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Why Fitch's Downgrade Matters
U.S. debt is in much riskier territory than when S&P lowered its rating in 2011. Source link
Japanese Carmakers See Next Few Years as Fight for Survival in China
What to Read Next Source link
China Slips Into Deflation in Warning Sign for Global Economy
China entered deflationary territory for the first time in two years, pressuring Beijing to avoid a deepening economic malaise. Source link
Jeff Bezos’ Blue Origin Plots Launch of Its Mega Rocket. Next Year. Maybe.
What to Read Next Source link
NYSE, Nasdaq Battle for New Listings
Nasdaq wins Instacart and Arm, while NYSE snags Birkenstock and Klaviyo. Source link
ESPN Strikes $2 Billion Sports-Betting Deal With Penn Entertainment
Penn’s Barstool Sportsbook app will be rebranded as ESPN Bet this fall as part of a 10-year agreement. Source link
UAW Leader Slams Stellantis for 'Lowball' Bargaining Demands
As auto-industry labor talks intensify, the union president said the Jeep maker is asking for too many givebacks. Source link
WeWork Raises Doubt About Its Survival
WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid
U.S. to Ban Some Investments in China
President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source
A 143-Year-Old Portrait Fuels an Absurd Government Turf War
Two federal agencies claim to be the rightful owners of a painting of the now-obscure Hugh McCulloch Source link