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China's Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer to the end of its
Consumers to Face New Limits on Short-Term Health Insurance
The Biden administration’s proposed rule would restrict plans to a few months in an effort to protect Obamacare. Source link
Rebound in Rates Puts Pressure on Banks
U.S. banks are poised for a rebound in unrealized losses on their bond and loan portfolios, after a surge in market interest rates. Source link
Obesity Drugs Won't Starve These Other Potential Blockbusters
Stocks of developers of fatty liver disease treatments had been on a tear until results from Eli Lilly’s medication were published last week. Source link
Stocks Slip as Fed Minutes Reinforce Rate Expectations
Major stock indexes edged lower after the release of the Federal Reserve’s June meeting minutes and weak economic data out of China. Source link
Desire for Interest on Deposits Is Bad for Main Street Banks
Community banks expected the Fed’s interest-rate increases to help them, but instead they are hurting. Source link
Goodbye, Volkswagen: China's New EV Winners
The new top dogs in China’s electric vehicle market are starting to thin out the pack. Tesla is in the running, but most other foreign
As Greedflation Starts to Fade, Wageflation Creeps In
Softer demand, more supply and rising labor costs all take the air out of profit margins. Source link
New York State Built Elon Musk a $1 Billion Factory. ‘It Was a Bad Deal.’
Listen to article (2 minutes) BUFFALO, N.Y.—New York spent nearly $1 billion over the past decade on Elon Musk’s ambitious plan for what was supposed