US Existing-Home Sales Slide on Higher Rates, Lean Inventory
Sales of previously owned US homes fell in July to the lowest level since the start of the year, constrained by a lack of inventory and higher borrowing costs.
Bloomberg Business
Zara Billionaire Ortega Buys Chicago Apartment Tower for $232 Million
Amancio Ortega, the billionaire founder of the Zara clothing chain, snapped up a luxury apartment building in Chicago for $232 million to add to his growing US property portfolio.
Schwab to Cut Staff, Real Estate to Save $500 Million a Year
Charles Schwab Corp. is planning to cut jobs and close or downsize offices to achieve at least $500 million in annual cost savings as the brokerage responds to investor pressure.
Mobile Networks Market Shrinks at Fastest Pace in Seven Years
The global market for radio access networks, the gear that handles mobile communications, declined at the fastest pace in almost seven years last quarter, according to a report from Dell’Oro Group Inc, adding bad news to 5G equipment vendors already struggling with sluggish customer demand.
Why Threads, Meta’s Twitter Killer, Needs a Desktop Version
Social network users want to pound out messages on their laptops as well as phones
UK Charges Former OPEC President With Bribery
Former OPEC president Diezani Alison-Madueke was charged with bribery offenses in the UK, after an investigation by the country’s National Crime Agency.
Dick’s Falls After Warning About Higher Theft, Cost Cutting
Dick’s Sporting Goods Inc. sank after cutting its profit outlook for the full year as the retailer deals with slowing growth and more theft at its stores.
BASF Weighs €3 Billion Sale of Catalyst Assets
BASF SE has hired Morgan Stanley to help it explore options for its business making catalysts for combustion engines, including a possible sale, people with knowledge of the matter said.
Adyen Is Still Expensive After $23 Billion Meltdown
Even after a record slump that wiped out €21 billion ($23 billion) in value, some investors think Adyen NV still looks too expensive, especially compared to rivals like PayPal Holdings Inc.
Cathie Wood’s ARK Snaps Up Adyen Shares After Record Meltdown
Cathie Wood extended her bet on Dutch payment processing company Adyen NV just after a growth slowdown sent the stock down by almost half to its lowest level in three years.
