Goldman to Make Annual Cut of Underperformers as Soon as October
Goldman Sachs Group Inc. is planning its annual cut of underperforming workers beginning later next month, a person familiar with the matter said.
Bloomberg Business
CFTC Focuses on DeFi Platforms in Latest US Crypto Crackdown
The US Commodity Futures Trading Commission brought enforcement actions against three decentralized finance firms and signaled that more may be coming.
US Housing Affordability Remains at a Record Low, NAR Says
US housing affordability remained a record low in July as high mortgage rates and prices kept home ownership out of reach for many Americans.
G-20 Sees Risks to Long-Term Growth From ‘Cascading Crises’
Leaders of Group of 20 nations plan to warn that “cascading crises” have posed challenges to long-term economic growth and call for coordinated macroeconomic policies to support the world economy, according to a person familiar with a draft of the final communique.
Intel Eyes Longest Rally Since 2005 as China Risk Hits Apple
Intel Corp. rose on Friday, with the chipmaker on track for its longest streak of daily gains in more than 18 years.
African Union Seeks $100 Billion in IMF’s Special Drawing Rights in Major Shift
The African Union proposed that the International Monetary Fund consider issuing $650 billion in special drawing rights to combat the climate crisis.
Alibaba Grocery IPO on Backburner as Valuations Disappoint
Alibaba Group Holding Ltd. is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on the backburner amid weak sentiment for consumer stocks, people with knowledge of the matter said.
Bernard Arnault Has Spent €215 Million Buying Dip in LVMH Stock
Billionaire Bernard Arnault has bought €215 million ($230 million) of LVMH shares since the luxury conglomerate’s disappointing earnings in late July contributed to a drop in the stock price.
Landmark UN Study Shows Widespread Failure to Meet Climate Goals
The world hasn’t been reducing emissions fast enough to reach a stretch goal of limiting global warming to 1.5 degrees Celsius before the end of the century, a first-of-its-kind assessment finds.
US Approves Texas Power Emergency as Blackout Threat Looms
The Biden administration declared a power emergency in Texas amid soaring electricity demand sparked by a brutal heat wave.
