Bad weather, not rising demand, was main reason for CPI beat Core CPI rose least since January in gloomy sign for economy China’s consumer prices rose more than expected in July, largely due to seasonal factors like weather, leaving intact concern over sluggish...

Total swells to $6.19 trillion in week to Aug. 7: ICI Government fund inflows fuel increase, rising to $5 trillion Money-market fund assets rose to a fresh record as a global selloff in risk assets earlier in the week sent investors flying into cash. About $52.7...

Executives say deal market is back ahead of expected rate cut Firms under pressure to return money to fund investors The biggest publicly traded alternative asset managers have more than a half-trillion dollars to put to work — and they’re gearing up for a deals...

Investors valued the startup at $900 million in its latest funding round.  Flyr, a travel startup that provides software to companies including JetBlue Airways Corp., has raised $295 million in equity and debt in a new funding round. The deal, led by WestCap, values...

Company projects 1% to 2% revenue growth, down from 8% to 11% Dating firm ties lower outlook to ‘reset’ of growth strategy Bumble Inc.’s shares took a record plunge on Thursday after the dating company slashed its annual revenue outlook, signaling that an overhaul of...

Bank follows Goldman Sachs in raising risk of a downturn US news suggests ‘early signs of labor shedding,’ bank says JPMorgan Chase & Co. now sees a 35% chance that the US economy tips into a recession by the end of this year, up from 25% as of the start of last...

Flagship fund buys Amazon, AMD, Roku amid market selloff ARKK fund has declined more than 20% since the start of 2024 Cathie Wood scooped up shares of tech firms caught in crushing market rout, just as her flagship fund sank to a new 2024 low. Wood’s ARK Innovation...

More customers coming from $100,000 households, Dine CEO says Restaurants are racing to create new low-cost menu items Wealthier Americans are visiting IHOP and Applebee’s more often, and they’re looking for deals on their pancakes and wings. Dine Brands Global Inc.,...

Share of openings in large central metros down to 38% from 46% Health care jobs rise in prominence relative to software jobs The pandemic changed where Americans are likely to live and work, with a growing portion of job openings moving away from the biggest cities...

Copper headed for its lowest close since March as stockpiles surged by the most in four years, underscoring weak demand in Asia. The 42,175-ton inflow took inventories on the London Metal Exchange to the highest level since 2019, with the material flooding into sheds...

The UK suffered the worst outbreak of rioting in over a decade, sparked initially by the murder of three young girls in northwest England before morphing into anti-immigrant and racist violence in towns and cities across the country. Prime Minister Keir Starmer has...

Worries of US slowdown, AI bubble drive global market rout ‘There are falling knives everywhere,’ one analyst says The numbers flashing on trading screens on Monday were shocking even to market veterans. In Tokyo, the Nikkei was down 12%. In Seoul, the Kospi sank 9%....

Company had replaced its CEO this year, restructured High rates and California subsidy changes have dragged sector After a drawn-out saga involving a restructuring and a management shakeup, one of the most prominent names in US solar, SunPower Corp., has now filed for...

Abnormal Security Corp. raised $250 million in a funding round valuing the startup at $5.1 billion, highlighting investors’ appetite for AI companies trying to reinvent existing technology categories like security. San Francisco-based Abnormal uses AI to protect...