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Fed’s Powell says US economy no longer ‘overheated’ ahead of new inflation data
“We need just to see more good inflation data. That’s all,” Powell said when asked about the timing of possible interest rate cuts.
Reuters/Kevin Mohatt
Boeing to plead guilty over deadly 737 MAX crashes, adding to aircraft giant’s woes
The company accepted the plea deal offered by the US Justice Department.
Gabriel Araujo/REUTERS/File Photo
Taiwanese and Chinese companies flock to Singapore as politically safe investment haven
Singapore is trying to shed its ‘Crazy Rich Asians’ reputation, as residents blame foreign investment for the cost-of-living crisis.
Wikimedia Commons
Los Angeles soccer team becomes most valuable women’s club at $300 million
Angel City FC is the most valuable women’s sports franchise in the United States.
Kiyoshi Mio-USA TODAY Sports
Private equity’s movie studio cuts back for a changed reality
Blackstone-backed Candle Media is slashing costs, reorganizing itself, and reworking its debt after a star-studded — and very expensive — acquisition spree.
Gary Doherty/Variety via Getty Images
Banking on the Future: The Next Era of Fintech
Join us for a convening of policy makers and the leading voices in fintech that will bridge the divide between regulators and innovators.
Hilsenrath: Trump and Biden share a legacy of outsized, ill-timed debt accumulation
The Semafor contributor and former chief economics correspondent for WSJ breaks down their past performance on growth and spending as they face off once again.
Giant firms push Japan to accelerate renewables adoption
Companies like Microsoft and Softbank want Tokyo to embrace clean energy.
Semafor Business Summit: Beware of the the mushy middle
Highlights from our second annual event in New York, where we heard from Pfizer CEO Albert Bourla and other business leaders.
Pfizer is testing new non-GLP-1 mechanism for weight-loss drug, CEO reveals
The company is testing three potential weight-loss drugs, including two that use the same GLP-1 protocol as Ozempic or Wegovy, and a third based on a new mechanism, CEO Albert Bourla told Semafor.
Beijing intervenes in China’s solar industry as overcapacity dries up profit
The country said it will limit the production of some solar panels as firms struggle to stay afloat.
Can tiny-home mortgages fix California’s housing crisis?
Seizing on Wall Street’s hunger for loans, one startup thinks it can finance its way to a solution.
Dell staff reject return-to-office push
The tech giant told staff to classify themselves as either hybrid or remote workers, with remote staff ineligible for promotion.
Nvidia overtakes Microsoft to become world’s most valuable company
The AI boom is powering the unprecedented growth of the American chip manufacturer.
Bitcoin (sort of) grows up
A Coinbase executive talks about why traditional financial players like pension funds want to invest in bitcoin.
NATO venture capital fund makes first investments to boost defense tech
The NATO innovation fund announced investments in AI, unmanned vehicles, and space technologies.
Will the US vote to halt public funding for oil and gas projects?
Ten OECD member states are meeting this week to discuss the public financing of oil and gas projects, with the US vote seen as pivotal.
‘All roads run through Paris’: How Publicis got ahead
The Paris-based Publicis Groupe has built an unusual, dramatic lead in the marketing business.