Fed Staff Grow Wary of Asset-Price Risks Following Stock Run-Up
Federal Reserve staff have become more wary about the risks that elevated asset prices pose to financial stability after a run-up in the stock market in recent months.
Bloomberg Business
Adyen Plummets as Sales Miss Erases $20 Billion of Market Value
Adyen NV’s shares plunged as aggressive competition in North America contributed to the slowest revenue growth since its initial public offering, erasing more than €18 billion ($19.6 billion) of market value in a single day.
Nike, Adidas Bet Big on World Cup Football Shirts and Merch
When England and Spain meet in the World Cup final on Sunday, millions of football fans will be glued to their televisions. Many will gamble on the outcome. But for companies like Nike Inc. and Adidas AG, there’s a whole other bet playing out: whether they made enough merchandise to satisfy the euphoric demand from fans of the winning team.
Ford Battery Plant Is Latest Step in Quebec’s Push to Become Global EV Hub
Ford Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million).
Sweden Raises Terror Threat Level to ‘High’ After Koran Burnings Fuel Anger
Sweden announced an increased level of terrorist threat following a series of Koran burnings that have sparked anger in the Muslim world.
Americans Credit the Fed for Inflation Cooldown in Consumer Survey
Americans think the Federal Reserve could soon be taking a victory lap.
Canadian Wildfire Smoke Moves South Again, Posing Risk to New York State
Smoke from Canadian wildfires is threatening air quality from the Midwest to western New York State, triggering warnings of “unhealthy” levels in some areas extending through the weekend.
Walmart Lifts Outlook Again, Stays Cautious on US Shoppers
Walmart Inc. raised its annual profit forecast again, but struck a cautious tone on consumers and the US economy.
US-China Solar Trade Probe Ruling to Reshape Billions in Trade
The Commerce Department is expected this week to conclude some Chinese manufacturers are illegally dodging tariffs by assembling solar equipment in other Asian countries before shipping it to the US — the culmination of a 17-month probe that could have profound impacts on tens of billions of dollars in trade.
Nubank Shares Fall After CEO David Velez Trims Stake
Shares of Nu Holdings Ltd., the world’s biggest standalone digital bank, tumbled Thursday after co-founder and chief executive officer David Velez sold a part of his stake in the Brazil-based firm.
