OnlyFans says it’s not seeing a Netflix-like slowdown in subscribers despite rising inflation
OnlyFans executives say the platform is not experiencing a slowdown in subscriber numbers despite climbing prices.
London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos
A second U.S. firm has sued the London Metal Exchange for $15.3 million over cancelled nickel trades in March.
CDC raises monkeypox alert as global cases surpass 1,000
The U.S. Centers for Disease Control and Prevention has stepped up its monkeypox guidance as global cases of the virus surpass 1,000.
Target warns of squeezed profits as it rolls out aggressive plan to get rid of unwanted inventory
Target said it will take a short-term hit from markdowns, but wants to clear room for groceries, back-to-school supplies and other items consumers want.
Exxon Mobil is cheap even after surging more than 61% this year, Evercore ISI says
Exxon Mobil looks cheap even after the stock’s surge this year, according to Evercore ISI.
‘Summer of chop’ could bring a retest of market lows and less love for energy, chart analysts say
The stock market looks set for a rough summer, even if there are a few good rallies in between, according to analysts who watch charts.
Tech companies urge U.S. to let the kids of visa holders stay past the age of 21
Tech companies including Amazon, Google, Salesforce and Uber are urging the government to revise aging out policies for children of high-skilled visa holders.
Bipartisan crypto overhaul seeks to treat most digital assets as commodities and empower CFTC
The Lummis-Gillibrand bill amounts to a regulatory overhaul that would classify the vast majority of digital assets as commodities.
Boris Johnson hangs on as UK prime minister — just — but his days could be numbered
Monday’s vote saw Johnson win the backing of most of his Conservative lawmakers, but by a much slimmer margin than his supporters had hoped.
Australia’s central bank raises rates by 50 basis points in hawkish surprise
Markets had been split on whether rates would rise by 25 basis points or 40 basis points.