Morning News: August 21, 2023

China Central Bank Cuts Key Interest Rate on Bank Lending

Run It Cold: Why Xi Jinping Is Letting China’s Economy Flail

As China Falls Into Deflation, the Mood Turns Dark

China Is on Edge as Fallout From Its Real Estate Crisis Spreads

Chinese E-Commerce Giants Pivot to Selling Inexpensive Goods

JPMorgan Sees Japan’s Threshold for Yen Intervention at Around 150 Yen per Dollar

The Unbearable Nothingness of Yield Curve Inversion

Why the Era of Historically Low Interest Rates Could Be Over

The Fed Can’t Celebrate at Jackson Hole Just Yet

New York and California Each Lost $1 Trillion When Financial Firms Moved South

Why PayPal’s Stablecoin Is Likely to Succeed Where Facebook’s Libra Failed

Arm Listing Set to Be Turning Point for IPO Market, SoftBank

Bond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone Bad

Wall Street All-Stars Including Weinstein, Ackman Bid for Hedge Fund

Borrowers With $39 Billion in Student Loans Finally See Relief

Retailers Are Fleeing Downtown San Francisco. IKEA Is Moving In

The US Mall Is Not Dying

Cargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel Burn

Kraft Heinz Sees a $25 Billion Opportunity—in Schools

Meta’s Threads App to Launch Web Version as Rivalry With X Enters New Stage

Elon Musk Admitted X ‘Might Fail’—then the Social Network Accidentally Removed Swathes of Historic Content, Including Ellen’s Oscars Selfie that Broke Twitter

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Posted by on August 21st, 2023 at 7:02 am


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