Oil’s Summer Rally Takes a Pause on Risk-Off Tone, Dollar’s Gain
Oil halted its rally in thin summer trading, weighed down by a risk-off tone in markets and technical barriers to further advances.
Bloomberg Business
Policy Tweaks Crucial to Unlock State Marijuana Revenues, Moody’s Says
It’ll take major shifts in tax policy for legalized marijuana to offer a meaningful boost to state and local revenues, according to Moody’s Investors Service.
Apollo Real Estate Trust Scales Back Expectations on Luxury NYC Tower
Apollo Commercial Real Estate Finance Inc., a lender with debt tied to Manhattan’s 111 W. 57th St., wrote off a chunk of its loan and said it is dialing back expectations around how quickly units are sold at the luxury condo development on Billionaires’ Row.
Sam Altman’s Worldcoin Still Safe Despite Controversy, Investor Says
Worldcoin, the crypto identity system started in part by OpenAI Chief Executive Officer Sam Altman, is going to continue to grow in importance, despite the controversy around the project.
Poland Sends Troops to Belarus Border After Airspace Breach
Poland will send more troops to protect its border with Belarus and has summoned the country’s envoy in Warsaw to protest what it described as the violation of its airspace by two Belarusian helicopters on Tuesday.
Harris Rejects DeSantis Invitation to Discuss Black History
Vice President Kamala Harris publicly rejected Republican presidential challenger Ron DeSantis’s invitation to visit Florida to discuss the state’s new Black history curriculum and denounced the suggestion that enslaved people learned valuable skills.
Ukraine Recap: Drones Target Russia as Strikes Intensify
Russia shot down two Ukrainian drones over the Moscow region and jammed a third, part of an intensifying campaign against Kremlin targets in recent days that’s having a bigger impact on Russian forces in Ukraine’s occupied south. The jammed drone in Moscow crashed into the 21st floor of the same office tower in a commercial district that was struck two days ago, Moscow Mayor Sergei Sobyanin said on Telegram.
After a Humiliating Defeat on Tax Reform, Chile Is Giving It Another Go With a ‘Fiscal Pact’
(Bloomberg) — Chile President Gabriel Boric outlined a new push to raise taxes, ditching a prior plan to reform the system, as his administration seeks funding for its social agenda.
Overstock Website Is Now ‘Bigger, Better’ Bed Bath & Beyond, CEO Says
Overstock.com is now operating as Bed Bath & Beyond in the US following a successful rebrand in Canada, the chief executive officer told Bloomberg TV.
Crypto Market Unnerved by DeFi Exchange Curve’s Sinking CRV Token
A tumble in the native token of key decentralized cryptocurrency exchange Curve Finance sapped sentiment toward digital assets on concern that the episode could trigger cascading liquidations of positions throughout the embryonic sector.
