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British Billionaire Joe Lewis Charged With Insider Trading
Prosecutors say the owner of Tottenham Hotspur of tipped off pilots, lovers and associates. Source link
Snap Revenue Falls Amid Efforts to Retool Advertising Business
The owner of Snapchat reported progress in the overhaul of its ads platform but offered a cloudy outlook for the current quarter. Source link
KKR to Sell Audiobook Publisher RBmedia
H.I.G. plans to pay more than $1 billion for the company, including debt, according to people familiar with the situation. Source link
UPS, Teamsters Reach Agreement on New Contract
The five-year labor deal would prevent strike by roughly 330,000 package delivery drivers and package sorters. Source link
New Engines on Hundreds of Airbus Jets Recalled for Inspection
RTX said its Pratt & Whitney engines affected by contaminated metal parts. Source link
Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia
The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. Source link
Biogen to Cut Roughly 11% of Workforce
The biotech cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. Source link
Home Prices Fell Year-Over-Year in May
Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. Source link
Stock Market Shrugs Off Recession Signals as Rally Builds
The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. Source link
The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up.
Listen to article (2 minutes) Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise