AFR Platform
-
China's industrial profits post faster gains in June despite faltering economy
A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5% compared with a 3.4% rise in the January-May period.
-
Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the NYSE's website.
-
Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
Business
-
Sales of $100 million homes set to double this year as trophy properties recover
The comeback marks a stark contrast with the national housing market, which is still feeling the pressure of high mortgage rates and lack of supply.
-
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
Warner Bros. Discovery has sued the NBA in an effort to keep distributing the league's games, after it chose NBCUniversal and Amazon as new media partners.
-
FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
The FAA approved SpaceX to resume flights of its mainstay Falcon 9 rocket after being grounded about two weeks ago following a rare inflight failure.
Technology
-
Post Title
Airlines, banks, casinos, package deliveries, and emergency services around the world are recovering today from what could be "the largest tech outage in history." the root cause was not a foreign agent but linked back to a software update issued by a u-s based cybersecurity firm called "Crowd Strike." Could this have been avoided?
-
Post Title
In London, a mobile phone is stolen every 6 minutes. "If I steal your phone, I'm stealing a thousand dollars," says digital identity expert David Birch. But "If I can get into your bank account, I can steal $100,000. So that's what they really want." So there are important steps to take immediately - including turning off message preview.
-
Post Title
"Human beings had a play-based childhood from time immemorial," says author Jonathan Haidt. What caused teen mental health decline is "between 2010 and 2015, phones, screens come sweeping in...The most important thing that parents can do is delay the age at which their child gets immersed in internet culture."