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Fed Officials Are Divided Over When to Reduce Its Debt Holdings
By BINYAMIN APPELBAUM
Minutes of the policy makers’ June meeting showed a conflict over a September or December start on pruning the bank’s portfolio, and the effect on rates.
Tim Ryan of Modobag riding one of the company’s motorized suitcases at O’Hare International Airport in Chicago. The suitcase is expected to be available this year.
Whitten Sabbatini for The New York Times

ITINERARIES

Did You Pack Too Much? Your Suitcase Knows
By JULIE WEED
The last big innovation in luggage was the introduction of wheels. Now, start-ups are building all types of new technology into their bags, like USB ports, GPS trackers and scales.
A Volvo plug-in hybrid at an auto show in Beijing in 2014.
Volvo, Betting on Electric, Moves to Phase Out Conventional Engines
By JACK EWING
It became the first mainstream automaker to sound the death knell of the traditional engine, saying all the models it introduces from 2019 will be either hybrids or powered solely by batteries.