The Federal Reserve’s preferred measure of inflation will fall below 3% by the end of next year as supply constraints ease, the cost of housing falls and the labor market Read more
Category: Top Stories
‘What. H.’ — Sam Bankman-Fried’s latest tweets spark scorn as well as concern
The latest message from former FTX chief executive Sam Bankman-Fried left onlookers puzzled and alarmed after the swift decline into bankruptcy for the cryptocurrency exchange he founded. In successive tweets, Read more
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
Rheinmetall AG RHM, -1.20% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which is Read more
Roche says Phase 3 studies for Alzheimer’s drug failed to meet primary endpoints
Roche Holding AG said Monday that Phase 3 Graduate studies of gantenerumab, for treatment of early Alzheimer’s disease, failed to meet its primary endpoints. The Swiss pharma company ROG, -3.72% Read more
Chinese Real-Estate Stocks Surge on Rescue Measures
By Bingyan Wang and Yifan Wang Shares of Chinese property stocks are soaring in early trade amid reports that Beijing officials have signed off on sweeping measures aimed at aiding Read more
Bank of Japan’s Kuroda again cautions against sharp yen weakness
Bank of Japan Gov. Haruhiko Kuroda on Monday reiterated his caution about rapid yen USDJPY, +0.21% weakness and promised to maintain close coordination with the government. “Rapid movements in currencies Read more
SoftBank Group shares fall after disappointing second-quarter results
SoftBank Group Corp. 9984, -13.33% shares fell sharply Monday morning after the Japanese technology investment company posted disappointing second-quarter results and failed to announce additional share buybacks. The shares were Read more
Twitter reportedly slashes more jobs, laying off thousands of contractors
Twitter laid off a large portion of its contract workforce over the weekend, according to multiple reports. Platformer’s Casey Newton first reported the layoffs Saturday, and said Sunday that about Read more
Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data point,” Read more
Sen. Ed Markey fires back at Elon Musk: ‘Fix your companies. Or Congress will.’
Twitter owner and Chief Executive Elon Musk continued to antagonize his critics Sunday, drawing the ire of a powerful senator who sits on the Commerce committee. On Friday, Sen. Ed Read more