By - Summary
- Companies
- Credit Suisse shares suffer biggest weekly drop since March 2020
- Lender saw $200 million net outflows from funds this week
- DBRS Morningstar cut the bank’s credit score to BBB
- Bank secured a $54 billion lifeline earlier this week
- Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
- U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
- Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
- How Biden’s unpopular economic record could be a challenge for Kamala Harris
- Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
- Biden will announce Supreme Court reform plans on Monday, Politico reports
- Trump to hold rally in Butler, Pa., where he survived assassination attempt
- Trump running mate JD Vance doubles down on ‘childless cat ladies’ comment about Harris, Democrats
- Short seller Andrew Left charged with fraud by prosecutors, SEC
- Obama endorses Kamala Harris as she builds momentum against Donald Trump
