Chinese Professor Loses $2.4 Billion After SenseTime Slumps
Co-founder of SenseTime Group Inc. lost almost half of his fortune after shares of the artificial intelligence giant plummeted 47%.
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Cathie Wood Says She Got Inflation Wrong, Continues Ark Strategy
Cathie Wood on Tuesday said she erred in her prediction inflation would unravel as the prices of goods and services in the US soared.
A Shale Booster Shot: 'Re-fracs' Rise as Cheap Way to Lift U.S. Oil Output
U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output.
EXPLAINER-Faced with Russia Default, Bondholders Brace for Legal Maze
Moscow has the funds and says it wants to pay but is unable to do so because of sanctions imposed after it invaded Ukraine.
Deutsche Bank Looks Back to 1780s for Parallel to US Bond Rout
Not since 1788, the year before founding of the Treasury, have US bonds fallen so much, according to a calculation by Deutsche Bank AG strategists.
Fed to Lift Rates by 75 Basis Points in July, 50 bps in September - Reuters Poll
Fed will deliver 75-basis-point rate hike in July, followed by half-percent-point rise in Sept., won't scale back to .25 till Nov. per Reuters poll.
Shoppers Are Facing Shortages of Beer to Popcorn This Summer
Over past few months, seemingly random foods have become wildly expensive or hard to find. A sign that world supply chains are still under pressure.
