The arrival of Meta Platforms Inc.’s Twitter challenger further complicates the investment case for social media firms Snap Inc. and Pinterest Inc., whose share price recoveries lag their larger rival.
US producer prices barely rose in June from a year earlier, another sign of cooler inflation that will likely comfort Federal Reserve officials.
Investment firm Varde Partners snapped up about $1 billion of Marcus loans that Goldman Sachs Group Inc. has been offloading as it dissolves a once-celebrated effort to lend to Main Street.
The European Union said it was lifting import restrictions on Japanese food products imposed in the wake of the Fukushima nuclear disaster.
Torsten Slok, chief economist at Apollo Global Management, says inflation remains at levels too high for comfort for the Federal Reserve and that “a default cycle has started” for consumers and corporates. He speaks on “Bloomberg Surveillance.”
Defense Secretary Lloyd Austin said he has “no doubt” that Ukraine will join NATO after the conflict with Russia ends.
Byju’s appointed former State Bank of India Chairman Rajnish Kumar and ex-Infosys Ltd. chief financial officer T.V. Mohandas Pai to its advisory council as the Indian education startup tries to contain the fallout from corporate governance lapses.
US applications for unemployment benefits fell last week, suggesting companies are holding onto workers despite a moderation in job gains.
European Central Bank officials went ahead with their expected quarter-point increase in interest rates after the possibility of a bigger move had been raised, according to an account of their June policy meeting.
Europe could see natural gas prices slump to around €15 this winter — about half the current level — on mild weather and weak demand, according to Morgan Stanley.
