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Highlights

    1. Europe’s Economic Laggards Have Become Its Leaders

      More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.

       By Liz Alderman and

      Monastiraki Square is a huge tourist attraction in Athens. Tourism has helped bolster the economies of Greece and other southern European countries.
      Monastiraki Square is a huge tourist attraction in Athens. Tourism has helped bolster the economies of Greece and other southern European countries.
      CreditHilary Swift for The New York Times
  1. Binance Founder Sentenced to 4 Months in Prison

    Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.

     By

    Changpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing.
    CreditGrant Hindsley for The New York Times
  2. High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

    High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.

     By

    High interest rates aren’t affecting Americans who own assets like houses as much as many economists expected.
    CreditAlyssa Schukar for The New York Times
  3. Walmart Is Shutting Health Centers After Plan to Expand

    The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.

     By

    Walmart started its health center initiative in 2019, seeking to provide services to customers in smaller towns where residents might lack care options.
    CreditKirk Sides/Houston Chronicle, via Getty Images
  4. Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%

    After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.

     By

    Starbucks missed its quarterly earnings’ estimates as consumers slow spending on iced coffee and other beverages.
    CreditNatalie Zepp for The New York Times
  5. PG&E Seeks Approval to Sell Stake in Its Power Operations

    California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million over 20 years.

     By

    The investment by KKR comes as Pacific Gas & Electric reshapes its operations and image after a series of wildfires led the utility to seek bankruptcy protection in 2019 after amassing tens of billions of dollars in liability.
    CreditJim Wilson/The New York Times

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  5. Glamping With the Stars

    Would cloudy weather ruin a visit to the first-ever resort to receive certification from DarkSky International? A stargazer in Utah holds on to her optimism.

    By Colleen Creamer

     
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