Investors in the U.S. stock market are facing a period of uncertainty as inflation shows signs of cooling. Despite softer-than-expected inflation readings for June, concerns about growth cooling persist. The Consumer Price Index (CPI) grew at a slower rate than anticipated, with headline CPI increasing by 3% year-on-year and core CPI growing by 3.3%. As
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The upcoming Paris Olympics have undoubtedly brought great joy to over 10,000 athletes who have the honor of competing. However, the same cannot be said for potential tourists. Delta Air Lines reported a significant decrease in travel to the city of Paris this summer, resulting in a staggering $100 million loss for the airline. CEO
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EU antitrust regulators have recently accepted commitments from Apple to grant access to its tap and go payments technology to competitors, following a four-year investigation. This decision marks a significant milestone in the efforts to promote competition and innovation in the mobile payments industry. The European Commission launched an inquiry into Apple Pay in 2020,
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China has been making significant progress in the development and deployment of robotaxis in recent years. Local Chinese governments, from Beijing to Guangzhou, have been allowing domestic players to operate robotaxi rides for the public. This has led to a surge in the popularity of robotaxis, with videos about fully autonomous driving taxi experiences becoming
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Following England’s dramatic victory in the European Championship semi-final, the City is likely to be buzzing with excitement. However, the euphoria from Ollie Watkins’ stoppage-time strike sending England into the final against Spain has not overshadowed the ongoing challenges in the financial markets. While celebrations are in order, investors must remain vigilant as the battle
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Recently, U.S. bank regulators decided to fine Citigroup a total of $136 million due to the bank’s failure to adequately address data management issues that were originally identified in 2020. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) jointly took this enforcement action, emphasizing the importance of Citigroup improving its
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The Federal Trade Commission (FTC) is gearing up to file lawsuits against three major U.S. health companies for their practices as middlemen who negotiate prices for medications like insulin, claiming that these practices drive up costs for patients. The companies in the spotlight are UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts,
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