US Company Becomes Most Valuable Solar Firm After Chinese Rivals Slip
A US solar company surpasses Chinese competitors in value. US job market slows, treasuries rise hinting at economic slowdown. Hurricane Beryl strengthens. Lufthansa seals deal, Santander sells stake, Bezos sells Amazon shares.
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A US company has become the world's most valuable solar firm after Chinese competitors experienced setbacks. The company's rise in value was attributed to the slip in performance of its Chinese rivals. In other news, the US job market shows signs of slowing down based on ADP and claims data, while treasuries rise, indicating a potential slowdown in the US economy. Hurricane Beryl approaches Category 5 strength in the Caribbean, and Lufthansa secures EU approval for a €325 million deal with ITA Airways. Additionally, Santander sells a stake in a real estate partnership to Intrum, and Pakistan aims to retain a stake in its state airline after a sale. Bezos plans to sell $5 billion of Amazon shares as the stock hits a record high, and JPMorgan's Kolanovic is set to exit following a series of poor stock calls. Lastly, South Africa seeks to renegotiate a coal pact linked to $2.6 billion.
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