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LATEST

Big 6 audit firms earn N175 billion, PwC leads clients, KPMG revenue●Nvidia, Apple, Google fuel record $185 billion gain for Norway’s wealth fund, but CEO say, ‘We are really cautious’●Lumentum’s stock surges, giving a further boost to the optical-networking trade●Coinbase, Polymarket, Kalshi Face NYC Prediction Market Investigation●Social Security COLA estimates for 2027 fall as inflation moderates●Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore●A Routing Bug Took Solana 86% of the Way to Losing Finality●Scott Bessent's Hormuz declaration puts Chevron at the center●Big 6 audit firms earn N175 billion, PwC leads clients, KPMG revenue●Nvidia, Apple, Google fuel record $185 billion gain for Norway’s wealth fund, but CEO say, ‘We are really cautious’●Lumentum’s stock surges, giving a further boost to the optical-networking trade●Coinbase, Polymarket, Kalshi Face NYC Prediction Market Investigation●Social Security COLA estimates for 2027 fall as inflation moderates●Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore●A Routing Bug Took Solana 86% of the Way to Losing Finality●Scott Bessent's Hormuz declaration puts Chevron at the center●

Economy

Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’

Economics | The Guardian · 2h ago

Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’

Falling water levels linked to weather system are expected to limit number of slots to transit shipping lane Business live – latest updates Commercial ships travelling through the Panama Canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels linked to this year’s intense El Niño weather system . Highlighting the fragility of global trade, a container ship reportedly paid about $4m (£3m) to jump a queue of vessels waiting to pass through the vital maritime choke point. Continue reading...

Read the full story at Economics | The Guardian →

More Economy

July inflation falls to 3.4% as Fed split deepens amid job losses

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Benign Inflation Data Would Reduce Urgency Around September Rate Rise

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Energy Prices Expected to Fall in Latest Inflation Data

NYT > Business > Economy · 3h ago

Homeowners tight on cash are tapping into their homes’ equity.

NYT > Business > Economy · 3h ago