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Hereâs what you need to know
Thereâs a problem with the Boeing 787 Dreamliner. The US Federal Aviation Authority identified a production fault that must be fixed before further deliveries of the plane can commence.
Indian e-commerce giant Flipkart raised $3.6 billion. The Walmart-backed retailerâs successful funding round gathered support from the likes of SoftBank, and Singaporeâs sovereign wealth fund.
Oil investors are rattled by the delta variant. Futures slid as Asian countries tighten Covid-related restrictions, and US cases climb. The International Energy Agencyâs monthly oil report is released today.
Bytedanceâs US IPO is reportedly on hold. The company behind TikTok is shelving its plans, the Wall Street Journal reports, because of Chinaâs ongoing crackdown on data security and foreign listings.
Cubaâs nascent 3G network is enabling nationwide protests. Activists are able to organize marches via Telegram, livestream on Facebook and Twitter, and stay in touch with the diaspora. The Cuban president blames the US.
What to watch for
JPMorgan Chase and Goldman Sachs kick off the latest round of bank earnings today with numbers that should be much better than a year ago, when the pandemic was fresh and lenders were girding for it by building up reserves.
But Wall Streetâs mainstay activities have been a mixed bag of late. While market volatility is way down (good for your nerves, but bad for trading revenue), investment bankers are busier than ever, advising on mergers and acquisitions, and taking firms public. Hereâs a quick look at how different factors will affect the big banksâ second-quarter results:
đ Trading
đ SPAC stock issuance
đ Loan growth and card balances
đ Interest rates and net interest margin
đ IPOs
đ M&AÂ
đ Reserve releases
Bank of America, Citigroup, and Wells Fargo join the earnings party on Wednesday.
Charting investorsâ unrealistic expectations for Anil Ambani
Companies led by Anil Ambaniâbrother to Mukesh Ambani, Indiaâs richest manâhave piqued the interest of stock market investors, leading to unrealistic rallies in their share prices. While Mukesh is known for making stellar business moves, Anilâs companies have been mired by scandals and losses, and his personal net worth dropped from $42 billion in 2008 to zero last year.

The recent rally in these firmsâ shares can be attributed to fresh capital infusion by promoters, asset monetization, and progress on debt resolution processes. Experts say any hopes that Anilâs fortunes have reversed are extremely optimistic.
Hiring diverse candidates requires more than just talk
Many companies have committed to improving diversity within their ranks, starting with hiring more women and people of color. But even with the best of intentions, unconscious biases can keep firms from meeting their goals.
âď¸ One recent study found women whose cover letters were less feminine-sounding were less likely to be hired for jobsâincluding those in male-dominated industriesâbecause they werenât meeting stereotype expectations.
đ Another study showed when women and people of color are in charge of hiring, the applicant pool is likely to be more diverse than when the hiring manager is a white man.
Ultimately, itâs up to organizations to improve the hiring process by finding ways to remove gender bias and reach a broader network of candidates.
⌠The Quartz at Work team has even more tips for hiring and beyond in the field guide to building an anti-racist company. Try membership free for a week.
Handpicked Quartz
(đ The first one is so good, we decided to drop its paywall.)
â A new US-Europe rare earths supply chain is using a âvery Chinese modelâ to counter China
đ Why Taiwanâs tech giants had to step in to source vaccines for the government
đł Do Africans value development over democracy?
đ Chinaâs Anta is about to become more valuable than Adidas
â˝ď¸ Londonâs weekend of sport was one giant Covid experiment
đŚ Peacockâs moment to shine is finally here with the Olympics
Surprising discoveries
A Super Mario 64 cartridge sold for $1.5 million. And nobody had to shove their brother out of the way to get it.
Peloton is the highest paying music streaming service. The fitness company doesnât give artists more money on purposeâitâs complicated.
Goats could keep wildfires at bay. All by doing what they do best: eating plants that could otherwise become fuel.
Dubai is now home to the worldâs deepest pool. At 196 feet, Deep Dive Dubai is a veritable theme park for diving enthusiasts.
Could calmer music slow Covid transmission in gyms? South Korea has banned energetic beats to keep panting at a minimum.
Our best wishes for a productive day. Please send any news, comments, slow playlists, and underwater cities to hi@qz.com. Get the most out of Quartz by downloading our iOS app and becoming a member. Todayâs Daily Brief was brought to you by Hasit Shah, Heather Landy, Niharika Sharma, Sarah Todd, Lila MacLellan, Liz Webber, and Susan Howson.