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Don’t Bet Against the American Consumer Now

September 14, 2023 / no comments

Consumer spending is powering the economy in what looks like a very strong quarter. Unless the job market cracks, it won’t buckle.

Lazard’s New Boss Lays Out Strategy

September 14, 2023 / no comments

Peter Orszag, who will take over as CEO next month, aims to double the firm’s revenue by 2030 and hit average total shareholder returns of 10% to 15% a year.

MDMA Therapy for PTSD Inches Closer to U.S. Approval

September 14, 2023 / no comments

Results of a new study may offer regulators enough evidence to allow the psychedelic, also known as Ecstasy, to be considered for use as a PTSD treatment.

Europe’s EV Troubles Run Deeper Than China

September 14, 2023 / no comments

Tariffs alone aren’t enough to keep Europe’s automakers in the fast lane.

European Central Bank Raises Rates for a 10th Time

September 14, 2023 / no comments

In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.

People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending

September 14, 2023 / no comments

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

Arm’s IPO Will Test Market Appetite for New Stock Offerings

September 14, 2023 / no comments

The chip designer will begin trading on Thursday, in the biggest listing of the year. Investors hope it will rejuvenate demand for new stock offerings.

Strong Dollar Cuts Into Companies’ Overseas Revenue

September 14, 2023 / no comments

Apple, UPS and others say the currency’s gains are hurting profit margins as goods become more expensive for customers abroad.

Instacart Was All About Grocery Delivery. No Longer.

September 14, 2023 / no comments

As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.

Instacart’s Grocery Partnerships Are No Free Lunch

September 14, 2023 / no comments

The delivery company’s success depends on how happy its supermarket customers are.

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