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China’s central bank says risks from local government debt have dropped
China's financial risks have dropped, including from local government debt, People's Bank of China Governor Pan Gongsheng said in interviews with state media.Read More...
Here’s the deflation breakdown for July 2024 — in one chart
Prices in some areas of the U.S. economy have deflated, meaning they've declined.Read More...
Warren Buffett did something curious with his Apple stock holding
The identical 400 million share count in Apple and Buffett's oldest and longest position Coca-Cola prompted some to believe he is done selling the tech stock.Read More...
Klarna takes on banks with a personal account and cashback rewards ahead of IPO
Klarna, best known for its buy now, pay later loans, is launching a personal account for deposits and cashback rewards in the U.S. and Europe.Read More...
China’s bond market intervention reveals financial stability worries
The country's latest efforts to stem a bond market rally shows that authorities are worried about financial stability, analysts said.Read More...
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.Read More...
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