Global Shipping Costs Creep Higher After 16-Month Freefall
Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean-freight costs that helped ease the sting of goods inflation is over.
Bloomberg Business
US Initial Jobless Claims Tick Up, Still Near Lowest This Year
US applications for unemployment benefits held near the lowest levels of the year, underscoring resilient demand for workers.
BOE Raises Rates to 5.25% With Warning Policy Will Remain Tight
The Bank of England raised interest rates to a new 15-year high, warning that its fight against inflation may require tighter borrowing conditions for an extended period.
Canada Sticks With Immigration Target Despite Housing Crunch
Prime Minister Justin Trudeau’s government won’t lower its immigration targets despite growing criticism that drastic population growth worsens existing housing shortages.
Intern Hunger Games in Full Swing With VC Shop’s Public Rankings
The summer interns at Insight Partners are learning the firm’s number one value — “hunger to win” — the hard way.
Actors Earning Living Off Screen Drive a Hard Bargain With Hollywood Studios
Chaley Rose has appeared in numerous TV shows and movies since her first credit on Anger Management a decade ago. Yet like many on the picket lines in Hollywood today, she doesn’t count on acting as her sole source of income.
Warren Buffett Is Buying Treasuries Regardless of US Downgrade by Fitch
It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.
US Productivity Jumps by Most Since 2020, Blunting Labor Costs
US labor productivity logged its biggest increase in the second quarter in nearly three years, helping to offset rising labor costs.
ESG Strategy Receives Tough Feedback in Latest Bloomberg Survey
The outlook for ESG is getting bleaker based on the results of Bloomberg’s latest industry survey.
Buffett’s Berkshire Poised for Gains on Rate Hikes, Countering Slumps
Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter. But rate hikes and an expanded stake in Apple Inc. will likely help counter those woes.
