Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’
While calls for a soft-landing are piling up on Wall Street, Anne Walsh is staying on the defensive.
Bloomberg Business
Booking.com Owner Sued by Texas on Alleged Deceptive Practices
Booking Holdings Inc., which operates the website Booking.com, was sued by Texas for allegedly engaging in deceptive trade practices in citing hotel room prices.
Here Are Argentina’s Assets to Watch Before Key Primary Vote
Argentines will head to the polls in a nationwide primary election on Sunday, with traders watching closely for signs of regime change in the debt-ridden nation mired in yet another economic crisis.
Maui Wildfires Kill 36, Devastate Island as Thousands Flee
Wildfires fanned by winds from a far-off hurricane killed at least 36 people on the Hawaiian island of Maui and forced thousands to flee as flames engulfed the historic town of Lahaina.
As Wildfires Devastate Maui, Biden Vows Speedy Federal Funds to Help
President Joe Biden said he was rushing federal support to Hawaii after deadly wildfires tore through the island of Maui, vowing to quickly help people affected.
South Africa and China Strike Trade Agreements Worth $2.2 Billion
Companies from South Africa and China concluded trade deals worth $2.19 billion during a visit to the country by Chinese Commerce Minister Wang Wentao.
NYC’s Long-Awaited Rail Tunnel Set to Get Shovels in the Ground
Evidence of the $16.1 billion, long-delayed, once-canceled effort to build a new tunnel linking New York and New Jersey will finally start appearing on Manhattan streets in the coming weeks.
Nigeria’s Economic Policies Too Loose to Support Naira, IMF Says
Nigeria’s loose fiscal and monetary policies are creating excess liquidity, making it difficult for the naira to stabilize against the dollar two months after authorities allowed the currency to trade freely, the International Monetary Fund said.
Studios Are Raking in Profits While Actors and Writers Are on Strike
The writers and studios are scheduled to meet again on Friday, union says.
Starwood to Start Pitching New Distressed Real Estate Fund
Starwood Capital Group, the firm led by Barry Sternlicht, is in preliminary talks with potential investors for a new opportunistic real estate fund, according to people with knowledge of the matter.
