Sainsbury’s Isn’t a ‘Rip-Off Retailer,’ Says Chair Amid Prices Row
J Sainsbury Plc’s chairman has hit back against accusations from politicians that supermarkets are using lofty food prices to boost their profits.
Bloomberg Business
Forint Falls Victim as Hungary’s Hard Landing Sows Policy Doubts
The longest currency losing streak in almost three years is underscoring investor angst about Hungary’s commitment to rein in the fastest inflation in the European Union amid signs of a hard landing for the economy.
Rivian CEO Eyes Output Ramp, New Partners After Supply Woes
Rivian Automotive Inc. is ready to take on more commercial partners beyond Amazon.com Inc. after a recent bout of production success.
US Trade Deficit Narrows as Imports of Merchandise Decline
The US trade deficit shrank in May as the value of imported merchandise declined to the lowest level since October 2021.
US Companies Add Nearly Half a Million Jobs, Most in Over a Year
US companies added almost half a million jobs in June, the most in over a year and underscoring the ongoing strength of the labor market.
CFA Level II Success Rate Jumps Above Historic Average to 52%
The pass rate for the second level of the chartered financial analyst exam surged past its historic average, marking a comeback from the dip caused by pandemic-related disruptions to test-taking.
Canada Posts Largest Trade Deficit Since 2020 on Falling Prices
Canada’s merchandise trade balance unexpectedly recorded its largest deficit since October 2020, in large part due to lower energy prices.
US Two-Year Yield Tops 5%, 10-Year Tops 4%, Nearing 2023 Highs
The US two-year yield topped 5% and the 10-year exceeded 4%, both for the first time since March, after strong private-sector job growth bolstered expectations for additional Federal Reserve interest-rate increases.
Ex-UBS Trader Hayes Wins Chance to Appeal Libor Conviction
Tom Hayes, the former UBS Group AG and Citigroup Inc. trader who became the face of the Libor scandal, has won a shot at overturning his UK criminal conviction.
Starmer Vows to Break ‘Class Ceiling’ in UK Workplaces
UK opposition leader Keir Starmer vowed to break the “class ceiling” stopping people from poorer backgrounds progressing in education and at work, promising speaking lessons in state schools to boost life chances.
