The Hamptons Wants to Borrow More as Wealthy Linger Longer
East Hampton, New York, sold debt on Thursday, joining a list of well-off US tourist destinations that have tapped the market this summer.
Bloomberg Business
Brazil’s Real Slumps Most Since November on Bold Rate Cut
Brazil’s currency weakened the most since November and short-term swap rates fell sharply after the nation’s central bank kicked off one of the world’s first easing cycles with a bigger-than-expected interest-rate cut.
Four Seasons New York Midtown to Reopen in 2024 as Dispute Ends
The luxury hotel company has reached an agreement with billionaire Ty Warner, concluding a years-long standoff.
Nomura Hires Virtual Influencer to Coax Japan’s Young Investors
Japan’s biggest brokerage Nomura Holdings Inc. has hired a computer-generated influencer to advertise tax-free investing accounts as it tries to attract a younger generation of retail clients.
Texas A&M Agrees to Pay Professor $1 Million After Hiring Fiasco
Texas A&M University agreed to pay a prominent Black professor $1 million in a settlement over her failed hiring that led to the abrupt resignation of the university’s president last month.
Snack Maker Shearer’s Foods Explore Potential $3 Billion Sale
Shearer’s Foods, a snack maker backed by Ontario Teachers’ Pension Plan, is exploring a sale that could fetch about $3 billion including debt, according to people with knowledge of the matter.
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates.
DraftKings Sales Beat Forecast, Company Raises Guidance for Year
DraftKings Inc. shares rose after the online sportsbook posted second-quarter sales that beat expectations and it raised its forecast for the year.
Cockpit Photos Show Near-Collision Between JetBlue, Charter Jets
Stunning photos shot from the cockpit of a JetBlue Airways Corp. plane show how close the aircraft came to colliding on a Boston runway early this year in one of a surging number of airline close calls.
Block Raises Adjusted Profit Outlook as Use of Cash App Soars
Block Inc., the payments giant run by Jack Dorsey, boosted its forecast for adjusted profits for the year as customers increasingly turn to its popular Cash App.
