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3 hours ago

Japan sits down with the IMF.

  The government attends a conference in Tokyo along with officials from the International Monetary Fund, which could get a bit awkward: The IMF recently warned minister Shinzo Abe that his “economic recovery was fragile and facing substantial risks.”
5 hours ago

Greek prime minister Alexis Tsipras wants another vote—this time from his own party.

  After a referendum on further austerity programs—Greeks voted no, but parliament agreed to them anyway—Tsipras called on his divided ruling party Syriza, to support him or risk having the government fail. If left-wing Syriza members don’t fall in line, an early election could be called.
3 hours ago

SoulCycle files to go public.

  The New York-based fitness company, credited with igniting the spin-class craze, submitted paperwork to raise up to $100 million in an initial public offering. SoulCycle’s 38 cycling studios generated an average of $4 million each in revenue in 2014, according to the filing.
3 hours ago

US energy companies struggle with cheap oil.

  Analysts expect lower quarterly revenues for Exxon Mobil, Chevron, and ConocoPhillips, thanks to low oil prices. All three companies have suffered double-digit losses in their share prices this year.
July 30, 2015
Chart of the Moment

Nikhil Sonnad on how new words spread through the US.

3 hours ago

Facebook unveils its flying internet drone.

  The unmanned aircraft called Aquila is part of the social network’s elaborate plan to provide internet connectivity from the skies. Construction of the drone is complete, and Facebook will undertake a test flight in the US in the coming months.
3 hours ago

Michael Jordan doesn’t own his own name in China.

  The basketball legend lost his trademark case against a Chinese sports company.

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