The Daily Editor

Bayerische Versorgungskammer, the Bavarian pension fund that funneled hundreds of millions of dollars into US real estate projects, expects to lose some money from the investments, its chief executive officer said in an interview.

“Of course, every euro or dollar we lose hurts,” Axel Uttenreuther, BVK’s CEO, said in an interview with newspaper Welt am Sonntag.

 » Read more about: BVK Expects Losses From US Property Investments, CEO Tells Paper  »

The consumer tech giant has been reliably paying quarterly distributions since mid-2012.

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Washington’s renewed tariff offensive under US President Donald Trump is beginning to reshape the contours of global trade. The punitive tariff-imposition stance of the United States has prompted once-unlikely partnerships and accelerated conversations about new economic groupings that could sideline America in the medium term.

Trump’s approach of targeting both rivals and allies with heavy tariffs has been presented as an effort to redress America’s long-standing trade imbalances.

 » Read more about: ‘US tariffs leading to partnerships that once looked impossible’: Ex-diplomat warns US may lose its leverage  »

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The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed.

Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as they return from summer vacations.

 » Read more about: Stock Market’s Fate Comes Down to the Next 14 Trading Sessions  »

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 » Read more about: Mutual funds hold record ₹4Lcr cash: What's the reason  »

US consumer spending rose in July by the most in four months as stronger income growth bolstered demand in the face of high prices.

While Americans continue to spend, the momentum is at risk of ebbing as job growth slows and prices keep climbing. The Federal Reserve’s preferred gauge of core inflation picked up to 2.9% on a year-over-year basis,

 » Read more about: Charting the Global Economy: US Consumers Remain Resilient  »

Last Updated: Aug. 13, 2025 at 5:06 a.m. ET
First Published: Aug. 12, 2025 at 8:18 a.m. ET

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