DEALBOOK HIGHLIGHTS
Tsipras Attacks Greece's Creditors as Pressure Grows on Debts The prime minister said austerity measures were humiliating and strangling his people as a meeting of European finance ministers neared.
Kleiner Perkins to Write Smaller Checks With $4 Million FundThe venture capital firm is pitching its fund as a friendly way for entrepreneurs to raise early capital while allowing it to make smaller investments.
Fitbit Raises Price Range for I.P.O. The maker of health-tracking devices now expects to price its initial public offering at $17 to $19 a share, a midpoint range that values the company at nearly $3.7 billion.
Breakingviews: Goldman's Consumer Loan Plan Poses Risks The firm's plan to enter the personal loan business has its advantages, but it is also one with many distractions and potential hazards.
LOOKING AHEAD
Tea Leaves From the Fed on Wednesday The Federal Reserve does not plan to raise interest rates when it meets on Tuesday and Wednesday. It will most likely leave its benchmark rate near zero, where it has rested since December 2008. But there is a growing expectation that the Fed will start raising rates at its September meeting. Investors will seek affirmation - or cautionary notes - in the Fed's postmeeting statement and in remarks by Janet L. Yellen, the Fed's chairwoman, at a news conference on Wednesday.
Discord in Greek Debt Talks on Thursday Increasingly acrimonious negotiations between Greece and its European creditors are expected to intensify before a meeting of 19 finance ministers from the euro area on Thursday in Luxembourg. Greece could be forced to leave the eurozone unless Athens backs down on some of its demands to ease the terms of a giant bailout program scheduled to expire at the end of the month. The talks have hinged on issues like setting the size of Greece's primary budget surplus and reforming the country's pension system.
The goal is to find a way to unblock billions of euros in frozen aid payments so Greece does not default on its loans, impose capital controls and become the first country to leave the single currency. Most Greeks still favor staying with the euro, and many European Union leaders - despite acute frustration with the leftist government in Athens - want to avoid setting a precedent for exiting the euro that would damage the project for European integration
F.C.C. Vote on Broadband Subsidy The Federal Communications Commission is expected on Thursday to approve a proposal to explore subsidizing broadband Internet for poor Americans. The plan paves the way for sweeping changes to a $1.7 billion phone subsidy program known as Lifeline and seeks to offer recipients a choice between technologies. Republicans have strongly opposed extending the subsidy to broadband, pointing to past instances of fraud in the program. As part of the plan to be voted on this week, stricter controls would be established to ensure eligible households claimed only one subsidy of $9.25 a month.
The plan, introduced last month by the F.C.C. chairman, Tom Wheeler, is expected to receive support from the commission's Democratic majority. If approved, the antifraud measures would take effect soon after, and the commission would then outline the specifics of incorporating broadband into the program. A necessary final vote by the F.C.C. on those details could come before the end of the year.
Fitbit's Stock Market Debut In a year that has so far been relatively light on big initial public offerings, Wall Street has trained its eyes on Fitbit, which makes popular wearable fitness-tracking devices. The company, seeking to seize on a swell of interest in better health, hopes to raise as much as $477.6 million for itself and selling shareholders in its market debut. It is expected to begin trading on Thursday on the New York Stock Exchange, under the ticker symbol FIT.
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