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Household incomes in longest-ever run of declines - live updates
Household incomes in longest-ever run of declines - live updates

Britain suffering faster and steeper downturn than Europe, warns Andrew Bailey House price fall now 'unavoidable' as growth slows again FTSE 100 slumps 1.8pc...

Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal
Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal

India's Lenskart is buying a majority stake in Japan's Owndays, the two firms said, creating one of Asia's biggest online retailers of eyewear. The firms did not disclose the financial terms of the deal, but a person familiar with the matter said the merger values 32-year business Owndays at $400 million. The 12-year-old Bengaluru-headquartered startup is buying Owndays' shares from L Catterton, Mitsui and Principal Investments, the two firms said.

Biggest Forex Rout Since
Biggest Forex Rout Since '97 Puts Asia Central Banks in Bind

(Bloomberg) -- The surge in the dollar has set Asian currencies on course for their worst quarter since the 1997 financial crisis and created a dilemma for...

Messari Research: DCG
Messari Research: DCG's Barry Silbert Wins from SEC ETF stalemate, but Investors Lose.

Grayscale's product is broken. The SEC clearly won't let them fix it thanks to obstinance by the SEC's leadership, writes Messari's Ryan Selkis.

FCC Commissioner Asks To Remove TikTok From App Stores Due To Security Concerns
FCC Commissioner Asks To Remove TikTok From App Stores Due To Security Concerns

Brendan Carr tweeted that the app "harvests swaths" of data that's accessible to China.

With EPS Growth And More, MS INTERNATIONAL (LON:MSI) Makes An Interesting Case
With EPS Growth And More, MS INTERNATIONAL (LON:MSI) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Indian telcos
Indian telcos' 5G bids seen muted as private firms jostle for airwaves -sources

India's telecom giants are likely to make muted bids at the 5G spectrum auction in July, on worries they stand to lose about 40% in potential revenues due to...

Editorial: Pray for sanity: The Supreme Court lets religion back into schools

The six conservatives on the Supreme Court, who purport to revere the Constitution, have a funny way of ignoring the parts of the document that go against...

Florida scrub-jay is smart, social, endangered and only found in the Sunshine State

ORLANDO, Fla. - Take a stroll through one of the remaining pockets of Florida scrub habitat and listen for a loud, scratchy weep - a sound that distinguishes...

Turkey records first case of monkeypox - health minister
Turkey records first case of monkeypox - health minister

Turkey has detected its first case of monkeypox in a 37-year-old patient who is in isolation, Health Minister Fahrettin Koca said on Thursday. The virus has...

Should You Be Impressed By CEPS PLC
Should You Be Impressed By CEPS PLC's (LON:CEPS) ROE?

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

Shaky Housing Adds $7 Trillion Hazard to Australia
Shaky Housing Adds $7 Trillion Hazard to Australia's Economy

(Bloomberg) -- Economists agree Australia's housing prices are about to sink. What they're not so aligned on is just how much a slide in the country's A$10...

When Should You Buy Touchstar plc (LON:TST)?
When Should You Buy Touchstar plc (LON:TST)?

Touchstar plc ( LON:TST ), is not the largest company out there, but it received a lot of attention from a substantial...

China Tech Investor Defies Skeptics With $900 Million Fundraise
China Tech Investor Defies Skeptics With $900 Million Fundraise

(Bloomberg) -- Venture firm IDG Capital is poised to raise about $900 million for a new fund focusing on investment in China, a rare feat amid skepticism...

NFT giant OpenSea reports major email data breach
NFT giant OpenSea reports major email data breach

OpenSea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach. A staff at Customer.io, an email vendor contracted by OpenSea, misused their employee access to download and share email addresses of OpenSea's users and newsletter subscribers with an unauthorized external party, the world's largest NFT marketplace said Wednesday night. The scale of the security breach appears massive.

Black Swan analyzes social media to predict which products will be successful
Black Swan analyzes social media to predict which products will be successful

Consumer packaged goods companies -- think PepsiCo or Nabisco -- face steep challenges from the rising cost of living and distribution. As inflation continues unabated, consumers' disposable income isn't going as far as it used to while products are becoming more expensive to ship. While founded long before the pandemic, Steve King says that Black Swan Data, the data science and tech company that he helped co-launch in 2011, is well-suited to the current environment.

Hong Kong has more autonomy since Britain left - ex-leader CY Leung
Hong Kong has more autonomy since Britain left - ex-leader CY Leung

Despite China's recent restrictions, CY Leung claims Hong Kong has more autonomy than in 1997.

Investors in Restore (LON:RST) have made a return of 14% over the past year
Investors in Restore (LON:RST) have made a return of 14% over the past year

Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right...

Central Bankers Write Requiem for Low-Inflation Strategies
Central Bankers Write Requiem for Low-Inflation Strategies

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergTrump's Final Scene...

Maharashtra: Is it the end of the road for Shiv Sena and Uddhav Thackeray?
Maharashtra: Is it the end of the road for Shiv Sena and Uddhav Thackeray?

The party, which was once a regional powerhouse, is now fighting for its existence.

Should You Think About Buying CPPGroup Plc (LON:CPP) Now?
Should You Think About Buying CPPGroup Plc (LON:CPP) Now?

CPPGroup Plc ( LON:CPP ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Will Celebrities Have The Same Effect on Big Eyes (BIG) as they did with Binance Coin (BNB) and Cardano (ADA)?
Will Celebrities Have The Same Effect on Big Eyes (BIG) as they did with Binance Coin (BNB) and Cardano (ADA)?

In a current bear market, it is difficult and daunting for buyers to find viable crypto purchases.

Lenskart in $400 Million Deal to Create Asian Eyewear Giant
Lenskart in $400 Million Deal to Create Asian Eyewear Giant

(Bloomberg) -- Lenskart is buying a majority stake in Japan's Owndays Inc. in a deal that will create one of Asia's biggest online retailers of eyewear.Most ...

Grayscale sues SEC over spot Bitcoin ETF rejection
Grayscale sues SEC over spot Bitcoin ETF rejection

Grayscale Investments filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) within an hour of the markets regulator rejecting an...

Is Braime Group PLC
Is Braime Group PLC's (LON:BMT) Recent Price Movement Underpinned By Its Weak Fundamentals?

It is hard to get excited after looking at Braime Group's (LON:BMT) recent performance, when its stock has declined 17...

Unity lays off 4 percent of its workforce to realign its resources
Unity lays off 4 percent of its workforce to realign its resources

Over 300 employees have reportedly lost their jobs so far.

Samsung Is First to Start Mass Production of 3-Nanometer Chips
Samsung Is First to Start Mass Production of 3-Nanometer Chips

(Bloomberg) -- Samsung Electronics Co. kicked off mass production of 3-nanometer chips that are more powerful and efficient than predecessors, beating rival ...

Fans take BYD to task as recall confusion clouds Chinese EV maker
Fans take BYD to task as recall confusion clouds Chinese EV maker's image

Customers of China's BYD Co Ltd, the world's biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a...

Amazon Prime Video
Amazon Prime Video's Watch Party feature is now available on smart TVs and streaming devices

Amazon Prime Video's Watch Party feature, which lets you watch a movie or a TV show together with your friends remotely, is now available on smart TVs, streaming devices like Roku, and gaming consoles like Xbox or PlayStation. Before this expansion, the feature was available on desktops, Fire TV devices, and on the Prime Video app on iOS and Android. Now, you can watch titles with your friends through almost all kinds of devices that support Prime Video.

Pakistan foreign minister calls for easing sanctions on Afghanistan
Pakistan foreign minister calls for easing sanctions on Afghanistan

Pakistan's foreign minister called for an easing of Western sanctions against Afghanistan under the Taliban government, saying the basic functioning of the...

BT Group (LON:BT.A) May Have Issues Allocating Its Capital
BT Group (LON:BT.A) May Have Issues Allocating Its Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

Polar Capital Holdings
Polar Capital Holdings' (LON:POLR) Shareholders Will Receive A Bigger Dividend Than Last Year

Polar Capital Holdings plc ( LON:POLR ) has announced that it will be increasing its dividend on the 29th of July to...

H&M Is About to Go Big With AI
H&M Is About to Go Big With AI

H&M will soon reveal its secret weapon to fight supply chain woes and unite the business, from front to back, with data: Google Cloud.

A Look At The Fair Value Of Trakm8 Holdings PLC (LON:TRAK)
A Look At The Fair Value Of Trakm8 Holdings PLC (LON:TRAK)

In this article we are going to estimate the intrinsic value of Trakm8 Holdings PLC ( LON:TRAK ) by taking the expected...

UAE Partners With Startup Deel to Expedite Foreign Worker Visas
UAE Partners With Startup Deel to Expedite Foreign Worker Visas

(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergTrump's Final Scene Didn't Go ...

RBI Battles Against Rupee Slump With Multi-Pronged Strategy
RBI Battles Against Rupee Slump With Multi-Pronged Strategy

(Bloomberg) -- India's central bank is fighting on several fronts to slow the rupee's decline to fresh records, with little respite in sight.Most Read from...

JPMorgan Says Crypto
JPMorgan Says Crypto's Deleveraging Cycle Won't Last Much Longer

(Bloomberg) -- The current phase of deleveraging in cryptocurrencies is at an advanced state and may not last much longer, according to JPMorgan Chase...

Samsung begins production of advanced 3nm chips
Samsung begins production of advanced 3nm chips

Samsung Electronics became the first chipmaker in the world to mass produce advanced 3-nanometre microchips, the company said Thursday, as it seeks to catch ...

OpenSea Reports Email Data Breach
OpenSea Reports Email Data Breach

An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party...

GetVantage offers revenue-based financing to India
GetVantage offers revenue-based financing to India's founders

The Mumbai-based startup announced today that it has raised $36 million led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors...

A US-backed global task force says it has frozen more than $330 billion of assets from Russian oligarchs and the country
A US-backed global task force says it has frozen more than $330 billion of assets from Russian oligarchs and the country's central bank in 100 days

Yachts seized include the Amadea, a $300 million vessel linked to Russian billionaire Suleiman Kerimov, and the $90 million Tango.

North Korea may be behind new $100 million cryptocurrency hack, experts say
North Korea may be behind new $100 million cryptocurrency hack, experts say

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital...

US Hypersonic Missile Fails in Test in Fresh Setback for Program
US Hypersonic Missile Fails in Test in Fresh Setback for Program

(Bloomberg) -- A flight test of a hypersonic missile system in Hawaii ended in failure due to a problem that took place after ignition, the Department of...

Philippines to swear in new leader as Duterte leaves
Philippines to swear in new leader as Duterte leaves

Ferdinand "Bongbong" Marcos Jr will succeed Rodrigo Duterte after a historic election win in May.

Services, manufacturing rebound in China after Covid curbs eased
Services, manufacturing rebound in China after Covid curbs eased

China's factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such...

Three Arrows Capital lines up for liquidation
Three Arrows Capital lines up for liquidation

Crypto hedge fund Three Arrows Capital (3AC) has been ordered to liquidate as plummeting crypto prices left the firm unable to repay creditors, Sky News...

Grayscale Investments Suing SEC After Its Bitcoin ETF Rejected
Grayscale Investments Suing SEC After Its Bitcoin ETF Rejected

(Bloomberg) -- Grayscale Investments said it had sued the US Securities and Exchange Commission after the agency rejected a bid to convert its Bitcoin trust ...

What did Jan. 6 witness Cassidy Hutchinson say about Trump? How does it compare to other evidence?
What did Jan. 6 witness Cassidy Hutchinson say about Trump? How does it compare to other evidence?

Trump and allies are pushing back on Hutchinson's statements that could be used to make criminal charges against the former president and his aides.

Euro under pressure as inflation fears send investors to dollar haven
Euro under pressure as inflation fears send investors to dollar haven

The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent U.S. dollar, which benefited from safe-haven demand on...

Russia steps up attacks in Ukraine after landmark NATO summit
Russia steps up attacks in Ukraine after landmark NATO summit

Russia pressed on with its offensive in eastern Ukraine on Thursday after NATO branded Moscow the biggest "direct threat" to Western security and agreed...

Amazon tests new survey program to learn more about employee sentiment

The new trial survey is part of a suite of programs Amazon uses to potentially identify employees who are at high risk of leaving.

Gorsuch fumes after Supreme Court strips tribal authority in Oklahoma

Gorsuch's dissenting opinion came as the nation's highest court handed more power to states over Native American lands.

Wes Chapman, founder of The Human Gathering, is accused of scamming

Dog the Bounty Hunter's son Wes Chapman recruited celebs like Dr. Drew and Rainn Wilson and said he saved thousands of lives. But the truth is a little bit more complicated.

Abortion Ruling Puts User Data Privacy in Focus. Here’s What to Know.

Internet search history, text messages and location data could take on new significance for people seeking information about abortion services after the overturning of Roe v. Wade.

Tesla tracking employees who haven't 'badged in' to office: email

On Tuesday, a Tesla employee posted a screenshot of an automatic email from Tesla on the tech platform Blind.

Russia’s War in Ukraine Drives Gains in NATO Weaponry

The alliance’s former East Bloc members are getting new, modernized arsenals to replace former Soviet weapons they sent to Ukraine, honing NATO’s ability to face off against Russia.

Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge

Bed Bath & Beyond replaced Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want.

After Roe, conservatives pressuring GOP to support child benefits or risk backlash

The GOP opposed Biden's economic agenda, and a Trump effort to get paid leave through Congress fell flat. Some conservatives want to reverse course.

There's a 'clock running' on inflation turning permanent: Fed's Powell

Thinking supply chains would quickly heal was something the Fed got wrong, Powell said Wednesday. Now there's a "clock running" to cool inflation.

Behind the Celsius Sales Pitch Was a Crypto Firm Built on Risk

Celsius CEO Alex Mashinsky built his cryptocurrency lender on a pitch that it was better than a bank. But investor documents show it had far more risk than a traditional lender.

Meadows Aide Cassidy Hutchinson Thrusts Trump Chief of Staff Back Into Spotlight

Cassidy Hutchinson testified Mark Meadows sought presidential pardon after Jan. 6, 2021, attack on Capitol by Trump supporters.

The Routine Executive Stock Sales That Raise Questions of Insider Trading

A WSJ analysis of preset trading plans by company insiders shows that executives benefit when sales happen quickly after the plans’ adoption. Academics and the SEC say some corporate insiders might be using nonpublic information to game the system.

Supreme Court Restores Oklahoma’s Prosecutorial Power Over Non-Tribal Prosecutions in Indian Country

The justices partially reverse a 2020 ruling limiting the state’s jurisdiction in land governed by federal treaties.

Powell Says Pandemic Could Alter Inflation Dynamics

The Fed chairman said the pandemic had disrupted the economy in ways that might fuel more inflation or volatility in price pressures that could complicate how central banks manage economic growth.

I just got laid off from Tesla without warning, and my life is uprooted

What started as a hiring freeze progressed to a 3.5% workforce reduction. Quishon Walker details his experience as one of the many who were let go.

Crypto Fund Three Arrows Ordered to Liquidate by Court

A British Virgin Islands court ordered the liquidation of the cryptocurrency hedge fund after creditors sued it for failure to repay debts.

U.S. to Ramp Up Military Presence in Europe to Counter Russia

The U.S. will make its biggest military expansion in Europe in decades, including a permanent troop presence in Poland, as NATO prepares for two more members to join the alliance in response to Russia’s invasion of Ukraine.

Business travelers are driving instead of risking canceled flights

People are opting to road trip as air travel disruptions and flight cancellations have escalated throughout the summer.

Bed Bath & Beyond CEO Exits as Sales Plunge

Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want.

Ford’s Talk of New EV-Selling Rules Rattles Some Dealers

Ford Motor is preparing new rules for how it sells electric vehicles, a shift that is concerning some dealers and seen as challenging the traditional franchise model.

Rice Is Saving Asia as Ukraine War Drives Up Food Prices

Unlike wheat and corn, rice has generally been cheaper this year than it was last year—a boon for many Asian countries where it is integral to diets.

Next housing market crisis, price crash could be caused by too many homes

Slowing population growth and a surge in new construction will eventually cause a big, new problem for America's housing market: too many homes.

Five Things You Need to Know to Start Your Day

Tech stock selloff, mixed inflation messages and jarring January 6 testimony.

Behind the Celsius Sales Pitch Was a Crypto Firm Built on Risk

Celsius CEO Alex Mashinsky built his cryptocurrency lender on a pitch that it was better than a bank. But investor documents show it had far more risk than a traditional lender.

A day in the life of star 'Selling Sunset' broker Jason Oppenheim

The LA superagent shares his daily schedule, from meeting with Netflix execs to selling multimillion-dollar mansions to doting on his two chihuahuas.

Cassidy Hutchinson Says Trump Demanded to Be Driven to the Capitol on Jan. 6

Cassidy Hutchinson, a onetime top aide to Donald Trump’s chief of staff testifying before the Jan. 6 panel, said the president was warned that members of the crowd attending his rally on Jan. 6, 2021, were heavily armed and still directed them to march toward the Capitol.

Norway Was a Pandemic Success. Then It Spent Two Years Studying Its Failures.

Why one country wrote a playbook for the rest of the world. ‘Everybody turns up to help and do a job together.’

The iPhone Turns 15 Today. Here’s How It Changed Us.

On June 29, 2007, the first iPhone went on sale. Improvements over the last decade and a half—including sharper cameras and longer battery life—made it hard to put down this popular pocket computer.

FedEx’s New Boss Faces Strategic Choice as Package Volumes Fall

Investors want to see more efficient operations, while ground-delivery contractors are pressing for financial help.

Liquid Alt Funds Head for Record Inflows as Stocks and Bonds Drop

With performance of the funds varying widely and fees ranging from 0.5% to 3%, investors are reminded to be careful about due diligence.

Ukraine-Russia Latest News: Biden Says Ukraine War Has Unified NATO

Full coverage of Russia’s invasion of Ukraine and the NATO summit

Hillary Clinton, who has known Clarence Thomas since law school, says he is a 'person of grievance'

Thomas wrote in a concurring opinion with the repeal of Roe v. Wade that the Court should also "reconsider" birth control, gay marriage, and gay sex.

Report: Tesla laid off about 200 people in Autopilot unit

Bloomberg reported Tuesday that Tesla let go of roughly 200 Autopilot employees amid other job cuts at the electric vehicle company.

Eleven Madison Park owner responds to investigation

Celebrity chef Daniel Humm said he scrapped plans to pay workers a "living wage" of $20/hr because they "didn't feel comfortable" raising menu prices.

Jan. 6 live: Trump defended Capitol rioters chanting to hang Pence, ex-aide testifies

The House select committee is investigating the Capitol riot and the role Donald Trump and his allies played in trying to overturn the 2020 election.

Ukraine has lost more troops than there are in the British army: expert

Defense expert Jack Watling said Ukraine has lost more soldiers in the four months since Russia's invasion than there are infantry in the British army.

Chinese EV battery can provide 620 miles of driving range

CATL's next-generation battery, called the Qilin, has a greater energy density than the company's previous packs.

Leaked documents say Cerebral harmed patients seeking mental-health care

Cerebral wanted to change mental-health care. Instead, it took on patients it couldn't handle and pushed its providers beyond their expertise.

Hedge Funds Are Betting Japan Can’t Keep Rates Low Much Longer

Interest rates are rising around the world and the Japanese yen is getting pummeled, and yet the Bank of Japan has remained steadfast in its commitment to keeping its benchmark yield as low as ever. A growing number of hedge funds are certain it can’t hold out much longer, selling short the yen or betting against Japanese bonds. If they’re right, it suggests worldwide rates will rise further still, adding stress to economies that are already sputtering. On a broader level, it would signal an end

The Dollar’s Exchange Rate Is Hurting Emerging-Markets Currencies

The dollar has surged, pushed higher by investors searching for protection against disappointing stocks and bonds. But it is weighing on emerging-markets currencies and spurring inflation fears.

Ukrainian Rescuers Search for Survivors After Russian Missile Strikes Mall

Search efforts continued in Kremenchuk, Ukraine, the day after it was struck by Russian missiles, as Western leaders vowed fresh measures to increase economic pressure on Moscow to call off its forces.

Bayraktar firm refuses $20M, says it will donate drones to Ukraine

Baykar, which makes the Bayraktar TB-2, turned down $20 million and said it would send three drones to Ukraine's front line for free.

Netflix Disrupted Entertainment With Binge Viewing. Now Can It Avoid Disruption Itself?

With the final two episodes of ‘Stranger Things,’ Netflix may offer a business lesson in how to respond when the conditions of a company’s early success change

Elon Musk Has Twitter’s Data, but Getting Answers on Spam Accounts May Be Tougher

Elon Musk has access to the Twitter data that he said was needed to complete his deal, but data scientists and specialists doubt the stream will provide the conclusive answers he seeks about phony accounts.

A Bull and a Bear Agree on a Rally, But How Long Will It Run?

JPMorgan’s Marko Kolanovic and Morgan Stanley’s Michael Wilson both see room for the S&P 500 to rise further. How durable is the bounce?

WSJ News Exclusive | Municipal Bonds Increasingly Held by Funds Instead of Individuals

The share of outstanding municipal bonds held by U.S. households fell to 40% in the first three months of the year from 46% in 2020, according to a Municipal Securities Rulemaking Board report. aggravating volatility in munis this year

G-7 Meeting to Conclude With Focus on China

The U.S. and other leading countries are set to conclude a summit with an agreement to focus on the rising challenges posed by China, even as Russia’s war in Ukraine was the most urgent concern of the gathering.

At Least 46 Found Dead in San Antonio in Suspected Migrant Smuggling Operation

The 46 people found dead in a tractor trailer are believed to be migrants who were being transported to the U.S., in what officials say appears to be the deadliest such incident ever in the country.

Stock Futures Rise as China Eases Covid-19 Lockdowns

U.S. stock futures and Asian indexes gained as investors assessed the impact that China’s loosening Covid-19 restrictions would have on global supply chains.

Great Resignation spurs tech companies to move high-paying jobs abroad

A shortage of US applicants and the rise of remote work are driving Silicon Valley to try something new: offshoring engineering jobs to developing economies.

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