Markets Wrap

Billionaire investor Bill Ackman predicts stubborn inflation - and downplays the risk of a genuine recession

13 minutes ago | Travel

Bill Ackman. Brian Snyder/Reuters Bill Ackman expects inflation to linger until the Fed roughly triples interest rates. The Pershing Square boss downplayed recession fears...
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JPMorgan says Russia's economy is doing much better than expected - and will only shrink 3.5% this year despite Western sanctions

13 minutes ago | Travel

Former McDonald's restaurants have reopened in Russia under a new name. Contributor/Getty Images JPMorgan said Russia's economy is faring much better than expected, despite...
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Copper plunges to its lowest mark in 17-months as the economic bellwether slumps further into a bear market

1 hour ago | Travel

A photograph of a brown bear. Getty Images Copper slipped below $8,000 per ton on the London Metal Exchange, its lowest mark since February 2021. The key metal, which is...
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Boutique brokerage LG Fairmont joins Compass

1 hour ago | Business - News

A boutique brokerage joined Compass last month, bringing its 60-person team to the brokerage giant. LG Fairmont is changing its name to LGF at Compass and will hand over a cut...
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Hacker Offers to Sell Chinese Police Database in Potential Breach

1 hour ago | Business - News

For about $200,000, an unidentified person or group is offering what is described as data on a billion Chinese citizens. A sampling seemed to show the data to be genuine.
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Lululemon to enter the Spanish market with two stores and dedicated ecommerce platform

1 hour ago | Fashion

Image: Lululemon Athletica Lululemon Athletica Inc. plans to open two new stores and a local ecommerce site in Spain. With the company's "Power of Three x 2” growth plan, which...
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Citigroup says oil prices could tumble to $65 by the end of the year if a recession whacks demand

2 hours ago | Travel

Oil prices have jumped almost 50% this year. Zuzana Gogova/Getty Images Oil prices could crater to $65 a barrel by the end of the year if an "increasingly likely" recession...
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Russia warns of fate of Western arms sent to Ukraine

2 hours ago | News | 2 articles

A number of the weapons end up in the Middle East and on the black market, Russian Defense Minister Sergey Shoigu said Some of the weapons provided by the West to Ukraine end...
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Bourjois returns to UK market following 2019 exit

2 hours ago | Luxury - Fashion

Image: Bourjois Beauty French cosmetics brand Bourjois has returned to the UK in an exclusive partnership with Superdrug, after Coty pulled the brand from the UK in December...
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Luxury brands are back to pre-pandemic growth levels, with APAC driving sales

2 hours ago | Luxury - Fashion

Image: State of Art Luxury apparel will recoup its losses from the pandemic this year, according to a new report by Research and Markets. The growth in sales is largely driven...
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What to look for in a telescope deal for Amazon Prime Day

Amazon Prime Day runs from Tuesday July 12 to Wednesday July 13 but how do you know what to look for in a telescope deal? Read more ...

The fight to fund abortions in post-Roe America

In post-Roe America, money is even more determinative of who can get an abortion and who can't. Abortion funds are trying to close the gap, but they are now forced to navigate... Read more ...

Russia warns of fate of Western arms sent to Ukraine

A number of the weapons end up in the Middle East and on the black market, Russian Defense Minister Sergey Shoigu said Some of the weapons provided by the West to Ukraine end... Read more ...

White Sox cancel fireworks after July 4 shooting spree

Six people were killed and 30 left injured by the shootings MLB team the Chicago White Sox contacted the league about postponing their meeting with the Minnesota Twins after a... Read more ...

1 dead, 4 wounded in Kenosha shooting

KENOSHA, Wisc. - One person was killed, four others were wounded in a Fourth of July shooting in Kenosha. Around 10:20 p.m. Monday, police responded to the 6300 block of 25th... Read more ...

July 4 parade shooting leaves 6 dead, 30 hurt; man detained

HIGHLAND PARK, Ill. - A shooter fired on an Independence Day parade from a rooftop in suburban Chicago, spraying the crowd with gunshots initially mistaken for fireworks before... Read more ...

NATO poised to sign accession protocols for Sweden, Finland

BRUSSELS - The 30 NATO allies are set to sign off on the accession protocols for Sweden and Finland on Tuesday, sending the membership bids of the two nations to the alliance... Read more ...

Griner issues direct plea to Biden in Russian drugs case

Brittney Griner has been in Russian custody since February Detained women's basketball star Brittney Griner has told US President Joe Biden that she fears she will be behind... Read more ...

Norway oil and gas output cut due to strike

A protest of offshore workers may cost as much as 13% of the country's total natural gas production by Wednesday Norway, a leading European supplier of hydrocarbons, is... Read more ...

Griner sends letter to President Biden pleading for his help

Brittney Griner made an appeal to President Joe Biden in a letter passed on to the White House through her representatives saying she feared she may never return home and... Read more ...