Bloomberg Business

The crypto market’s once-handsome 2023 lead over stocks is cracking as Bitcoin holds a retreat below $30,000.

Russia is moving to expand its pool of military conscripts by raising the upper age limit to 30 as the Kremlin’s war on Ukraine extends into its 18th month. While Russia has said draftees won’t be sent to fight in Ukraine, the changes approved in the lower house of parliament may create an extra 2.4 million potential conscripts, according to Igor Yefremov, a researcher and specialist in demographics at the Gaidar Institute in Moscow.

The selloff rocking Israeli markets deepened on Tuesday, with stocks, bonds and the currency all tumbling in the wake of a new law that curbs judicial oversight and heightens concern about the agenda of Benjamin Netanyahu’s government.

A management firm overseeing the development of a 320-acre youth sports complex in Arizona ended up overspending and shifting some money intended for construction into its own account, according to a bankruptcy court filing.

Israel’s political and social tensions over a law that will curb the oversight powers of the courts will continue, weighing on the country’s economy and security, according to Moody’s Investors Service.

President Joe Biden criticized what he said were efforts to restrict the teaching of US history, delivering a rebuke to Republican presidential challenger Ron DeSantis amid a brewing controversy over the Florida governor’s defense of the state’s educational curriculum.

TCW Group, the asset manager with a long history of managing bond funds, is expanding into exchange-traded funds with an agreement to buy an ETF business from activist investor Engine No. 1.

“Higher for longer” has exchange-traded fund investors dumping short-dated debt en masse ahead of what’s widely expected to be the Federal Reserve’s last interest-rate hike.

In about 2000, then-JPMorgan Chase & Co. boss Douglas “Sandy” Warner told banker Jes Staley he should meet a man named Jeffrey Epstein.

Uruguay plans to complete its $4.3 billion bond funding program this year by issuing local currency debt on the domestic capital market as slowing inflation helps the government reduce its reliance on US dollar borrowings, Finance Minister Azucena Arbeleche said in an interview.