Funding & Business
Bond Market Rate-Cut Bets Face Powell Reckoning at Jackson Hole
Bond investors are heading into Friday’s much-anticipated Jerome Powell speech largely expecting the Federal Reserve chair will indicate policymakers will start cutting interest rates next month.
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Hala, a Saudi Arabia-based fintech company, raised $157 million in one of the largest-ever funding rounds for an early-stage startup in the Middle East.
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China ruled that Nvidia Corp. violated anti-monopoly laws after concluding a preliminary investigation, ratcheting up the pressure on Washington during sensitive trade negotiations. Bloomberg’s James Mayger reports.
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