Yaccarino Says X’s Run Rate is Near Break-Even Levels
X, the company formerly known as Twitter, is seeing its operational run rate near break-even levels, CEO Linda Yaccarino said in an interview with CNBC.
Bloomberg Business
Texas Oilman Wants to Dam a River So He Can Create a Giant Pool
Greg Garland would really like a swimming pool. But not just any old swimming pool.
Modi Briefly Addresses Manipur Violence in Over Two-Hour Speech
Prime Minister Narendra Modi lashed out at his political opponents in a more than two-hour long speech – accusing the opposition of historical mis-governance, corruption and nepotism — and only briefly touched on the ongoing deadly violence in the state of Manipur that led to the no confidence vote against his government.
Bacon Prices Set to Surge Anew in Threat to More Meat Inflation
Bacon prices dropped by the most in eight years last month in the US, but the relief for meat eaters is likely to be temporary.
Fed Has ‘More Work to Do’ to Get Inflation to Goal, Fed’s Daly Says
Federal Reserve Bank of San Francisco President Mary Daly said the US central bank has more work to do to control inflation even as data for July showed modest price increases.
Retailer Canadian Tire Warns Consumers Are Cracking Under High Rates
Canada’s largest publicly traded, big-box retailer is withdrawing its ambitious long-term profit target, saying inflation and higher interest rates are hammering consumer demand.
WeWork SPAC Meltdown Adds to Co-Working Company’s Litany of Woes
WeWork Inc. is already infamous for torching billions of Softbank Group Inc.’s cash. It’s been labeled a poster child for the excesses of Silicon Valley’s founder worship. And exemplifies the profligacy of a near-zero interest rate environment.
Ukraine Neighbor Romania Readies $6.5 Billion F-35 Jet Purchase
Romania is poised to sign a $6.5 billion contract to upgrade its air force with US-made F-35 aircraft, the Black Sea nation’s biggest such deal to date as Russia’s war with Ukraine rages on the other side of the border.
Yen Dips to Weakest Since 2008 Against Euro, Eyes 145 Per Dollar
The yen fell to the weakest against the euro since 2008 on Thursday, extending losses after tame US inflation data and putting traders on guard for jawboning from Japanese officials.
Ecuador Declares State of Emergency After Assassination of Presidential Candidate
Troops deployed across Ecuador on Thursday to enforce a state of emergency as six people accused of plotting the assassination of presidential candidate Fernando Villavicencio are due to appear before a judge.
