction, and logo.
Buc-ee claimed that even though the Chicks’ logo featured two chickens smiling back to back against a background of red, yellow, and black, the design copied Buc-ees’ “iconic mark” such as color, shape, and font.
Chicks closed its doors in 2014, despite the fact that Chicks lawyers tried to dismiss their complaint.
Greta Mieze and Marta Cross, USA Today

Business

Warsh Wanted ‘Regime Change.’ A Reset Might Need to Come First.

Soon, all Federal Reserve heads will learn the lesson. The words of the Federal Reserve officials are scrutinized so carefully that any deviation from absolute precision can cause financial markets to crash and the central bank’s message to be misinterpreted.
Janet L. Yellen discovered this during her first press conference in March 2014. She inadvertently said the Fed would be able to raise interest rates sooner than most had anticipated.
Jerome H. Powell caused a meltdown in the market when, only months after taking over as Fed chairman in December 2018, Powell described the Fed’s plans to reduce the portfolio of mortgage-backed and government securities on autopilot and announced that more rate hikes were to follow. Powell’s change of heart came just two weeks after he had taken the top job, and helped to ease concerns about the Fed dismissing the market signals.
Kevin M. Warsh is now facing the consequences of his actions, two months after taking over as Fed chairman. A news conference held following the July Fed meeting confused investors, and questioned his dedication to reducing inflation. The Fed has been unable to achieve its 2 percent target since more than five year. The mistake was costly, causing a market reaction that Bank of America economists said is usually associated with the “credibility shocks”, which central banks face in emerging markets.
The markets have stabilised since last week due to renewed hopes that an agreement ending the Iran war is near. The stock markets have reached new heights, but longer-term borrowing costs in the United States are higher than before last week’s Fed meeting.
It is up to Mr. Warsh now to change the narrative, and to make it clear in practice what “no tolerance” means for inflation to the Federal Open Market Committee.
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