Quality of care, cost, and the potential emotional and mental toll of nursing-home living were the top concerns. The perceived safety also was a concern.
: JPMorgan Chase CEO Dimon says consumers are good, new banking regs are bad
Dimon rails against a 1,100-page proposal by FDIC to increase capital requirements as “hugely disappointing” and separately praises healthy U.S. consumers
: More U.S. companies have gone bankrupt in 2023 so far than all of 2022 or 2021
S&P Global Market Intelligence has counted 459 filings as of Aug. 31, compared with 373 for all of 2022 and 408 for all of 2021.
Economic Report: Inflation is set for a big increase, CPI to show. Here’s why.
Is inflation getting worse? Consumer prices are expected to post the biggest gain in August in more than a year.
Key Words: Jim Chanos says China ‘poses grave financial and geopolitical threats’ — ‘more so today than ever before’
Short seller Jim Chanos reiterates his longstanding concerns about China to a House committee that’s looking at Beijing’s threat to U.S. financial stability.
: Home prices rose 2.5% in July, but fell in 11 Western states, CoreLogic says
California led the nation in terms of prices. The median sales price for a single-family home there was $700,000 in July.
The Margin: McDonald’s to phase out self-serve soda machines in the U.S.
The fast-food chain said it’s getting rid of the self-serve option for drinks at its U.S. locations by 2032, according to reports.
Metals Stocks: Gold prices settle at a 3-week low as dollar climbs ahead of U.S. August inflation report
Gold prices settle on Tuesday at their lowest in three weeks, with a stronger U.S. dollar putting pressure on precious-metals prices, as traders awaited the latest batch of inflation data out of the U.S. due Wednesday.
: Pratt & Whitney engine recall batters global engineering stocks
Pratt & Whitney’s recall of several hundred aero engines continued to pummel stocks across the global engineering sector on Tuesday.
: Tech’s wild week: How Apple, Google, AI, Arm’s mega IPO could set the agenda for years
A confluence of legal tussles, macroeconomic conditions, a trade war with China, and regulatory bluster have raised the stakes for the tech industry.
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