TikTok U.S. exec’s departure sets up leadership shuffle, Musk and Zuckerberg call for a cage fight, and other news to start your day.
Long readTikTok U.S. exec’s departure sets up leadership shuffle, Musk and Zuckerberg call for a cage fight, and other news to start your day.
Long readA body of evidence exists from states that banned race-conscious admissions, writes Harry J. Holzer.
Long readThe company’s app and website facilitate transactions between Americans and more than 80,000 suppliers, most of them Chinese.
3 minThe Federal Reserve chairman told lawmakers the central bank is close to wrapping up its policy tightening campaign but likely has more work to do.
3 minMichelle Bowman outed herself as part of the majority of FOMC members who believe additional rate hikes will be needed to bring down inflation.
3 minPreviously owned homes were sold at a seasonally adjusted annual rate of 4.3 million in May, a roughly 20% drop year over year.
2 minIndian Prime Minister Narendra Modi and President Joe Biden look to deepen their ties during Modi’s visit to the U.S.
3 minThe outlook for emerging markets is dour, but a select group is set to benefit from structural tailwinds, writes Ali Hussain. Meet the Next Gems.
Long readThe bigger move contrasts starkly with the Federal Reserve's skip this month.
2 minA federal judge will hear arguments over the Federal Trade Commission's request for an injunction against the deal on Thursday.
1 minFTC says Amazon ‘tricked’ people into joining Prime, Lab-grown ‘cultivated chicken’ products head to restaurants, home sale inventory dwindles as higher rates discourage sellers, and other news to start your day.
Long readThe broad recession some experts predicted has yet to happen, strategist Ed Yardeni says. Sectors that ran into trouble earlier are now strengthening.
4 minThe commission says the e-commerce company tricked some people into signing up for Prime — and made it difficult to cancel the service.
4 minOversight was in focus as two Fed governors testified before the Senate.
3 minA week after central bank officials opted to skip a rate hike, the Fed chair tells lawmakers it "may make sense" to raise interest rates further.
4 minThe labor market looks healthy based on analysis of initial unemployment claims, writes Anthony Chan.
3 minThe hope is that China and the U.S. fence off the most contentious areas that fall under national security but engage economically elsewhere, analysts say.
4 minThe SEC has rejected the creation of exchange-traded funds that own Bitcoin. There are two potential reasons why it could happen this time, however.
3 minA seasonally-adjusted 1.4 million homes were for sale in May, Redfin says. That's the lowest count since 2012, according to the brokerage's records.
3 minIndian Prime Minister Narendra Modi's visit to the U.S. is an opportunity to drive better energy investments, writes Sumant Sinha.
4 min