(Bloomberg) — Brazil’s annual inflation eased to its lowest level in nearly three years earlier this month, bolstering bets policymakers will slash the key interest rate by a half-point when they start an easing cycle next week.
Markets should brace for a deep US recession that warrants a dramatic one percentage-point interest-rate cut by the Federal Reserve, warned DoubleLine Capital’s Jeffrey Sherman.
An Abu Dhabi asset management firm is planning to raise $250 million for a carbon fund as demand increases for better regulated environmental credits.
Italy’s short-term natural gas prices are jumping as the extreme heat blanketing the country drives up electricity demand to keep cool.
Verizon Communications Inc. beat analysts’ estimates for profit and subscribers after a surprising turnaround in customer growth.
The $158 million in payments that private equity titan Leon Black made to sex offender Jeffrey Epstein is under investigation by the US Senate Finance Committee, which is questioning whether the sum amounted to gifts for which Black owes taxes.
Liquefied natural gas stored on ships jumped to its highest level since May in a sign that weak demand and high inventories in Europe are pushing the fuel toward Asian markets.
Bets that artificial intelligence will revolutionize Corporate America and deliver riches to the biggest companies behind it will get a test Tuesday, as Microsoft Corp. and Alphabet Inc. report their first earnings since AI fever broke out.
(Bloomberg) — Hungary pressed ahead with its plan to unwind its emergency monetary regime, cutting the European Union’s highest key borrowing costs to ease pressure on the economy after three quarters of recession.
General Electric Co. raised its full-year guidance and reported second-quarter results that blew past Wall Street’s expectations as the manufacturer capitalizes on rebounding renewable-energy orders and an air travel boom that continues to drive demand for jet engines.
