Tiger Global Says Ex-Employee Launched ‘Misinformation Attacks’
Tiger Global Management said it has been targeted by a “series of misinformation attacks” over the past several months and that it believes a disgruntled former employee is to blame.
Bloomberg Business
Instacart Files for IPO Revealing Profit, PepsiCo Investment
Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings.
Biden Wants Congress to Fund New Covid Shots for All Americans
President Joe Biden said the White House would request additional money from Congress to fund the next round of coronavirus vaccine shots.
Stock Rally Has a Ways to Go Before Americans Feel Rich Again
Stocks weathered the Jackson Hole confab to rebound this week. But for bulls looking to be made whole after last year’s shellacking, the road back is longer than they realize.
Powell Pushes Dollar to Longest Weekly Win Streak in 15 Months
The greenback climbed while US Treasuries slipped after Federal Reserve Chair Jerome Powell said policymakers are prepared to raise interest rates further if needed in the fight to reign in inflation.
Spain Footballers Won’t Play Until Chief Ousted Over Kiss
The members of Spain’s champion women’s national team said they would refuse to play another game until the leader of the football federation is removed for kissing a teammate without her consent.
Permian Shale Drilling Shrinks at Fastest Pace in Three Years
Explorers in the Permian Basin pulled back on rig use at the fastest pace in three years as the world’s most prolific shale basin shrinks amid consolidation and the slow return in oil demand.
Marathon to Shut Third-Largest US Oil Refinery After Storage Tank Fire
Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank.
Stocks Climb After Fed’s ‘No Alarms, No Surprises’: Markets Wrap
Stocks rose as traders sifted through a raft of remarks from Federal Reserve speakers, with Jerome Powell saying officials “will proceed carefully” on whether to raise interest rates again, while signaling policy will remain tighter for longer.
Cyprus Rejects Chevron’s Development Plan for Aphrodite Field
Cyprus turned down a plan submitted by a Chevron Corp.-led consortium to develop the country’s Aphrodite gas field, Energy Minister Giorgos Papanastasiou said.