Inflation Is Cooling. Food Inflation Could Get Worse.
Food prices have been rising rapidly for longer than central bankers had expected, and recent setbacks may prolong the agony.
Harris Williams Hires Credit Suisse Executive to Lead Europe Secondary Team
The investment bank is setting its sights on Europe, after adding a U.S. secondary-advisory team through a merger with Sixpoint Partners in […]
Ukrainian Naval Drones Attack Russian Black Sea Port
Ukraine struck one of Russia’s largest ports, disrupting shipments of grain and oil as fighting in the Black Sea intensified, threatening world […]
Amazon Shines During Apple’s Off-Season
One tech titan snaps its growth slump, while the other remains mired in it.
Stocks Have Had a Great Year. Cue the September Effect.
The month is historically the worst for stocks.
Oil Adds to Gains Following Saudi, Russian Production Changes
Oil prices edged higher after Saudi Arabia and Russia said they’d extend a round of oil production cuts, while the Russian Black […]
Hiring Has Stayed Strong. Here’s Where to Look for Signs of Cooling.
Economists estimate that U.S. employers added 200,000 jobs in July and that unemployment held steady at 3.6%.
Hyundai, Kia Recalling Over 91,000 Cars in U.S.
Hyundai Motor and its smaller sibling, Kia, are recalling more than 91,000 vehicles in the U.S. over potential fire risks.
South Korea’s ‘Don’t Ask Why’ Stabbings Prompt New Debate on Criminal Punishment
Officials vow adopt life sentences without parole for such crimes after a department-store rampage injured more than a dozen.
Credit Agricole Profit Jump as Insurance Lifts Revenue
Credit Agricole reported a second-quarter net profit of €2 billion on sales that rose 19%, boosted by insurance income, with €1 billion […]
Maersk Sees Improved Outlook as Cost Cuts Offset Lower Earnings
Maersk posted a sharp drop in second-quarter net profit, as freight rates and volumes fell, but cost-cutting helped it beat expectations and […]
WPP Cuts Guidance After Profit Slump
WPP sees like-for-like growth in revenue of 1.5%-3% in 2023, with headline operating profit margin still expected to be around 15%, after […]