Market euphoria in early June, spurred on by a pause in interest rate hikes by the Federal Reserve, is well behind us now. Central Bank leaders in the US and across the globe delivered a clear message to markets this week: We're not done hiking. Read full article
Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession. Read full article
The Federal Deposit Insurance Corp. mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued by through emergency action by regulators. Read full article
Workers at some organized Starbucks stores in the US are striking beginning Friday because what it claims is the "hypocritical treatment of LGBTQIA+ workers" and not being allowed to put up Pride-themed decor in cafes. Read full article
San Francisco Mayor London Breed suggested remaking the city's struggling downtown neighborhood by tearing down abandoned retail space. Breed argued that a shift to online shopping has contributing to declining foot traffic in the area. Read full article
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