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  Bloomberg

  Foot Locker Sinks on Forecast Cut Amid ‘Discerning’ Shoppers

  (Bloomberg) -- Foot Locker Inc. plummeted after cutting its full-year forecast and reporting results that fell short of Wall Street’s expectations amid concern over weakening spending patterns. The retailer also suspended its dividend.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land Near Moon South Pol

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  Bloomberg

  BRICS Bank Aims to Increase Local-Currency Borrowing to 30%

  (Bloomberg) -- New Development Bank, the multilateral lender founded by the BRICS group of emerging-market countries, aims to increase the share of funding it raises in local currencies to 30% from less than 20%, according to its chief financial officer.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land

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  Bloomberg

  The Manhattan Project to Wean the World Off Russian Uranium

  (Bloomberg) -- In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly,

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  The Wall Street Journal

  Recession Fears Have Been ‘Blown Out of the Water,’ Long-Serving Fed President Says

  James Bullard, who was the longest tenured of the 12 regional Federal Reserve Bank presidents when he stepped down last month, thinks the U.S. economy faces new risks of stronger growth that could require higher interest rates to keep up the fight against inflation in the months ahead. Bullard took over as the dean of Purdue University’s Daniels School of Business this month. In an interview Monday, ahead of the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyo., he said central bankers ought to be pleased with the economy so far this year.