BP Rehires Ex-Oil Trading Chief Wise to Help Growth Strategy
BP Plc’s former global head of crude oil trading Dan Wise will return to the desk in October, according to people familiar with the matter.
Bloomberg Business
Canada Wants to Make Homes Affordable Without Crushing Prices
In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.
Zoom Ends No-Meeting Wednesday Policy, Calling It ‘Barrier to Collaboration’
The videoconferencing giant said the mandate created a ‘lack of clarity’ for employees working across time zones.
JPMorgan Strategist Urges Investors to Stay in Stocks After July CPI Report
JPMorgan strategist David Kelly sees reasons for market optimism in Thursday’s US consumer price index report, with stocks rewarding patient investors and bonds providing a solid capital gain as inflation heads toward 2% by late next year.
Software Firm Globant to Invest $1 Billion on AI Expansion in Latin America
Software company Globant SA plans to invest $1 billion in building out its artificial intelligence operations in Latin America, nearly doubling the company’s workforce over the next five to six years.
US Mortgage Rates Climb for a Third Week, Reaching 6.96%
Mortgage rates in the US rose for a third straight week, creeping closer to 7%.
House Conservatives Threaten to Shut Down Homeland Security
A band of Republican lawmakers on Thursday threatened to cut off funding for the Department of Homeland Security unless President Joe Biden ousts one of his cabinet secretaries, adopts GOP border legislation that would curtail asylum claims by migrants or makes other border changes.
Fed Seen Pausing After Tame CPI Data, But Mission Not Over
Federal Reserve policymakers are increasingly likely to leave interest rates unchanged at their next meeting after fresh evidence of easing inflation, but they’ll be careful to strike a tone that their job isn’t done yet.
Virgin Galactic Carries First Tourists to the Edge of Space
Virgin Galactic Holdings Inc. carried its first private tourists to the edge of space, a long-awaited milestone in founder Richard Branson’s quest to build a “spaceline for Earth.”
Cyber Firm Check Point Buys Perimeter 81 in $490 Million Deal
Cybersecurity company Check Point Software Technologies Ltd. signed a deal to acquire Perimeter 81 for $490 million in a cash-free, debt-free deal that is less than half of what the startup was valued at fourteen months ago.
