NFL-Backed New Era Cap Secures $600 Million Term Loan Amid IPO Speculation
For over a century, New Era Cap has reined as one of the most recognizable names in hatmaking.
Bloomberg Business
Emerging Currencies Close to Erasing 2023 Gains as Gloom Deepens
Developing-nation currencies fell for a fourth day, coming within a whisker of erasing all of this year’s gains.
Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
Grindr Inc. has lost about 45% of its staff as it enforces a strict return-to-office policy that was introduced after a majority of employees announced a plan to unionize.
Mexico Presidential Candidate Galvez Wants Weaker Peso to Boost Economy
Mexico’s opposition presidential candidate Xochitl Galvez sees the “super peso” as harmful for the economy, arguing that the currency is being propped up artificially by the central bank’s record-high interest rates.
Biden Tests Negative for Covid, Allowing Him to Attend G-20
President Joe Biden tested negative for Covid-19 on Thursday, clearing him to attend the Group of 20 summit in India.
JPMorgan Is Exploring Blockchain-Based Deposit Token for Payments, Settlements
JPMorgan Chase & Co. is in the early stages of exploring a blockchain-based digital deposit token for speeding up cross-border payments and settlement, according to a person familiar with the work.
Boeing Warns 737 Deliveries to Be at Low End of 2023 Target
Boeing Co. warned that deliveries of its cash-cow 737 jetliner will come in at the low end of its targeted range this year as a recently discovered supplier glitch crimps output.
Your Drugstore Nasal Decongestant Doesn’t Work, FDA Says
A common ingredient in over-the-counter nasal decongestants is not effective, the Food and Drug Administration said, a change to the agency’s position that could have major implications for some versions of Nyquil, Sudafed and Mucinex.
Winklevoss Claims Fuel US Investigation of Barry Silbert’s DCG Crypto Empire
A bitter feud between crypto tycoons has piqued the interest of US investigators who were already looking into the finances of one of the industry’s best-known empires.
Texas Power Emergency Hinged on Stranded Wind-Farm Supplies
Texas’ worst power crisis in more than two years was triggered when officials were forced to halt deliveries on a long-distance transmission system, stranding electricity supplies hundreds of miles from major population centers.
