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Governments in China are Propping Up Hong Kong's Ailing IPO Market
Municipalities and state-backed investors that want to drum up more economic activity are buying shares in companies going public. Source link
Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
The bank also took impairments related to real-estate investments, much of it tied to office properties. Source link
Jailed Crypto Tycoon's Company Appoints CEO
Terraform Labs has tapped Chris Amani to run the company as co-founder Do Kwon faces charges of fraud. Source link
U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback
Japan’s currency has surged against the dollar this month. Central bank moves look set to boost it further. Source link
Stubborn Inflation Means More Pain for the U.K.
Consumer prices in the U.K. continue to rise at a faster rate than in most other rich countries, threatening fresh hardship for millions of voters
Microsoft Shows AI Won't Be a Loss Leader
The software company’s pricing of its Copilot AI tool came in well above projections. Source link
Tesla to Report Second-Quarter Earnings Fueled by Sales Growth
Analysts are looking to see the impact of price cuts on the EV maker’s bottom line. Source link
Victims of Cyberattack on File-Transfer Tool Pile Up
The list of companies hit by a cyberattack on a widely used software tool continues to expand and several victims have filed lawsuits alleging mishandling
Homeowners Don't Want to Sell, So Home Builders Are Booming
High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was
Antitrust Enforcers Issue Blueprint for Challenging More Mergers
Draft guidelines target deals involving technology platforms, private-equity practices and harm to workers. Source link