US Factory Output Rises Slightly, Limited by Auto Production
US factory production eked out a small increase in August as a drop in motor vehicle assemblies masked a larger rebound in output of other consumer goods and business equipment.
Bloomberg Business
TikTok Fined €345 Million for Putting Minors’ Data at Risk
TikTok, the video-sharing social-media app that’s faced a global backlash over its links to China, was fined €345 million ($368 million) in the European Union for alleged lapses in the way it cares for children’s personal data.
Latvia Gets New Prime Minister Evika Silina With Parliament Majority
Latvia’s Evika Silina secured a parliamentary majority to become the Baltic nation’s new prime minister as she promised to bolster defense spending in the face of Russian military aggression.
US Inflation Expectations Fall to Lowest Levels in Over Two Years
US inflation expectations fell in early September to the lowest levels in more than two years as consumers grew more optimistic about the economic outlook.
Fernando Botero, Artist Who Played With Human Form, Dies at 91
Fernando Botero, the painter and sculptor known for his disproportionate depictions of the human body and daily life in his native Colombia, has died. He was 91.
Vasle Says More ECB Hikes Not Excluded, December Meeting Key
Another interest-rate increase by the European Central Bank can’t be ruled out — even after Thursday’s signal from officials that borrowing costs may have reached a peak, Governing Council member Bostjan Vasle said.
World Cup Fanfare Masks an Existential Threat to Rugby
Concern over the longer-term effects of head injuries cast a shadow over a sport that’s showcasing its global reach.
Schwab Says Ameritrade Integration Dragged Down Client Inflows
Charles Schwab Corp. said it has been temporarily affected by attrition from clients as it integrates TD Ameritrade, leading to a decline in net new money for the firm last month.
Russia Raises Rates With Ruble Weaker Despite Emergency Hike
Russia’s central bank raised interest rates for a third straight time, bracing for inflationary risks and adding to an emergency hike a month ago that’s so far done little to take pressure off the ruble.
UK Drops Probe Into Sanctioned Russian Billionaire Mikhail Fridman
Britain’s National Crime Agency dropped its investigation into alleged sanctions evasion by Russian billionaire Mikhail Fridman after dramatically raiding his London home late last year.
