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US bankruptcies soared 54% year-over-year in August. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In effect, they were saying that companies feel pain in times of policy tightening, especially those with weaker balance sheets. In any case, easy money measures have "kept so many zombie companies on life support," in Societe Generale's view. "[T]he recent sharp rise in rates really could cause a shocking rise in bankruptcies, beyond all fears."
Persons: Albert Edwards, Edwards, Ander Perez, Orive, Yannick Timmer, loosens Organizations: Societe Generale, Service, Reserve, Federal Reserve, Generale Locations: Wall, Silicon
The healthcare startup January uses CGMs and AI to monitor glucose levels, exercise, and sleep. I have low blood sugar, and January used machine learning to coach me to healthier habits. Low blood sugar, or hypoglycemia, is less common than high blood sugar, or hyperglycemia. Samantha Stokes/InsiderAt the end of January's AI training, I unlocked a suite of tools to track my food, exercise, blood sugar, and more. But January encouraged me to take a short walk after eating, which can help moderate glucose levels following a meal.
Persons: Marc Benioff, they're, Noosheen Hashemi, Hashemi, Marissa Mayer, Samantha Stokes, Mike Snyder, Insider's, What's, I've, CGM, didn't, Jesus Weligsander Perez Organizations: Felicis Ventures, AME Cloud Ventures, Apple Watch, Drug Administration, Stanford Medicine, Pace Locations: That's, SignalFire, Mount Sinai
One report, written by the Federal Reserve's own economists, left me with not exactly an upbeat outlook. Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington. That is, more than a third of companies could default in the coming months, thanks to tightening monetary policy. Basically, they are predicting that companies feel pain in times of policy tightening, especially those with weaker balance sheets to begin with. Investors should monitor these bearish signals to stay ahead of a potential sell-off in the stock market.
Persons: Phil Rosen, You'll, Jerome Powell, Jacquelyn Martin, Ander Perez, Orive, Yannick Timmer, Kevin Rendino, he's shorting, Goldman Sachs, Morgan Stanley, Max Adams, Hallam Bullock Organizations: Federal, Financial Services, Capitol, European Central Bank, Bloomberg, Bank of America, Barclays, Elon Musk's Locations: New York, Washington, London
[1/3] State worker Yuri Yon (L), talks to a colleague during their third day waiting in line for the arrival of a fuel tank truck in Havana, Cuba, April 5, 2023. "I've been three days waiting in this line for gasoline and we still don´t know if the (fuel) truck will arrive today," said private taxi driver Alexander Pérez, 43. "The situation across the country is critical and the lines endless, and they don´t give any explanation." Venezuela has ramped up oil supply to Cuba since early 2023, according to documents from state company PDVSA and shipping data. But Venezuela's supply in recent months has barely included clean refined products, especially gasoline and diesel, according to the documents and data.
Ten of the 13 people Dominican authorities accused of attempting to murder former Major League Baseball player David "Big Papi" Ortiz have been convicted. On June 2019, Ortiz was shot in the back while at a bar in his native Dominican Republic. According to the attorney general, Rodríguez Mota is "the person who paid those who carried out the act" against Ortiz. The remaining seven men received sentences of less than 10 years. Ortiz underwent multiple surgeries in the Dominican Republic and the U.S. after the attack.
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