ECB Seen Raising Rates by 25 Basis Points This Month, Unlikely to Pause Yet
A 25 basis-point interest-rate rise by the European Central Bank this month seems almost certain, and the big question is whether there […]
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense company raised its guidance as the war in Ukraine drives demand for missiles.
Switzerland Could Cut Interest Rates as Early as March 2024
Switzerland’s central bank could start cutting rates next year, earlier than markets anticipate, Capital Economics Europe economist Adrian Prettejohn writes in a […]
Wall Street Can’t Shake Off Investment-Banking Slump
Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue.
Retailers’ Problems Get Real
Merchants are selling more stuff, but now it is often at lower prices.
Illinois Supreme Court Allows Elimination of Cash Bail
The move paves the way for Illinois to overhaul its criminal-justice system.
House Republicans Plan Vote Backing Israel After Democrat Called State ‘Racist’
Top progressive Pramila Jayapal walked back statement amid bipartisan criticism.
U.S. Soldier Held in North Korea After Crossing Border
American man who was on a tour of the South Korean side of the Joint Security Area crossed over the military demarcation […]
Teamsters Threaten Strike at Yellow as Trucker Misses Pension Payment
The debt-laden carrier is seeking to defer contributions as it struggles with liquidity.
Meta and Microsoft Team Up to Distribute New AI Software for Commercial Use
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing platform.
Taylor Swift Hires New General Counsel in Rare Shuffle to Her Top Brass
The pop star has tapped the lawyer who helped her win a sexual-misconduct case.
ESG Roundup: Market Talk
Gain insight on projects to suck CO2 from the air, reforesting the Amazon, and more in the latest Market Talks covering ESG […]