Tether Says Massive Reserves Held in Investment-Grade Commercial Paper Tether released the most-detailed version yet of the assets backing its widely used digital currency, seeking to address regulator concerns that it hasn’t in the past disclosed enough about the currency’s underpinnings.
Solve All Murders Defund the police is a bad idea and a terrible slogan. Conor Friedersdorf argues for a better policy and a better slogan, Solve All Murders. He quotes, Jill Leovy, author of Ghettoside:
Student Loan Payment Suspension: What the Extension Means for Borrowers Here are the details on the extension, who will benefit and what lies ahead when it comes to student-debt legislation.
China Is SoftBank's Biggest Problem Now Chinese tech companies have been SoftBank’s bread and butter. But with the party over in Beijing, the company will now have to prove it can deliver big investment returns without Chinese Big Tech.
Pinterest Needs a Status Update The end of Covid-19 fever dreams proves a bit of a nightmare for Pinterest.
Zynga Will Need to Beat Apple at Its Own Game The mobile-game maker’s damaged stock is unlikely to recover until it shows it can adapt to iOS changes.
EUR/USD Tumbles Into Multi-Month Support After German ZEW Data Disappoints The latest ZEW economic sentiment data has pushed EUR/USD back towards multi-month lows with little near-term support seen.
A Surge in Wireless Subscribers Makes Analysts Wonder Population growth and more devices in the hands of users don’t fully explain what amount to U.S. carriers’ biggest gains in nearly a decade.
Port of Miami to Sell $1.4 Billion in Muni Bonds Miami-Dade County will sell debt backed by revenue from Port of Miami, a pandemic high and a sign of investors’ demand for local government debt.
AMC, Moderna, Kansas City Southern: What to Watch When the Stock Market Opens Today AMC Entertainment jumps after earnings; vaccine makers extend gains .
Heads up: Fed speakers later in the day Mester and Evans are on the agenda today Here is the schedule: 1400 GMT - Cleveland Fed president, Loretta Mester, speaks Mester will be delivering opening remarks (estimated for ~5 minutes) at an hosted by her central bank on "Inflation Risk in the Short and Medium Term: US vs.
Tobacco giant Philip Morris in auction showdown to buy asthma firm Philip Morris is locked in a £1bn battle with private equity firm Carlyle over drugmaker Vectura.
Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling How Uber keeps pumping hot air into a financially flaccid business.
How to Unlock the Equity in Your Home With the values of homes surging, U.S. homeowners have record amounts of equity available to them. Here are a few ways to cash in.
US July NFIB small business optimism index 99.7 vs 102.5 prior Latest data released by NFIB - 10 August 2021
Fanatics Valuation Rises to $18 Billion as It Plans to Expand Sports Offerings Fanatics raised a new round of funding valuing the online sports-merchandise retailer at $18 billion, people familiar with the matter said, roughly tripling its valuation from a year ago.
Powell reportedly faces growing resistance for second term as Fed chair It will boil down to either Powell or Brainard for top dog at the Fed The latest story by the WSJ says that while Biden's economic team is generally supportive of Powell sticking around for a second term as Fed chair, some Democrats are pushing for a central banker more in sync with the party's priorities.
Delta Variant Concerns Temper Dining's Summer Return Restaurants that survived waves of closures last year had headed into the summer optimistically as many occupancy limits were lifted. But individual operators and industry data now point to a more mixed picture.
DAX 30 Rejected Again at 15,800; ZEW Sentiment Slumps on Gloomy Outlook The DAX 30 struggles to build demand as sentiment sours on rising Delta variant in the US and China
Chinese Bond Swings Threaten Global Debt Investors Turmoil in China is spreading beyond emerging-markets specialists to conventional bond funds that bought debt from the country’s companies in recent years.
Millions of Americans Are Unemployed Despite Record Job Openings The number of available jobs since May has outnumbered Americans looking for work. One factor is a mismatch between where people want to work and which industries are hiring.
SoftBank’s big profit report hints at potential trouble ahead. Beijing’s scrutiny of Chinese technology companies could hurt the conglomerate’s investment income.
A Bet on the Cheap, Green, Geopolitical Future of Batteries The battery business is poised to grow in the 21st century as oil did in the 20th: fast and geopolitical. Freyr Battery is on the right side of both trends.
Germany August ZEW survey current conditions 29.3 vs 30.0 expected Latest data released by ZEW - 10 August 2021 That is alluding to increasing risks for the German, amid concerns of the spread of the delta variant ahead of autumn and also a potential slowdown in China.