Prices jumped 5.4 percent in June, the biggest rise since 2008 - The New York Times: A key measure of inflation jumped sharply in June, a gain that is sure to keep concerns over rising prices front and center at the White House and Federal Reserve
The Atlantic thrived through Trump and the pandemic. The future is harder.: Even with last year’s substantial surge, the magazine had lost more than $20 million and was on track to lose another $10 million this year, according to slides of the presentation shared with NBC News.
Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker - The New York Times: A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.
Sternlicht’s Starwood Gives Up on Malls After Plunge in Values - Bloomberg: As values for retail properties plunge, Barry Sternlicht’s investment firm has been selling shopping centers across the U.S. at money-losing prices. Its remaining malls are being managed by outside companies that potentially will seek new owners.
Puerto Rico Wins Bankruptcy Deal Ahead of Pension-Cut Fight - Bloomberg: Puerto Rico’s financial oversight board struck a deal with the main group of the island’s unsecured creditors, a breakthrough in the government’s bankruptcy that removes one roadblock to the current plan for slashing $35 billion of its remaining debt.