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New Definition of ‘Fraud’ Wipes Out High-Profile Prosecutions

August 3, 2023 / no comments

Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s more-narrow legal definition.

If You Thought the Market for Yeezys Was Dead, Think Again

August 3, 2023 / no comments

The Kanye West and Adidas partnership may be over, but Adidas reports that the rapper’s shoes drew sales of $437 million in recent months.

U.S. Steelmakers Are Still Expanding as Demand Slows

August 3, 2023 / no comments

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.

Robinhood Needs to Steal More Users

August 3, 2023 / no comments

The online brokerage turned a surprise profit, but a decline in active users shows how much further it still has to go.

Bank of England Raises Key Interest Rate by Quarter Point

August 3, 2023 / no comments

The central bank increased its key rate for the 14th time in a row and said it may do so again as it tries to curb high inflation.

The Real Reason You’re Having a Hard Time Getting Things Done at the Office

August 3, 2023 / no comments

Working from home altered our brains. We need more office time to fix them.

Weather and Wall Street Conspire to Push Up Gas Prices

August 3, 2023 / no comments

Gasoline and diesel prices have risen faster than oil in recent weeks.

Markets Still Weigh the Meaning of a U.S. Credit Rating Cut

August 3, 2023 / no comments

Stocks were down and Treasury yields were up after Fitch Ratings’ downgrade. But the biggest effects of the move may play out over time.

The Bank of England Raises Rates Again

August 3, 2023 / no comments

Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”

Those Hip Surgeries Are Now Mostly Priced Into Insurers’ Stocks

August 3, 2023 / no comments

Managed-care organizations have outperformed the broad market, and could have room to run.

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