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When Fortune began publishing our global corporate rankings in 1990, Japan was America’s biggest rival.

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month. The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures (PCE) price indexes, the inflation measures tracked by the Federal Reserve for monetary policy. A surge in the unemployment rate to a near three-year high of 4.3% in July fanned fears in financial markets of a recession, which have been largely dismissed by economists.

While U.S. crypto insiders continue to pound away at a noncommittal Biden administration, a more urgent mission is developing to find out the digital assets views of Vice President Kamala Harris, though her dual life as vice president and presidential candidate may interfere with taking a strong stance.

As the cryptocurrency market stabilizes following a turbulent period, a new analysis cautions against anticipating a significant breakout in the price of Bitcoin until the last quarter of the year. Singapore-based digital asset firm QCP Capital said that the market may remain in a holding pattern for the foreseeable future, even as some encouraging signs emerge. Bitcoin’s overnight recovery to reclaim the $60,000 mark suggests that BTC has managed to stabilize after last week’s sell-off. It tick...