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The Federal Reserve held interest rates steady for the fifth consecutive time, with Chair Kevin Warsh stating there is no quick fix to reduce inflation, which remains elevated above the Fed’s 2% target.
UK house prices rose just 0.1% in July as buyer caution over interest rates and geopolitical tensions dampened activity during the traditional peak selling season.
Major consumer companies are increasingly staying private longer, with fewer IPOs occurring since 2021’s record year. Access to private capital and secondary markets have reduced the urgency for companies to pursue public offerings.
Ben Cohen is campaigning to free Ben & Jerry’s from parent company Magnum, citing loss of independent governance and suppression of social activism around Palestine.
Major oil companies reported record or near-record quarterly profits as Middle East conflicts disrupted crude supplies, prompting calls from lawmakers for windfall taxes on the industry.
Adani’s Queensland coalmine generated nearly $1 billion in revenue but paid no company tax by offsetting earnings with production and logistics expenses, raising questions about foreign entity tax structures.
